Ibex Wealth Advisors Buys 8,959 Shares of Caterpillar Inc. (NYSE:CAT)

Ibex Wealth Advisors grew its position in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 894.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,961 shares of the industrial products company's stock after purchasing an additional 8,959 shares during the quarter. Ibex Wealth Advisors' holdings in Caterpillar were worth $3,613,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP bought a new stake in shares of Caterpillar in the 3rd quarter valued at $36,000. Retirement Wealth Solutions LLC bought a new stake in shares of Caterpillar in the 4th quarter valued at $34,000. Kimelman & Baird LLC increased its stake in shares of Caterpillar by 42.9% in the 3rd quarter. Kimelman & Baird LLC now owns 100 shares of the industrial products company's stock valued at $39,000 after acquiring an additional 30 shares in the last quarter. Albion Financial Group UT increased its stake in shares of Caterpillar by 334.8% in 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. Finally, Trivant Custom Portfolio Group LLC increased its stake in shares of Caterpillar by 130.0% in the 4th quarter. Trivant Custom Portfolio Group LLC now owns 115 shares of the industrial products company's stock valued at $42,000 after acquiring an additional 65 shares in the last quarter. Institutional investors own 70.98% of the company's stock.

Analyst Ratings Changes

Several analysts recently issued reports on CAT shares. Truist Financial reduced their price target on shares of Caterpillar from $471.00 to $455.00 and set a "buy" rating for the company in a research report on Thursday, January 16th. Evercore ISI raised shares of Caterpillar from an "underperform" rating to an "in-line" rating and set a $365.00 price target for the company in a research report on Monday, January 13th. Citigroup reduced their price target on shares of Caterpillar from $460.00 to $420.00 and set a "buy" rating for the company in a research report on Tuesday, January 14th. JPMorgan Chase & Co. lifted their price target on shares of Caterpillar from $500.00 to $515.00 and gave the company an "overweight" rating in a research report on Monday, December 9th. Finally, Morgan Stanley downgraded shares of Caterpillar from an "equal weight" rating to an "underweight" rating and reduced their price target for the company from $349.00 to $332.00 in a research report on Monday, October 14th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $384.60.

Caterpillar Stock Down 4.4 %

CAT traded down $17.25 during trading on Thursday, reaching $375.98. The stock had a trading volume of 4,233,073 shares, compared to its average volume of 2,313,989. The stock's 50 day moving average is $381.68 and its two-hundred day moving average is $370.78. The company has a current ratio of 1.40, a quick ratio of 0.86 and a debt-to-equity ratio of 1.33. The company has a market capitalization of $181.52 billion, a price-to-earnings ratio of 17.43, a P/E/G ratio of 1.97 and a beta of 1.13. Caterpillar Inc. has a one year low of $299.93 and a one year high of $418.50.

Caterpillar (NYSE:CAT - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The industrial products company reported $5.14 earnings per share for the quarter, beating the consensus estimate of $4.97 by $0.17. Caterpillar had a return on equity of 59.09% and a net margin of 16.26%. As a group, analysts expect that Caterpillar Inc. will post 21.69 earnings per share for the current year.

Caterpillar Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Tuesday, January 21st will be issued a dividend of $1.41 per share. The ex-dividend date is Tuesday, January 21st. This represents a $5.64 annualized dividend and a dividend yield of 1.50%. Caterpillar's payout ratio is presently 26.15%.

Insider Activity

In other Caterpillar news, Director Gerald Johnson acquired 100 shares of the company's stock in a transaction that occurred on Wednesday, December 4th. The shares were bought at an average cost of $398.57 per share, with a total value of $39,857.00. Following the completion of the transaction, the director now directly owns 2,953 shares of the company's stock, valued at approximately $1,176,977.21. This represents a 3.51 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO William E. Schaupp sold 968 shares of the stock in a transaction on Friday, November 1st. The shares were sold at an average price of $380.98, for a total value of $368,788.64. Following the sale, the chief accounting officer now directly owns 1,686 shares in the company, valued at $642,332.28. This trade represents a 36.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 33,868 shares of company stock worth $13,480,389 over the last three months. 0.29% of the stock is currently owned by corporate insiders.

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.