Investor s Fiduciary Advisor Network LLC Takes Position in Caterpillar Inc. (NYSE:CAT)

Investor s Fiduciary Advisor Network LLC purchased a new stake in Caterpillar Inc. (NYSE:CAT - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 10,205 shares of the industrial products company's stock, valued at approximately $3,701,000. Caterpillar makes up 1.4% of Investor s Fiduciary Advisor Network LLC's investment portfolio, making the stock its 11th biggest holding.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CAT. West Wealth Group LLC purchased a new position in shares of Caterpillar in the 4th quarter worth approximately $230,000. Cadinha & Co. LLC purchased a new position in Caterpillar in the fourth quarter worth $11,084,000. Atomi Financial Group Inc. increased its position in shares of Caterpillar by 3.9% during the fourth quarter. Atomi Financial Group Inc. now owns 23,193 shares of the industrial products company's stock worth $8,414,000 after purchasing an additional 871 shares in the last quarter. Proficio Capital Partners LLC lifted its holdings in shares of Caterpillar by 38.3% during the 4th quarter. Proficio Capital Partners LLC now owns 2,218 shares of the industrial products company's stock valued at $805,000 after purchasing an additional 614 shares during the last quarter. Finally, Zhang Financial LLC boosted its position in shares of Caterpillar by 8.7% in the 4th quarter. Zhang Financial LLC now owns 9,158 shares of the industrial products company's stock worth $3,322,000 after purchasing an additional 736 shares in the last quarter. 70.98% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on CAT shares. Evercore ISI increased their price target on Caterpillar from $365.00 to $375.00 and gave the company an "in-line" rating in a research note on Wednesday, February 19th. Oppenheimer raised shares of Caterpillar from a "market perform" rating to an "outperform" rating and set a $395.00 price objective for the company in a research report on Thursday, May 1st. Wedbush upgraded shares of Caterpillar to an "outperform" rating in a research note on Monday, February 3rd. DA Davidson lifted their price objective on shares of Caterpillar from $325.00 to $331.00 and gave the stock a "neutral" rating in a research note on Monday, May 5th. Finally, Robert W. Baird raised shares of Caterpillar from a "neutral" rating to an "outperform" rating and boosted their price objective for the company from $309.00 to $395.00 in a report on Tuesday. Six investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $375.50.

Caterpillar Stock Performance

Shares of Caterpillar stock traded up $3.79 during trading on Friday, hitting $353.60. 2,548,514 shares of the company's stock were exchanged, compared to its average volume of 2,639,952. The stock has a market capitalization of $166.56 billion, a price-to-earnings ratio of 16.02, a PEG ratio of 1.87 and a beta of 1.35. The business has a 50-day simple moving average of $317.14 and a 200-day simple moving average of $354.32. Caterpillar Inc. has a 52-week low of $267.30 and a 52-week high of $418.50. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.89 and a current ratio of 1.42.

Caterpillar (NYSE:CAT - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $4.25 earnings per share for the quarter, missing analysts' consensus estimates of $4.35 by ($0.10). Caterpillar had a net margin of 16.65% and a return on equity of 58.18%. The company had revenue of $14.25 billion for the quarter, compared to analysts' expectations of $14.64 billion. During the same quarter in the previous year, the business posted $5.60 EPS. The business's quarterly revenue was down 9.8% on a year-over-year basis. On average, research analysts forecast that Caterpillar Inc. will post 19.86 EPS for the current year.

Caterpillar Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 20th. Shareholders of record on Monday, April 21st will be issued a $1.41 dividend. This represents a $5.64 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date of this dividend is Monday, April 21st. Caterpillar's payout ratio is presently 27.49%.

Insider Transactions at Caterpillar

In other news, Director David Maclennan purchased 375 shares of the stock in a transaction that occurred on Wednesday, May 7th. The shares were purchased at an average cost of $320.70 per share, with a total value of $120,262.50. Following the completion of the acquisition, the director now owns 6,653 shares of the company's stock, valued at approximately $2,133,617.10. This represents a 5.97% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jason Kaiser sold 2,425 shares of Caterpillar stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $354.70, for a total transaction of $860,147.50. Following the completion of the transaction, the insider now directly owns 6,275 shares of the company's stock, valued at $2,225,742.50. The trade was a 27.87% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.33% 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.