Highline Wealth Partners LLC Boosts Stake in Caterpillar Inc. (NYSE:CAT)

Highline Wealth Partners LLC boosted its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 779.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 211 shares of the industrial products company’s stock after purchasing an additional 187 shares during the quarter. Highline Wealth Partners LLC’s holdings in Caterpillar were worth $77,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Harbor Capital Advisors Inc. increased its stake in shares of Caterpillar by 2.2% during the fourth quarter. Harbor Capital Advisors Inc. now owns 10,843 shares of the industrial products company’s stock worth $3,933,000 after purchasing an additional 237 shares in the last quarter. ORG Wealth Partners LLC increased its position in shares of Caterpillar by 11.8% during the fourth quarter. ORG Wealth Partners LLC now owns 2,445 shares of the industrial products company’s stock worth $887,000 after purchasing an additional 258 shares in the last quarter. ST Germain D J Co. Inc. lifted its holdings in Caterpillar by 29.7% in the 4th quarter. ST Germain D J Co. Inc. now owns 8,345 shares of the industrial products company’s stock valued at $3,027,000 after purchasing an additional 1,910 shares in the last quarter. Baker Tilly Wealth Management LLC grew its holdings in shares of Caterpillar by 18.9% during the fourth quarter. Baker Tilly Wealth Management LLC now owns 1,294 shares of the industrial products company’s stock worth $469,000 after buying an additional 206 shares in the last quarter. Finally, Fortitude Family Office LLC lifted its stake in shares of Caterpillar by 3.6% in the fourth quarter. Fortitude Family Office LLC now owns 1,474 shares of the industrial products company’s stock worth $535,000 after buying an additional 51 shares in the last quarter. 70.98% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Gerald Johnson acquired 100 shares of the firm’s stock in a transaction on Wednesday, December 4th. The stock was bought at an average price of $398.57 per share, for a total transaction of $39,857.00. Following the completion of the purchase, 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 transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO William E. Schaupp sold 968 shares of Caterpillar stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $380.98, for a total value of $368,788.64. Following the sale, the chief accounting officer now owns 1,686 shares in the company, valued at $642,332.28. This trade represents a 36.47 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 23,868 shares of company stock worth $9,679,489 over the last 90 days. 0.29% of the stock is owned by insiders.

Analysts Set New Price Targets

CAT has been the topic of a number of research reports. Robert W. Baird raised 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. JPMorgan Chase & Co. boosted their price target on shares of Caterpillar from $500.00 to $515.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. UBS Group boosted their target price on shares of Caterpillar from $285.00 to $295.00 and gave the company a “sell” rating in a report on Monday, November 4th. Citigroup raised their price target on shares of Caterpillar from $435.00 to $460.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Finally, Morgan Stanley lowered Caterpillar from an “equal weight” rating to an “underweight” rating and lowered their price objective for the stock from $349.00 to $332.00 in a research report on Monday, October 14th. Four analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $384.33.

Caterpillar Stock Down 2.3 %

Shares of Caterpillar stock traded down $8.25 on Friday, reaching $352.82. 1,433,145 shares of the company were exchanged, compared to its average volume of 1,591,711. The stock’s 50 day moving average price is $382.73 and its 200-day moving average price is $365.00. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.40 and a quick ratio of 0.86. Caterpillar Inc. has a 1-year low of $276.94 and a 1-year high of $418.50. The company has a market cap of $170.34 billion, a P/E ratio of 16.36, a price-to-earnings-growth ratio of 1.92 and a beta of 1.13.

Caterpillar (NYSE:CAT) last announced its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $5.17 EPS for the quarter, missing analysts’ consensus estimates of $5.33 by ($0.16). The firm had revenue of $16.11 billion during the quarter, compared to analysts’ expectations of $16.37 billion. Caterpillar had a net margin of 16.26% and a return on equity of 59.09%. The company’s revenue for the quarter was down 4.2% on a year-over-year basis. During the same period in the prior year, the company posted $5.52 earnings per share. As a group, equities analysts forecast that Caterpillar Inc. will post 21.68 EPS for the current year.

Caterpillar Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Tuesday, January 21st will be given a dividend of $1.41 per share. This represents a $5.64 annualized dividend and a dividend yield of 1.60%. The ex-dividend date is Tuesday, January 21st. Caterpillar’s dividend payout ratio (DPR) is presently 26.15%.

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.