Retirement Guys Formula LLC Grows Stake in Caterpillar Inc. (NYSE:CAT)

Retirement Guys Formula LLC raised its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 1.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,108 shares of the industrial products company’s stock after buying an additional 50 shares during the period. Retirement Guys Formula LLC’s holdings in Caterpillar were worth $1,490,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of CAT. Carnegie Investment Counsel boosted its position in shares of Caterpillar by 24.3% during the third quarter. Carnegie Investment Counsel now owns 2,677 shares of the industrial products company’s stock valued at $1,047,000 after buying an additional 524 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH boosted its position in shares of Caterpillar by 99.4% during the third quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 1,747 shares of the industrial products company’s stock valued at $683,000 after buying an additional 871 shares during the period. Empirical Asset Management LLC boosted its position in shares of Caterpillar by 3.4% during the third quarter. Empirical Asset Management LLC now owns 1,373 shares of the industrial products company’s stock valued at $537,000 after buying an additional 45 shares during the period. Fiduciary Alliance LLC boosted its holdings in shares of Caterpillar by 26.4% in the third quarter. Fiduciary Alliance LLC now owns 1,187 shares of the industrial products company’s stock valued at $464,000 after purchasing an additional 248 shares during the period. Finally, CX Institutional boosted its holdings in shares of Caterpillar by 872.0% in the third quarter. CX Institutional now owns 26,788 shares of the industrial products company’s stock valued at $10,477,000 after purchasing an additional 24,032 shares during the period. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Truist Financial reduced their price objective on shares of Caterpillar from $455.00 to $438.00 and set a “buy” rating for the company in a research note on Monday, February 3rd. Evercore ISI raised shares of Caterpillar from an “underperform” rating to an “in-line” rating and set a $365.00 price objective for the company in a research note on Monday, January 13th. Bank of America reduced their price objective 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. DA Davidson boosted their price objective on shares of Caterpillar from $350.00 to $357.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 4th. Finally, Robert W. Baird upped 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 equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $383.13.

Caterpillar Price Performance

Shares of CAT opened at $362.61 on Wednesday. The firm has a market capitalization of $175.07 billion, a PE ratio of 16.43, a price-to-earnings-growth ratio of 1.94 and a beta of 1.12. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.42 and a quick ratio of 0.89. Caterpillar Inc. has a 1-year low of $307.05 and a 1-year high of $418.50. The company’s fifty day moving average price is $375.80 and its 200-day moving average price is $371.86.

Caterpillar (NYSE:CAT) last posted its quarterly earnings results on Thursday, January 30th. The industrial products company reported $5.14 EPS for the quarter, beating 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%. On average, equities research analysts predict that Caterpillar Inc. will post 20.05 EPS for the current year.

Caterpillar Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Tuesday, January 21st will be paid a dividend of $1.41 per share. This represents a $5.64 annualized dividend and a dividend yield of 1.56%. The ex-dividend date is Tuesday, January 21st. Caterpillar’s payout ratio is currently 25.56%.

Insider Transactions at Caterpillar

In related news, CFO Andrew R. J. Bonfield sold 10,000 shares of the company’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $380.09, for a total transaction of $3,800,900.00. Following the completion of the transaction, the chief financial officer now owns 45,182 shares in the company, valued at $17,173,226.38. This represents a 18.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gerald Johnson purchased 100 shares of Caterpillar stock in a transaction that occurred on Tuesday, February 4th. The shares were bought at an average price of $365.57 per share, with a total value of $36,557.00. Following the transaction, the director now owns 3,053 shares in the company, valued at approximately $1,116,085.21. The trade was a 3.39 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.29% of the company’s stock.

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.