Caterpillar Inc. (NYSE:CAT) Shares Purchased by RWA Wealth Partners LLC

RWA Wealth Partners LLC grew its position in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 125.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,151 shares of the industrial products company's stock after purchasing an additional 36,789 shares during the period. RWA Wealth Partners LLC's holdings in Caterpillar were worth $23,997,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Flagship Wealth Advisors LLC purchased a new stake in shares of Caterpillar during the 4th quarter valued at $26,000. Halbert Hargrove Global Advisors LLC purchased a new stake in shares of Caterpillar during the fourth quarter valued at approximately $27,000. Cyrus J. Lawrence LLC bought a new stake in shares of Caterpillar during the 4th quarter valued at about $27,000. Noble Wealth Management PBC bought a new stake in Caterpillar during the 4th quarter valued at approximately $31,000. Finally, Retirement Wealth Solutions LLC purchased a new position in shares of Caterpillar in the 4th quarter valued at approximately $34,000. 70.98% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on CAT shares. Citigroup increased their price objective on Caterpillar from $420.00 to $430.00 and gave the stock a "buy" rating in a report on Friday, January 31st. JPMorgan Chase & Co. dropped their price target on Caterpillar from $515.00 to $490.00 and set an "overweight" rating on the stock in a research report on Friday, January 31st. Bank of America dropped their price target on shares of Caterpillar from $452.00 to $414.00 and set a "buy" rating on the stock in a research note on Friday, January 31st. Truist Financial cut their target price on Caterpillar from $455.00 to $438.00 and set a "buy" rating on the stock in a research note on Monday, February 3rd. Finally, Wedbush raised Caterpillar to an "outperform" rating in a report on Monday, February 3rd. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $383.80.

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Caterpillar Stock Performance

Shares of CAT stock traded down $22.24 during trading hours on Thursday, reaching $312.42. 1,898,379 shares of the company traded hands, compared to its average volume of 2,536,902. The firm has a 50-day moving average price of $351.26 and a 200 day moving average price of $372.07. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.42 and a quick ratio of 0.89. The company has a market cap of $149.32 billion, a P/E ratio of 14.16, a P/E/G ratio of 1.87 and a beta of 1.15. Caterpillar Inc. has a 12-month low of $307.05 and a 12-month high of $418.50.

Caterpillar (NYSE:CAT - Get Free Report) last posted its quarterly 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%. As a group, sell-side analysts predict that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal year.

Insider Transactions at Caterpillar

In related news, Director Gerald Johnson acquired 100 shares of the firm's stock in a transaction that occurred on Tuesday, February 4th. The stock was purchased at an average cost of $365.57 per share, with a total value of $36,557.00. Following the transaction, the director now directly owns 3,053 shares of the company's stock, valued at $1,116,085.21. This trade represents a 3.39 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the business's stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $380.09, for a total transaction of $3,800,900.00. Following the transaction, the chief financial officer now owns 45,182 shares in the company, valued at $17,173,226.38. The trade was a 18.12 % 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 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.