Iron Gate Global Advisors LLC Acquires 1,000 Shares of Caterpillar Inc. (NYSE:CAT)

Iron Gate Global Advisors LLC grew its position in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 30.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,338 shares of the industrial products company's stock after buying an additional 1,000 shares during the quarter. Iron Gate Global Advisors LLC's holdings in Caterpillar were worth $1,577,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Stonehaven Wealth & Tax Solutions LLC bought a new stake in Caterpillar during the 4th quarter worth approximately $228,000. Finer Wealth Management Inc. boosted its stake in Caterpillar by 0.9% in the fourth quarter. Finer Wealth Management Inc. now owns 9,429 shares of the industrial products company's stock worth $3,420,000 after purchasing an additional 86 shares in the last quarter. Stenger Family Office LLC bought a new stake in shares of Caterpillar during the fourth quarter worth $1,769,000. Lifelong Wealth Advisors Inc. acquired a new stake in shares of Caterpillar in the fourth quarter valued at $210,000. Finally, Master S Wealth Management Inc. bought a new position in shares of Caterpillar in the fourth quarter valued at about $352,000. Institutional investors and hedge funds own 70.98% of the company's stock.

Insider Activity

In related news, Director Gerald Johnson acquired 100 shares of the stock in a transaction dated Tuesday, February 4th. The stock was bought 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 of the company's stock, valued at approximately $1,116,085.21. The trade was a 3.39 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jason Kaiser sold 2,425 shares of the business's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $354.70, for a total transaction of $860,147.50. Following the completion of the sale, the insider now directly owns 6,275 shares in the company, 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 company insiders.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Truist Financial dropped their target price on shares of Caterpillar from $438.00 to $389.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. JPMorgan Chase & Co. dropped their price objective on shares of Caterpillar from $490.00 to $380.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. Wedbush upgraded Caterpillar to an "outperform" rating in a research report on Monday, February 3rd. StockNews.com downgraded Caterpillar from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Finally, Citigroup decreased their price target on Caterpillar from $430.00 to $320.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $361.64.

Caterpillar Trading Up 1.3 %

Shares of CAT stock traded up $3.68 on Friday, reaching $293.82. The company had a trading volume of 2,716,340 shares, compared to its average volume of 2,637,934. The company has a 50-day moving average of $327.08 and a 200-day moving average of $363.77. Caterpillar Inc. has a 12 month low of $267.30 and a 12 month high of $418.50. The stock has a market cap of $140.42 billion, a PE ratio of 13.31, a PEG ratio of 1.87 and a beta of 1.21. The company has a current ratio of 1.42, a quick ratio of 0.89 and a debt-to-equity ratio of 1.40.

Caterpillar (NYSE:CAT - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The industrial products company reported $5.14 earnings per share for the quarter, topping analysts' consensus estimates of $4.97 by $0.17. Caterpillar had a net margin of 16.65% and a return on equity of 58.18%. On average, equities analysts forecast that Caterpillar Inc. will post 19.86 earnings per share for the current year.

Caterpillar Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 20th. Stockholders of record on Monday, April 21st will be given a dividend of $1.41 per share. This represents a $5.64 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date of this dividend is Monday, April 21st. Caterpillar's dividend payout ratio is currently 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.