Wealth Alliance Has $419,000 Stock Holdings in Caterpillar Inc. (NYSE:CAT)

Wealth Alliance lessened its position in shares of Caterpillar Inc. (NYSE:CAT) by 11.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,418 shares of the industrial products company’s stock after selling 186 shares during the quarter. Wealth Alliance’s holdings in Caterpillar were worth $419,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Waterway Wealth Management LLC acquired a new position in shares of Caterpillar during the fourth quarter valued at $352,000. Farmers Trust Co. lifted its stake in Caterpillar by 2.7% in the fourth quarter. Farmers Trust Co. now owns 4,490 shares of the industrial products company’s stock valued at $1,328,000 after buying an additional 120 shares during the period. Firethorn Wealth Partners LLC lifted its stake in Caterpillar by 19.4% in the fourth quarter. Firethorn Wealth Partners LLC now owns 1,825 shares of the industrial products company’s stock valued at $540,000 after buying an additional 296 shares during the period. Panagora Asset Management Inc. lifted its stake in Caterpillar by 16.7% in the third quarter. Panagora Asset Management Inc. now owns 367,655 shares of the industrial products company’s stock valued at $100,370,000 after buying an additional 52,576 shares during the period. Finally, Rise Advisors LLC raised its position in shares of Caterpillar by 7.8% during the fourth quarter. Rise Advisors LLC now owns 1,074 shares of the industrial products company’s stock worth $318,000 after purchasing an additional 78 shares during the period. Institutional investors and hedge funds own 70.98% of the company’s stock.

Insider Buying and Selling

In other Caterpillar news, insider Lange Bob De sold 21,194 shares of Caterpillar stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $325.52, for a total value of $6,899,070.88. Following the completion of the transaction, the insider now directly owns 61,092 shares of the company’s stock, valued at approximately $19,886,667.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Caterpillar news, CFO Andrew R. J. Bonfield sold 10,000 shares of Caterpillar stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $310.10, for a total value of $3,101,000.00. Following the completion of the transaction, the chief financial officer now directly owns 57,317 shares of the company’s stock, valued at approximately $17,774,001.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Lange Bob De sold 21,194 shares of Caterpillar stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $325.52, for a total value of $6,899,070.88. Following the completion of the transaction, the insider now directly owns 61,092 shares of the company’s stock, valued at $19,886,667.84. The disclosure for this sale can be found here. In the last ninety days, insiders sold 45,769 shares of company stock valued at $14,509,306. Insiders own 0.33% of the company’s stock.

Caterpillar Stock Performance

CAT opened at $358.33 on Thursday. The stock has a market cap of $178.95 billion, a price-to-earnings ratio of 17.79, a PEG ratio of 1.60 and a beta of 1.17. The business has a 50 day moving average of $345.24 and a 200-day moving average of $296.78. The company has a quick ratio of 0.87, a current ratio of 1.35 and a debt-to-equity ratio of 1.25. Caterpillar Inc. has a 12-month low of $204.04 and a 12-month high of $382.01.

Caterpillar (NYSE:CAT) last released its quarterly earnings results on Monday, February 5th. The industrial products company reported $5.23 earnings per share for the quarter, topping the consensus estimate of $4.76 by $0.47. The business had revenue of $17.07 billion during the quarter, compared to analysts’ expectations of $17.06 billion. Caterpillar had a return on equity of 56.99% and a net margin of 15.41%. The firm’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period last year, the firm posted $3.86 EPS. On average, equities research analysts expect that Caterpillar Inc. will post 21.33 earnings per share for the current year.

Caterpillar Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, May 20th. Investors of record on Monday, April 22nd will be issued a dividend of $1.30 per share. The ex-dividend date is Friday, April 19th. This represents a $5.20 annualized dividend and a yield of 1.45%. Caterpillar’s payout ratio is currently 25.82%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on CAT shares. StockNews.com lowered Caterpillar from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 20th. TD Cowen raised their price target on Caterpillar from $300.00 to $338.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 6th. Morgan Stanley assumed coverage on Caterpillar in a report on Monday, January 8th. They set an “equal weight” rating and a $270.00 price objective for the company. Robert W. Baird increased their price objective on Caterpillar from $210.00 to $257.00 and gave the stock an “underperform” rating in a report on Tuesday, February 6th. Finally, JPMorgan Chase & Co. increased their price objective on Caterpillar from $385.00 to $435.00 and gave the stock an “overweight” rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $307.56.

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.