Waldron Private Wealth LLC Acquires 4,965 Shares of Caterpillar Inc. (NYSE:CAT)

Waldron Private Wealth LLC lifted its holdings in Caterpillar Inc. (NYSE:CAT) by 102.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 9,794 shares of the industrial products company’s stock after purchasing an additional 4,965 shares during the period. Waldron Private Wealth LLC’s holdings in Caterpillar were worth $3,553,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in CAT. Centaurus Financial Inc. boosted its position in Caterpillar by 83.5% during the second quarter. Centaurus Financial Inc. now owns 4,535 shares of the industrial products company’s stock valued at $1,511,000 after purchasing an additional 2,063 shares during the last quarter. Central Pacific Bank Trust Division grew its position in shares of Caterpillar by 122.9% in the 3rd quarter. Central Pacific Bank Trust Division now owns 2,340 shares of the industrial products company’s stock valued at $915,000 after acquiring an additional 1,290 shares during the period. Czech National Bank increased its stake in shares of Caterpillar by 6.0% during the 3rd quarter. Czech National Bank now owns 98,778 shares of the industrial products company’s stock worth $38,634,000 after purchasing an additional 5,584 shares during the last quarter. Unique Wealth LLC bought a new stake in shares of Caterpillar in the 3rd quarter valued at about $216,000. Finally, Canandaigua National Bank & Trust Co. lifted its stake in Caterpillar by 2.7% in the 3rd quarter. Canandaigua National Bank & Trust Co. now owns 15,223 shares of the industrial products company’s stock valued at $5,954,000 after purchasing an additional 404 shares during the last quarter. Institutional investors and hedge funds own 70.98% of the company’s stock.

Caterpillar Trading Down 0.8 %

Shares of Caterpillar stock opened at $371.88 on Friday. The firm has a market capitalization of $179.54 billion, a PE ratio of 17.24, a price-to-earnings-growth ratio of 2.05 and a beta of 1.13. The company has a current ratio of 1.40, a quick ratio of 0.86 and a debt-to-equity ratio of 1.33. The firm’s 50 day moving average is $381.40 and its 200 day moving average is $370.82. Caterpillar Inc. has a 1 year low of $299.93 and a 1 year high of $418.50.

Caterpillar (NYSE:CAT) last posted its earnings results on Thursday, January 30th. The industrial products company reported $5.14 EPS for the quarter, beating the consensus estimate of $4.97 by $0.17. Caterpillar had a return on equity of 59.09% and a net margin of 16.26%. Equities research analysts forecast that Caterpillar Inc. will post 21.71 earnings per share for the current fiscal year.

Caterpillar Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Tuesday, January 21st will be given a dividend of $1.41 per share. The ex-dividend date of this dividend is Tuesday, January 21st. This represents a $5.64 dividend on an annualized basis and a yield of 1.52%. Caterpillar’s dividend payout ratio (DPR) is currently 26.15%.

Insider Activity at Caterpillar

In other news, insider Cheryl H. Johnson sold 2,664 shares of the firm’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $378.84, for a total value of $1,009,229.76. Following the completion of the sale, the insider now directly owns 12,951 shares in the company, valued at $4,906,356.84. This trade represents a 17.06 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Daniel M. Dickinson sold 1,300 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $418.00, for a total value of $543,400.00. Following the sale, the director now owns 4,976 shares of the company’s stock, valued at approximately $2,079,968. This represents a 20.71 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 32,900 shares of company stock worth $13,111,601 in the last 90 days. Corporate insiders own 0.29% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on CAT. Evercore ISI upgraded Caterpillar from an “underperform” rating to an “in-line” rating and set a $365.00 price objective on the stock in a research note on Monday, January 13th. Morgan Stanley cut their price target on Caterpillar from $330.00 to $300.00 and set an “underweight” rating for the company in a report on Friday. Truist Financial decreased their price objective on shares of Caterpillar from $471.00 to $455.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. Bank of America reduced their target price on shares of Caterpillar from $452.00 to $414.00 and set a “buy” rating for the company in a report on Friday. Finally, Jefferies Financial Group increased their price target on shares of Caterpillar from $455.00 to $475.00 and gave the company a “buy” rating in a report on Friday, December 6th. Three investment 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’s stock. According to MarketBeat.com, Caterpillar has an average rating of “Hold” and an average price target of $380.13.

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.