Aaron Wealth Advisors LLC Purchases 375 Shares of Caterpillar Inc. (NYSE:CAT)

Aaron Wealth Advisors LLC boosted its position in Caterpillar Inc. (NYSE:CAT) by 6.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,096 shares of the industrial products company’s stock after buying an additional 375 shares during the quarter. Aaron Wealth Advisors LLC’s holdings in Caterpillar were worth $2,212,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of CAT. BNC Wealth Management LLC lifted its position in Caterpillar by 5.5% during the 4th quarter. BNC Wealth Management LLC now owns 10,574 shares of the industrial products company’s stock worth $3,836,000 after buying an additional 550 shares in the last quarter. Sandy Cove Advisors LLC boosted its position in Caterpillar by 6.9% during the fourth quarter. Sandy Cove Advisors LLC now owns 1,585 shares of the industrial products company’s stock valued at $575,000 after purchasing an additional 102 shares during the last quarter. Moss Adams Wealth Advisors LLC grew its stake in Caterpillar by 9.6% in the fourth quarter. Moss Adams Wealth Advisors LLC now owns 1,208 shares of the industrial products company’s stock valued at $438,000 after purchasing an additional 106 shares in the last quarter. Astoria Portfolio Advisors LLC. raised its stake in shares of Caterpillar by 13.1% during the 4th quarter. Astoria Portfolio Advisors LLC. now owns 3,468 shares of the industrial products company’s stock worth $1,289,000 after purchasing an additional 402 shares in the last quarter. Finally, Kera Capital Partners Inc. bought a new position in shares of Caterpillar in the fourth quarter valued at $236,000. Institutional investors own 70.98% of the company’s stock.

Insider Activity at Caterpillar

In related news, CAO William E. Schaupp sold 968 shares of the business’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $380.98, for a total transaction of $368,788.64. Following the sale, the chief accounting officer now owns 1,686 shares in the company, valued at $642,332.28. The trade was a 36.47 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Lange Bob De sold 12,657 shares of Caterpillar stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $410.25, for a total value of $5,192,534.25. Following the sale, the insider now directly owns 71,107 shares in the company, valued at $29,171,646.75. The trade was a 15.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 33,868 shares of company stock valued at $13,480,389 over the last ninety days. 0.29% of the stock is owned by corporate insiders.

Caterpillar Stock Up 1.4 %

CAT stock opened at $386.03 on Friday. The company has a market cap of $186.38 billion, a PE ratio of 17.90, a price-to-earnings-growth ratio of 1.72 and a beta of 1.13. The company has a quick ratio of 0.86, a current ratio of 1.40 and a debt-to-equity ratio of 1.33. Caterpillar Inc. has a 52 week low of $277.66 and a 52 week high of $418.50. The business has a 50-day simple moving average of $380.09 and a 200 day simple moving average of $367.03.

Caterpillar (NYSE:CAT) last issued its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $5.17 earnings per share for the quarter, missing analysts’ consensus estimates of $5.33 by ($0.16). Caterpillar had a return on equity of 59.09% and a net margin of 16.26%. The firm had revenue of $16.11 billion for the quarter, compared to the consensus estimate of $16.37 billion. During the same period last year, the company posted $5.52 EPS. The business’s revenue was down 4.2% on a year-over-year basis. Sell-side analysts anticipate that Caterpillar Inc. will post 21.68 EPS for the current fiscal year.

Caterpillar Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Tuesday, January 21st will be given a dividend of $1.41 per share. The ex-dividend date of this dividend is Tuesday, January 21st. This represents a $5.64 annualized dividend and a dividend yield of 1.46%. Caterpillar’s dividend payout ratio is currently 26.15%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on CAT shares. Robert W. Baird lifted their price objective on shares of Caterpillar from $299.00 to $300.00 and gave the company an “underperform” rating in a research report on Thursday, October 31st. Morgan Stanley lowered Caterpillar from an “equal weight” rating to an “underweight” rating and dropped their price objective for the company from $349.00 to $332.00 in a research note on Monday, October 14th. Jefferies Financial Group lifted their target price on Caterpillar from $455.00 to $475.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Bank of America raised their price target on Caterpillar from $376.00 to $434.00 and gave the company a “buy” rating in a report on Monday, September 30th. Finally, Truist Financial dropped their price objective on shares of Caterpillar from $471.00 to $455.00 and set a “buy” rating on the stock in a research report on Thursday. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $380.60.

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.