Catalyst Financial Partners LLC Grows Stock Holdings in Caterpillar Inc. (NYSE:CAT)

Catalyst Financial Partners LLC grew its holdings in Caterpillar Inc. (NYSE:CAT) by 0.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,664 shares of the industrial products company’s stock after acquiring an additional 41 shares during the period. Catalyst Financial Partners LLC’s holdings in Caterpillar were worth $1,692,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Creative Planning boosted its stake in Caterpillar by 1.7% during the third quarter. Creative Planning now owns 227,915 shares of the industrial products company’s stock valued at $89,142,000 after buying an additional 3,772 shares during the last quarter. ERn Financial LLC purchased a new stake in shares of Caterpillar during the 3rd quarter worth approximately $220,000. AAFMAA Wealth Management & Trust LLC lifted its holdings in shares of Caterpillar by 1.6% in the 3rd quarter. AAFMAA Wealth Management & Trust LLC now owns 7,308 shares of the industrial products company’s stock worth $2,858,000 after acquiring an additional 116 shares during the last quarter. Bfsg LLC grew its holdings in Caterpillar by 15.3% during the 3rd quarter. Bfsg LLC now owns 317 shares of the industrial products company’s stock valued at $124,000 after purchasing an additional 42 shares during the last quarter. Finally, Cornerstone Wealth Management LLC lifted its stake in Caterpillar by 3.3% in the third quarter. Cornerstone Wealth Management LLC now owns 3,903 shares of the industrial products company’s stock worth $1,527,000 after purchasing an additional 126 shares during the last quarter. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on CAT shares. Bank of America reduced their price target on Caterpillar from $452.00 to $414.00 and set a “buy” rating on the stock in a report on Friday, January 31st. Citigroup increased their target price on Caterpillar from $420.00 to $430.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Morgan Stanley lowered their target price on shares of Caterpillar from $330.00 to $300.00 and set an “underweight” rating for the company in a research note on Friday, January 31st. JPMorgan Chase & Co. reduced their price target on shares of Caterpillar from $515.00 to $490.00 and set an “overweight” rating on the stock in a research note on Friday, January 31st. Finally, UBS Group raised shares of Caterpillar from a “sell” rating to a “neutral” rating and boosted their price objective for the company from $355.00 to $385.00 in a research report on Monday, February 3rd. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $383.13.

Caterpillar Stock Performance

Shares of CAT stock opened at $353.97 on Friday. The firm has a market cap of $170.90 billion, a price-to-earnings ratio of 16.04, a PEG ratio of 1.94 and a beta of 1.12. Caterpillar Inc. has a 52-week low of $307.05 and a 52-week high of $418.50. The company has a quick ratio of 0.89, a current ratio of 1.42 and a debt-to-equity ratio of 1.40. The company’s 50 day moving average is $374.12 and its 200 day moving average is $371.81.

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 return on equity of 58.18% and a net margin of 16.65%. On average, sell-side analysts anticipate that Caterpillar Inc. will post 20.05 EPS for the current fiscal year.

Caterpillar Dividend Announcement

The company also recently declared 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. This represents a $5.64 annualized dividend and a dividend yield of 1.59%. The ex-dividend date is Tuesday, January 21st. Caterpillar’s payout ratio is 25.56%.

Insider Activity

In other news, CFO Andrew R. J. Bonfield sold 10,000 shares of the 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 sale, the chief financial officer now owns 45,182 shares in the company, valued at approximately $17,173,226.38. This represents a 18.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Gerald Johnson bought 100 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The shares were acquired at an average price of $398.57 per share, for a total transaction of $39,857.00. Following the completion of the purchase, the director now owns 2,953 shares in the company, valued at $1,176,977.21. The trade was a 3.51 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.29% of the company’s stock.

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.