Rothschild Capital Partners LLC Buys Shares of 790 Caterpillar Inc. (NYSE:CAT)

Rothschild Capital Partners LLC bought a new position in shares of Caterpillar Inc. (NYSE:CAT) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 790 shares of the industrial products company’s stock, valued at approximately $287,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Flagship Wealth Advisors LLC bought a new stake in shares of Caterpillar during the 4th quarter valued at about $26,000. Halbert Hargrove Global Advisors LLC acquired a new position in Caterpillar during the 4th quarter valued at about $27,000. Cyrus J. Lawrence LLC bought a new stake in Caterpillar during the 4th quarter worth approximately $27,000. Noble Wealth Management PBC purchased a new stake in Caterpillar in the 4th quarter valued at $31,000. Finally, Retirement Wealth Solutions LLC bought a new position in Caterpillar during the 4th quarter valued at $34,000. 70.98% of the stock is owned by institutional investors and hedge funds.

Caterpillar Trading Up 3.8 %

NYSE:CAT opened at $306.89 on Friday. The company has a market cap of $146.67 billion, a PE ratio of 13.91, a price-to-earnings-growth 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. The company has a current ratio of 1.42, a quick ratio of 0.89 and a debt-to-equity ratio of 1.40. The company has a 50 day simple moving average of $322.40 and a two-hundred day simple moving average of $361.21.

Caterpillar (NYSE:CAT) last issued its quarterly earnings data on Thursday, January 30th. The industrial products company reported $5.14 earnings per share (EPS) 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%. Research analysts forecast that Caterpillar Inc. will post 19.86 earnings per share for the current year.

Caterpillar Announces Dividend

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

Analysts Set New Price Targets

A number of brokerages recently commented on CAT. StockNews.com lowered Caterpillar from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Truist Financial lowered their target price on shares of Caterpillar from $438.00 to $389.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. UBS Group upgraded Caterpillar from a “sell” rating to a “neutral” rating and upped their target price for the stock from $355.00 to $385.00 in a research note on Monday, February 3rd. Citigroup cut their price objective on Caterpillar from $430.00 to $320.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. Finally, Raymond James upgraded shares of Caterpillar from a “market perform” rating to an “outperform” rating in a research report on Monday, February 3rd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $359.36.

Insider Activity

In related news, insider Jason Kaiser sold 2,425 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $354.70, for a total value of $860,147.50. Following the completion of the transaction, the insider now owns 6,275 shares of the company’s stock, valued at approximately $2,225,742.50. This trade represents a 27.87 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gerald Johnson purchased 100 shares of the stock in a transaction that occurred on Tuesday, February 4th. The stock was bought at an average price of $365.57 per share, with a total value of $36,557.00. Following the completion of the transaction, the director now owns 3,053 shares of the company’s stock, valued at $1,116,085.21. The trade was a 3.39 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.29% of the company’s stock.

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.