Caterpillar Inc. (NYSE:CAT) Shares Bought by Bordeaux Wealth Advisors LLC

Bordeaux Wealth Advisors LLC raised its holdings in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 64.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,489 shares of the industrial products company's stock after acquiring an additional 972 shares during the quarter. Bordeaux Wealth Advisors LLC's holdings in Caterpillar were worth $821,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in CAT. Cape Investment Advisory Inc. raised its position in Caterpillar by 6.3% during the 4th quarter. Cape Investment Advisory Inc. now owns 471 shares of the industrial products company's stock valued at $171,000 after purchasing an additional 28 shares in the last quarter. Carrera Capital Advisors boosted its position in Caterpillar by 2.5% during the fourth quarter. Carrera Capital Advisors now owns 1,238 shares of the industrial products company's stock valued at $449,000 after purchasing an additional 30 shares in the last quarter. BBR Partners LLC lifted its position in Caterpillar by 0.7% during the fourth quarter. BBR Partners LLC now owns 4,162 shares of the industrial products company's stock valued at $1,510,000 after acquiring an additional 30 shares during the last quarter. McIlrath & Eck LLC boosted its stake in Caterpillar by 3.2% in the fourth quarter. McIlrath & Eck LLC now owns 962 shares of the industrial products company's stock valued at $349,000 after acquiring an additional 30 shares in the last quarter. Finally, Rakuten Securities Inc. boosted its stake in Caterpillar by 20.3% in the fourth quarter. Rakuten Securities Inc. now owns 184 shares of the industrial products company's stock valued at $67,000 after acquiring an additional 31 shares in the last quarter. 70.98% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director David Maclennan purchased 375 shares of Caterpillar stock in a transaction dated Wednesday, May 7th. The shares were acquired at an average cost of $320.70 per share, with a total value of $120,262.50. Following the purchase, the director now owns 6,653 shares of the company's stock, valued at approximately $2,133,617.10. The trade was a 5.97% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.33% of the stock is owned by insiders.

Analysts Set New Price Targets

CAT has been the topic of a number of recent analyst reports. Baird R W raised Caterpillar from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, May 13th. Citigroup reaffirmed a "buy" rating and set a $420.00 target price (up from $370.00) on shares of Caterpillar in a research report on Tuesday, June 24th. UBS Group raised 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 report on Friday, May 16th. Morgan Stanley upgraded shares of Caterpillar from an "underweight" rating to an "equal weight" rating and cut their price objective for the company from $300.00 to $283.00 in a report on Wednesday, April 16th. Finally, 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. Six equities research 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, the company has a consensus rating of "Moderate Buy" and an average price target of $380.83.

Caterpillar Price Performance

CAT stock traded up $3.30 during mid-day trading on Friday, reaching $385.18. The company's stock had a trading volume of 4,445,249 shares, compared to its average volume of 2,521,036. The company has a current ratio of 1.32, a quick ratio of 0.77 and a debt-to-equity ratio of 1.43. The company's 50 day moving average is $342.13 and its two-hundred day moving average is $346.17. Caterpillar Inc. has a fifty-two week low of $267.30 and a fifty-two week high of $418.50. The stock has a market cap of $181.44 billion, a PE ratio of 18.72, a P/E/G ratio of 2.56 and a beta of 1.37.

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 return on equity of 53.77% and a net margin of 15.71%. The company had revenue of $14.25 billion for the quarter, compared to analyst estimates of $14.64 billion. During the same period last year, the firm posted $5.60 EPS. The business's quarterly revenue was down 9.8% on a year-over-year basis. Equities research analysts expect that Caterpillar Inc. will post 19.86 EPS for the current year.

Caterpillar Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 20th. Shareholders of record on Monday, July 21st will be paid a dividend of $1.51 per share. The ex-dividend date of this dividend is Monday, July 21st. This is an increase from Caterpillar's previous quarterly dividend of $1.41. This represents a $6.04 dividend on an annualized basis and a yield of 1.57%. Caterpillar's payout ratio is 27.49%.

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.