Brucke Financial Inc. Acquires New Holdings in Caterpillar Inc. (NYSE:CAT)

Brucke Financial Inc. bought 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 Securities and Exchange Commission (SEC). The institutional investor bought 3,158 shares of the industrial products company's stock, valued at approximately $1,173,000. Caterpillar accounts for 1.0% of Brucke Financial Inc.'s holdings, making the stock its 23rd biggest holding.

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

Caterpillar Trading Down 0.5%

NYSE:CAT traded down $1.83 during trading hours on Wednesday, reaching $349.68. 1,921,494 shares of the company were exchanged, compared to its average volume of 2,635,153. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.42 and a quick ratio of 0.89. The firm has a market cap of $164.71 billion, a price-to-earnings ratio of 15.84, a PEG ratio of 1.87 and a beta of 1.35. Caterpillar Inc. has a 52-week low of $267.30 and a 52-week high of $418.50. The stock has a 50 day simple moving average of $318.94 and a 200 day simple moving average of $351.77.

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 (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 business had revenue of $14.25 billion during the quarter, compared to analyst estimates of $14.64 billion. During the same period in the previous year, the company earned $5.60 EPS. Caterpillar's revenue was down 9.8% on a year-over-year basis. As a group, analysts predict that Caterpillar Inc. will post 19.86 EPS for the current year.

Caterpillar Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 20th. Investors of record on Monday, April 21st were issued a dividend of $1.41 per share. This represents a $5.64 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date of this dividend was Monday, April 21st. Caterpillar's payout ratio is 27.49%.

Insider Activity at Caterpillar

In related news, Director David Maclennan acquired 375 shares of the firm's stock in a transaction on Wednesday, May 7th. The stock was bought at an average cost of $320.70 per share, with a total value of $120,262.50. Following the acquisition, the director now directly owns 6,653 shares in the company, 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 link. Company insiders own 0.33% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Evercore ISI lowered their price target on shares of Caterpillar from $375.00 to $373.00 and set an "in-line" rating on the stock in a research report on Monday, May 19th. Raymond James upgraded shares of Caterpillar from a "market perform" rating to an "outperform" rating in a research report on Monday, February 3rd. Baird R W raised shares of Caterpillar from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 13th. Wedbush raised shares of Caterpillar to an "outperform" rating in a research note on Monday, February 3rd. Finally, 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 note on Thursday, May 1st. Six investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $375.33.

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.