Lyell Wealth Management LP Buys 1,271 Shares of Caterpillar Inc. (NYSE:CAT)

Lyell Wealth Management LP increased its stake in shares of Caterpillar Inc. (NYSE:CAT) by 3.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 34,465 shares of the industrial products company’s stock after acquiring an additional 1,271 shares during the quarter. Lyell Wealth Management LP’s holdings in Caterpillar were worth $10,190,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Waterway Wealth Management LLC bought a new position in Caterpillar in the fourth quarter valued at approximately $352,000. Farmers Trust Co. boosted its stake in Caterpillar by 2.7% in the fourth quarter. Farmers Trust Co. now owns 4,490 shares of the industrial products company’s stock valued at $1,328,000 after acquiring an additional 120 shares during the last quarter. Firethorn Wealth Partners LLC boosted its stake in Caterpillar by 19.4% in the fourth quarter. Firethorn Wealth Partners LLC now owns 1,825 shares of the industrial products company’s stock valued at $540,000 after acquiring an additional 296 shares during the last quarter. Panagora Asset Management Inc. boosted its stake in Caterpillar by 16.7% in the third quarter. Panagora Asset Management Inc. now owns 367,655 shares of the industrial products company’s stock valued at $100,370,000 after acquiring an additional 52,576 shares during the last quarter. Finally, Rise Advisors LLC boosted its stake in Caterpillar by 7.8% in the fourth quarter. Rise Advisors LLC now owns 1,074 shares of the industrial products company’s stock valued at $318,000 after acquiring an additional 78 shares during the last quarter. 70.98% of the stock is owned by institutional investors.

Caterpillar Stock Up 0.1 %

CAT stock traded up $0.23 during midday trading on Wednesday, hitting $363.48. The company’s stock had a trading volume of 3,030,552 shares, compared to its average volume of 2,436,106. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.35 and a quick ratio of 0.87. Caterpillar Inc. has a twelve month low of $204.04 and a twelve month high of $382.01. The company’s fifty day moving average price is $349.37 and its 200 day moving average price is $300.03. The stock has a market capitalization of $181.52 billion, a P/E ratio of 18.05, a PEG ratio of 1.59 and a beta of 1.17.

Caterpillar (NYSE:CAT) last announced its quarterly earnings data on Monday, February 5th. The industrial products company reported $5.23 EPS for the quarter, beating analysts’ consensus estimates of $4.76 by $0.47. Caterpillar had a net margin of 15.41% and a return on equity of 56.99%. The company had revenue of $17.07 billion during the quarter, compared to the consensus estimate of $17.06 billion. During the same quarter last year, the firm posted $3.86 EPS. The company’s quarterly revenue was up 2.8% on a year-over-year basis. As a group, equities research analysts predict that Caterpillar Inc. will post 21.32 EPS for the current year.

Caterpillar Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 20th. Stockholders of record on Monday, April 22nd will be given a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date is Friday, April 19th. Caterpillar’s dividend payout ratio (DPR) is presently 25.82%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Truist Financial assumed coverage on shares of Caterpillar in a research report on Thursday, March 14th. They set a “buy” rating and a $390.00 price target on the stock. StockNews.com cut shares of Caterpillar from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 20th. TD Cowen lifted their price target on shares of Caterpillar from $300.00 to $338.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 6th. JPMorgan Chase & Co. raised their price objective on shares of Caterpillar from $385.00 to $435.00 and gave the stock an “overweight” rating in a report on Tuesday, April 16th. Finally, The Goldman Sachs Group raised their price objective on shares of Caterpillar from $357.00 to $408.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the stock. According to MarketBeat, Caterpillar currently has an average rating of “Hold” and a consensus price target of $307.56.

Insider Activity

In other news, CFO Andrew R. J. Bonfield sold 10,000 shares of Caterpillar stock in a transaction dated 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 transaction, 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 legal filing with the SEC, which is accessible through this hyperlink. In related news, CFO Andrew R. J. Bonfield sold 10,000 shares of Caterpillar stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $310.10, for a total transaction of $3,101,000.00. Following the completion of 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 legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Anthony D. Fassino sold 4,575 shares of Caterpillar stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $329.80, for a total transaction of $1,508,835.00. Following the sale, the insider now directly owns 23,474 shares of the company’s stock, valued at approximately $7,741,725.20. The disclosure for this sale can be found here. Insiders sold a total of 45,769 shares of company stock valued at $14,509,306 in the last quarter. Company insiders own 0.33% of the company’s stock.

Caterpillar Company 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.