BNC Wealth Management LLC Has $3.84 Million Position in Caterpillar Inc. (NYSE:CAT)

BNC Wealth Management LLC lifted its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 5.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,574 shares of the industrial products company’s stock after purchasing an additional 550 shares during the quarter. Caterpillar accounts for about 1.3% of BNC Wealth Management LLC’s portfolio, making the stock its 28th biggest position. BNC Wealth Management LLC’s holdings in Caterpillar were worth $3,836,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Retirement Wealth Solutions LLC acquired a new stake in Caterpillar in the 4th quarter valued at approximately $34,000. Fairscale Capital LLC acquired a new stake in Caterpillar in the 2nd quarter valued at approximately $36,000. Capital Performance Advisors LLP acquired a new stake in Caterpillar in the 3rd quarter valued at approximately $36,000. Kimelman & Baird LLC grew its stake in Caterpillar by 42.9% in 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 in the last quarter. Finally, Trivant Custom Portfolio Group LLC grew its stake in Caterpillar by 130.0% in the fourth quarter. Trivant Custom Portfolio Group LLC now owns 115 shares of the industrial products company’s stock valued at $42,000 after purchasing an additional 65 shares in the last quarter. Institutional investors and hedge funds own 70.98% of the company’s stock.

Insiders Place Their Bets

In other Caterpillar news, insider Cheryl H. Johnson sold 2,664 shares of the company’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $378.84, for a total value of $1,009,229.76. Following the sale, the insider now owns 12,951 shares in the company, valued at approximately $4,906,356.84. The trade was a 17.06 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the company’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $380.09, for a total value of $3,800,900.00. Following the completion of the sale, the chief financial officer now owns 45,182 shares in the company, valued at $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 a total of 33,868 shares of company stock valued at $13,480,389 in the last 90 days. Corporate insiders own 0.29% of the company’s stock.

Caterpillar Price Performance

Shares of NYSE CAT opened at $386.03 on Friday. The stock has a market capitalization of $186.38 billion, a PE ratio of 17.90, a P/E/G ratio of 1.72 and a beta of 1.13. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.40 and a quick ratio of 0.86. The business has a fifty day moving average price of $380.09 and a two-hundred day moving average price of $367.03. Caterpillar Inc. has a fifty-two week low of $277.66 and a fifty-two week high of $418.50.

Caterpillar (NYSE:CAT) last posted its quarterly earnings results 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). Caterpillar had a return on equity of 59.09% and a net margin of 16.26%. The business had revenue of $16.11 billion for the quarter, compared to analyst estimates of $16.37 billion. During the same period last year, the firm posted $5.52 EPS. Caterpillar’s quarterly revenue was down 4.2% on a year-over-year basis. As a group, equities analysts predict that Caterpillar Inc. will post 21.68 earnings per share for the current fiscal year.

Caterpillar Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Tuesday, January 21st will be issued a $1.41 dividend. The ex-dividend date of this dividend is Tuesday, January 21st. This represents a $5.64 dividend on an annualized basis and a yield of 1.46%. Caterpillar’s payout ratio is presently 26.15%.

Analyst Ratings Changes

A number of research firms have weighed in on CAT. Truist Financial decreased their price target on Caterpillar from $471.00 to $455.00 and set a “buy” rating for the company in a research note on Thursday. Bank of America raised their price target on Caterpillar from $376.00 to $434.00 and gave the company a “buy” rating in a research note on Monday, September 30th. Robert W. Baird lifted their target price on Caterpillar from $299.00 to $300.00 and gave the stock an “underperform” rating in a research note on Thursday, October 31st. Jefferies Financial Group lifted their target price on Caterpillar from $455.00 to $475.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Finally, UBS Group lifted their target price on Caterpillar from $285.00 to $295.00 and gave the stock a “sell” rating in a research note on Monday, November 4th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $380.60.

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.