Caterpillar Inc. (NYSE:CAT) Shares Bought by Ullmann Wealth Partners Group LLC

Ullmann Wealth Partners Group LLC raised its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 32.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 2,641 shares of the industrial products company’s stock after buying an additional 648 shares during the quarter. Ullmann Wealth Partners Group LLC’s holdings in Caterpillar were worth $958,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in CAT. E Fund Management Co. Ltd. boosted its position in Caterpillar by 301.4% during the second quarter. E Fund Management Co. Ltd. now owns 3,091 shares of the industrial products company’s stock worth $1,030,000 after acquiring an additional 2,321 shares during the last quarter. Argent Trust Co boosted its holdings in Caterpillar by 1.3% in the 2nd quarter. Argent Trust Co now owns 9,880 shares of the industrial products company’s stock valued at $3,291,000 after purchasing an additional 126 shares during the last quarter. Seven Eight Capital LP purchased a new stake in shares of Caterpillar in the 2nd quarter valued at approximately $523,000. Altrius Capital Management Inc increased its holdings in shares of Caterpillar by 2.4% during the 2nd quarter. Altrius Capital Management Inc now owns 13,772 shares of the industrial products company’s stock worth $4,588,000 after buying an additional 318 shares during the last quarter. Finally, Garner Asset Management Corp raised its position in shares of Caterpillar by 1.4% during the 2nd quarter. Garner Asset Management Corp now owns 2,277 shares of the industrial products company’s stock valued at $759,000 after buying an additional 32 shares during the period. 70.98% of the stock is owned by hedge funds and other institutional investors.

Caterpillar Stock Performance

CAT opened at $380.85 on Friday. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.86 and a current ratio of 1.40. Caterpillar Inc. has a 52-week low of $276.94 and a 52-week high of $418.50. The firm has a market cap of $183.87 billion, a P/E ratio of 17.66, a price-to-earnings-growth ratio of 1.72 and a beta of 1.13. The business’s fifty day moving average is $380.24 and its 200-day moving average is $366.36.

Caterpillar (NYSE:CAT) last issued its quarterly earnings results 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). Caterpillar had a return on equity of 59.09% and a net margin of 16.26%. The business had revenue of $16.11 billion for the quarter, compared to analyst estimates of $16.37 billion. During the same quarter in the previous year, the business posted $5.52 earnings per share. The business’s revenue was down 4.2% on a year-over-year basis. Sell-side analysts expect that Caterpillar Inc. will post 21.68 EPS for the current fiscal year.

Caterpillar Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Tuesday, January 21st will be issued a dividend of $1.41 per share. The ex-dividend date of this dividend is Tuesday, January 21st. This represents a $5.64 dividend on an annualized basis and a yield of 1.48%. Caterpillar’s payout ratio is 26.15%.

Analyst Ratings Changes

CAT has been the topic of several research analyst reports. Truist Financial reduced their price objective on shares of Caterpillar from $471.00 to $455.00 and set a “buy” rating on the stock in a report on Thursday. Robert W. Baird upped their price target on Caterpillar from $299.00 to $300.00 and gave the stock an “underperform” rating in a report on Thursday, October 31st. Citigroup lowered their target price on shares of Caterpillar from $460.00 to $420.00 and set a “buy” rating for the company in a research note on Tuesday. UBS Group boosted their price objective on shares of Caterpillar from $285.00 to $295.00 and gave the stock a “sell” rating in a research report on Monday, November 4th. Finally, JPMorgan Chase & Co. upped their price target on shares of Caterpillar from $500.00 to $515.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Caterpillar presently has an average rating of “Hold” and a consensus target price of $380.60.

Insider Buying and Selling

In related news, insider Cheryl H. Johnson sold 2,664 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $378.84, for a total transaction of $1,009,229.76. Following the completion of the sale, the insider now owns 12,951 shares of the company’s stock, valued at $4,906,356.84. This trade represents a 17.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gerald Johnson bought 100 shares of the stock in a transaction on Wednesday, December 4th. The shares were bought at an average price of $398.57 per share, for a total transaction of $39,857.00. Following the purchase, the director now directly owns 2,953 shares in the company, valued at approximately $1,176,977.21. This trade represents a 3.51 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 23,868 shares of company stock valued at $9,679,489. Company 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.