ACT Wealth Management LLC Acquires 36 Shares of Caterpillar Inc. (NYSE:CAT)

ACT Wealth Management LLC grew its holdings in Caterpillar Inc. (NYSE:CAT) by 4.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 877 shares of the industrial products company’s stock after acquiring an additional 36 shares during the quarter. ACT Wealth Management LLC’s holdings in Caterpillar were worth $259,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Cornerstone Wealth Management LLC grew its stake in Caterpillar by 1.0% in the fourth quarter. Cornerstone Wealth Management LLC now owns 3,507 shares of the industrial products company’s stock valued at $1,037,000 after acquiring an additional 36 shares during the period. Farther Finance Advisors LLC lifted its holdings in shares of Caterpillar by 6.6% in the second quarter. Farther Finance Advisors LLC now owns 595 shares of the industrial products company’s stock valued at $146,000 after purchasing an additional 37 shares in the last quarter. Cooper Haims Advisors LLC lifted its holdings in shares of Caterpillar by 1.9% in the second quarter. Cooper Haims Advisors LLC now owns 2,010 shares of the industrial products company’s stock valued at $495,000 after purchasing an additional 38 shares in the last quarter. Caprock Group LLC lifted its holdings in shares of Caterpillar by 0.4% in the third quarter. Caprock Group LLC now owns 9,891 shares of the industrial products company’s stock valued at $2,700,000 after purchasing an additional 39 shares in the last quarter. Finally, Webster Bank N. A. lifted its holdings in shares of Caterpillar by 0.3% in the third quarter. Webster Bank N. A. now owns 14,639 shares of the industrial products company’s stock valued at $3,996,000 after purchasing an additional 40 shares in the last quarter. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CAT has been the topic of a number of recent analyst reports. Citigroup lifted their price target on Caterpillar from $255.00 to $340.00 and gave the stock a “neutral” rating in a report on Monday, February 12th. Stifel Nicolaus boosted their target price on Caterpillar from $285.00 to $293.00 and gave the company a “buy” rating in a research note on Tuesday, December 19th. Morgan Stanley initiated coverage on Caterpillar in a research note on Monday, January 8th. They issued an “equal weight” rating and a $270.00 target price on the stock. Truist Financial initiated coverage on Caterpillar in a research report on Thursday, March 14th. They issued a “buy” rating and a $390.00 price target for the company. Finally, The Goldman Sachs Group lifted their price target on Caterpillar from $274.00 to $357.00 and gave the company a “buy” rating in a research report on Tuesday, February 6th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $297.89.

Caterpillar Price Performance

NYSE:CAT opened at $363.70 on Thursday. The company has a quick ratio of 0.87, a current ratio of 1.35 and a debt-to-equity ratio of 1.25. The business’s 50-day simple moving average is $325.46 and its two-hundred day simple moving average is $287.19. The stock has a market cap of $181.63 billion, a PE ratio of 18.11, a P/E/G ratio of 1.70 and a beta of 1.16. Caterpillar Inc. has a 52 week low of $204.04 and a 52 week high of $365.52.

Caterpillar (NYSE:CAT) last issued its quarterly earnings data on Monday, February 5th. The industrial products company reported $5.23 earnings per share for the quarter, beating analysts’ consensus estimates of $4.76 by $0.47. The firm had revenue of $17.07 billion during the quarter, compared to analyst estimates of $17.06 billion. Caterpillar had a return on equity of 56.99% and a net margin of 15.41%. The business’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter last year, the business posted $3.86 earnings per share. As a group, analysts forecast that Caterpillar Inc. will post 21.25 EPS for the current fiscal year.

Insider Activity

In related news, insider Lange Bob De sold 21,194 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $325.52, for a total value of $6,899,070.88. Following the completion of the transaction, the insider now owns 61,092 shares of the company’s stock, valued at $19,886,667.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Caterpillar news, insider Lange Bob De sold 21,194 shares of Caterpillar stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $325.52, for a total value of $6,899,070.88. Following the transaction, the insider now directly owns 61,092 shares of the company’s stock, valued at $19,886,667.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David Maclennan purchased 350 shares of the business’s stock in a transaction on Friday, February 23rd. The stock was purchased at an average cost of $323.37 per share, for a total transaction of $113,179.50. Following the completion of the acquisition, the director now directly owns 5,238 shares of the company’s stock, valued at approximately $1,693,812.06. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 45,769 shares of company stock valued at $14,509,306. Corporate 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.