Lifelong Wealth Advisors Inc. Makes New $210,000 Investment in Caterpillar Inc. (NYSE:CAT)

Lifelong Wealth Advisors Inc. purchased a new stake in shares of Caterpillar Inc. (NYSE:CAT) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 579 shares of the industrial products company’s stock, valued at approximately $210,000.

A number of other hedge funds also recently modified their holdings of CAT. Flagship Wealth Advisors LLC bought a new position in Caterpillar during the 4th quarter worth $26,000. Halbert Hargrove Global Advisors LLC bought a new stake in shares of Caterpillar in the 4th quarter valued at about $27,000. Cyrus J. Lawrence LLC acquired a new stake in shares of Caterpillar in the fourth quarter valued at about $27,000. Noble Wealth Management PBC bought a new position in shares of Caterpillar during the fourth quarter worth about $31,000. Finally, Retirement Wealth Solutions LLC acquired a new position in shares of Caterpillar in the fourth quarter worth approximately $34,000. Institutional investors and hedge funds own 70.98% of the company’s stock.

Insider Buying and Selling

In related news, CFO Andrew R. J. Bonfield sold 10,000 shares of the firm’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $380.09, for a total transaction of $3,800,900.00. Following the completion of the sale, the chief financial officer now owns 45,182 shares in the company, valued at approximately $17,173,226.38. This trade represents a 18.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Jason Kaiser sold 2,425 shares of Caterpillar stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $354.70, for a total transaction of $860,147.50. Following the completion of the sale, 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. 0.29% of the stock is owned by corporate insiders.

Caterpillar Price Performance

Shares of NYSE CAT opened at $293.37 on Wednesday. The stock has a market cap of $140.21 billion, a price-to-earnings ratio of 13.29, a PEG ratio of 1.87 and a beta of 1.21. 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 Inc. has a fifty-two week low of $267.30 and a fifty-two week high of $418.50. The firm’s 50-day simple moving average is $331.31 and its 200 day simple moving average is $365.85.

Caterpillar (NYSE:CAT) last posted its earnings results on Thursday, January 30th. The industrial products company reported $5.14 earnings per share for the quarter, beating 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%. As a group, research analysts anticipate that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal year.

Caterpillar Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 20th. Investors of record on Monday, April 21st will be given a dividend of $1.41 per share. This represents a $5.64 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date of this dividend is Monday, April 21st. Caterpillar’s payout ratio is currently 25.56%.

Analysts Set New Price Targets

Several research firms have issued reports on CAT. Citigroup lowered their price target on shares of Caterpillar from $430.00 to $320.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. Truist Financial dropped their target price on shares of Caterpillar from $438.00 to $389.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. Morgan Stanley decreased their price target on Caterpillar from $330.00 to $300.00 and set an “underweight” rating for the company in a report on Friday, January 31st. StockNews.com downgraded Caterpillar from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Finally, Evercore ISI raised their target price on Caterpillar from $365.00 to $375.00 and gave the stock an “in-line” rating in a research note on Wednesday, February 19th. Two 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. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $365.87.

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.