Transform Wealth LLC Buys 5,737 Shares of Caterpillar Inc. (NYSE:CAT)

Transform Wealth LLC boosted its stake in shares of Caterpillar Inc. (NYSE:CAT) by 44.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 18,743 shares of the industrial products company’s stock after buying an additional 5,737 shares during the period. Transform Wealth LLC’s holdings in Caterpillar were worth $6,799,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Capital Performance Advisors LLP bought a new stake in shares of Caterpillar in the 3rd quarter worth about $36,000. Retirement Wealth Solutions LLC purchased a new stake in shares of Caterpillar in the fourth quarter valued at approximately $34,000. Fairscale Capital LLC purchased a new position in Caterpillar during the 2nd quarter worth $36,000. Kimelman & Baird LLC raised its position in Caterpillar by 42.9% during the 3rd quarter. Kimelman & Baird LLC now owns 100 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 30 shares in the last quarter. Finally, Trivant Custom Portfolio Group LLC lifted its holdings in shares of Caterpillar by 130.0% in the 4th quarter. Trivant Custom Portfolio Group LLC now owns 115 shares of the industrial products company’s stock worth $42,000 after buying an additional 65 shares during the period. 70.98% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on CAT shares. Morgan Stanley downgraded Caterpillar from an “equal weight” rating to an “underweight” rating and decreased their price objective for the company from $349.00 to $332.00 in a report on Monday, October 14th. JPMorgan Chase & Co. upped their price target on shares of Caterpillar from $500.00 to $515.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. StockNews.com downgraded shares of Caterpillar from a “buy” rating to a “hold” rating in a research note on Friday. Bank of America increased their target price on Caterpillar from $376.00 to $434.00 and gave the company a “buy” rating in a research report on Monday, September 30th. Finally, Evercore ISI raised Caterpillar from an “underperform” rating to an “in-line” rating and set a $365.00 price target for the company in a research report on Monday, January 13th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $380.60.

Caterpillar Stock Up 1.4 %

NYSE:CAT opened at $386.03 on Tuesday. The company has a current ratio of 1.40, a quick ratio of 0.86 and a debt-to-equity ratio of 1.33. Caterpillar Inc. has a twelve month low of $277.66 and a twelve month high of $418.50. The company has a market cap of $186.38 billion, a PE ratio of 17.90, a P/E/G ratio of 1.91 and a beta of 1.13. The company’s 50 day moving average is $380.09 and its two-hundred day moving average is $367.29.

Caterpillar (NYSE:CAT) last announced its quarterly earnings data 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). The company had revenue of $16.11 billion for the quarter, compared to analysts’ expectations of $16.37 billion. Caterpillar had a net margin of 16.26% and a return on equity of 59.09%. Caterpillar’s quarterly revenue was down 4.2% compared to the same quarter last year. During the same period last year, the firm earned $5.52 earnings per share. Analysts anticipate that Caterpillar Inc. will post 21.69 EPS for the current year.

Caterpillar Dividend Announcement

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

Insider Buying and Selling

In related news, Director Gerald Johnson acquired 100 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The stock was acquired at an average price of $398.57 per share, with a total value of $39,857.00. Following the acquisition, the director now directly owns 2,953 shares in the company, valued at $1,176,977.21. This represents a 3.51 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $380.09, for a total value of $3,800,900.00. Following the completion of the sale, the chief financial officer now owns 45,182 shares in the company, valued at approximately $17,173,226.38. This represents a 18.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 33,868 shares of company stock valued at $13,480,389 over the last quarter. 0.29% of the stock is currently owned by company insiders.

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.