Tyche Wealth Partners LLC Has $2.63 Million Stock Holdings in Caterpillar Inc. (NYSE:CAT)

Tyche Wealth Partners LLC lifted its position in Caterpillar Inc. (NYSE:CAT) by 3.6% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 7,237 shares of the industrial products company’s stock after purchasing an additional 254 shares during the period. Tyche Wealth Partners LLC’s holdings in Caterpillar were worth $2,625,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Syntegra Private Wealth Group LLC acquired a new stake in shares of Caterpillar in the fourth quarter worth $338,000. Nvwm LLC raised its stake in Caterpillar by 24.8% during the 4th quarter. Nvwm LLC now owns 3,429 shares of the industrial products company’s stock valued at $1,244,000 after purchasing an additional 682 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in Caterpillar by 15.0% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 68,629 shares of the industrial products company’s stock valued at $25,005,000 after purchasing an additional 8,931 shares during the last quarter. Jericho Financial LLP acquired a new position in Caterpillar during the 4th quarter valued at $4,498,000. Finally, Weaver Capital Management LLC raised its stake in Caterpillar by 46.9% during the 4th quarter. Weaver Capital Management LLC now owns 8,831 shares of the industrial products company’s stock valued at $3,203,000 after purchasing an additional 2,819 shares during the last quarter. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on CAT shares. Citigroup upped their target price on shares of Caterpillar from $420.00 to $430.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Bank of America cut their target price on shares of Caterpillar from $452.00 to $414.00 and set a “buy” rating for the company in a research note on Friday, January 31st. StockNews.com lowered shares of Caterpillar from a “buy” rating to a “hold” rating in a report on Friday, January 17th. Jefferies Financial Group boosted their price target on shares of Caterpillar from $455.00 to $475.00 and gave the company a “buy” rating in a report on Friday, December 6th. Finally, Robert W. Baird boosted their price target on shares of Caterpillar from $299.00 to $300.00 and gave the company an “underperform” rating in a report on Thursday, October 31st. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $379.50.

Insider Buying and Selling

In other Caterpillar news, insider Anthony D. Fassino sold 6,279 shares of Caterpillar stock in a transaction on Friday, November 29th. The shares were sold at an average price of $408.59, for a total transaction of $2,565,536.61. Following the completion of the sale, the insider now 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gerald Johnson bought 100 shares of the company’s stock in a transaction on Wednesday, December 4th. The shares were acquired at an average price of $398.57 per share, with a total value of $39,857.00. Following the transaction, the director now directly owns 2,953 shares in the company, valued at approximately $1,176,977.21. The trade was a 3.51 % increase in their position. The disclosure for this purchase can be found here. 0.29% of the stock is owned by corporate insiders.

Caterpillar Stock Down 0.8 %

CAT opened at $359.04 on Thursday. The firm’s 50-day simple moving average is $379.09 and its 200-day simple moving average is $371.31. The firm has a market cap of $173.35 billion, a price-to-earnings ratio of 16.27, a PEG ratio of 1.95 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 Inc. has a twelve month low of $307.05 and a twelve month high of $418.50.

Caterpillar (NYSE:CAT) last issued its quarterly earnings results on Thursday, January 30th. The industrial products company reported $5.14 earnings per share (EPS) for the quarter, topping 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%. Equities research analysts anticipate that Caterpillar Inc. will post 21.45 EPS for the current fiscal year.

Caterpillar Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Tuesday, January 21st will be given a dividend of $1.41 per share. The ex-dividend date is Tuesday, January 21st. This represents a $5.64 annualized dividend and a yield of 1.57%. Caterpillar’s dividend payout ratio (DPR) is 25.56%.

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.