Master S Wealth Management Inc. Makes New Investment in Caterpillar Inc. (NYSE:CAT)

Master S Wealth Management Inc. bought a new stake in shares of Caterpillar Inc. (NYSE:CAT - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 971 shares of the industrial products company's stock, valued at approximately $352,000. Caterpillar makes up about 0.2% of Master S Wealth Management Inc.'s investment portfolio, making the stock its 24th largest position.

Several other hedge funds and other institutional investors also recently made changes to their positions in CAT. Flagship Wealth Advisors LLC bought a new position in Caterpillar in the 4th quarter valued at approximately $26,000. Halbert Hargrove Global Advisors LLC purchased a new position in shares of Caterpillar during the fourth quarter valued at approximately $27,000. Cyrus J. Lawrence LLC bought a new stake in Caterpillar in the 4th quarter worth approximately $27,000. Noble Wealth Management PBC purchased a new stake in Caterpillar during the fourth quarter valued at $31,000. Finally, Retirement Wealth Solutions LLC bought a new position in Caterpillar in the fourth quarter valued at about $34,000. Hedge funds and other institutional investors own 70.98% of the company's stock.

Caterpillar Trading Up 1.3 %

Shares of Caterpillar stock traded up $3.68 during trading on Friday, hitting $293.82. The stock had a trading volume of 2,716,340 shares, compared to its average volume of 2,639,101. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.42 and a quick ratio of 0.89. 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 firm's fifty day simple moving average is $327.08 and its 200-day simple moving average is $363.98.

Caterpillar (NYSE:CAT - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The industrial products company reported $5.14 earnings per share (EPS) for the quarter, beating 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%. As a group, sell-side analysts expect that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

Caterpillar Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 20th. Investors of record on Monday, April 21st will be issued a $1.41 dividend. The ex-dividend date of this dividend is Monday, April 21st. This represents a $5.64 dividend on an annualized basis and a dividend yield of 1.92%. Caterpillar's payout ratio is 25.56%.

Insider Buying and Selling at Caterpillar

In other Caterpillar news, Director Gerald Johnson purchased 100 shares of the stock in a transaction dated Tuesday, February 4th. The stock was purchased at an average price of $365.57 per share, with a total value of $36,557.00. Following the transaction, the director now owns 3,053 shares of the company's stock, valued at approximately $1,116,085.21. This trade represents a 3.39 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jason Kaiser sold 2,425 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $354.70, for a total transaction of $860,147.50. Following the completion of the transaction, the insider now directly owns 6,275 shares of the company's stock, 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 currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on CAT. Truist Financial dropped their price objective on shares of Caterpillar from $438.00 to $389.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Raymond James raised Caterpillar from a "market perform" rating to an "outperform" rating in a report on Monday, February 3rd. Bank of America lowered their price target on shares of Caterpillar from $452.00 to $414.00 and set a "buy" rating on the stock in a report on Friday, January 31st. UBS Group raised shares of Caterpillar from a "sell" rating to a "neutral" rating and upped their target price for the stock from $355.00 to $385.00 in a report on Monday, February 3rd. Finally, DA Davidson upped their price target on Caterpillar from $350.00 to $357.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the company. According to MarketBeat, Caterpillar has a consensus rating of "Hold" and a consensus price target of $361.64.

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.