Peterson Wealth Management Buys 82 Shares of Caterpillar Inc. (NYSE:CAT)

Peterson Wealth Management boosted its position in shares of Caterpillar Inc. (NYSE:CAT) by 5.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,686 shares of the industrial products company’s stock after buying an additional 82 shares during the period. Peterson Wealth Management’s holdings in Caterpillar were worth $612,000 at the end of the most recent quarter.

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

Caterpillar Stock Performance

Shares of Caterpillar stock opened at $309.39 on Thursday. The firm has a market capitalization of $147.87 billion, a P/E ratio of 14.02, a P/E/G ratio of 1.87 and a beta of 1.21. Caterpillar Inc. has a 52 week low of $267.30 and a 52 week high of $418.50. The company has a quick ratio of 0.89, a current ratio of 1.42 and a debt-to-equity ratio of 1.40. The firm’s 50 day moving average is $319.05 and its two-hundred day moving average is $358.77.

Caterpillar (NYSE:CAT) last issued its quarterly earnings results on Wednesday, April 30th. The industrial products company reported $4.25 earnings per share for the quarter, missing the consensus estimate of $4.35 by ($0.10). Caterpillar had a return on equity of 58.18% and a net margin of 16.65%. The company had revenue of $14.25 billion for the quarter, compared to analyst estimates of $14.64 billion. During the same period in the prior year, the business earned $5.60 earnings per share. Caterpillar’s revenue for the quarter was down 9.8% compared to the same quarter last year. 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 given a $1.41 dividend. This represents a $5.64 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date of this dividend is Monday, April 21st. Caterpillar’s dividend payout ratio is currently 25.56%.

Wall Street Analysts Forecast Growth

CAT has been the subject of a number of research analyst reports. Morgan Stanley upgraded Caterpillar from an “underweight” rating to an “equal weight” rating and cut their price objective for the company from $300.00 to $283.00 in a research report on Wednesday, April 16th. Raymond James upgraded shares of Caterpillar from a “market perform” rating to an “outperform” rating in a research note on Monday, February 3rd. DA Davidson dropped their price objective on shares of Caterpillar from $357.00 to $325.00 and set a “neutral” rating on the stock in a research note on Monday, April 21st. StockNews.com downgraded shares of Caterpillar from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Finally, Truist Financial decreased their price target on shares of Caterpillar from $438.00 to $389.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $361.91.

Insider Activity

In other Caterpillar news, Director Gerald Johnson bought 100 shares of the business’s stock in a transaction dated Tuesday, February 4th. The shares were acquired at an average price of $365.57 per share, with a total value of $36,557.00. Following the purchase, the director now owns 3,053 shares in the company, valued at approximately $1,116,085.21. The trade was a 3.39 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jason Kaiser sold 2,425 shares of the firm’s stock in a transaction 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 completion of the transaction, the insider now directly owns 6,275 shares in the company, valued at approximately $2,225,742.50. This represents a 27.87 % decrease in their position. The disclosure for this sale can be found here. Company 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.