Daner Wealth Management LLC Acquires New Shares in Caterpillar Inc. (NYSE:CAT)

Daner Wealth Management LLC purchased a new stake in shares of Caterpillar Inc. (NYSE:CAT) in the fourth quarter, according to its most recent 13F filing with the SEC. The fund purchased 703 shares of the industrial products company’s stock, valued at approximately $264,000.

A number of other hedge funds have also recently made changes to their positions in CAT. Goldstone Financial Group LLC purchased a new position in shares of Caterpillar during the 3rd quarter valued at $619,000. Nisa Investment Advisors LLC grew its position in shares of Caterpillar by 2.4% during the 3rd quarter. Nisa Investment Advisors LLC now owns 165,047 shares of the industrial products company’s stock valued at $64,553,000 after purchasing an additional 3,922 shares in the last quarter. Orrstown Financial Services Inc. grew its position in shares of Caterpillar by 88.6% during the 3rd quarter. Orrstown Financial Services Inc. now owns 2,848 shares of the industrial products company’s stock valued at $1,114,000 after purchasing an additional 1,338 shares in the last quarter. Worth Financial Advisory Group LLC grew its position in shares of Caterpillar by 1.6% during the 3rd quarter. Worth Financial Advisory Group LLC now owns 2,321 shares of the industrial products company’s stock valued at $908,000 after purchasing an additional 36 shares in the last quarter. Finally, Smith Group Asset Management LLC purchased a new position in shares of Caterpillar during the 3rd quarter valued at $235,000. 70.98% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CFO Andrew R. J. Bonfield sold 10,000 shares of the stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $380.09, for a total value 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. This represents a 18.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Anthony D. Fassino sold 6,279 shares of the stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $408.59, for a total transaction 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 approximately $13,714,323.35. The trade was a 15.76 % 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. Insiders own 0.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Evercore ISI upped their target price 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. DA Davidson upped their target price on shares of Caterpillar from $350.00 to $357.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 4th. Jefferies Financial Group upped their target price on shares of Caterpillar from $455.00 to $475.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. JPMorgan Chase & Co. cut their target price on shares of Caterpillar from $515.00 to $490.00 and set an “overweight” rating for the company 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 investment analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $383.80.

Caterpillar Stock Performance

Shares of NYSE:CAT opened at $342.37 on Wednesday. The company has a market cap of $163.63 billion, a price-to-earnings ratio of 15.51, a price-to-earnings-growth ratio of 1.87 and a beta of 1.12. The company has a 50-day moving average price of $367.25 and a 200-day moving average price of $373.10. The company has a current ratio of 1.42, a quick ratio of 0.89 and a debt-to-equity ratio of 1.40. Caterpillar Inc. has a 12 month low of $307.05 and a 12 month high of $418.50.

Caterpillar (NYSE:CAT) last issued its quarterly earnings data on Thursday, January 30th. The industrial products company reported $5.14 EPS 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, equities analysts anticipate that Caterpillar Inc. will post 19.86 EPS for the current year.

Caterpillar Dividend Announcement

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