Petros Family Wealth LLC Invests $399,000 in Caterpillar Inc. (NYSE:CAT)

Petros Family Wealth LLC acquired a new stake in shares of Caterpillar Inc. (NYSE:CAT - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,100 shares of the industrial products company's stock, valued at approximately $399,000.

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

Analyst Ratings Changes

Several research analysts recently weighed in on CAT shares. Evercore ISI upped their price objective on shares of Caterpillar from $365.00 to $375.00 and gave the stock an "in-line" rating in a research report on Wednesday, February 19th. Raymond James upgraded shares of Caterpillar from a "market perform" rating to an "outperform" rating in a research report on Monday, February 3rd. Bank of America reduced their target price on Caterpillar from $452.00 to $414.00 and set a "buy" rating on the stock in a research note on Friday, January 31st. Wedbush raised Caterpillar to an "outperform" rating in a research note on Monday, February 3rd. Finally, DA Davidson upped their price objective on Caterpillar from $350.00 to $357.00 and gave the stock a "neutral" rating in a report on Tuesday, February 4th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $365.87.

Remove Ads

Insiders Place Their Bets

In other news, CFO Andrew R. J. Bonfield sold 10,000 shares of the company's stock in a transaction on 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 completion of the sale, the chief financial officer now directly owns 45,182 shares in the company, valued at $17,173,226.38. This represents a 18.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Jason Kaiser sold 2,425 shares of Caterpillar stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $354.70, for a total value of $860,147.50. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.29% of the company's stock.

Caterpillar Trading Up 1.6 %

Shares of CAT traded up $4.62 during trading hours on Monday, reaching $298.07. 2,758,378 shares of the company traded hands, compared to its average volume of 2,628,738. Caterpillar Inc. has a 12 month low of $267.30 and a 12 month high of $418.50. The company has a market capitalization of $142.46 billion, a price-to-earnings ratio of 13.51, a price-to-earnings-growth ratio of 1.87 and a beta of 1.21. The company's fifty day moving average price is $333.97 and its two-hundred day moving average price is $367.00. 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 (NYSE:CAT - Get Free Report) last released 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 return on equity of 58.18% and a net margin of 16.65%. Equities research analysts predict that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal year.

Caterpillar Dividend Announcement

The company also recently disclosed 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. This represents a $5.64 annualized dividend and a dividend yield of 1.89%. The ex-dividend date of this dividend is Monday, April 21st. Caterpillar's payout ratio is currently 25.56%.

About Caterpillar

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.