National Wealth Management Group LLC Invests $630,000 in Caterpillar Inc. $CAT

by · The Markets Daily

National Wealth Management Group LLC purchased a new stake in Caterpillar Inc. (NYSE:CAT – Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,321 shares of the industrial products company’s stock, valued at approximately $630,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CAT. WealthShield Partners LLC boosted its position in shares of Caterpillar by 1.6% in the third quarter. WealthShield Partners LLC now owns 1,122 shares of the industrial products company’s stock worth $535,000 after buying an additional 18 shares during the period. Abacus Planning Group Inc. boosted its position in Caterpillar by 0.6% during the 3rd quarter. Abacus Planning Group Inc. now owns 3,214 shares of the industrial products company’s stock worth $1,534,000 after acquiring an additional 20 shares during the period. Coastwise Capital Group LLC grew its stake in Caterpillar by 1.8% during the 3rd quarter. Coastwise Capital Group LLC now owns 1,168 shares of the industrial products company’s stock valued at $557,000 after acquiring an additional 21 shares in the last quarter. Liberty Wealth Management LLC increased its holdings in shares of Caterpillar by 1.5% in the 3rd quarter. Liberty Wealth Management LLC now owns 1,442 shares of the industrial products company’s stock valued at $688,000 after purchasing an additional 22 shares during the period. Finally, Live Oak Private Wealth LLC lifted its position in shares of Caterpillar by 0.7% in the third quarter. Live Oak Private Wealth LLC now owns 3,525 shares of the industrial products company’s stock worth $1,682,000 after purchasing an additional 23 shares in the last quarter. 70.98% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Anthony D. Fassino sold 8,184 shares of the company’s stock in a transaction on Monday, November 10th. The shares were sold at an average price of $570.18, for a total transaction of $4,666,353.12. Following the completion of the sale, the insider directly owned 41,512 shares of the company’s stock, valued at approximately $23,669,312.16. This represents a 16.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jason Kaiser sold 10,707 shares of the firm’s stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $563.60, for a total transaction of $6,034,465.20. Following the completion of the transaction, the insider owned 8,649 shares in the company, valued at $4,874,576.40. The trade was a 55.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 54,729 shares of company stock valued at $31,084,308 in the last three months. Company insiders own 0.33% of the company’s stock.

Analyst Ratings Changes

CAT has been the topic of several research reports. Raymond James Financial reiterated a “market perform” rating on shares of Caterpillar in a research note on Wednesday, January 7th. Royal Bank Of Canada initiated coverage on shares of Caterpillar in a research note on Wednesday, October 22nd. They issued a “sector perform” rating and a $560.00 price target on the stock. Erste Group Bank raised Caterpillar from a “hold” rating to a “buy” rating in a research report on Friday, October 3rd. HSBC raised Caterpillar from a “hold” rating to a “buy” rating and upped their target price for the stock from $405.00 to $660.00 in a research report on Wednesday, November 5th. Finally, Morgan Stanley lifted their price target on Caterpillar from $395.00 to $400.00 and gave the company an “underweight” rating in a report on Friday. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $637.70.

Read Our Latest Analysis on CAT

Caterpillar Stock Performance

CAT opened at $626.71 on Monday. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.86 and a current ratio of 1.38. The company has a market cap of $293.29 billion, a PE ratio of 32.17, a price-to-earnings-growth ratio of 2.42 and a beta of 1.57. The stock has a 50-day moving average of $594.45 and a 200-day moving average of $512.14. Caterpillar Inc. has a 52-week low of $267.30 and a 52-week high of $655.78.

Caterpillar (NYSE:CAT – Get Free Report) last issued its quarterly earnings data on Monday, November 3rd. The industrial products company reported $4.95 earnings per share for the quarter, beating analysts’ consensus estimates of $4.52 by $0.43. Caterpillar had a return on equity of 47.16% and a net margin of 14.34%.The business had revenue of $17.64 billion for the quarter, compared to the consensus estimate of $16.72 billion. During the same period last year, the business earned $5.17 EPS. The firm’s revenue was up 9.5% compared to the same quarter last year. As a group, equities research analysts forecast that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal year.

Caterpillar Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 19th. Stockholders of record on Tuesday, January 20th will be given a $1.51 dividend. The ex-dividend date of this dividend is Tuesday, January 20th. This represents a $6.04 dividend on an annualized basis and a dividend yield of 1.0%. Caterpillar’s dividend payout ratio (DPR) is currently 31.01%.

Caterpillar Profile

(Free Report)

Caterpillar Inc is a global manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and locomotives. The company’s product portfolio includes earthmoving machines such as excavators, bulldozers, wheel loaders and off‑highway trucks, as well as a range of power generation products including generator sets and power systems for industrial and commercial use. Caterpillar serves customers across heavy construction, mining, energy, transportation and related industries with both equipment and integrated technology solutions.

In addition to manufacturing, Caterpillar provides a broad range of aftermarket parts and support services, including maintenance, repair, remanufacturing and fleet management tools.

Further Reading