Winebrenner Capital Management LLC Makes New Investment in Caterpillar Inc. (NYSE:CAT)

Winebrenner Capital Management LLC bought a new stake in Caterpillar Inc. (NYSE:CAT) in the fourth quarter, HoldingsChannel reports. The firm bought 2,640 shares of the industrial products company’s stock, valued at approximately $958,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Goldstone Financial Group LLC purchased a new position in Caterpillar during the 3rd quarter valued at about $619,000. McAdam LLC increased its stake in shares of Caterpillar by 27.8% during the third quarter. McAdam LLC now owns 856 shares of the industrial products company’s stock valued at $335,000 after purchasing an additional 186 shares in the last quarter. Global Trust Asset Management LLC lifted its holdings in shares of Caterpillar by 0.7% during the third quarter. Global Trust Asset Management LLC now owns 9,397 shares of the industrial products company’s stock valued at $3,675,000 after purchasing an additional 68 shares during the last quarter. DT Investment Partners LLC boosted its position in shares of Caterpillar by 0.8% in the 3rd quarter. DT Investment Partners LLC now owns 12,654 shares of the industrial products company’s stock worth $4,949,000 after purchasing an additional 97 shares in the last quarter. Finally, Woodard & Co. Asset Management Group Inc. ADV increased its position in Caterpillar by 3.2% during the 3rd quarter. Woodard & Co. Asset Management Group Inc. ADV now owns 4,626 shares of the industrial products company’s stock valued at $1,809,000 after buying an additional 142 shares in the last quarter. 70.98% of the stock is owned by hedge funds and other institutional investors.

Caterpillar Stock Down 2.7 %

Caterpillar stock opened at $339.84 on Friday. The stock has a market cap of $162.42 billion, a PE ratio of 15.40, a price-to-earnings-growth ratio of 1.89 and a beta of 1.12. 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 fifty day moving average of $369.54 and a 200 day moving average of $372.24. Caterpillar Inc. has a one year low of $307.05 and a one year high of $418.50.

Caterpillar (NYSE:CAT) last issued 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 net margin of 16.65% and a return on equity of 58.18%. As a group, sell-side analysts predict that Caterpillar Inc. will post 19.86 EPS for the current year.

Caterpillar Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Tuesday, January 21st were given a dividend of $1.41 per share. This represents a $5.64 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date was Tuesday, January 21st. Caterpillar’s payout ratio is 25.56%.

Analysts Set New Price Targets

Several research firms have commented on CAT. Truist Financial dropped their target price on Caterpillar from $455.00 to $438.00 and set a “buy” rating on the stock in a report on Monday, February 3rd. Bank of America dropped their price target on shares of Caterpillar from $452.00 to $414.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. DA Davidson raised their price objective on shares of Caterpillar from $350.00 to $357.00 and gave the company a “neutral” rating in a research note on Tuesday, February 4th. Robert W. Baird upped their target price on shares of Caterpillar from $299.00 to $300.00 and gave the stock an “underperform” rating in a research note on Thursday, October 31st. Finally, Citigroup raised their price target on shares of Caterpillar from $420.00 to $430.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $383.80.

Insider Transactions at Caterpillar

In other news, insider Anthony D. Fassino sold 6,279 shares of the stock in a transaction on Friday, November 29th. The shares were 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 $13,714,323.35. This represents a 15.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of Caterpillar stock in a transaction on 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 transaction, the chief financial officer now owns 45,182 shares in the company, valued at approximately $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 18,704 shares of company stock worth $7,226,584 in the last three months. Corporate insiders own 0.29% of the company’s stock.

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.