Mission Wealth Management LP Has $2.91 Million Holdings in Caterpillar Inc. (NYSE:CAT)

Mission Wealth Management LP trimmed its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 1.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 8,019 shares of the industrial products company’s stock after selling 93 shares during the period. Mission Wealth Management LP’s holdings in Caterpillar were worth $2,909,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Garrett Wealth Advisory Group LLC increased its holdings in shares of Caterpillar by 25.1% during the 4th quarter. Garrett Wealth Advisory Group LLC now owns 1,470 shares of the industrial products company’s stock valued at $533,000 after acquiring an additional 295 shares during the last quarter. Fidelis Capital Partners LLC boosted its position in Caterpillar by 15.2% during the fourth quarter. Fidelis Capital Partners LLC now owns 10,005 shares of the industrial products company’s stock worth $3,617,000 after purchasing an additional 1,321 shares during the period. SBI Securities Co. Ltd. acquired a new position in Caterpillar during the fourth quarter valued at approximately $1,304,000. Jones Financial Companies Lllp raised its position in shares of Caterpillar by 38.1% in the fourth quarter. Jones Financial Companies Lllp now owns 53,498 shares of the industrial products company’s stock valued at $19,407,000 after purchasing an additional 14,749 shares during the period. Finally, Modera Wealth Management LLC lifted its stake in shares of Caterpillar by 2.6% in the fourth quarter. Modera Wealth Management LLC now owns 7,124 shares of the industrial products company’s stock worth $2,584,000 after buying an additional 182 shares during the last quarter. 70.98% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CAT has been the topic of several recent analyst reports. Citigroup lifted 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 lifted their price objective on Caterpillar from $350.00 to $357.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 4th. UBS Group upgraded Caterpillar from a “sell” rating to a “neutral” rating and increased their target price for the company from $355.00 to $385.00 in a research note on Monday, February 3rd. Truist Financial dropped their price target on Caterpillar from $455.00 to $438.00 and set a “buy” rating on the stock in a research report on Monday, February 3rd. Finally, Raymond James raised Caterpillar from a “market perform” rating to an “outperform” rating in a research report on Monday, February 3rd. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $383.80.

Caterpillar Trading Down 3.5 %

Shares of CAT stock opened at $331.75 on Tuesday. The firm has a fifty day moving average of $365.31 and a 200-day moving average of $373.10. The stock has a market cap of $158.55 billion, a price-to-earnings ratio of 15.03, a P/E/G ratio of 1.87 and a beta of 1.12. Caterpillar Inc. has a 52-week low of $307.05 and a 52-week high of $418.50. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.89 and a current ratio of 1.42.

Caterpillar (NYSE:CAT) last posted its quarterly earnings results on Thursday, January 30th. The industrial products company reported $5.14 earnings per share (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%. On average, equities research analysts forecast that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal year.

Caterpillar Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Tuesday, January 21st were given a $1.41 dividend. This represents a $5.64 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date was Tuesday, January 21st. Caterpillar’s dividend payout ratio (DPR) is 25.56%.

Insiders Place Their Bets

In other Caterpillar news, Director Gerald Johnson acquired 100 shares of the business’s stock in a transaction on Wednesday, December 4th. The stock was purchased at an average price of $398.57 per share, for a total transaction of $39,857.00. Following the transaction, the director now owns 2,953 shares in the company, valued at $1,176,977.21. This trade represents a 3.51 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jason Kaiser sold 2,425 shares of the business’s stock in a transaction on Tuesday, February 18th. The stock was 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 represents a 27.87 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.29% of the company’s stock.

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.