Resolute Wealth Strategies LLC Has $4.90 Million Holdings in Caterpillar Inc. (NYSE:CAT)

Resolute Wealth Strategies LLC reduced its position in shares of Caterpillar Inc. (NYSE:CAT) by 0.4% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 13,514 shares of the industrial products company’s stock after selling 48 shares during the quarter. Caterpillar makes up approximately 2.5% of Resolute Wealth Strategies LLC’s holdings, making the stock its 9th biggest holding. Resolute Wealth Strategies LLC’s holdings in Caterpillar were worth $4,902,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bravias Capital Group LLC bought a new stake in Caterpillar during the 4th quarter valued at $254,000. Garrett Wealth Advisory Group LLC increased its position in Caterpillar by 25.1% during the 4th quarter. Garrett Wealth Advisory Group LLC now owns 1,470 shares of the industrial products company’s stock valued at $533,000 after purchasing an additional 295 shares during the period. Fidelis Capital Partners LLC increased its position in Caterpillar by 15.2% during the 4th quarter. Fidelis Capital Partners LLC now owns 10,005 shares of the industrial products company’s stock valued at $3,617,000 after purchasing an additional 1,321 shares during the period. SBI Securities Co. Ltd. purchased a new position in Caterpillar during the 4th quarter valued at $1,304,000. Finally, Jones Financial Companies Lllp increased its position in Caterpillar by 38.1% during the 4th quarter. Jones Financial Companies Lllp now owns 53,498 shares of the industrial products company’s stock valued at $19,407,000 after purchasing an additional 14,749 shares during the period. 70.98% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Caterpillar

In related news, Director Gerald Johnson bought 100 shares of the stock in a transaction 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 purchase, the director now owns 2,953 shares of the company’s stock, valued at approximately $1,176,977.21. The trade was a 3.51 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the company’s stock in a transaction dated 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 transaction, the chief financial officer now owns 45,182 shares in the company, valued at $17,173,226.38. This represents a 18.12 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.29% of the company’s stock.

Caterpillar Stock Performance

Shares of CAT stock opened at $331.75 on Tuesday. Caterpillar Inc. has a one year low of $307.05 and a one year high of $418.50. The company’s 50-day moving average is $365.31 and its 200 day moving average is $373.10. The company has a market capitalization of $158.55 billion, a price-to-earnings ratio of 15.03, a price-to-earnings-growth ratio of 1.87 and a beta of 1.12. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.89 and a current ratio of 1.42.

Caterpillar (NYSE:CAT) last announced 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%. Sell-side analysts expect that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

Caterpillar Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Tuesday, January 21st were paid a dividend of $1.41 per share. This represents a $5.64 annualized dividend and a yield of 1.70%. The ex-dividend date was Tuesday, January 21st. Caterpillar’s dividend payout ratio is currently 25.56%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Truist Financial reduced their price objective on shares of Caterpillar from $455.00 to $438.00 and set a “buy” rating on the stock in a research report on Monday, February 3rd. Evercore ISI boosted their price objective on shares of Caterpillar from $365.00 to $375.00 and gave the company an “in-line” rating in a research report on Wednesday, February 19th. Citigroup boosted their price objective on shares of Caterpillar from $420.00 to $430.00 and gave the company a “buy” rating in a research report on Friday, January 31st. StockNews.com downgraded shares of Caterpillar from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Caterpillar from $515.00 to $490.00 and set an “overweight” rating on the stock in a research report on Friday, January 31st. Two equities research analysts have 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, Caterpillar presently has an average rating of “Hold” and a consensus price target of $383.80.

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.