WealthPLAN Partners LLC Has $462,000 Stake in Caterpillar Inc. (NYSE:CAT)

WealthPLAN Partners LLC boosted its holdings in Caterpillar Inc. (NYSE:CAT) by 9.9% in the fourth quarter, Holdings Channel reports. The firm owned 1,274 shares of the industrial products company’s stock after purchasing an additional 115 shares during the quarter. WealthPLAN Partners LLC’s holdings in Caterpillar were worth $462,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Nordea Investment Management AB grew its position in Caterpillar by 1.6% in the fourth quarter. Nordea Investment Management AB now owns 635,750 shares of the industrial products company’s stock valued at $231,686,000 after purchasing an additional 10,212 shares in the last quarter. West Wealth Group LLC bought a new position in Caterpillar in the fourth quarter valued at $230,000. Citizens Financial Group Inc. RI grew its position in Caterpillar by 43.0% in the third quarter. Citizens Financial Group Inc. RI now owns 13,902 shares of the industrial products company’s stock valued at $5,437,000 after purchasing an additional 4,181 shares in the last quarter. Cadinha & Co. LLC bought a new position in Caterpillar in the fourth quarter valued at $11,084,000. Finally, Atomi Financial Group Inc. grew its position in Caterpillar by 3.9% in the fourth quarter. Atomi Financial Group Inc. now owns 23,193 shares of the industrial products company’s stock valued at $8,414,000 after purchasing an additional 871 shares in the last quarter. Institutional investors own 70.98% of the company’s stock.

Analyst Ratings Changes

CAT has been the subject of a number of analyst reports. Jefferies Financial Group lifted their price objective on shares of Caterpillar from $455.00 to $475.00 and gave the company a “buy” rating in a research report on Friday, December 6th. StockNews.com raised shares of Caterpillar from a “hold” rating to a “buy” rating in a research report on Tuesday, February 11th. Robert W. Baird lifted their price objective on shares of Caterpillar from $299.00 to $300.00 and gave the company an “underperform” rating in a research report on Thursday, October 31st. Truist Financial decreased their price objective on shares of Caterpillar from $455.00 to $438.00 and set a “buy” rating for the company in a research report on Monday, February 3rd. Finally, Citigroup lifted 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. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $383.13.

Insider Activity

In other news, insider Anthony D. Fassino sold 6,279 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $408.59, for a total value of $2,565,536.61. Following the completion of the transaction, the insider now directly owns 33,565 shares in the company, valued at approximately $13,714,323.35. The trade was a 15.76 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gerald Johnson bought 100 shares of the company’s stock in a transaction dated Tuesday, February 4th. The stock was purchased at an average price of $365.57 per share, with a total value of $36,557.00. Following the completion of the transaction, the director now directly owns 3,053 shares in the company, valued at approximately $1,116,085.21. This represents a 3.39 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.29% of the company’s stock.

Caterpillar Price Performance

Shares of Caterpillar stock opened at $353.31 on Friday. Caterpillar Inc. has a twelve month low of $307.05 and a twelve month high of $418.50. The company has a quick ratio of 0.89, a current ratio of 1.42 and a debt-to-equity ratio of 1.40. The company has a 50-day simple moving average of $372.47 and a two-hundred day simple moving average of $371.96. The stock has a market capitalization of $170.58 billion, a price-to-earnings ratio of 16.01, a price-to-earnings-growth ratio of 1.94 and a beta of 1.12.

Caterpillar (NYSE:CAT) last issued its quarterly earnings data on Thursday, January 30th. The industrial products company reported $5.14 earnings per share 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%. Analysts forecast that Caterpillar Inc. will post 20.05 EPS for the current year.

Caterpillar Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Tuesday, January 21st will be given a $1.41 dividend. This represents a $5.64 annualized dividend and a dividend yield of 1.60%. The ex-dividend date of this dividend is Tuesday, January 21st. Caterpillar’s payout ratio is presently 25.56%.

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.