Capital Advisors Inc. OK Increases Stock Position in Caterpillar Inc. (NYSE:CAT)

Capital Advisors Inc. OK grew its position in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 23.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,675 shares of the industrial products company's stock after purchasing an additional 702 shares during the quarter. Capital Advisors Inc. OK's holdings in Caterpillar were worth $1,212,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in CAT. McIlrath & Eck LLC grew its position in shares of 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 acquiring an additional 30 shares during the period. Rakuten Securities Inc. boosted its position in Caterpillar by 20.3% during the fourth quarter. Rakuten Securities Inc. now owns 184 shares of the industrial products company's stock worth $67,000 after purchasing an additional 31 shares in the last quarter. Asset Management Group Inc. grew its holdings in Caterpillar by 0.3% in the fourth 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 raised its stake in shares of Caterpillar by 21.3% during the 4th quarter. Dunhill Financial LLC now owns 205 shares of the industrial products company's stock worth $75,000 after buying an additional 36 shares during the period. Finally, Silvia Mccoll Wealth Management LLC lifted its position in shares of 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 buying an additional 36 shares in the last quarter. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Evercore ISI reduced their price objective on shares of Caterpillar from $375.00 to $373.00 and set an "in-line" rating for the company in a research report on Monday, May 19th. Truist Financial upped their price target on shares of Caterpillar from $396.00 to $414.00 and gave the stock a "buy" rating in a research report on Monday, June 23rd. Bank of America lifted their price objective on Caterpillar from $335.00 to $385.00 and gave the stock a "buy" rating in a report on Friday, May 30th. Baird R W raised Caterpillar from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 13th. Finally, Morgan Stanley raised Caterpillar from an "underweight" rating to an "equal weight" rating and lowered their price target for the stock from $300.00 to $283.00 in a research note on Wednesday, April 16th. Six investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Caterpillar has an average rating of "Moderate Buy" and a consensus target price of $380.83.

Caterpillar Trading Down 1.6%

NYSE CAT traded down $6.32 on Monday, reaching $391.54. 3,012,185 shares of the company were exchanged, compared to its average volume of 2,526,772. 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 business's fifty day moving average price is $351.96 and its 200 day moving average price is $346.74. The stock has a market capitalization of $184.43 billion, a P/E ratio of 19.08, a price-to-earnings-growth ratio of 2.64 and a beta of 1.38. Caterpillar Inc. has a fifty-two week low of $267.30 and a fifty-two week high of $418.50.

Caterpillar (NYSE:CAT - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The industrial products company reported $4.25 earnings per share for the quarter, missing the consensus estimate of $4.35 by ($0.10). Caterpillar had a net margin of 15.71% and a return on equity of 53.77%. The firm had revenue of $14.25 billion for the quarter, compared to analyst estimates of $14.64 billion. During the same period in the previous year, the firm posted $5.60 EPS. The company's revenue was down 9.8% compared to the same quarter last year. Analysts forecast that Caterpillar Inc. will post 19.86 earnings per share for the current year.

Caterpillar Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 20th. Stockholders of record on Monday, July 21st will be paid a $1.51 dividend. This is a boost from Caterpillar's previous quarterly dividend of $1.41. The ex-dividend date of this dividend is Monday, July 21st. This represents a $6.04 annualized dividend and a dividend yield of 1.54%. Caterpillar's dividend payout ratio is 27.49%.

Insider Activity at Caterpillar

In other Caterpillar news, Director David Maclennan acquired 375 shares of the stock in a transaction that occurred on Wednesday, May 7th. The stock was bought at an average cost of $320.70 per share, for a total transaction of $120,262.50. Following the completion of the transaction, the director 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 this link. Insiders own 0.33% of the company's stock.

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.