Martel Wealth Advisors Inc Buys New Shares in Caterpillar Inc. (NYSE:CAT)

Martel Wealth Advisors Inc purchased a new position in shares of Caterpillar Inc. (NYSE:CAT - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 3,000 shares of the industrial products company's stock, valued at approximately $1,088,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Seven Eight Capital LP purchased a new position in shares of Caterpillar in the 2nd quarter valued at $523,000. Pacer Advisors Inc. lifted its position in shares of Caterpillar by 7.7% during the second quarter. Pacer Advisors Inc. now owns 45,106 shares of the industrial products company's stock valued at $15,025,000 after buying an additional 3,211 shares during the last quarter. Sei Investments Co. grew its position in shares of Caterpillar by 3.4% in the 2nd quarter. Sei Investments Co. now owns 118,189 shares of the industrial products company's stock worth $39,372,000 after buying an additional 3,852 shares during the last quarter. Fairscale Capital LLC bought a new position in shares of Caterpillar during the 2nd quarter worth approximately $36,000. Finally, Altshuler Shaham Ltd boosted its stake in Caterpillar by 3,319.7% in the second quarter. Altshuler Shaham Ltd now owns 275,011 shares of the industrial products company's stock valued at $91,606,000 after acquiring an additional 266,969 shares in the last quarter. 70.98% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Caterpillar

In other news, insider Lange Bob De sold 12,657 shares of the company's stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $410.25, for a total value of $5,192,534.25. Following the transaction, the insider now owns 71,107 shares in the company, valued at $29,171,646.75. This represents a 15.11 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Cheryl H. Johnson sold 2,664 shares of the business's stock in a transaction on Monday, November 4th. The shares were sold at an average price of $378.84, for a total transaction of $1,009,229.76. Following the transaction, the insider now owns 12,951 shares in the company, valued at approximately $4,906,356.84. This represents a 17.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 33,868 shares of company stock valued at $13,480,389 in the last ninety days. Insiders own 0.29% of the company's stock.

Caterpillar Stock Performance

NYSE:CAT traded up $12.65 during trading hours on Tuesday, reaching $398.67. 3,142,358 shares of the company's stock were exchanged, compared to its average volume of 2,148,470. The company has a 50-day moving average of $379.88 and a 200 day moving average of $367.68. Caterpillar Inc. has a 1-year low of $286.10 and a 1-year high of $418.50. The firm has a market capitalization of $192.48 billion, a price-to-earnings ratio of 18.48, a P/E/G ratio of 1.91 and a beta of 1.13. The company has a quick ratio of 0.86, a current ratio of 1.40 and a debt-to-equity ratio of 1.33.

Caterpillar (NYSE:CAT - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $5.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.33 by ($0.16). Caterpillar had a return on equity of 59.09% and a net margin of 16.26%. The firm had revenue of $16.11 billion for the quarter, compared to analyst estimates of $16.37 billion. During the same period last year, the firm earned $5.52 EPS. The company's quarterly revenue was down 4.2% compared to the same quarter last year. Research analysts anticipate that Caterpillar Inc. will post 21.69 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 dividend of $1.41 per share. The ex-dividend date of this dividend is Tuesday, January 21st. This represents a $5.64 dividend on an annualized basis and a dividend yield of 1.41%. Caterpillar's payout ratio is currently 26.15%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on CAT. UBS Group boosted their target price on Caterpillar from $285.00 to $295.00 and gave the stock a "sell" rating in a research note on Monday, November 4th. StockNews.com lowered shares of Caterpillar from a "buy" rating to a "hold" rating in a research report on Friday. Citigroup dropped their target price on shares of Caterpillar from $460.00 to $420.00 and set a "buy" rating on the stock in a research report on Tuesday, January 14th. Bank of America raised their price target on shares of Caterpillar from $376.00 to $434.00 and gave the stock a "buy" rating in a report on Monday, September 30th. Finally, Truist Financial cut their target price on Caterpillar from $471.00 to $455.00 and set a "buy" rating on the stock in a research report on Thursday, January 16th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $380.60.

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.