RMR Wealth Builders Increases Position in Caterpillar Inc. (NYSE:CAT)

RMR Wealth Builders grew its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 4.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,475 shares of the industrial products company’s stock after purchasing an additional 60 shares during the quarter. RMR Wealth Builders’ holdings in Caterpillar were worth $535,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Fairscale Capital LLC bought a new stake in Caterpillar in the second quarter worth about $36,000. Capital Performance Advisors LLP bought a new stake in shares of Caterpillar in the 3rd quarter worth approximately $36,000. Kimelman & Baird LLC grew its holdings in Caterpillar by 42.9% during the third quarter. Kimelman & Baird LLC now owns 100 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 30 shares during the period. HWG Holdings LP bought a new stake in shares of Caterpillar in the second quarter valued at $54,000. Finally, SOA Wealth Advisors LLC. lifted its position in shares of Caterpillar by 47.2% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 156 shares of the industrial products company’s stock valued at $61,000 after buying an additional 50 shares during the last quarter. 70.98% of the stock is currently owned by institutional investors.

Caterpillar Price Performance

Shares of CAT stock opened at $374.81 on Thursday. Caterpillar Inc. has a twelve month low of $276.94 and a twelve month high of $418.50. The stock has a market cap of $180.96 billion, a price-to-earnings ratio of 17.38, a PEG ratio of 1.72 and a beta of 1.13. The company has a quick ratio of 0.86, a current ratio of 1.40 and a debt-to-equity ratio of 1.33. The business’s fifty day moving average is $380.79 and its 200 day moving average is $366.26.

Caterpillar (NYSE:CAT) last announced its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $5.17 earnings per share 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 business had revenue of $16.11 billion during the quarter, compared to analysts’ expectations of $16.37 billion. During the same quarter last year, the company posted $5.52 EPS. Caterpillar’s revenue for the quarter was down 4.2% compared to the same quarter last year. Research analysts expect that Caterpillar Inc. will post 21.68 EPS for the current fiscal year.

Caterpillar Announces Dividend

The business 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 $1.41 dividend. The ex-dividend date is Tuesday, January 21st. This represents a $5.64 dividend on an annualized basis and a dividend yield of 1.50%. Caterpillar’s dividend payout ratio is currently 26.15%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. StockNews.com cut Caterpillar from a “buy” rating to a “hold” rating in a report on Thursday, January 9th. JPMorgan Chase & Co. increased their price objective on Caterpillar from $500.00 to $515.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. Bank of America boosted their target price on Caterpillar from $376.00 to $434.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. Truist Financial increased their price target on shares of Caterpillar from $454.00 to $471.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Finally, Robert W. Baird boosted their price objective on shares of Caterpillar from $299.00 to $300.00 and gave the stock an “underperform” rating in a report on Thursday, October 31st. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Caterpillar presently has a consensus rating of “Hold” and a consensus target price of $381.67.

Insider Activity

In related news, CAO William E. Schaupp sold 968 shares of the stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $380.98, for a total transaction of $368,788.64. Following the sale, the chief accounting officer now directly owns 1,686 shares of the company’s stock, valued at approximately $642,332.28. This represents a 36.47 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Gerald Johnson bought 100 shares of the firm’s stock in a transaction on Wednesday, December 4th. The stock was purchased at an average cost of $398.57 per share, with a total value of $39,857.00. Following the completion of the acquisition, the director now directly owns 2,953 shares of the company’s stock, valued at approximately $1,176,977.21. The trade was a 3.51 % increase in their position. The disclosure for this purchase can be found here. Insiders sold 23,868 shares of company stock worth $9,679,489 over the last three months. 0.29% of the stock is currently owned by corporate insiders.

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.