National Wealth Management Group LLC Invests $630,000 in Caterpillar Inc. $CAT

National Wealth Management Group LLC acquired a new stake in Caterpillar Inc. (NYSE:CAT) in the 3rd quarter, Holdings Channel reports. The firm acquired 1,321 shares of the industrial products company’s stock, valued at approximately $630,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Kilter Group LLC acquired a new stake in Caterpillar in the 2nd quarter worth $27,000. Mid American Wealth Advisory Group Inc. bought a new stake in shares of Caterpillar in the second quarter valued at about $28,000. Marquette Asset Management LLC lifted its stake in shares of Caterpillar by 1,060.0% in the third quarter. Marquette Asset Management LLC now owns 58 shares of the industrial products company’s stock valued at $28,000 after buying an additional 53 shares during the period. RiverPark Advisors LLC acquired a new stake in Caterpillar during the second quarter worth about $32,000. Finally, Joseph Group Capital Management bought a new position in Caterpillar during the third quarter valued at about $32,000. Institutional investors own 70.98% of the company’s stock.

Insider Transactions at Caterpillar

In other Caterpillar news, CFO Andrew R. J. Bonfield sold 10,000 shares of Caterpillar stock in a transaction on Wednesday, December 31st. The stock was sold at an average price of $575.06, for a total value of $5,750,600.00. Following the completion of the transaction, the chief financial officer owned 45,460 shares in the company, valued at approximately $26,142,227.60. The trade was a 18.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Anthony D. Fassino sold 8,184 shares of the stock in a transaction on Monday, November 10th. The stock was sold at an average price of $570.18, for a total value of $4,666,353.12. Following the sale, the insider owned 41,512 shares in the company, valued at $23,669,312.16. The trade was a 16.47% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 54,729 shares of company stock worth $31,084,308. 0.33% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have commented on CAT shares. UBS Group raised their price objective on Caterpillar from $506.00 to $581.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 4th. JPMorgan Chase & Co. lifted their price target on shares of Caterpillar from $730.00 to $740.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 14th. Evercore ISI boosted their price target on shares of Caterpillar from $476.00 to $630.00 and gave the company an “outperform” rating in a report on Monday, November 17th. Sanford C. Bernstein raised their price objective on shares of Caterpillar from $557.00 to $630.00 and gave the stock a “market perform” rating in a report on Friday, December 19th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Caterpillar in a research report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $637.70.

Caterpillar Trading Down 3.3%

Shares of CAT stock opened at $626.71 on Monday. Caterpillar Inc. has a 12-month low of $267.30 and a 12-month high of $655.78. The company has a market capitalization of $293.29 billion, a P/E ratio of 32.17, a P/E/G ratio of 2.42 and a beta of 1.57. The firm has a 50-day moving average price of $594.45 and a 200 day moving average price of $512.14. The company has a quick ratio of 0.86, a current ratio of 1.38 and a debt-to-equity ratio of 1.34.

Caterpillar (NYSE:CAT) last issued its quarterly earnings data on Monday, November 3rd. The industrial products company reported $4.95 earnings per share for the quarter, topping the consensus estimate of $4.52 by $0.43. The firm had revenue of $17.64 billion for the quarter, compared to analysts’ expectations of $16.72 billion. Caterpillar had a net margin of 14.34% and a return on equity of 47.16%. The company’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $5.17 earnings per share. Research analysts forecast that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal year.

Caterpillar Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 19th. Investors of record on Tuesday, January 20th will be issued a dividend of $1.51 per share. This represents a $6.04 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Tuesday, January 20th. Caterpillar’s dividend payout ratio (DPR) is currently 31.01%.

Caterpillar Company Profile

Caterpillar Inc is a global manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and locomotives. The company’s product portfolio includes earthmoving machines such as excavators, bulldozers, wheel loaders and off?highway trucks, as well as a range of power generation products including generator sets and power systems for industrial and commercial use. Caterpillar serves customers across heavy construction, mining, energy, transportation and related industries with both equipment and integrated technology solutions.

In addition to manufacturing, Caterpillar provides a broad range of aftermarket parts and support services, including maintenance, repair, remanufacturing and fleet management tools.