Waterway Wealth Management LLC Increases Position in Caterpillar Inc. (NYSE:CAT)

Waterway Wealth Management LLC boosted its position in Caterpillar Inc. (NYSE:CAT) by 9.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,787 shares of the industrial products company’s stock after acquiring an additional 151 shares during the period. Waterway Wealth Management LLC’s holdings in Caterpillar were worth $648,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Private Trust Co. NA lifted its position in Caterpillar by 5.3% during the fourth quarter. Private Trust Co. NA now owns 8,453 shares of the industrial products company’s stock worth $3,066,000 after buying an additional 422 shares during the period. Pettyjohn Wood & White Inc. boosted its holdings in shares of Caterpillar by 46.9% in the 4th quarter. Pettyjohn Wood & White Inc. now owns 1,565 shares of the industrial products company’s stock valued at $568,000 after purchasing an additional 500 shares during the last quarter. Argyle Capital Management LLC grew its stake in shares of Caterpillar by 0.3% during the 4th quarter. Argyle Capital Management LLC now owns 11,559 shares of the industrial products company’s stock valued at $4,193,000 after buying an additional 40 shares during the period. Parkside Financial Bank & Trust increased its holdings in shares of Caterpillar by 2.5% during the 4th quarter. Parkside Financial Bank & Trust now owns 5,972 shares of the industrial products company’s stock worth $2,166,000 after buying an additional 144 shares during the last quarter. Finally, Fusion Capital LLC raised its holdings in shares of Caterpillar by 0.4% in the 4th quarter. Fusion Capital LLC now owns 23,322 shares of the industrial products company’s stock worth $8,460,000 after purchasing an additional 97 shares during the period. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Caterpillar Trading Down 0.6 %

NYSE CAT opened at $340.68 on Friday. The company’s fifty day moving average price is $366.43 and its two-hundred day moving average price is $372.66. The company has a market capitalization of $162.82 billion, a price-to-earnings ratio of 15.44, a price-to-earnings-growth ratio of 1.87 and a beta of 1.12. Caterpillar Inc. has a 12 month low of $307.05 and a 12 month high of $418.50. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.42 and a quick ratio of 0.89.

Caterpillar (NYSE:CAT) last posted its quarterly earnings results on Thursday, January 30th. The industrial products company reported $5.14 EPS for the quarter, topping 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%. As a group, research analysts predict that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal year.

Caterpillar Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Investors 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 1.66%. The ex-dividend date was Tuesday, January 21st. Caterpillar’s dividend payout ratio (DPR) is presently 25.56%.

Insiders Place Their Bets

In other Caterpillar news, Director Gerald Johnson purchased 100 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The shares were purchased at an average cost of $398.57 per share, with a total value of $39,857.00. Following the completion of the transaction, the director now owns 2,953 shares of the company’s stock, valued at approximately $1,176,977.21. This represents a 3.51 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Jason Kaiser sold 2,425 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $354.70, for a total value of $860,147.50. Following the completion of the sale, the insider now directly owns 6,275 shares of the company’s stock, valued at $2,225,742.50. This represents a 27.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.29% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

CAT has been the subject of a number of research analyst reports. Bank of America dropped their target price on shares of Caterpillar from $452.00 to $414.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Wedbush raised shares of Caterpillar to an “outperform” rating in a research report on Monday, February 3rd. Jefferies Financial Group upped their price target 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. lowered their price target on Caterpillar from $515.00 to $490.00 and set an “overweight” rating for the company in a report on Friday, January 31st. Finally, Truist Financial decreased their target price on Caterpillar from $455.00 to $438.00 and set a “buy” rating for the company in a research report on Monday, February 3rd. Two 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 stock. According to MarketBeat.com, Caterpillar currently has a consensus rating of “Hold” and an average price target of $383.80.

Caterpillar 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.