Burling Wealth Partners LLC Makes New Investment in Caterpillar Inc. (NYSE:CAT)

Burling Wealth Partners LLC bought a new position in shares of Caterpillar Inc. (NYSE:CAT - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 970 shares of the industrial products company's stock, valued at approximately $352,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Flagship Wealth Advisors LLC acquired a new position in Caterpillar in the 4th quarter valued at about $26,000. Halbert Hargrove Global Advisors LLC acquired a new stake in Caterpillar in the 4th quarter worth about $27,000. Cyrus J. Lawrence LLC acquired a new position in shares of Caterpillar during the 4th quarter valued at about $27,000. Noble Wealth Management PBC purchased a new position in shares of Caterpillar during the 4th quarter worth about $31,000. Finally, Retirement Wealth Solutions LLC acquired a new stake in shares of Caterpillar in the fourth quarter worth approximately $34,000. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Caterpillar Trading Down 0.8 %

CAT traded down $2.32 during mid-day trading on Wednesday, reaching $305.08. The stock had a trading volume of 1,895,095 shares, compared to its average volume of 2,619,248. The firm's fifty day simple moving average is $319.66 and its two-hundred day simple moving average is $359.12. The stock has a market capitalization of $145.81 billion, a P/E ratio of 13.82, a P/E/G ratio of 1.87 and a beta of 1.21. 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 earnings results on Wednesday, April 30th. The industrial products company reported $4.25 EPS for the quarter, missing analysts' consensus estimates of $4.35 by ($0.10). The business had revenue of $14.25 billion for the quarter, compared to analyst estimates of $14.64 billion. Caterpillar had a return on equity of 58.18% and a net margin of 16.65%. Caterpillar's revenue was down 9.8% on a year-over-year basis. During the same period in the prior year, the firm posted $5.60 EPS. On average, equities analysts predict that Caterpillar Inc. will post 19.86 EPS for the current year.

Caterpillar Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 20th. Shareholders of record on Monday, April 21st will be issued a dividend of $1.41 per share. This represents a $5.64 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date of this dividend is Monday, April 21st. Caterpillar's dividend payout ratio (DPR) is presently 25.56%.

Insider Buying and Selling

In related news, insider Jason Kaiser sold 2,425 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was 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 approximately $2,225,742.50. This represents a 27.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Gerald Johnson acquired 100 shares of the business's stock in a transaction dated Tuesday, February 4th. The stock was bought at an average cost of $365.57 per share, with a total value of $36,557.00. Following the acquisition, the director now owns 3,053 shares in the company, valued at $1,116,085.21. The trade was a 3.39 % increase in their position. The disclosure for this purchase can be found here. 0.29% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on CAT shares. Raymond James raised Caterpillar from a "market perform" rating to an "outperform" rating in a research note on Monday, February 3rd. Morgan Stanley upgraded shares of Caterpillar from an "underweight" rating to an "equal weight" rating and dropped their price target for the company from $300.00 to $283.00 in a research note on Wednesday, April 16th. Bank of America decreased their price target on Caterpillar from $452.00 to $414.00 and set a "buy" rating for the company in a research note on Friday, January 31st. Evercore ISI increased their price objective on shares of Caterpillar from $365.00 to $375.00 and gave the company an "in-line" rating in a report on Wednesday, February 19th. Finally, StockNews.com lowered Caterpillar from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $361.75.

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.