Caterpillar Inc. (NYSE:CAT) Position Raised by ROI Financial Advisors LLC

Key Points

• ROI Financial Advisors LLC increased its stake in Caterpillar Inc. by 87.3%, now owning 1,628 shares worth approximately $537,000.
• Caterpillar recently announced a quarterly dividend increase from $1.41 to $1.51 per share, representing an annualized dividend yield of 1.4%.
• Wall Street analysts have a consensus rating of "Moderate Buy" for Caterpillar, with target prices ranging from $283.00 to $500.00.

ROI Financial Advisors LLC lifted its stake in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 87.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,628 shares of the industrial products company's stock after purchasing an additional 759 shares during the quarter. ROI Financial Advisors LLC's holdings in Caterpillar were worth $537,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Sfmg LLC raised its stake in shares of Caterpillar by 18.8% during the first quarter. Sfmg LLC now owns 1,736 shares of the industrial products company's stock valued at $572,000 after purchasing an additional 275 shares in the last quarter. MWA Asset Management raised its stake in shares of Caterpillar by 2.0% during the first quarter. MWA Asset Management now owns 11,265 shares of the industrial products company's stock valued at $3,715,000 after purchasing an additional 222 shares in the last quarter. Silver Coast Investments LLC raised its stake in shares of Caterpillar by 3.8% during the first quarter. Silver Coast Investments LLC now owns 1,089 shares of the industrial products company's stock valued at $359,000 after purchasing an additional 40 shares in the last quarter. Commonwealth Equity Services LLC raised its stake in shares of Caterpillar by 1.0% during the first quarter. Commonwealth Equity Services LLC now owns 438,960 shares of the industrial products company's stock valued at $144,769,000 after purchasing an additional 4,186 shares in the last quarter. Finally, Raiffeisen Bank International AG raised its stake in shares of Caterpillar by 31.5% during the first quarter. Raiffeisen Bank International AG now owns 11,735 shares of the industrial products company's stock valued at $3,869,000 after purchasing an additional 2,808 shares in the last quarter. 70.98% of the stock is currently owned by institutional investors.

Caterpillar Trading Down 2.1%

Shares of CAT opened at $428.85 on Monday. The business's 50-day moving average price is $385.66 and its 200 day moving average price is $354.03. The stock has a market capitalization of $202.01 billion, a P/E ratio of 20.90, a P/E/G ratio of 2.68 and a beta of 1.40. Caterpillar Inc. has a 1-year low of $267.30 and a 1-year high of $441.15. The company has a current ratio of 1.32, a quick ratio of 0.77 and a debt-to-equity ratio of 1.43.

Caterpillar Increases Dividend

The firm 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. 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 yield of 1.4%. Caterpillar's dividend payout ratio (DPR) is presently 29.43%.

Insiders Place Their Bets

In other Caterpillar news, Director David Maclennan bought 375 shares of the stock in a transaction on Wednesday, May 7th. The shares were bought at an average price of $320.70 per share, with a total value of $120,262.50. Following the purchase, the director directly owned 6,653 shares in the company, valued at $2,133,617.10. The trade was a 5.97% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.33% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on CAT. UBS Group upgraded shares of Caterpillar from a "sell" rating to a "neutral" rating and lifted their price objective for the company from $272.00 to $357.00 in a research note on Friday, May 16th. Melius Research raised Caterpillar from a "hold" rating to a "strong-buy" rating and set a $500.00 target price on the stock in a report on Wednesday, July 9th. Morgan Stanley raised Caterpillar from an "underweight" rating to an "equal weight" rating and lowered their target price for the stock from $300.00 to $283.00 in a report on Wednesday, April 16th. Robert W. Baird lifted their target price on Caterpillar from $395.00 to $422.00 and gave the stock an "outperform" rating in a report on Friday, June 20th. Finally, Melius raised Caterpillar from a "hold" rating to a "buy" rating and set a $500.00 target price on the stock in a report on Wednesday, July 9th. Seven research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $419.33.

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.

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