BCS Wealth Management Makes New $760,000 Investment in Caterpillar Inc. (NYSE:CAT)

BCS Wealth Management acquired a new stake in shares of Caterpillar Inc. (NYSE:CAT) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,094 shares of the industrial products company’s stock, valued at approximately $760,000.

Several other large investors also recently made changes to their positions in CAT. Miracle Mile Advisors LLC grew its stake in Caterpillar by 409.6% in the fourth quarter. Miracle Mile Advisors LLC now owns 22,887 shares of the industrial products company’s stock valued at $8,303,000 after acquiring an additional 18,396 shares during the period. Sunflower Bank N.A. lifted its holdings in shares of Caterpillar by 10.0% in the 4th quarter. Sunflower Bank N.A. now owns 1,271 shares of the industrial products company’s stock worth $461,000 after purchasing an additional 116 shares in the last quarter. Davis Investment Partners LLC grew its position in Caterpillar by 45.3% in the 4th quarter. Davis Investment Partners LLC now owns 2,103 shares of the industrial products company’s stock valued at $738,000 after purchasing an additional 656 shares during the period. Cooper Financial Group increased its stake in Caterpillar by 2.3% during the 4th quarter. Cooper Financial Group now owns 5,616 shares of the industrial products company’s stock valued at $2,037,000 after purchasing an additional 126 shares in the last quarter. Finally, Wedmont Private Capital raised its holdings in Caterpillar by 7.1% during the fourth quarter. Wedmont Private Capital now owns 7,331 shares of the industrial products company’s stock worth $2,573,000 after buying an additional 485 shares during the last quarter. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Caterpillar

In related news, Director Daniel M. Dickinson sold 1,300 shares of the firm’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 completion of the transaction, the director now directly owns 4,976 shares of the company’s stock, valued at approximately $2,079,968. This trade represents a 20.71 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gerald Johnson acquired 100 shares of Caterpillar stock in a transaction that occurred on Wednesday, December 4th. The stock was acquired at an average price of $398.57 per share, with a total value of $39,857.00. Following the completion of the purchase, the director now directly owns 2,953 shares in the company, valued at $1,176,977.21. This represents a 3.51 % increase in their position. The disclosure for this purchase can be found here. Insiders sold 23,868 shares of company stock worth $9,679,489 over the last quarter. Corporate insiders own 0.29% of the company’s stock.

Caterpillar Stock Up 3.4 %

Caterpillar stock opened at $362.82 on Tuesday. The firm has a 50 day moving average price of $381.88 and a 200-day moving average price of $365.94. The company has a quick ratio of 0.86, a current ratio of 1.40 and a debt-to-equity ratio of 1.33. Caterpillar Inc. has a twelve month low of $276.94 and a twelve month high of $418.50. The company has a market capitalization of $175.17 billion, a P/E ratio of 16.82, a P/E/G ratio of 1.92 and a beta of 1.13.

Caterpillar (NYSE:CAT) last released its 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 return on equity of 59.09% and a net margin of 16.26%. The firm had revenue of $16.11 billion during the quarter, compared to analysts’ expectations of $16.37 billion. During the same period in the prior year, the business earned $5.52 earnings per share. The business’s quarterly revenue was down 4.2% compared to the same quarter last year. As a group, equities analysts predict that Caterpillar Inc. will post 21.68 EPS for the current year.

Caterpillar Dividend Announcement

The firm also recently announced 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 1.55%. Caterpillar’s dividend payout ratio is presently 26.15%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CAT. Evercore ISI raised shares of Caterpillar from an “underperform” rating to an “in-line” rating and set a $365.00 target price for the company in a research report on Monday. StockNews.com downgraded Caterpillar from a “buy” rating to a “hold” rating in a research note on Thursday, January 9th. Jefferies Financial Group lifted their target price on Caterpillar from $455.00 to $475.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Citigroup increased their price target on Caterpillar from $435.00 to $460.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Finally, Bank of America lifted their price objective on shares of Caterpillar from $376.00 to $434.00 and gave the stock a “buy” rating in a report on Monday, September 30th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $384.33.

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.