NewSquare Capital LLC Buys 906 Shares of Caterpillar Inc. (NYSE:CAT)

NewSquare Capital LLC raised its holdings in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 5.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,622 shares of the industrial products company's stock after acquiring an additional 906 shares during the period. NewSquare Capital LLC's holdings in Caterpillar were worth $6,393,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in CAT. Halbert Hargrove Global Advisors LLC bought a new stake in Caterpillar during the 4th quarter valued at $27,000. Noble Wealth Management PBC bought a new stake in Caterpillar during the 4th quarter valued at $31,000. Retirement Wealth Solutions LLC bought a new stake in Caterpillar during the 4th quarter valued at $34,000. Capital Performance Advisors LLP bought a new stake in Caterpillar during the 3rd quarter valued at $36,000. Finally, Albion Financial Group UT raised its stake in Caterpillar by 334.8% during the 4th quarter. Albion Financial Group UT now owns 100 shares of the industrial products company's stock valued at $36,000 after acquiring an additional 77 shares in the last quarter. Institutional investors own 70.98% of the company's stock.

Insiders Place Their Bets

In other Caterpillar news, Director Gerald Johnson acquired 100 shares of the firm's stock in a transaction on Tuesday, February 4th. The stock was purchased at an average cost of $365.57 per share, for a total transaction of $36,557.00. Following the transaction, the director now owns 3,053 shares of the company's stock, valued at $1,116,085.21. The trade was a 3.39 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the firm's stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $380.09, for a total value of $3,800,900.00. Following the sale, the chief financial officer now directly owns 45,182 shares of the company's stock, valued at $17,173,226.38. This trade represents a 18.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.29% of the company's stock.

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Caterpillar Stock Up 2.9 %

Caterpillar stock traded up $9.96 during mid-day trading on Friday, hitting $350.97. The company's stock had a trading volume of 3,061,142 shares, compared to its average volume of 2,503,377. Caterpillar Inc. has a 52-week low of $307.05 and a 52-week high of $418.50. The company has a market cap of $167.74 billion, a PE ratio of 15.90, a price-to-earnings-growth ratio of 1.87 and a beta of 1.15. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.42 and a quick ratio of 0.89. The firm's 50 day moving average is $363.11 and its 200 day moving average is $372.57.

Caterpillar (NYSE:CAT - Get Free Report) last announced its quarterly earnings data 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%. On average, analysts anticipate that Caterpillar Inc. will post 19.86 earnings per share for the current year.

Caterpillar Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Tuesday, January 21st were given a dividend of $1.41 per share. The ex-dividend date was Tuesday, January 21st. This represents a $5.64 dividend on an annualized basis and a yield of 1.61%. Caterpillar's payout ratio is presently 25.56%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Citigroup lifted their price target on Caterpillar from $420.00 to $430.00 and gave the company a "buy" rating in a research report on Friday, January 31st. Evercore ISI lifted their price target on Caterpillar from $365.00 to $375.00 and gave the company an "in-line" rating in a research report on Wednesday, February 19th. UBS Group upgraded Caterpillar from a "sell" rating to a "neutral" rating and lifted their price target for the company from $355.00 to $385.00 in a research report on Monday, February 3rd. StockNews.com cut Caterpillar from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Finally, Wedbush upgraded Caterpillar to an "outperform" rating in a research report on Monday, February 3rd. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $383.80.

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.