6,712 Shares in Caterpillar Inc. (NYSE:CAT) Bought by Tyche Wealth Partners LLC

Tyche Wealth Partners LLC acquired a new position in shares of Caterpillar Inc. (NYSE:CAT) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 6,712 shares of the industrial products company’s stock, valued at approximately $1,985,000.

Other institutional investors also recently made changes to their positions in the company. Atlas Capital Advisors LLC raised its holdings in shares of Caterpillar by 272.4% in the first quarter. Atlas Capital Advisors LLC now owns 108 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 79 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its position in shares of Caterpillar by 730.8% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 108 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 95 shares during the period. Gilfoyle & Co LLC purchased a new stake in shares of Caterpillar in the fourth quarter valued at $30,000. A.P. Gilfoyle & Co. L.P. purchased a new stake in shares of Caterpillar in the fourth quarter valued at $30,000. Finally, First Capital Advisors Group LLC. purchased a new stake in Caterpillar during the second quarter valued at about $30,000. 70.98% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CFO Andrew R. J. Bonfield sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $310.10, for a total value of $3,101,000.00. Following the sale, the chief financial officer now owns 57,317 shares of the company’s stock, valued at approximately $17,774,001.70. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, insider Anthony D. Fassino sold 4,575 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $329.80, for a total value of $1,508,835.00. Following the sale, the insider now directly owns 23,474 shares in the company, valued at approximately $7,741,725.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $310.10, for a total value of $3,101,000.00. Following the completion of the sale, the chief financial officer now owns 57,317 shares in the company, valued at $17,774,001.70. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 45,769 shares of company stock valued at $14,509,306. Insiders own 0.33% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on CAT shares. Sanford C. Bernstein boosted their price target on Caterpillar from $216.00 to $245.00 and gave the company a “market perform” rating in a research report on Thursday, December 21st. Morgan Stanley assumed coverage on Caterpillar in a research report on Monday, January 8th. They issued an “equal weight” rating and a $270.00 target price for the company. Evercore ISI downgraded Caterpillar from an “outperform” rating to an “in-line” rating and upped their target price for the stock from $321.00 to $338.00 in a research report on Tuesday, February 20th. Stifel Nicolaus upped their target price on Caterpillar from $285.00 to $293.00 and gave the stock a “buy” rating in a research report on Tuesday, December 19th. Finally, Citigroup upped their target price on Caterpillar from $255.00 to $340.00 and gave the stock a “neutral” rating in a research report on Monday, February 12th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $307.56.

Caterpillar Stock Performance

NYSE:CAT traded down $4.26 during trading hours on Tuesday, reaching $359.65. 2,513,939 shares of the stock were exchanged, compared to its average volume of 2,436,917. The company has a quick ratio of 0.87, a current ratio of 1.35 and a debt-to-equity ratio of 1.25. The firm has a 50 day simple moving average of $343.80 and a 200-day simple moving average of $295.74. Caterpillar Inc. has a 52 week low of $204.04 and a 52 week high of $382.01. The stock has a market capitalization of $179.61 billion, a P/E ratio of 17.86, a P/E/G ratio of 1.63 and a beta of 1.17.

Caterpillar (NYSE:CAT) last announced its quarterly earnings results on Monday, February 5th. The industrial products company reported $5.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.76 by $0.47. The business had revenue of $17.07 billion for the quarter, compared to the consensus estimate of $17.06 billion. Caterpillar had a return on equity of 56.99% and a net margin of 15.41%. The business’s revenue was up 2.8% on a year-over-year basis. During the same quarter last year, the business posted $3.86 EPS. As a group, sell-side analysts forecast that Caterpillar Inc. will post 21.33 earnings per share for the current fiscal year.

Caterpillar Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, May 20th. Investors of record on Monday, April 22nd will be issued a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 1.45%. The ex-dividend date is Friday, April 19th. Caterpillar’s dividend payout ratio (DPR) is 25.82%.

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.