Darwin Wealth Management LLC Invests $176,000 in Caterpillar Inc. (NYSE:CAT)

Darwin Wealth Management LLC bought a new stake in Caterpillar Inc. (NYSE:CAT) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 450 shares of the industrial products company’s stock, valued at approximately $176,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bbjs Financial Advisors LLC acquired a new position in Caterpillar in the second quarter valued at about $28,000. Financial Connections Group Inc. bought a new stake in shares of Caterpillar during the second quarter worth about $28,000. Capital Performance Advisors LLP acquired a new position in shares of Caterpillar in the third quarter worth approximately $36,000. Fairscale Capital LLC acquired a new position in shares of Caterpillar in the second quarter worth approximately $36,000. Finally, POM Investment Strategies LLC lifted its stake in Caterpillar by 2,160.0% in the second quarter. POM Investment Strategies LLC now owns 113 shares of the industrial products company’s stock valued at $38,000 after buying an additional 108 shares during the period. 70.98% of the stock is owned by institutional investors.

Insider Activity

In other Caterpillar news, insider Anthony D. Fassino sold 3,185 shares of the business’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $351.36, for a total transaction of $1,119,081.60. Following the sale, the insider now directly owns 33,442 shares in the company, valued at $11,750,181.12. This represents a 8.70 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gerald Johnson acquired 100 shares of the stock in a transaction dated Wednesday, September 4th. The shares were bought at an average cost of $338.59 per share, with a total value of $33,859.00. Following the completion of the transaction, the director now owns 2,842 shares of the company’s stock, valued at approximately $962,272.78. This represents a 3.65 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 20,774 shares of company stock valued at $8,233,034. 0.29% of the stock is currently owned by insiders.

Caterpillar Stock Performance

Shares of Caterpillar stock opened at $381.44 on Thursday. Caterpillar Inc. has a 52 week low of $241.81 and a 52 week high of $418.50. The company has a quick ratio of 0.86, a current ratio of 1.40 and a debt-to-equity ratio of 1.33. The firm has a market capitalization of $184.16 billion, a P/E ratio of 17.68, a PEG ratio of 1.90 and a beta of 1.10. The company has a 50 day moving average price of $383.83 and a 200 day moving average price of $355.03.

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

Caterpillar Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Monday, October 21st were given a dividend of $1.41 per share. The ex-dividend date of this dividend was Monday, October 21st. This represents a $5.64 annualized dividend and a dividend yield of 1.48%. Caterpillar’s payout ratio is 26.15%.

Analysts Set New Price Targets

CAT has been the topic of a number of research reports. Bank of America upped their target price on Caterpillar from $376.00 to $434.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. Evercore ISI downgraded Caterpillar from an “in-line” rating to an “underperform” rating and upped their price objective for the company from $321.00 to $365.00 in a research note on Wednesday, November 13th. Truist Financial upped their price target on Caterpillar from $399.00 to $456.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. StockNews.com cut Caterpillar from a “buy” rating to a “hold” rating in a research report on Tuesday, September 24th. Finally, Morgan Stanley cut Caterpillar from an “equal weight” rating to an “underweight” rating and dropped their price objective for the stock from $349.00 to $332.00 in a report on Monday, October 14th. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $365.33.

About Caterpillar

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.