MinichMacGregor Wealth Management LLC Has $481,000 Holdings in Caterpillar Inc. (NYSE:CAT)

MinichMacGregor Wealth Management LLC raised its position in Caterpillar Inc. (NYSE:CAT) by 8.2% during the fourth quarter, Holdings Channel reports. The firm owned 1,327 shares of the industrial products company’s stock after purchasing an additional 101 shares during the period. MinichMacGregor Wealth Management LLC’s holdings in Caterpillar were worth $481,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the company. Traynor Capital Management Inc. boosted its position in Caterpillar by 17.6% during the fourth quarter. Traynor Capital Management Inc. now owns 13,260 shares of the industrial products company’s stock valued at $4,810,000 after acquiring an additional 1,989 shares during the last quarter. Hudson Capital Management LLC lifted its stake in shares of Caterpillar by 0.6% in the 4th quarter. Hudson Capital Management LLC now owns 10,895 shares of the industrial products company’s stock valued at $3,952,000 after purchasing an additional 66 shares during the period. Magnus Financial Group LLC boosted its position in shares of Caterpillar by 15.7% during the 4th quarter. Magnus Financial Group LLC now owns 3,652 shares of the industrial products company’s stock valued at $1,325,000 after purchasing an additional 496 shares in the last quarter. Albion Financial Group UT grew its stake in Caterpillar by 334.8% during the fourth quarter. Albion Financial Group UT now owns 100 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 77 shares during the period. Finally, Advisory Alpha LLC increased its holdings in Caterpillar by 3.4% in the fourth quarter. Advisory Alpha LLC now owns 4,990 shares of the industrial products company’s stock worth $1,810,000 after purchasing an additional 163 shares in the last quarter. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Caterpillar

In other news, CAO William E. Schaupp sold 968 shares of the stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $380.98, for a total transaction of $368,788.64. Following the completion of the transaction, the chief accounting officer now directly owns 1,686 shares of the company’s stock, valued at $642,332.28. This represents a 36.47 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of Caterpillar stock in a transaction that occurred on Thursday, January 16th. The stock was 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 directly owns 45,182 shares in the company, valued at $17,173,226.38. This trade represents a 18.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 33,868 shares of company stock worth $13,480,389 in the last quarter. 0.29% of the stock is currently owned by company insiders.

Caterpillar Stock Performance

NYSE CAT opened at $397.68 on Thursday. The company has a fifty day moving average price of $379.99 and a 200-day moving average price of $368.17. The firm has a market cap of $192.00 billion, a price-to-earnings ratio of 18.44, a PEG ratio of 1.97 and a beta of 1.13. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.40 and a quick ratio of 0.86. Caterpillar Inc. has a 1 year low of $287.52 and a 1 year high of $418.50.

Caterpillar (NYSE:CAT) last issued its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $5.17 earnings per share (EPS) 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 firm had revenue of $16.11 billion during the quarter, compared to the consensus estimate of $16.37 billion. During the same period in the previous year, the company posted $5.52 earnings per share. The company’s revenue for the quarter was down 4.2% on a year-over-year basis. As a group, equities research analysts predict that Caterpillar Inc. will post 21.69 EPS for the current fiscal year.

Caterpillar Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Tuesday, January 21st will be given a $1.41 dividend. The ex-dividend date of this dividend is Tuesday, January 21st. This represents a $5.64 annualized dividend and a yield of 1.42%. Caterpillar’s dividend payout ratio is currently 26.15%.

Analyst Ratings Changes

CAT has been the subject of several recent analyst reports. Bank of America raised their price objective on shares of Caterpillar from $376.00 to $434.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. UBS Group raised their price target on shares of Caterpillar from $285.00 to $295.00 and gave the stock a “sell” rating in a report on Monday, November 4th. Citigroup dropped their price objective on shares of Caterpillar from $460.00 to $420.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Robert W. Baird raised their target price on Caterpillar from $299.00 to $300.00 and gave the company an “underperform” rating in a research note on Thursday, October 31st. Finally, Truist Financial dropped their price target on Caterpillar from $471.00 to $455.00 and set a “buy” rating on the stock in a research note on Thursday, January 16th. Three equities research 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 MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $380.60.

Caterpillar 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.