Caterpillar Inc. (NYSE:CAT) Shares Purchased by Kiley Juergens Wealth Management LLC

Kiley Juergens Wealth Management LLC grew its stake in Caterpillar Inc. (NYSE:CAT) by 0.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,962 shares of the industrial products company’s stock after acquiring an additional 36 shares during the quarter. Caterpillar comprises approximately 1.9% of Kiley Juergens Wealth Management LLC’s investment portfolio, making the stock its 15th biggest position. Kiley Juergens Wealth Management LLC’s holdings in Caterpillar were worth $5,606,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Gilfoyle & Co LLC acquired a new stake in shares of Caterpillar during the 4th quarter worth about $30,000. A.P. Gilfoyle & Co. L.P. purchased a new position in Caterpillar during the 4th quarter valued at about $30,000. Atlas Capital Advisors LLC boosted its holdings in Caterpillar by 272.4% during the 1st quarter. Atlas Capital Advisors LLC now owns 108 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 79 shares during the period. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in Caterpillar by 730.8% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 108 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 95 shares during the period. Finally, First Capital Advisors Group LLC. purchased a new position in Caterpillar during the 2nd quarter valued at about $30,000. 70.98% of the stock is owned by institutional investors and hedge funds.

Caterpillar Stock Performance

CAT traded down $4.26 during trading on Tuesday, hitting $359.65. 2,513,939 shares of the stock were exchanged, compared to its average volume of 2,436,917. The firm has a market capitalization of $179.61 billion, a P/E ratio of 17.86, a PEG ratio of 1.63 and a beta of 1.17. The company has a quick ratio of 0.87, a current ratio of 1.35 and a debt-to-equity ratio of 1.25. The stock has a fifty day moving average price of $343.80 and a two-hundred day moving average price of $295.74. Caterpillar Inc. has a 1-year low of $204.04 and a 1-year high of $382.01.

Caterpillar (NYSE:CAT) last released its earnings results on Monday, February 5th. The industrial products company reported $5.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.76 by $0.47. The business had revenue of $17.07 billion for the quarter, compared to analyst estimates of $17.06 billion. Caterpillar had a return on equity of 56.99% and a net margin of 15.41%. The company’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.86 earnings per share. As a group, sell-side analysts predict that Caterpillar Inc. will post 21.33 earnings per share for the current year.

Caterpillar Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, May 20th. Stockholders of record on Monday, April 22nd will be issued a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date of this dividend is Friday, April 19th. Caterpillar’s payout ratio is currently 25.82%.

Insider Activity at Caterpillar

In related news, insider Lange Bob De sold 21,194 shares of Caterpillar stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $325.52, for a total value of $6,899,070.88. Following the sale, the insider now directly owns 61,092 shares in the company, valued at $19,886,667.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Caterpillar news, insider Lange Bob De sold 21,194 shares of the business’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $325.52, for a total transaction of $6,899,070.88. Following the sale, the insider now directly owns 61,092 shares in the company, valued at $19,886,667.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the business’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $310.10, for a total value of $3,101,000.00. Following the sale, the chief financial officer now owns 57,317 shares in the company, valued at $17,774,001.70. The disclosure for this sale can be found here. Insiders have sold a total of 45,769 shares of company stock worth $14,509,306 over the last three months. 0.33% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages recently commented on CAT. Citigroup raised their target price on Caterpillar from $255.00 to $340.00 and gave the company a “neutral” rating in a report on Monday, February 12th. Sanford C. Bernstein lifted their price objective on Caterpillar from $216.00 to $245.00 and gave the company a “market perform” rating in a research note on Thursday, December 21st. TD Cowen lifted their price objective on Caterpillar from $300.00 to $338.00 and gave the company an “outperform” rating in a research note on Tuesday, February 6th. Morgan Stanley started coverage on Caterpillar in a research note on Monday, January 8th. They issued an “equal weight” rating and a $270.00 price objective for the company. Finally, StockNews.com cut Caterpillar from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 20th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $307.56.

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.