Caterpillar Inc. (NYSE:CAT) Shares Bought by Dechtman Wealth Management LLC

Dechtman Wealth Management LLC increased its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 29.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 852 shares of the industrial products company’s stock after acquiring an additional 192 shares during the quarter. Dechtman Wealth Management LLC’s holdings in Caterpillar were worth $309,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Nordea Investment Management AB increased its holdings in shares of Caterpillar by 1.6% in the fourth quarter. Nordea Investment Management AB now owns 635,750 shares of the industrial products company’s stock valued at $231,686,000 after purchasing an additional 10,212 shares during the last quarter. West Wealth Group LLC acquired a new position in shares of Caterpillar during the 4th quarter valued at about $230,000. Cadinha & Co. LLC purchased a new stake in shares of Caterpillar in the fourth quarter valued at about $11,084,000. Atomi Financial Group Inc. increased its position in Caterpillar by 3.9% during the fourth quarter. Atomi Financial Group Inc. now owns 23,193 shares of the industrial products company’s stock worth $8,414,000 after purchasing an additional 871 shares during the last quarter. Finally, Copley Financial Group Inc. acquired a new position in Caterpillar in the 3rd quarter valued at about $800,000. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Insider Buying and Selling at Caterpillar

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 completion of the transaction, the insider now directly owns 6,275 shares of the company’s stock, valued at $2,225,742.50. This trade represents a 27.87 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Gerald Johnson purchased 100 shares of the company’s stock in a transaction on Tuesday, February 4th. The shares were bought at an average cost of $365.57 per share, with a total value of $36,557.00. Following the transaction, the director now directly owns 3,053 shares of the company’s stock, valued at $1,116,085.21. This represents a 3.39 % increase in their position. The disclosure for this purchase can be found here. 0.29% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on CAT. Raymond James raised shares of Caterpillar from a “market perform” rating to an “outperform” rating in a research report on Monday, February 3rd. Wedbush upgraded shares of Caterpillar to an “outperform” rating in a research note on Monday, February 3rd. UBS Group upgraded Caterpillar from a “sell” rating to a “neutral” rating and raised their price target for the company from $355.00 to $385.00 in a research note on Monday, February 3rd. Jefferies Financial Group upped their price objective on Caterpillar from $455.00 to $475.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Finally, StockNews.com cut Caterpillar from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $383.80.

Caterpillar Stock Performance

Shares of CAT opened at $342.65 on Wednesday. Caterpillar Inc. has a 1 year low of $307.05 and a 1 year high of $418.50. The stock has a market capitalization of $163.76 billion, a P/E ratio of 15.53, a P/E/G ratio of 1.87 and a beta of 1.15. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.89 and a current ratio of 1.42. The company’s fifty day moving average is $357.63 and its two-hundred day moving average is $372.46.

Caterpillar (NYSE:CAT) last announced its quarterly earnings data on Thursday, January 30th. The industrial products company reported $5.14 EPS for the quarter, beating analysts’ consensus estimates of $4.97 by $0.17. Caterpillar had a net margin of 16.65% and a return on equity of 58.18%. On average, sell-side analysts predict that Caterpillar Inc. will post 19.86 earnings per share for the current year.

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.