Caterpillar Inc. (NYSE:CAT) Stock Holdings Lifted by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC grew its stake in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 57.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,004 shares of the industrial products company's stock after acquiring an additional 13,098 shares during the period. Caterpillar comprises approximately 0.5% of Kingswood Wealth Advisors LLC's holdings, making the stock its 28th biggest position. Kingswood Wealth Advisors LLC's holdings in Caterpillar were worth $11,887,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the stock. Flagship Wealth Advisors LLC acquired a new position in shares of Caterpillar in the 4th quarter valued at about $26,000. Halbert Hargrove Global Advisors LLC acquired a new position in shares of Caterpillar in the 4th quarter valued at about $27,000. Cyrus J. Lawrence LLC acquired a new position in shares of Caterpillar in the 4th quarter valued at about $27,000. Noble Wealth Management PBC acquired a new position in shares of Caterpillar in the 4th quarter valued at about $31,000. Finally, Investment Management Corp VA ADV acquired a new position in shares of Caterpillar in the 4th quarter valued at about $33,000. 70.98% of the stock is owned by institutional investors and hedge funds.

Caterpillar Price Performance

Shares of CAT stock traded up $2.05 during midday trading on Thursday, reaching $359.73. 1,999,937 shares of the company were exchanged, compared to its average volume of 2,548,757. Caterpillar Inc. has a 12 month low of $267.30 and a 12 month high of $418.50. The company has a market cap of $169.45 billion, a P/E ratio of 17.53, a PEG ratio of 2.40 and a beta of 1.37. The company's 50 day moving average price is $331.20 and its two-hundred day moving average price is $347.71. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.77 and a current ratio of 1.32.

Caterpillar (NYSE:CAT - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The industrial products company reported $4.25 EPS 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 the consensus estimate of $14.64 billion. During the same quarter last year, the firm posted $5.60 earnings per share. The firm's quarterly revenue was down 9.8% compared to the same quarter last year. On average, sell-side analysts expect that Caterpillar Inc. will post 19.86 earnings per share for the current year.

Caterpillar Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 20th. Investors of record on Monday, July 21st will be issued a $1.51 dividend. 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 dividend yield of 1.68%. The ex-dividend date is Monday, July 21st. Caterpillar's payout ratio is presently 27.49%.

Insider Buying and Selling

In other Caterpillar news, Director David Maclennan bought 375 shares of the company's stock in a transaction that occurred on Wednesday, May 7th. The shares were acquired at an average cost of $320.70 per share, for a total transaction of $120,262.50. Following the acquisition, the director now directly owns 6,653 shares of the company's stock, valued at $2,133,617.10. This trade represents a 5.97% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.33% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CAT. Morgan Stanley raised shares of Caterpillar from an "underweight" rating to an "equal weight" rating and decreased their price target for the company from $300.00 to $283.00 in a report on Wednesday, April 16th. Bank of America lifted their price objective on shares of Caterpillar from $335.00 to $385.00 and gave the company a "buy" rating in a research report on Friday, May 30th. Baird R W upgraded shares of Caterpillar from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, May 13th. Wall Street Zen downgraded shares of Caterpillar from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Finally, Citigroup lifted their price objective on shares of Caterpillar from $320.00 to $370.00 and gave the company a "buy" rating in a research report on Monday, May 5th. Six investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Caterpillar has an average rating of "Moderate Buy" and a consensus price target of $372.92.

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.