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

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

Several other hedge funds also recently bought and sold shares of the company. Flagship Wealth Advisors LLC purchased a new position in Caterpillar in the 4th quarter worth approximately $26,000. Cyrus J. Lawrence LLC purchased a new position in Caterpillar in the 4th quarter worth approximately $27,000. Investment Management Corp VA ADV purchased a new position in Caterpillar in the 4th quarter worth approximately $33,000. Quarry LP purchased a new position in Caterpillar in the 4th quarter worth approximately $35,000. Finally, Mpwm Advisory Solutions LLC purchased a new position in Caterpillar in the 4th quarter worth approximately $36,000. Hedge funds and other institutional investors own 70.98% of the company's stock.

Caterpillar Trading Down 0.6%

NYSE:CAT traded down $2.60 during midday trading on Friday, reaching $405.73. 2,072,409 shares of the stock traded hands, compared to its average volume of 2,530,096. The company has a fifty day moving average of $360.79 and a 200 day moving average of $348.19. Caterpillar Inc. has a 12 month low of $267.30 and a 12 month high of $418.50. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.77 and a current ratio of 1.32. The stock has a market capitalization of $191.12 billion, a P/E ratio of 19.77, a PEG ratio of 2.71 and a beta of 1.38.

Caterpillar (NYSE:CAT - Get Free Report) last issued its quarterly earnings data 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 the consensus estimate of $14.64 billion. During the same quarter last year, the company posted $5.60 earnings per share. The firm's revenue for the quarter was down 9.8% compared to the same quarter last year. On average, research analysts predict that Caterpillar Inc. will post 19.86 EPS for the current year.

Caterpillar Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 20th. Shareholders of record on Monday, July 21st will be issued a $1.51 dividend. The ex-dividend date of this dividend is Monday, July 21st. This is a positive change from Caterpillar's previous quarterly dividend of $1.41. This represents a $6.04 annualized dividend and a yield of 1.49%. Caterpillar's dividend payout ratio is 27.49%.

Insider Buying and Selling

In related news, Director David Maclennan acquired 375 shares of the firm's stock in a transaction on Wednesday, May 7th. The stock was acquired at an average cost of $320.70 per share, for a total transaction of $120,262.50. Following the acquisition, the director owned 6,653 shares of the company's stock, valued at $2,133,617.10. This trade represents a 5.97% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.33% of the company's stock.

Analysts Set New Price Targets

CAT has been the subject of a number of research reports. Melius Research raised shares of Caterpillar from a "hold" rating to a "strong-buy" rating and set a $500.00 price target for the company in a research note on Wednesday. Robert W. Baird boosted their price target on shares of Caterpillar from $395.00 to $422.00 and gave the stock an "outperform" rating in a research note on Friday, June 20th. Melius raised 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. DA Davidson boosted their price target 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, Bank of America boosted their price objective on shares of Caterpillar from $335.00 to $385.00 and gave the stock a "buy" rating in a report on Friday, May 30th. Six research analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $404.64.

Caterpillar 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.