3,326 Shares in Caterpillar Inc. (NYSE:CAT) Bought by Golden State Wealth Management LLC

Golden State Wealth Management LLC purchased a new position in shares of Caterpillar Inc. (NYSE:CAT) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 3,326 shares of the industrial products company’s stock, valued at approximately $1,207,000.

A number of other hedge funds have also bought and sold shares of the company. SMART Wealth LLC increased its stake in Caterpillar by 60.4% during the fourth quarter. SMART Wealth LLC now owns 2,274 shares of the industrial products company’s stock valued at $825,000 after purchasing an additional 856 shares during the last quarter. Global X Japan Co. Ltd. grew its position in shares of Caterpillar by 7.1% during the 4th quarter. Global X Japan Co. Ltd. now owns 1,344 shares of the industrial products company’s stock valued at $488,000 after buying an additional 89 shares during the last quarter. Beese Fulmer Investment Management Inc. raised its stake in Caterpillar by 0.3% during the fourth quarter. Beese Fulmer Investment Management Inc. now owns 16,209 shares of the industrial products company’s stock worth $5,880,000 after acquiring an additional 53 shares during the period. Fairvoy Private Wealth LLC bought a new position in Caterpillar in the fourth quarter worth about $759,000. Finally, Ameliora Wealth Management Ltd. boosted its stake in Caterpillar by 13.0% in the fourth quarter. Ameliora Wealth Management Ltd. now owns 565 shares of the industrial products company’s stock valued at $205,000 after acquiring an additional 65 shares during the period. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on CAT shares. UBS Group raised Caterpillar from a “sell” rating to a “neutral” rating and raised their price target for the stock from $355.00 to $385.00 in a report on Monday. Jefferies Financial Group increased their price objective on shares of Caterpillar from $455.00 to $475.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Evercore ISI upgraded shares of Caterpillar from an “underperform” rating to an “in-line” rating and set a $365.00 price target on the stock in a research note on Monday, January 13th. Bank of America decreased their price objective on Caterpillar from $452.00 to $414.00 and set a “buy” rating for the company in a report on Friday, January 31st. Finally, Robert W. Baird boosted their price target on Caterpillar from $299.00 to $300.00 and gave the stock an “underperform” rating in a research report on Thursday, October 31st. Two analysts have rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, Caterpillar has a consensus rating of “Hold” and a consensus target price of $383.13.

Insider Transactions at Caterpillar

In other Caterpillar news, Director Gerald Johnson purchased 100 shares of the stock in a transaction dated Wednesday, December 4th. The shares were acquired at an average price of $398.57 per share, for a total transaction of $39,857.00. Following the completion of the acquisition, the director now owns 2,953 shares of the company’s stock, valued at $1,176,977.21. This represents a 3.51 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Anthony D. Fassino sold 6,279 shares of the stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $408.59, for a total value of $2,565,536.61. Following the completion of the sale, the insider now directly owns 33,565 shares of the company’s stock, valued at approximately $13,714,323.35. This represents a 15.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.29% of the stock is currently owned by insiders.

Caterpillar Trading Up 1.9 %

Shares of NYSE:CAT opened at $365.54 on Friday. 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 stock has a market capitalization of $176.48 billion, a price-to-earnings ratio of 16.56, a PEG ratio of 1.95 and a beta of 1.12. Caterpillar Inc. has a 1-year low of $307.05 and a 1-year high of $418.50. The company has a 50 day moving average price of $378.20 and a 200 day moving average price of $371.22.

Caterpillar (NYSE:CAT) last released its quarterly earnings data on Thursday, January 30th. The industrial products company reported $5.14 earnings per share for the quarter, topping the consensus estimate of $4.97 by $0.17. Caterpillar had a return on equity of 58.18% and a net margin of 16.65%. On average, research analysts anticipate that Caterpillar Inc. will post 21.45 EPS for the current fiscal year.

Caterpillar Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Tuesday, January 21st will be paid a dividend of $1.41 per share. This represents a $5.64 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date of this dividend is Tuesday, January 21st. Caterpillar’s dividend payout ratio is presently 25.56%.

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.