1,944 Shares in Caterpillar Inc. (NYSE:CAT) Purchased by Brooklyn FI LLC

Brooklyn FI LLC purchased 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 firm purchased 1,944 shares of the industrial products company's stock, valued at approximately $755,000.

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

Caterpillar Stock Down 1.3%

Shares of CAT traded down $4.69 during mid-day trading on Friday, reaching $347.10. The company had a trading volume of 4,866,359 shares, compared to its average volume of 2,641,053. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.89 and a current ratio of 1.42. The company has a market capitalization of $163.50 billion, a price-to-earnings ratio of 15.73, a price-to-earnings-growth ratio of 1.87 and a beta of 1.35. The firm has a 50-day moving average price of $319.13 and a 200 day moving average price of $351.46. Caterpillar Inc. has a 52 week low of $267.30 and a 52 week high of $418.50.

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 58.18% and a net margin of 16.65%. The company had revenue of $14.25 billion during the quarter, compared to the consensus estimate of $14.64 billion. During the same period last year, the firm posted $5.60 earnings per share. The company's revenue was down 9.8% compared to the same quarter last year. On average, sell-side analysts forecast that Caterpillar Inc. will post 19.86 EPS for the current year.

Caterpillar Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 20th. Shareholders of record on Monday, April 21st were issued a $1.41 dividend. The ex-dividend date was Monday, April 21st. This represents a $5.64 annualized dividend and a yield of 1.62%. Caterpillar's dividend payout ratio (DPR) is presently 27.49%.

Insider Transactions at Caterpillar

In other news, Director David Maclennan purchased 375 shares of Caterpillar stock in a transaction that occurred on Wednesday, May 7th. The stock was bought at an average price of $320.70 per share, with a total value of $120,262.50. Following the completion of the transaction, the director now directly 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.33% of the company's stock.

Analysts Set New Price Targets

Several analysts recently weighed in on CAT shares. Wall Street Zen cut shares of Caterpillar from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. Evercore ISI cut their target price on shares of Caterpillar from $375.00 to $373.00 and set an "in-line" rating on the stock in a research note on Monday, May 19th. Morgan Stanley upgraded shares of Caterpillar from an "underweight" rating to an "equal weight" rating and reduced their price target for the company from $300.00 to $283.00 in a research report on Wednesday, April 16th. Citigroup raised their price objective on shares of Caterpillar from $320.00 to $370.00 and gave the stock a "buy" rating in a report on Monday, May 5th. Finally, JPMorgan Chase & Co. cut their price objective on Caterpillar from $490.00 to $380.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. 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. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $372.92.

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.