Resonant Capital Advisors LLC Purchases 65 Shares of Caterpillar Inc. (NYSE:CAT)

Resonant Capital Advisors LLC grew its position in shares of Caterpillar Inc. (NYSE:CAT) by 3.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,826 shares of the industrial products company’s stock after buying an additional 65 shares during the quarter. Resonant Capital Advisors LLC’s holdings in Caterpillar were worth $662,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the company. S.A. Mason LLC lifted its position in shares of Caterpillar by 3.8% during the 4th quarter. S.A. Mason LLC now owns 1,231 shares of the industrial products company’s stock worth $447,000 after buying an additional 45 shares in the last quarter. Chicago Capital LLC increased its stake in shares of Caterpillar by 2.6% during the 4th quarter. Chicago Capital LLC now owns 15,139 shares of the industrial products company’s stock worth $5,492,000 after purchasing an additional 383 shares during the last quarter. Magnolia Capital Advisors LLC increased its stake in shares of Caterpillar by 3.3% during the 4th quarter. Magnolia Capital Advisors LLC now owns 857 shares of the industrial products company’s stock worth $311,000 after purchasing an additional 27 shares during the last quarter. FSM Wealth Advisors LLC increased its stake in shares of Caterpillar by 3.8% during the 4th quarter. FSM Wealth Advisors LLC now owns 688 shares of the industrial products company’s stock worth $262,000 after purchasing an additional 25 shares during the last quarter. Finally, HHM Wealth Advisors LLC increased its stake in shares of Caterpillar by 1.4% during the 4th quarter. HHM Wealth Advisors LLC now owns 5,981 shares of the industrial products company’s stock worth $2,170,000 after purchasing an additional 81 shares during the last quarter. Institutional investors own 70.98% of the company’s stock.

Insider Buying and Selling

In related news, Director Gerald Johnson acquired 100 shares of the stock in a transaction on Wednesday, December 4th. The stock was bought at an average cost of $398.57 per share, with a total value of $39,857.00. Following the transaction, the director now directly owns 2,953 shares in the company, valued at approximately $1,176,977.21. This represents a 3.51 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the business’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $380.09, for a total transaction of $3,800,900.00. Following the completion of the sale, the chief financial officer now directly owns 45,182 shares of the company’s stock, valued at approximately $17,173,226.38. This trade represents a 18.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 30,236 shares of company stock valued at $12,102,371. Company insiders own 0.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on CAT shares. Truist Financial decreased their price target on shares of Caterpillar from $455.00 to $438.00 and set a “buy” rating for the company in a research note on Monday. JPMorgan Chase & Co. decreased their price target on shares of Caterpillar from $515.00 to $490.00 and set an “overweight” rating for the company in a research note on Friday. Citigroup raised their price target on shares of Caterpillar from $420.00 to $430.00 and gave the stock a “buy” rating in a research note on Friday. Jefferies Financial Group lifted their price objective on shares of Caterpillar from $455.00 to $475.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Finally, Morgan Stanley lowered their target price on shares of Caterpillar from $330.00 to $300.00 and set an “underweight” rating on the stock in a report on Friday. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $381.00.

Caterpillar Stock Down 2.6 %

Shares of CAT stock opened at $361.62 on Tuesday. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.42 and a quick ratio of 0.89. The company has a market capitalization of $174.59 billion, a price-to-earnings ratio of 16.39, a PEG ratio of 1.95 and a beta of 1.12. The company’s fifty day moving average price is $380.88 and its 200-day moving average price is $371.17. Caterpillar Inc. has a one year low of $307.05 and a one year high of $418.50.

Caterpillar (NYSE:CAT) last announced its quarterly earnings results on Thursday, January 30th. The industrial products company reported $5.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.97 by $0.17. Caterpillar had a net margin of 16.65% and a return on equity of 58.18%. Sell-side analysts expect that Caterpillar Inc. will post 21.45 EPS for the current fiscal year.

Caterpillar Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Tuesday, January 21st will be issued a $1.41 dividend. The ex-dividend date of this dividend is Tuesday, January 21st. This represents a $5.64 dividend on an annualized basis and a dividend yield of 1.56%. Caterpillar’s dividend payout ratio (DPR) is presently 25.56%.

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.