DecisionMap Wealth Management LLC Takes Position in Caterpillar Inc. (NYSE:CAT)

DecisionMap Wealth Management LLC acquired a new stake in Caterpillar Inc. (NYSE:CAT) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 809 shares of the industrial products company’s stock, valued at approximately $293,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Halbert Hargrove Global Advisors LLC bought a new stake in Caterpillar during the fourth quarter worth approximately $27,000. Noble Wealth Management PBC bought a new stake in Caterpillar during the fourth quarter worth approximately $31,000. Retirement Wealth Solutions LLC bought a new stake in Caterpillar during the fourth quarter worth approximately $34,000. Albion Financial Group UT boosted its holdings in Caterpillar by 334.8% during the fourth quarter. Albion Financial Group UT now owns 100 shares of the industrial products company’s stock worth $36,000 after buying an additional 77 shares in the last quarter. Finally, Whipplewood Advisors LLC bought a new stake in Caterpillar during the fourth quarter worth approximately $36,000. 70.98% of the stock is currently owned by institutional investors.

Caterpillar Stock Performance

Shares of CAT opened at $338.50 on Thursday. The company’s fifty day moving average is $361.80 and its 200-day moving average is $372.69. Caterpillar Inc. has a 12 month low of $307.05 and a 12 month high of $418.50. The firm has a market cap of $161.78 billion, a price-to-earnings ratio of 15.34, a price-to-earnings-growth ratio of 1.87 and a beta of 1.15. The company has a quick ratio of 0.89, a current ratio of 1.42 and a debt-to-equity ratio of 1.40.

Caterpillar (NYSE:CAT) last announced its quarterly earnings results on Thursday, January 30th. The industrial products company reported $5.14 EPS for the quarter, topping the consensus estimate of $4.97 by $0.17. Caterpillar had a net margin of 16.65% and a return on equity of 58.18%. Equities analysts expect that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

Insider Transactions at Caterpillar

In other news, Director Gerald Johnson bought 100 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The shares were purchased at an average price of $365.57 per share, for a total transaction of $36,557.00. Following the acquisition, the director now directly owns 3,053 shares of the company’s stock, valued at $1,116,085.21. The trade was a 3.39 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 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 approximately $17,173,226.38. The trade was a 18.12 % decrease in their position. The disclosure for this sale can be found here. 0.29% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on CAT. Citigroup raised their target price on shares of Caterpillar from $420.00 to $430.00 and gave the stock a “buy” rating in a report on Friday, January 31st. DA Davidson upped their price target on shares of Caterpillar from $350.00 to $357.00 and gave the company a “neutral” rating in a research report on Tuesday, February 4th. Morgan Stanley reduced their price target on shares of Caterpillar from $330.00 to $300.00 and set an “underweight” rating for the company in a research report on Friday, January 31st. Raymond James upgraded shares of Caterpillar from a “market perform” rating to an “outperform” rating in a research report on Monday, February 3rd. Finally, Truist Financial reduced their price target on shares of Caterpillar from $455.00 to $438.00 and set a “buy” rating for the company in a research report on Monday, February 3rd. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $383.80.

Caterpillar 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.