Caterpillar Inc. (NYSE:CAT) Shares Purchased by Integrated Wealth Concepts LLC

Integrated Wealth Concepts LLC grew its stake in Caterpillar Inc. (NYSE:CAT - Free Report) by 18.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,224 shares of the industrial products company's stock after acquiring an additional 2,784 shares during the quarter. Integrated Wealth Concepts LLC's holdings in Caterpillar were worth $6,611,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Nordea Investment Management AB grew its stake in shares of Caterpillar by 1.6% in the 4th quarter. Nordea Investment Management AB now owns 635,750 shares of the industrial products company's stock valued at $231,686,000 after buying an additional 10,212 shares during the period. West Wealth Group LLC acquired a new position in Caterpillar in the fourth quarter valued at approximately $230,000. Cadinha & Co. LLC acquired a new stake in Caterpillar during the fourth quarter worth $11,084,000. Atomi Financial Group Inc. raised 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 during the period. Finally, Copley Financial Group Inc. acquired a new position in shares of Caterpillar in the 3rd quarter valued at $800,000. Hedge funds and other institutional investors own 70.98% of the company's stock.

Caterpillar Stock Up 0.2 %

Caterpillar stock traded up $0.51 during trading on Monday, reaching $306.96. The stock had a trading volume of 2,189,607 shares, compared to its average volume of 2,620,106. The company has a quick ratio of 0.89, a current ratio of 1.42 and a debt-to-equity ratio of 1.40. Caterpillar Inc. has a 52-week low of $267.30 and a 52-week high of $418.50. The stock has a market cap of $146.71 billion, a PE ratio of 13.91, a P/E/G ratio of 1.87 and a beta of 1.21. The business has a 50 day moving average price of $320.49 and a 200 day moving average price of $359.48.

Caterpillar (NYSE:CAT - Get Free Report) last issued its earnings results 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 net margin of 16.65% and a return on equity of 58.18%. On average, analysts predict that Caterpillar Inc. will post 19.86 EPS for the current year.

Caterpillar Dividend Announcement

The firm also recently announced 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 annualized dividend and a dividend yield of 1.84%. The ex-dividend date is Monday, April 21st. Caterpillar's dividend payout ratio (DPR) is presently 25.56%.

Insider Buying and Selling

In related news, Director Gerald Johnson acquired 100 shares of the firm's stock in a transaction on Tuesday, February 4th. The stock was bought at an average price of $365.57 per share, for a total transaction of $36,557.00. Following the completion of the purchase, 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 position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Jason Kaiser sold 2,425 shares of Caterpillar stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $354.70, for a total value of $860,147.50. Following the sale, the insider now owns 6,275 shares in the company, valued at $2,225,742.50. This trade represents a 27.87 % decrease in their position. The disclosure for this sale can be found here. 0.29% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages recently issued reports on CAT. Truist Financial cut their price objective on Caterpillar from $438.00 to $389.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. UBS Group raised shares of Caterpillar from a "sell" rating to a "neutral" rating and boosted their price target for the company from $355.00 to $385.00 in a research note on Monday, February 3rd. JPMorgan Chase & Co. lowered 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. StockNews.com lowered Caterpillar from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Finally, Raymond James raised Caterpillar from a "market perform" rating to an "outperform" rating in a research note on Monday, February 3rd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $361.75.

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.