684 Shares in Caterpillar Inc. (NYSE:CAT) Bought by Kerntke Otto McGlone Wealth Management Group

Kerntke Otto McGlone Wealth Management Group purchased a new stake in Caterpillar Inc. (NYSE:CAT) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 684 shares of the industrial products company’s stock, valued at approximately $202,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Waterway Wealth Management LLC bought a new position in Caterpillar during the fourth quarter worth $352,000. Farmers Trust Co. grew its stake in Caterpillar by 2.7% during the fourth quarter. Farmers Trust Co. now owns 4,490 shares of the industrial products company’s stock worth $1,328,000 after purchasing an additional 120 shares during the period. Firethorn Wealth Partners LLC increased its holdings in Caterpillar by 19.4% in the fourth quarter. Firethorn Wealth Partners LLC now owns 1,825 shares of the industrial products company’s stock worth $540,000 after purchasing an additional 296 shares in the last quarter. Axxcess Wealth Management LLC lifted its stake in Caterpillar by 20.0% in the fourth quarter. Axxcess Wealth Management LLC now owns 21,343 shares of the industrial products company’s stock valued at $6,310,000 after buying an additional 3,558 shares during the period. Finally, Panagora Asset Management Inc. boosted its holdings in shares of Caterpillar by 16.7% during the 3rd quarter. Panagora Asset Management Inc. now owns 367,655 shares of the industrial products company’s stock worth $100,370,000 after buying an additional 52,576 shares in the last quarter. Institutional investors and hedge funds own 70.98% of the company’s stock.

Insider Buying and Selling at Caterpillar

In other news, insider Lange Bob De sold 21,194 shares of Caterpillar 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 completion of the transaction, the insider now directly owns 61,092 shares in the company, valued at $19,886,667.84. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, insider Anthony D. Fassino sold 4,575 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $329.80, for a total value of $1,508,835.00. Following the sale, the insider now directly owns 23,474 shares of the company’s stock, valued at $7,741,725.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Lange Bob De sold 21,194 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 61,092 shares of the company’s stock, valued at approximately $19,886,667.84. The disclosure for this sale can be found here. Insiders own 0.33% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on CAT. The Goldman Sachs Group raised their price target on shares of Caterpillar from $357.00 to $408.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Truist Financial started coverage on shares of Caterpillar in a research report on Thursday, March 14th. They issued a “buy” rating and a $390.00 price target for the company. Evercore ISI downgraded shares of Caterpillar from an “outperform” rating to an “in-line” rating and upped their price objective for the stock from $321.00 to $338.00 in a report on Tuesday, February 20th. HSBC boosted their target price on shares of Caterpillar from $330.00 to $360.00 and gave the stock a “hold” rating in a research report on Tuesday. Finally, Wells Fargo & Company raised their price target on shares of Caterpillar from $290.00 to $325.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 6th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Caterpillar presently has an average rating of “Hold” and an average target price of $323.35.

Caterpillar Stock Performance

NYSE CAT traded up $1.31 on Friday, hitting $336.75. 1,977,087 shares of the stock traded hands, compared to its average volume of 2,750,444. The firm has a market capitalization of $164.69 billion, a price-to-earnings ratio of 15.21, a PEG ratio of 1.43 and a beta of 1.19. The business’s fifty day moving average is $351.89 and its two-hundred day moving average is $303.11. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.83 and a current ratio of 1.35. Caterpillar Inc. has a 12 month low of $205.60 and a 12 month high of $382.01.

Caterpillar (NYSE:CAT) last announced its quarterly earnings data on Thursday, April 25th. The industrial products company reported $5.60 earnings per share for the quarter, topping the consensus estimate of $5.12 by $0.48. The company had revenue of $15.80 billion during the quarter, compared to analyst estimates of $16.07 billion. Caterpillar had a return on equity of 58.61% and a net margin of 16.79%. As a group, equities analysts anticipate that Caterpillar Inc. will post 21.79 EPS for the current fiscal year.

Caterpillar Announces Dividend

The firm also recently disclosed 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. This represents a $5.20 annualized dividend and a yield of 1.54%. The ex-dividend date is Friday, April 19th. Caterpillar’s dividend payout ratio (DPR) is presently 23.48%.

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.