IAG Wealth Partners LLC Has $188,000 Stock Holdings in Caterpillar Inc. (NYSE:CAT)

IAG Wealth Partners LLC raised its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 374.3% in the 4th quarter, HoldingsChannel reports. The firm owned 517 shares of the industrial products company’s stock after buying an additional 408 shares during the period. IAG Wealth Partners LLC’s holdings in Caterpillar were worth $188,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Nordea Investment Management AB increased its position in Caterpillar by 1.6% during the 4th quarter. Nordea Investment Management AB now owns 635,750 shares of the industrial products company’s stock worth $231,686,000 after buying an additional 10,212 shares during the period. West Wealth Group LLC bought a new position in shares of Caterpillar in the fourth quarter worth $230,000. Citizens Financial Group Inc. RI increased its position in shares of Caterpillar by 43.0% in the third quarter. Citizens Financial Group Inc. RI now owns 13,902 shares of the industrial products company’s stock worth $5,437,000 after purchasing an additional 4,181 shares during the period. Cadinha & Co. LLC bought a new position in shares of Caterpillar in the fourth quarter worth $11,084,000. Finally, Atomi Financial Group Inc. increased its position in shares of Caterpillar by 3.9% in the fourth quarter. Atomi Financial Group Inc. now owns 23,193 shares of the industrial products company’s stock worth $8,414,000 after purchasing an additional 871 shares during the period. Institutional investors own 70.98% of the company’s stock.

Insider Buying and Selling

In other Caterpillar news, Director Gerald Johnson purchased 100 shares of the company’s stock in a transaction on Tuesday, February 4th. The shares were purchased at an average cost of $365.57 per share, with a total value of $36,557.00. Following the completion of the purchase, the director now owns 3,053 shares in the company, valued at $1,116,085.21. This represents a 3.39 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jason Kaiser sold 2,425 shares of the business’s stock in a transaction that occurred on 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 directly owns 6,275 shares in the company, valued at approximately $2,225,742.50. This trade represents a 27.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.29% of the stock is owned by insiders.

Caterpillar Stock Performance

Shares of CAT stock opened at $338.50 on Thursday. The business’s 50-day moving average price is $361.80 and its 200-day moving average price 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 capitalization of $161.78 billion, a price-to-earnings ratio of 15.34, a PEG ratio of 1.87 and a beta of 1.15. The company has a current ratio of 1.42, a quick ratio of 0.89 and a debt-to-equity ratio of 1.40.

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

Analyst Ratings Changes

CAT has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. decreased their price target on Caterpillar from $515.00 to $490.00 and set an “overweight” rating on the stock in a research report on Friday, January 31st. Evercore ISI lifted their target price on Caterpillar from $365.00 to $375.00 and gave the company an “in-line” rating in a research report on Wednesday, February 19th. Morgan Stanley decreased their target price on Caterpillar from $330.00 to $300.00 and set an “underweight” rating on the stock in a research report on Friday, January 31st. Wedbush upgraded Caterpillar to an “outperform” rating in a research report on Monday, February 3rd. Finally, DA Davidson lifted their target price on Caterpillar from $350.00 to $357.00 and gave the company a “neutral” rating in a research report on Tuesday, February 4th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $383.80.

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.