Retirement Wealth Solutions LLC Buys Shares of 96 Caterpillar Inc. (NYSE:CAT)

Retirement Wealth Solutions LLC purchased a new stake in shares of Caterpillar Inc. (NYSE:CAT) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 96 shares of the industrial products company’s stock, valued at approximately $34,000.

Several other institutional investors and hedge funds have also modified their holdings of CAT. Nordea Investment Management AB lifted its position in shares of Caterpillar by 1.6% in the fourth quarter. Nordea Investment Management AB now owns 635,750 shares of the industrial products company’s stock worth $231,686,000 after buying an additional 10,212 shares during the last quarter. Alpha Cubed Investments LLC grew its holdings in Caterpillar by 5.6% during the third quarter. Alpha Cubed Investments LLC now owns 116,566 shares of the industrial products company’s stock valued at $45,591,000 after purchasing an additional 6,212 shares during the last quarter. Citizens Financial Group Inc. RI lifted its stake in shares of Caterpillar by 43.0% in the third quarter. Citizens Financial Group Inc. RI now owns 13,902 shares of the industrial products company’s stock worth $5,437,000 after buying an additional 4,181 shares during the last quarter. First Affirmative Financial Network bought a new stake in shares of Caterpillar during the 3rd quarter worth $204,000. Finally, Inspire Advisors LLC raised its holdings in Caterpillar by 25.8% in the 3rd quarter. Inspire Advisors LLC now owns 8,266 shares of the industrial products company’s stock worth $3,233,000 after acquiring an additional 1,694 shares during the period. Institutional investors and hedge funds own 70.98% of the company’s stock.

Insider Transactions at Caterpillar

In other news, insider Cheryl H. Johnson sold 2,664 shares of the stock in a transaction on Monday, November 4th. The stock was sold at an average price of $378.84, for a total transaction of $1,009,229.76. Following the sale, the insider now owns 12,951 shares in the company, valued at approximately $4,906,356.84. This represents a 17.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO William E. Schaupp sold 968 shares of the company’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $380.98, for a total transaction of $368,788.64. Following the transaction, the chief accounting officer now owns 1,686 shares in the company, valued at approximately $642,332.28. This trade represents a 36.47 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 33,868 shares of company stock valued at $13,480,389 in the last three months. 0.29% of the stock is owned by corporate insiders.

Caterpillar Stock Up 1.4 %

NYSE CAT opened at $386.03 on Friday. Caterpillar Inc. has a 1-year low of $277.66 and a 1-year high of $418.50. The company has a market capitalization of $186.38 billion, a price-to-earnings ratio of 17.90, a PEG ratio of 1.72 and a beta of 1.13. The stock’s 50 day moving average is $380.09 and its two-hundred day moving average is $366.76. The company has a current ratio of 1.40, a quick ratio of 0.86 and a debt-to-equity ratio of 1.33.

Caterpillar (NYSE:CAT) last issued its earnings results on Wednesday, October 30th. The industrial products company reported $5.17 EPS for the quarter, missing the consensus estimate of $5.33 by ($0.16). The firm had revenue of $16.11 billion during the quarter, compared to analyst estimates of $16.37 billion. Caterpillar had a net margin of 16.26% and a return on equity of 59.09%. The firm’s revenue for the quarter was down 4.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $5.52 EPS. Equities analysts forecast that Caterpillar Inc. will post 21.68 earnings per share for the current fiscal year.

Caterpillar Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Tuesday, January 21st will be issued a dividend of $1.41 per share. This represents a $5.64 annualized dividend and a dividend yield of 1.46%. The ex-dividend date is Tuesday, January 21st. Caterpillar’s payout ratio is 26.15%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Truist Financial decreased their price target on shares of Caterpillar from $471.00 to $455.00 and set a “buy” rating for the company in a report on Thursday. Citigroup lowered their target price on Caterpillar from $460.00 to $420.00 and set a “buy” rating on the stock in a report on Tuesday. StockNews.com lowered Caterpillar from a “buy” rating to a “hold” rating in a report on Friday. Morgan Stanley downgraded shares of Caterpillar from an “equal weight” rating to an “underweight” rating and lowered their price objective for the stock from $349.00 to $332.00 in a research note on Monday, October 14th. Finally, UBS Group increased their price target on shares of Caterpillar from $285.00 to $295.00 and gave the company a “sell” rating in a report on Monday, November 4th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $380.60.

Caterpillar Profile

Caterpillar Inc manufactures and sells construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives in worldwide. Its Construction Industries segment offers asphalt pavers, compactors, road reclaimers, forestry machines, cold planers, material handlers, track-type tractors, excavators, telehandlers, motor graders, and pipelayers; compact track, wheel, track-type, backhoe, and skid steer loaders; and related parts and tools.