Stenger Family Office LLC Acquires Shares of 4,876 Caterpillar Inc. (NYSE:CAT)

Stenger Family Office LLC bought a new stake in Caterpillar Inc. (NYSE:CAT - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 4,876 shares of the industrial products company's stock, valued at approximately $1,769,000.

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

Insider Transactions at Caterpillar

In other Caterpillar news, Director Gerald Johnson purchased 100 shares of the firm's stock in a transaction on Tuesday, February 4th. The stock was bought at an average cost of $365.57 per share, for a total transaction of $36,557.00. Following the completion of the purchase, the director now owns 3,053 shares in the company, valued at $1,116,085.21. This represents a 3.39 % increase in their position. The purchase 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 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. The trade was a 27.87 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.29% of the company's stock.

Caterpillar Stock Up 1.3 %

Shares of CAT traded up $3.68 during mid-day trading on Friday, hitting $293.82. The company's stock had a trading volume of 2,716,340 shares, compared to its average volume of 2,637,934. The firm has a market capitalization of $140.42 billion, a price-to-earnings ratio of 13.31, a PEG ratio of 1.87 and a beta of 1.21. The company's 50-day moving average is $327.08 and its 200-day moving average is $363.58. The company has a current ratio of 1.42, a quick ratio of 0.89 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.

Caterpillar (NYSE:CAT - Get Free Report) last announced its earnings results on Thursday, January 30th. The industrial products company reported $5.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.97 by $0.17. Caterpillar had a return on equity of 58.18% and a net margin of 16.65%. On average, equities research analysts forecast that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

Caterpillar Announces Dividend

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

Analyst Ratings Changes

Several research analysts have commented on CAT shares. UBS Group raised shares of Caterpillar from a "sell" rating to a "neutral" rating and lifted their price objective for the stock from $355.00 to $385.00 in a research note on Monday, February 3rd. Truist Financial dropped their price target on shares of Caterpillar from $438.00 to $389.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. DA Davidson increased their price objective on shares of Caterpillar from $350.00 to $357.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 4th. Morgan Stanley upgraded Caterpillar from an "underweight" rating to an "equal weight" rating and dropped their target price for the company from $300.00 to $283.00 in a research report on Wednesday. Finally, Wedbush raised Caterpillar to an "outperform" rating in a research note on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $361.64.

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.