703 Shares in Caterpillar Inc. (NYSE:CAT) Purchased by Daner Wealth Management LLC

Daner Wealth Management LLC acquired a new position in Caterpillar Inc. (NYSE:CAT) during the fourth quarter, HoldingsChannel reports. The institutional investor acquired 703 shares of the industrial products company’s stock, valued at approximately $264,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Illinois Municipal Retirement Fund lifted its position in Caterpillar by 1.2% during the fourth quarter. Illinois Municipal Retirement Fund now owns 30,332 shares of the industrial products company’s stock valued at $11,003,000 after purchasing an additional 347 shares during the period. FourThought Financial Partners LLC bought a new position in Caterpillar during the fourth quarter valued at approximately $4,808,000. Fairhaven Wealth Management LLC lifted its position in Caterpillar by 2.0% during the fourth quarter. Fairhaven Wealth Management LLC now owns 6,580 shares of the industrial products company’s stock valued at $2,387,000 after purchasing an additional 131 shares during the period. Wrapmanager Inc. lifted its position in Caterpillar by 4.7% during the fourth quarter. Wrapmanager Inc. now owns 4,723 shares of the industrial products company’s stock valued at $1,714,000 after purchasing an additional 212 shares during the period. Finally, Transcendent Capital Group LLC raised its position in Caterpillar by 24.5% in the fourth quarter. Transcendent Capital Group LLC now owns 1,648 shares of the industrial products company’s stock worth $598,000 after acquiring an additional 324 shares during the period. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Insider Activity at Caterpillar

In other Caterpillar news, insider Anthony D. Fassino sold 6,279 shares of Caterpillar stock in a transaction on Friday, November 29th. The shares were sold at an average price of $408.59, for a total value of $2,565,536.61. Following the completion of the transaction, the insider now directly owns 33,565 shares of the company’s stock, valued at $13,714,323.35. This trade represents a 15.76 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of Caterpillar stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $380.09, for a total transaction of $3,800,900.00. Following the completion of the transaction, the chief financial officer now directly owns 45,182 shares of the company’s stock, valued at $17,173,226.38. The trade was a 18.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 18,704 shares of company stock valued at $7,226,584. Corporate insiders own 0.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CAT. StockNews.com downgraded shares of Caterpillar from a “buy” rating to a “hold” rating in a research report on Tuesday. UBS Group upgraded shares of Caterpillar from a “sell” rating to a “neutral” rating and increased their price target for the stock from $355.00 to $385.00 in a research report on Monday, February 3rd. Evercore ISI increased their price target on shares of Caterpillar from $365.00 to $375.00 and gave the stock an “in-line” rating in a research report on Wednesday, February 19th. Morgan Stanley decreased their price target on shares of Caterpillar from $330.00 to $300.00 and set an “underweight” rating on the stock in a research report on Friday, January 31st. Finally, Wedbush upgraded shares of Caterpillar to an “outperform” rating in a research report on Monday, February 3rd. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, Caterpillar presently has a consensus rating of “Hold” and a consensus price target of $383.80.

Caterpillar Stock Performance

CAT opened at $342.37 on Wednesday. The stock has a market capitalization of $163.63 billion, a price-to-earnings ratio of 15.51, a PEG ratio of 1.87 and a beta of 1.12. The company has a fifty day moving average of $367.25 and a 200 day moving average of $373.10. Caterpillar Inc. has a fifty-two week low of $307.05 and a fifty-two week high of $418.50. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.89 and a current ratio of 1.42.

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

Caterpillar Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Tuesday, January 21st were paid a dividend of $1.41 per share. The ex-dividend date was Tuesday, January 21st. This represents a $5.64 annualized dividend and a yield of 1.65%. Caterpillar’s payout ratio is 25.56%.

Caterpillar 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.