Blackhawk Capital Partners LLC. Invests $1.20 Million in Caterpillar Inc. (NYSE:CAT)

Blackhawk Capital Partners LLC. acquired a new position in shares of Caterpillar Inc. (NYSE:CAT - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 3,628 shares of the industrial products company's stock, valued at approximately $1,197,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. McIlrath & Eck LLC increased its position in Caterpillar by 3.2% during the 4th quarter. McIlrath & Eck LLC now owns 962 shares of the industrial products company's stock valued at $349,000 after purchasing an additional 30 shares during the period. Rakuten Securities Inc. increased its position in Caterpillar by 20.3% during the 4th quarter. Rakuten Securities Inc. now owns 184 shares of the industrial products company's stock valued at $67,000 after purchasing an additional 31 shares during the period. Asset Management Group Inc. increased its position in Caterpillar by 0.3% during the 4th quarter. Asset Management Group Inc. now owns 10,771 shares of the industrial products company's stock valued at $3,907,000 after purchasing an additional 32 shares during the period. Dunhill Financial LLC increased its position in Caterpillar by 21.3% during the 4th quarter. Dunhill Financial LLC now owns 205 shares of the industrial products company's stock valued at $75,000 after purchasing an additional 36 shares during the period. Finally, Silvia Mccoll Wealth Management LLC increased its position in Caterpillar by 2.1% during the 1st quarter. Silvia Mccoll Wealth Management LLC now owns 1,752 shares of the industrial products company's stock valued at $578,000 after purchasing an additional 36 shares during the period. Institutional investors own 70.98% of the company's stock.

Caterpillar Price Performance

Shares of CAT stock traded up $8.42 during mid-day trading on Wednesday, hitting $402.71. The company had a trading volume of 3,099,408 shares, compared to its average volume of 2,531,953. Caterpillar Inc. has a 52-week low of $267.30 and a 52-week high of $418.50. The stock's 50 day moving average price is $355.40 and its 200-day moving average price is $347.25. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.32 and a quick ratio of 0.77. The company has a market capitalization of $189.69 billion, a P/E ratio of 19.63, a P/E/G ratio of 2.62 and a beta of 1.38.

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 the consensus estimate of $4.35 by ($0.10). Caterpillar had a return on equity of 53.77% and a net margin of 15.71%. The company had revenue of $14.25 billion during the quarter, compared to analysts' expectations of $14.64 billion. During the same period last year, the firm posted $5.60 EPS. Caterpillar's quarterly revenue was down 9.8% compared to the same quarter last year. Equities research analysts forecast that Caterpillar Inc. will post 19.86 earnings per share for the current 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 given a $1.51 dividend. This represents a $6.04 annualized dividend and a yield of 1.50%. The ex-dividend date is Monday, July 21st. This is a boost from Caterpillar's previous quarterly dividend of $1.41. Caterpillar's payout ratio is currently 27.49%.

Insiders Place Their Bets

In other news, Director David Maclennan acquired 375 shares of the business's stock in a transaction on Wednesday, May 7th. The shares were acquired at an average price of $320.70 per share, for a total transaction of $120,262.50. Following the completion of the transaction, the director directly owned 6,653 shares of the company's stock, valued at approximately $2,133,617.10. The trade was a 5.97% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.33% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CAT. Bank of America upped their target price on shares of Caterpillar from $335.00 to $385.00 and gave the stock a "buy" rating in a research report on Friday, May 30th. Truist Financial increased their price objective on shares of Caterpillar from $396.00 to $414.00 and gave the company a "buy" rating in a research report on Monday, June 23rd. Oppenheimer raised shares of Caterpillar from a "market perform" rating to an "outperform" rating and set a $395.00 price objective on the stock in a research report on Thursday, May 1st. Melius Research upgraded shares of Caterpillar from a "hold" rating to a "buy" rating and set a $500.00 price target for the company in a research note on Wednesday. Finally, Citigroup reiterated a "buy" rating and issued a $420.00 price target (up from $370.00) on shares of Caterpillar in a research note on Tuesday, June 24th. Six equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Caterpillar presently has an average rating of "Moderate Buy" and an average target price of $397.86.

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.