Kiley Juergens Wealth Management LLC Has $6.68 Million Stock Holdings in Caterpillar Inc. (NYSE:CAT)

Kiley Juergens Wealth Management LLC lowered its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 1.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 18,410 shares of the industrial products company’s stock after selling 193 shares during the period. Caterpillar comprises about 1.7% of Kiley Juergens Wealth Management LLC’s portfolio, making the stock its 14th biggest holding. Kiley Juergens Wealth Management LLC’s holdings in Caterpillar were worth $6,678,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Retirement Wealth Solutions LLC bought a new stake in shares of Caterpillar during the fourth quarter worth $34,000. Fairscale Capital LLC acquired a new stake in shares of Caterpillar during the 2nd quarter valued at $36,000. Capital Performance Advisors LLP bought a new stake in Caterpillar during the 3rd quarter worth $36,000. Kimelman & Baird LLC increased its holdings in Caterpillar by 42.9% in the 3rd quarter. Kimelman & Baird LLC now owns 100 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 30 shares in the last quarter. Finally, Trivant Custom Portfolio Group LLC boosted its stake in shares of Caterpillar by 130.0% during the fourth quarter. Trivant Custom Portfolio Group LLC now owns 115 shares of the industrial products company’s stock valued at $42,000 after purchasing an additional 65 shares in the last quarter. 70.98% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on CAT. StockNews.com downgraded Caterpillar from a “buy” rating to a “hold” rating in a research note on Friday. Jefferies Financial Group raised their price target on shares of Caterpillar from $455.00 to $475.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Citigroup reduced their price objective on shares of Caterpillar from $460.00 to $420.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Evercore ISI raised Caterpillar from an “underperform” rating to an “in-line” rating and set a $365.00 target price for the company in a research report on Monday, January 13th. Finally, JPMorgan Chase & Co. upped their price target on Caterpillar from $500.00 to $515.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $380.60.

Insider Transactions at Caterpillar

In related news, insider Cheryl H. Johnson sold 2,664 shares of the business’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $378.84, for a total value of $1,009,229.76. Following the transaction, the insider now directly owns 12,951 shares of the company’s stock, valued at approximately $4,906,356.84. The trade was a 17.06 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Lange Bob De sold 12,657 shares of Caterpillar stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $410.25, for a total transaction of $5,192,534.25. Following the completion of the sale, the insider now directly owns 71,107 shares in the company, valued at approximately $29,171,646.75. This represents a 15.11 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 33,868 shares of company stock worth $13,480,389 in the last 90 days. Insiders own 0.29% of the company’s stock.

Caterpillar Stock Performance

CAT opened at $386.03 on Tuesday. The company has a market cap of $186.38 billion, a price-to-earnings ratio of 17.90, a PEG ratio of 1.91 and a beta of 1.13. The company has a current ratio of 1.40, a quick ratio of 0.86 and a debt-to-equity ratio of 1.33. Caterpillar Inc. has a 1-year low of $277.66 and a 1-year high of $418.50. The company’s fifty day moving average price is $380.09 and its two-hundred day moving average price is $367.29.

Caterpillar (NYSE:CAT) last released its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $5.17 EPS for the quarter, missing analysts’ consensus estimates of $5.33 by ($0.16). Caterpillar had a net margin of 16.26% and a return on equity of 59.09%. The company had revenue of $16.11 billion during the quarter, compared to analysts’ expectations of $16.37 billion. During the same period in the previous year, the company posted $5.52 earnings per share. The company’s quarterly revenue was down 4.2% compared to the same quarter last year. On average, analysts expect that Caterpillar Inc. will post 21.69 EPS for the current fiscal year.

Caterpillar Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Tuesday, January 21st will be paid a $1.41 dividend. The ex-dividend date of this dividend is Tuesday, January 21st. This represents a $5.64 annualized dividend and a yield of 1.46%. Caterpillar’s dividend payout ratio (DPR) is 26.15%.

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.