Fairhaven Wealth Management LLC Buys 131 Shares of Caterpillar Inc. (NYSE:CAT)

Fairhaven Wealth Management LLC lifted its stake in shares of Caterpillar Inc. (NYSE:CAT) by 2.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 6,580 shares of the industrial products company’s stock after purchasing an additional 131 shares during the quarter. Fairhaven Wealth Management LLC’s holdings in Caterpillar were worth $2,387,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the stock. Retirement Wealth Solutions LLC bought a new position in shares of Caterpillar in the fourth quarter valued at approximately $34,000. Capital Performance Advisors LLP purchased a new stake in Caterpillar in the 3rd quarter worth approximately $36,000. Albion Financial Group UT boosted its holdings in Caterpillar by 334.8% in the 4th quarter. Albion Financial Group UT now owns 100 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 77 shares during the period. Kimelman & Baird LLC grew its position in shares of Caterpillar by 42.9% during the 3rd quarter. Kimelman & Baird LLC now owns 100 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 30 shares in the last quarter. Finally, Trivant Custom Portfolio Group LLC raised its position in shares of Caterpillar by 130.0% in the fourth quarter. Trivant Custom Portfolio Group LLC now owns 115 shares of the industrial products company’s stock worth $42,000 after buying an additional 65 shares in the last quarter. Institutional investors own 70.98% of the company’s stock.

Caterpillar Stock Performance

NYSE CAT opened at $338.65 on Tuesday. The firm has a market cap of $161.85 billion, a price-to-earnings ratio of 15.34, a PEG ratio of 1.87 and a beta of 1.12. The company has a 50-day simple moving average of $368.73 and a two-hundred day simple moving average of $373.05. The company has a quick ratio of 0.89, a current ratio of 1.42 and a debt-to-equity ratio of 1.40. Caterpillar Inc. has a 12-month low of $307.05 and a 12-month high of $418.50.

Caterpillar (NYSE:CAT) last posted its quarterly earnings results on Thursday, January 30th. The industrial products company reported $5.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.97 by $0.17. Caterpillar had a return on equity of 58.18% and a net margin of 16.65%. On average, equities analysts forecast that Caterpillar Inc. will post 19.86 EPS for the current year.

Caterpillar Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Tuesday, January 21st were paid a $1.41 dividend. This represents a $5.64 annualized dividend and a dividend yield of 1.67%. The ex-dividend date of this dividend was Tuesday, January 21st. Caterpillar’s payout ratio is 25.56%.

Insider Activity at Caterpillar

In related news, insider Jason Kaiser sold 2,425 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $354.70, for a total transaction of $860,147.50. Following the transaction, the insider now owns 6,275 shares in the company, valued at $2,225,742.50. The trade was a 27.87 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Anthony D. Fassino sold 6,279 shares of Caterpillar stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $408.59, for a total value of $2,565,536.61. Following the completion of the sale, the insider now owns 33,565 shares in the company, valued at approximately $13,714,323.35. This represents a 15.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 18,704 shares of company stock worth $7,226,584 in the last three months. 0.29% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms recently commented on CAT. Wedbush upgraded Caterpillar to an “outperform” rating in a research report on Monday, February 3rd. UBS Group raised Caterpillar from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $355.00 to $385.00 in a report on Monday, February 3rd. Truist Financial lowered their target price on shares of Caterpillar from $455.00 to $438.00 and set a “buy” rating on the stock in a research note on Monday, February 3rd. Raymond James raised shares of Caterpillar from a “market perform” rating to an “outperform” rating in a research note on Monday, February 3rd. Finally, Robert W. Baird raised their price objective on shares of Caterpillar from $299.00 to $300.00 and gave the company an “underperform” rating in a research report on Thursday, October 31st. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $383.80.

Caterpillar Company 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.