Trajan Wealth LLC Invests $4.78 Million in Caterpillar Inc. (NYSE:CAT)

Trajan Wealth LLC purchased a new position in Caterpillar Inc. (NYSE:CAT - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 13,167 shares of the industrial products company's stock, valued at approximately $4,776,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of CAT. Kayne Anderson Rudnick Investment Management LLC grew its position in Caterpillar by 117.6% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 346 shares of the industrial products company's stock worth $126,000 after acquiring an additional 187 shares in the last quarter. MML Investors Services LLC boosted its holdings in shares of Caterpillar by 1.0% in the 4th quarter. MML Investors Services LLC now owns 148,102 shares of the industrial products company's stock worth $53,725,000 after purchasing an additional 1,459 shares in the last quarter. MetLife Investment Management LLC increased its position in shares of Caterpillar by 1.3% during the 4th quarter. MetLife Investment Management LLC now owns 130,962 shares of the industrial products company's stock valued at $47,508,000 after purchasing an additional 1,640 shares during the last quarter. Ossiam raised its holdings in shares of Caterpillar by 1,133.7% during the 4th quarter. Ossiam now owns 4,688 shares of the industrial products company's stock valued at $1,701,000 after buying an additional 4,308 shares in the last quarter. Finally, Norinchukin Bank The lifted its position in Caterpillar by 3.9% in the 4th quarter. Norinchukin Bank The now owns 32,006 shares of the industrial products company's stock worth $11,610,000 after buying an additional 1,204 shares during the last quarter. Hedge funds and other institutional investors own 70.98% of the company's stock.

Insider Transactions at Caterpillar

In other Caterpillar news, Director Gerald Johnson acquired 100 shares of the business's stock in a transaction on Tuesday, February 4th. The shares were acquired at an average price of $365.57 per share, for a total transaction of $36,557.00. Following the completion of the acquisition, the director now owns 3,053 shares in the company, valued at $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 hyperlink. Also, insider Jason Kaiser sold 2,425 shares of Caterpillar stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $354.70, for a total transaction of $860,147.50. Following the transaction, the insider now owns 6,275 shares of the company's stock, valued at $2,225,742.50. The trade was a 27.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.29% of the company's stock.

Caterpillar Trading Up 3.8 %

CAT stock traded up $11.12 on Thursday, reaching $306.89. The company's stock had a trading volume of 2,873,592 shares, compared to its average volume of 2,643,390. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.89 and a current ratio of 1.42. The business has a fifty day simple moving average of $323.33 and a two-hundred day simple moving average of $361.84. The firm has a market cap of $146.67 billion, a PE ratio of 13.91, a PEG ratio of 1.87 and a beta of 1.21. Caterpillar Inc. has a 12-month low of $267.30 and a 12-month 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 for the quarter, beating analysts' consensus estimates of $4.97 by $0.17. Caterpillar had a net margin of 16.65% and a return on equity of 58.18%. As a group, research analysts forecast that Caterpillar Inc. will post 19.86 EPS for the current year.

Caterpillar Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 20th. Shareholders of record on Monday, April 21st will be issued a dividend of $1.41 per share. The ex-dividend date is Monday, April 21st. This represents a $5.64 dividend on an annualized basis and a dividend yield of 1.84%. Caterpillar's dividend payout ratio (DPR) is 25.56%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Truist Financial decreased their price target on shares of Caterpillar from $438.00 to $389.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. UBS Group upgraded shares of Caterpillar from a "sell" rating to a "neutral" rating and lifted their target price for the stock from $355.00 to $385.00 in a research report on Monday, February 3rd. Evercore ISI upped their price target on shares of Caterpillar from $365.00 to $375.00 and gave the company an "in-line" rating in a research report on Wednesday, February 19th. StockNews.com downgraded Caterpillar from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. Finally, Raymond James upgraded Caterpillar from a "market perform" rating to an "outperform" rating in a report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, Caterpillar presently has a consensus rating of "Hold" and a consensus price target of $359.36.

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.