Marks Group Wealth Management Inc Purchases 86 Shares of Caterpillar Inc. (NYSE:CAT)

Marks Group Wealth Management Inc boosted its position in shares of Caterpillar Inc. (NYSE:CAT) by 4.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,234 shares of the industrial products company’s stock after acquiring an additional 86 shares during the quarter. Marks Group Wealth Management Inc’s holdings in Caterpillar were worth $661,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Gilfoyle & Co LLC bought a new position in shares of Caterpillar in the 4th quarter worth approximately $30,000. Fortitude Family Office LLC purchased a new stake in shares of Caterpillar during the fourth quarter worth about $39,000. Authentikos Wealth Advisory LLC bought a new stake in Caterpillar during the 3rd quarter valued at approximately $41,000. Rational Advisors LLC purchased a new position in Caterpillar in the 3rd quarter worth approximately $42,000. Finally, Milestone Investment Advisors LLC bought a new position in Caterpillar in the 3rd quarter worth approximately $44,000. Institutional investors own 70.98% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on CAT shares. Evercore ISI downgraded shares of Caterpillar from an “outperform” rating to an “in-line” rating and boosted their target price for the stock from $321.00 to $338.00 in a report on Tuesday, February 20th. Truist Financial assumed coverage on Caterpillar in a research report on Thursday, March 14th. They set a “buy” rating and a $390.00 price objective for the company. TD Cowen boosted their target price on Caterpillar from $300.00 to $338.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 6th. Oppenheimer restated a “market perform” rating on shares of Caterpillar in a report on Thursday, April 18th. Finally, Morgan Stanley initiated coverage on Caterpillar in a report on Monday, January 8th. They set an “equal weight” rating and a $270.00 price objective on the stock. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $307.56.

Caterpillar Trading Up 1.9 %

Shares of CAT stock traded up $6.81 during trading hours on Tuesday, reaching $364.42. 1,120,192 shares of the stock were exchanged, compared to its average volume of 2,419,193. The company has a current ratio of 1.35, a quick ratio of 0.87 and a debt-to-equity ratio of 1.25. Caterpillar Inc. has a 12-month low of $204.04 and a 12-month high of $382.01. The firm has a market capitalization of $181.99 billion, a price-to-earnings ratio of 17.76, a price-to-earnings-growth ratio of 1.57 and a beta of 1.17. The company’s 50-day moving average price is $347.42 and its 200-day moving average price is $298.90.

Caterpillar (NYSE:CAT) last released its earnings results on Monday, February 5th. The industrial products company reported $5.23 EPS for the quarter, beating analysts’ consensus estimates of $4.76 by $0.47. Caterpillar had a return on equity of 56.99% and a net margin of 15.41%. The firm had revenue of $17.07 billion for the quarter, compared to analysts’ expectations of $17.06 billion. During the same quarter in the prior year, the firm posted $3.86 earnings per share. The company’s quarterly revenue was up 2.8% on a year-over-year basis. As a group, equities analysts anticipate that Caterpillar Inc. will post 21.41 earnings per share for the current year.

Caterpillar Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 20th. Stockholders of record on Monday, April 22nd will be given a dividend of $1.30 per share. The ex-dividend date is Friday, April 19th. This represents a $5.20 annualized dividend and a dividend yield of 1.43%. Caterpillar’s dividend payout ratio (DPR) is 25.82%.

Insider Activity

In other news, CFO Andrew R. J. Bonfield sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 25th. The shares were sold at an average price of $300.04, for a total transaction of $3,000,400.00. Following the transaction, the chief financial officer now directly owns 67,317 shares of the company’s stock, valued at $20,197,792.68. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Caterpillar news, CFO Andrew R. J. Bonfield sold 10,000 shares of the company’s stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $300.04, for a total value of $3,000,400.00. Following the completion of the sale, the chief financial officer now directly owns 67,317 shares in the company, valued at approximately $20,197,792.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Lange Bob De sold 21,194 shares of the business’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $325.52, for a total transaction of $6,899,070.88. Following the completion of the sale, the insider now owns 61,092 shares of the company’s stock, valued at approximately $19,886,667.84. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 45,769 shares of company stock valued at $14,509,306. 0.33% of the stock is currently owned by company insiders.

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.