728 Shares in Caterpillar Inc. (NYSE:CAT) Purchased by Capitol Family Office Inc.

Capitol Family Office Inc. acquired a new position in Caterpillar Inc. (NYSE:CAT - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 728 shares of the industrial products company's stock, valued at approximately $240,000. Caterpillar comprises approximately 0.3% of Capitol Family Office Inc.'s investment portfolio, making the stock its 26th largest holding.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CAT. Flagship Wealth Advisors LLC acquired a new position in Caterpillar during the fourth quarter worth $26,000. Halbert Hargrove Global Advisors LLC bought a new position in shares of Caterpillar in the 4th quarter valued at approximately $27,000. Cyrus J. Lawrence LLC acquired a new stake in Caterpillar in the 4th quarter worth approximately $27,000. Noble Wealth Management PBC bought a new stake in Caterpillar during the fourth quarter worth approximately $31,000. Finally, Investment Management Corp VA ADV acquired a new position in Caterpillar during the fourth quarter valued at approximately $33,000. 70.98% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CAT has been the subject of several research analyst reports. DA Davidson boosted their price objective on Caterpillar from $325.00 to $331.00 and gave the stock a "neutral" rating in a research report on Monday, May 5th. Bank of America raised their price objective on shares of Caterpillar from $335.00 to $385.00 and gave the stock a "buy" rating in a research note on Friday, May 30th. Robert W. Baird upped their target price on shares of Caterpillar from $395.00 to $422.00 and gave the company an "outperform" rating in a research note on Friday, June 20th. UBS Group upgraded shares of Caterpillar from a "sell" rating to a "neutral" rating and raised their price target for the stock from $272.00 to $357.00 in a research report on Friday, May 16th. Finally, Citigroup reiterated a "buy" rating and issued a $420.00 target price (up previously from $370.00) on shares of Caterpillar in a research note on Tuesday. Six investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $380.83.

Insider Buying and Selling

In related news, Director David Maclennan acquired 375 shares of the company's stock in a transaction that occurred on Wednesday, May 7th. The stock was purchased at an average price of $320.70 per share, for a total transaction of $120,262.50. Following the transaction, the director now directly owns 6,653 shares of the company's stock, valued at approximately $2,133,617.10. This trade represents a 5.97% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.33% of the stock is owned by corporate insiders.

Caterpillar Stock Performance

Caterpillar stock opened at $385.18 on Friday. The firm has a market capitalization of $181.44 billion, a P/E ratio of 18.77, a P/E/G ratio of 2.54 and a beta of 1.37. The stock has a fifty day moving average price of $342.13 and a two-hundred day moving average price of $346.46. 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 1.43, a current ratio of 1.32 and a quick ratio of 0.77.

Caterpillar (NYSE:CAT - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The industrial products company reported $4.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.35 by ($0.10). Caterpillar had a net margin of 15.71% and a return on equity of 53.77%. The firm had revenue of $14.25 billion for the quarter, compared to the consensus estimate of $14.64 billion. During the same period in the prior year, the business earned $5.60 earnings per share. The company's revenue for the quarter was down 9.8% on a year-over-year basis. As a group, analysts anticipate that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

Caterpillar Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 20th. Investors of record on Monday, July 21st will be issued a $1.51 dividend. This represents a $6.04 dividend on an annualized basis and a dividend yield of 1.57%. This is a boost from Caterpillar's previous quarterly dividend of $1.41. The ex-dividend date is Monday, July 21st. Caterpillar's payout ratio is currently 27.49%.

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.

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