Strategic Investment Solutions Inc. IL Has $137,000 Holdings in Caterpillar Inc. (NYSE:CAT)

Strategic Investment Solutions Inc. IL raised its holdings in Caterpillar Inc. (NYSE:CAT) by 14.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 378 shares of the industrial products company’s stock after acquiring an additional 48 shares during the period. Strategic Investment Solutions Inc. IL’s holdings in Caterpillar were worth $137,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of the business. Principal Financial Group Inc. raised its holdings in shares of Caterpillar by 0.7% during the third quarter. Principal Financial Group Inc. now owns 729,654 shares of the industrial products company’s stock worth $285,382,000 after acquiring an additional 5,371 shares during the period. SOA Wealth Advisors LLC. lifted its holdings in shares of Caterpillar by 47.2% in the third quarter. SOA Wealth Advisors LLC. now owns 156 shares of the industrial products company’s stock valued at $61,000 after purchasing an additional 50 shares in the last quarter. Tudor Financial Inc. acquired a new position in shares of Caterpillar during the third quarter worth about $854,000. Anchor Investment Management LLC grew its holdings in shares of Caterpillar by 2.9% during the third quarter. Anchor Investment Management LLC now owns 13,317 shares of the industrial products company’s stock worth $5,208,000 after buying an additional 376 shares in the last quarter. Finally, World Investment Advisors LLC raised its position in Caterpillar by 26.6% in the 3rd quarter. World Investment Advisors LLC now owns 4,012 shares of the industrial products company’s stock valued at $1,569,000 after buying an additional 843 shares during the last quarter. Institutional investors and hedge funds own 70.98% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on CAT. Bank of America decreased their price target on shares of Caterpillar from $452.00 to $414.00 and set a “buy” rating for the company in a research note on Friday, January 31st. Citigroup lowered their price target on shares of Caterpillar from $430.00 to $320.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. Morgan Stanley upgraded shares of Caterpillar from an “underweight” rating to an “equal weight” rating and reduced their price objective for the stock from $300.00 to $283.00 in a research note on Wednesday. UBS Group raised Caterpillar from a “sell” rating to a “neutral” rating and lifted their target price for the company from $355.00 to $385.00 in a research report on Monday, February 3rd. Finally, Truist Financial reduced their price target on Caterpillar from $438.00 to $389.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $361.64.

Insiders Place Their Bets

In other news, insider Jason Kaiser sold 2,425 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $354.70, for a total transaction of $860,147.50. Following the transaction, the insider now directly owns 6,275 shares of the company’s stock, valued at approximately $2,225,742.50. This trade represents a 27.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gerald Johnson purchased 100 shares of the business’s stock in a transaction that occurred on Tuesday, February 4th. The stock was bought at an average price of $365.57 per share, with a total value of $36,557.00. Following the completion of the purchase, the director now owns 3,053 shares of the company’s stock, valued at $1,116,085.21. This trade represents a 3.39 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.29% of the company’s stock.

Caterpillar Trading Down 1.0 %

CAT stock opened at $290.60 on Thursday. The stock has a market cap of $138.89 billion, a price-to-earnings ratio of 13.17, a price-to-earnings-growth ratio of 1.87 and a beta of 1.21. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.42 and a quick ratio of 0.89. The company has a fifty day moving average price of $329.84 and a two-hundred day moving average price of $365.33. Caterpillar Inc. has a one year low of $267.30 and a one year high of $418.50.

Caterpillar (NYSE:CAT) last issued its quarterly earnings data 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%. Equities analysts anticipate that Caterpillar Inc. will post 19.86 EPS for the current year.

Caterpillar Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 20th. Shareholders of record on Monday, April 21st will be issued a $1.41 dividend. This represents a $5.64 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date of this dividend is Monday, April 21st. Caterpillar’s dividend payout ratio is 25.56%.

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.