Private Wealth Partners LLC Purchases 100 Shares of Caterpillar Inc. (NYSE:CAT)

Private Wealth Partners LLC boosted its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 10.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,100 shares of the industrial products company’s stock after purchasing an additional 100 shares during the period. Private Wealth Partners LLC’s holdings in Caterpillar were worth $399,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. TBH Global Asset Management LLC lifted its position in Caterpillar by 1.7% during the 4th quarter. TBH Global Asset Management LLC now owns 2,101 shares of the industrial products company’s stock worth $762,000 after buying an additional 36 shares in the last quarter. Bryn Mawr Capital Management LLC lifted its position in shares of Caterpillar by 706.3% during the fourth quarter. Bryn Mawr Capital Management LLC now owns 15,554 shares of the industrial products company’s stock worth $5,642,000 after purchasing an additional 13,625 shares in the last quarter. Fagan Associates Inc. grew its stake in shares of Caterpillar by 2.6% during the fourth quarter. Fagan Associates Inc. now owns 1,595 shares of the industrial products company’s stock valued at $579,000 after purchasing an additional 40 shares during the last quarter. Bank of Jackson Hole Trust acquired a new stake in shares of Caterpillar in the fourth quarter valued at approximately $609,000. Finally, Klingman & Associates LLC raised its position in Caterpillar by 4.5% in the 4th quarter. Klingman & Associates LLC now owns 703 shares of the industrial products company’s stock worth $255,000 after purchasing an additional 30 shares during the last quarter. Institutional investors own 70.98% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on the company. JPMorgan Chase & Co. decreased their price objective on Caterpillar from $515.00 to $490.00 and set an “overweight” rating on the stock in a research report on Friday, January 31st. Jefferies Financial Group raised their price target on Caterpillar from $455.00 to $475.00 and gave the company a “buy” rating in a report on Friday, December 6th. 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. Robert W. Baird raised their target price on shares of Caterpillar from $299.00 to $300.00 and gave the company an “underperform” rating in a research note on Thursday, October 31st. Finally, Bank of America cut their price objective on shares of Caterpillar from $452.00 to $414.00 and set a “buy” rating on the stock in a report on Friday, January 31st. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $383.80.

Caterpillar Stock Performance

CAT stock opened at $353.26 on Thursday. Caterpillar Inc. has a 1-year low of $307.05 and a 1-year high of $418.50. The company has a current ratio of 1.42, a quick ratio of 0.89 and a debt-to-equity ratio of 1.40. The firm has a market cap of $170.55 billion, a PE ratio of 16.01, a P/E/G ratio of 1.88 and a beta of 1.12. The business’s 50-day moving average price is $370.89 and its two-hundred day moving average price is $372.54.

Caterpillar (NYSE:CAT) last issued its quarterly earnings data on Thursday, January 30th. The industrial products company reported $5.14 earnings per share (EPS) for the quarter, beating 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%. As a group, research analysts forecast that Caterpillar Inc. will post 19.98 earnings per share for the current year.

Caterpillar Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Tuesday, January 21st will be issued a dividend of $1.41 per share. The ex-dividend date is Tuesday, January 21st. This represents a $5.64 dividend on an annualized basis and a dividend yield of 1.60%. Caterpillar’s payout ratio is 25.56%.

Insider Activity at Caterpillar

In other news, insider Jason Kaiser sold 2,425 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $354.70, for a total value of $860,147.50. Following the sale, the insider now owns 6,275 shares of the company’s stock, valued at $2,225,742.50. The trade was a 27.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the firm’s stock in a transaction on 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 transaction, 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 position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 18,704 shares of company stock valued at $7,226,584. 0.29% of the stock is owned by corporate insiders.

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.