Lyell Wealth Management LP Has $10.19 Million Position in Caterpillar Inc. (NYSE:CAT)

Lyell Wealth Management LP increased its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 3.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 34,465 shares of the industrial products company’s stock after acquiring an additional 1,271 shares during the period. Lyell Wealth Management LP’s holdings in Caterpillar were worth $10,190,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Waterway Wealth Management LLC bought a new position in shares of Caterpillar in the fourth quarter worth about $352,000. Farmers Trust Co. boosted its holdings in shares of Caterpillar by 2.7% in the fourth quarter. Farmers Trust Co. now owns 4,490 shares of the industrial products company’s stock valued at $1,328,000 after buying an additional 120 shares during the period. Firethorn Wealth Partners LLC boosted its holdings in shares of Caterpillar by 19.4% in the fourth quarter. Firethorn Wealth Partners LLC now owns 1,825 shares of the industrial products company’s stock valued at $540,000 after buying an additional 296 shares during the period. Panagora Asset Management Inc. boosted its holdings in shares of Caterpillar by 16.7% in the third quarter. Panagora Asset Management Inc. now owns 367,655 shares of the industrial products company’s stock valued at $100,370,000 after buying an additional 52,576 shares during the period. Finally, Rise Advisors LLC boosted its holdings in shares of Caterpillar by 7.8% in the fourth quarter. Rise Advisors LLC now owns 1,074 shares of the industrial products company’s stock valued at $318,000 after buying an additional 78 shares during the period. 70.98% of the stock is owned by institutional investors.

Analyst Ratings Changes

CAT has been the topic of a number of research reports. Evercore ISI lowered shares of Caterpillar from an “outperform” rating to an “in-line” rating and boosted their price objective for the stock from $321.00 to $338.00 in a research report on Tuesday, February 20th. Wells Fargo & Company boosted their price objective on shares of Caterpillar from $290.00 to $325.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 6th. TD Cowen boosted their price objective on shares of Caterpillar from $300.00 to $338.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 6th. Morgan Stanley started coverage on shares of Caterpillar in a research report on Monday, January 8th. They set an “equal weight” rating and a $270.00 price target on the stock. Finally, Citigroup upped their price target on shares of Caterpillar from $255.00 to $340.00 and gave the stock a “neutral” rating in a research report on Monday, February 12th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $307.56.

Insider Buying and Selling

In other Caterpillar news, insider Anthony D. Fassino sold 4,575 shares of the company’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $329.80, for a total value of $1,508,835.00. Following the transaction, the insider now owns 23,474 shares of the company’s stock, valued at approximately $7,741,725.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Anthony D. Fassino sold 4,575 shares of the stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $329.80, for a total transaction of $1,508,835.00. Following the transaction, the insider now owns 23,474 shares of the company’s stock, valued at approximately $7,741,725.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Lange Bob De sold 21,194 shares of the company’s stock in a transaction 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 owns 61,092 shares of the company’s stock, valued at $19,886,667.84. The disclosure for this sale can be found here. In the last three months, insiders have sold 45,769 shares of company stock valued at $14,509,306. Corporate insiders own 0.33% of the company’s stock.

Caterpillar Trading Up 0.1 %

CAT stock traded up $0.23 on Wednesday, reaching $363.48. The company’s stock had a trading volume of 3,030,552 shares, compared to its average volume of 2,436,106. The business has a fifty day simple moving average of $349.37 and a two-hundred day simple moving average of $300.03. Caterpillar Inc. has a 12-month low of $204.04 and a 12-month high of $382.01. The firm has a market cap of $181.52 billion, a PE ratio of 18.05, a PEG ratio of 1.59 and a beta of 1.17. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.87 and a current ratio of 1.35.

Caterpillar (NYSE:CAT) last announced its quarterly earnings data on Monday, February 5th. The industrial products company reported $5.23 EPS for the quarter, beating the consensus estimate of $4.76 by $0.47. Caterpillar had a return on equity of 56.99% and a net margin of 15.41%. The business had revenue of $17.07 billion during the quarter, compared to analyst estimates of $17.06 billion. During the same quarter last year, the firm posted $3.86 earnings per share. The company’s revenue for the quarter was up 2.8% on a year-over-year basis. As a group, research analysts forecast that Caterpillar Inc. will post 21.32 EPS for the current year.

Caterpillar Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 20th. Investors of record on Monday, April 22nd will be issued a $1.30 dividend. The ex-dividend date of this dividend is Friday, April 19th. This represents a $5.20 dividend on an annualized basis and a yield of 1.43%. Caterpillar’s dividend payout ratio is presently 25.82%.

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.