Boomfish Wealth Group LLC Has $241,000 Position in Caterpillar Inc. (NYSE:CAT)

Boomfish Wealth Group LLC boosted its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 15.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 663 shares of the industrial products company’s stock after buying an additional 91 shares during the period. Boomfish Wealth Group LLC’s holdings in Caterpillar were worth $241,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Nordea Investment Management AB boosted its stake in Caterpillar by 1.6% during the 4th quarter. Nordea Investment Management AB now owns 635,750 shares of the industrial products company’s stock valued at $231,686,000 after purchasing an additional 10,212 shares during the last quarter. West Wealth Group LLC bought a new position in shares of Caterpillar in the fourth quarter valued at approximately $230,000. Alpha Cubed Investments LLC boosted its position in shares of Caterpillar by 5.6% during the third quarter. Alpha Cubed Investments LLC now owns 116,566 shares of the industrial products company’s stock valued at $45,591,000 after buying an additional 6,212 shares during the last quarter. Citizens Financial Group Inc. RI grew its holdings in Caterpillar by 43.0% during the third quarter. Citizens Financial Group Inc. RI now owns 13,902 shares of the industrial products company’s stock worth $5,437,000 after buying an additional 4,181 shares in the last quarter. Finally, Cadinha & Co. LLC purchased a new stake in Caterpillar in the 4th quarter valued at $11,084,000. 70.98% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on CAT shares. Evercore ISI raised shares of Caterpillar from an “underperform” rating to an “in-line” rating and set a $365.00 price objective on the stock in a report on Monday, January 13th. StockNews.com cut shares of Caterpillar from a “buy” rating to a “hold” rating in a report on Friday, January 17th. JPMorgan Chase & Co. lifted their target price on shares of Caterpillar from $500.00 to $515.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. Citigroup cut their target price on Caterpillar from $460.00 to $420.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Finally, UBS Group lifted their price target on Caterpillar from $295.00 to $355.00 and gave the stock a “sell” rating in a report on Tuesday. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat, Caterpillar presently has an average rating of “Hold” and an average target price of $384.60.

Caterpillar Trading Down 4.4 %

Shares of CAT stock opened at $375.98 on Friday. Caterpillar Inc. has a 1 year low of $299.93 and a 1 year high of $418.50. The company’s fifty day simple moving average is $381.68 and its two-hundred day simple moving average is $370.78. 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 stock has a market capitalization of $181.52 billion, a price-to-earnings ratio of 17.43, a PEG ratio of 2.05 and a beta of 1.13.

Caterpillar (NYSE:CAT) last posted its earnings results on Thursday, January 30th. The industrial products company reported $5.14 earnings per share for the quarter, beating analysts’ consensus estimates of $4.97 by $0.17. Caterpillar had a return on equity of 59.09% and a net margin of 16.26%. As a group, analysts anticipate that Caterpillar Inc. will post 21.71 earnings per share for the current year.

Caterpillar Announces Dividend

The company also recently declared 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. This represents a $5.64 annualized dividend and a yield of 1.50%. The ex-dividend date of this dividend is Tuesday, January 21st. Caterpillar’s payout ratio is 26.15%.

Insider Activity

In related news, Director Gerald Johnson purchased 100 shares of the business’s stock in a transaction on Wednesday, December 4th. The stock was acquired at an average price of $398.57 per share, with a total value of $39,857.00. Following the purchase, the director now directly owns 2,953 shares in the company, valued at approximately $1,176,977.21. This represents a 3.51 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the firm’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $380.09, for a total transaction of $3,800,900.00. Following the sale, the chief financial officer now owns 45,182 shares in the company, valued at approximately $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 32,900 shares of company stock worth $13,111,601 in the last three months. Corporate insiders own 0.29% of the company’s stock.

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.