Caterpillar Inc. (NYSE:CAT) Shares Bought by Cordatus Wealth Management LLC

Key Points

• Cordatus Wealth Management LLC significantly increased its stake in Caterpillar Inc. by 391.7% in the first quarter, totaling approximately $2,002,000 in value.
• Caterpillar reported $4.25 earnings per share, missing analysts' estimates of $4.35, with a 9.8% drop in revenue year-over-year, totaling $14.25 billion.
• The company announced a quarterly dividend of $1.51 per share, an increase from the previous dividend of $1.41, reflecting a 1.39% dividend yield.

Cordatus Wealth Management LLC increased its stake in Caterpillar Inc. (NYSE:CAT - Free Report) by 391.7% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,072 shares of the industrial products company's stock after purchasing an additional 4,837 shares during the period. Cordatus Wealth Management LLC's holdings in Caterpillar were worth $2,002,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of CAT. Investment Management Corp VA ADV purchased a new position in Caterpillar during the 4th quarter worth approximately $33,000. Curat Global LLC purchased a new position in shares of Caterpillar during the 1st quarter valued at approximately $33,000. Redmont Wealth Advisors LLC purchased a new position in shares of Caterpillar during the 1st quarter valued at approximately $33,000. Quarry LP purchased a new position in shares of Caterpillar during the 4th quarter valued at approximately $35,000. Finally, Mpwm Advisory Solutions LLC purchased a new position in shares of Caterpillar during the 4th quarter valued at approximately $36,000. 70.98% of the stock is owned by hedge funds and other institutional investors.

Caterpillar Stock Up 1.1%

CAT stock opened at $434.69 on Thursday. The company's 50 day moving average price is $382.09 and its 200 day moving average price is $353.44. 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 Inc. has a fifty-two week low of $267.30 and a fifty-two week high of $436.83. The firm has a market capitalization of $204.76 billion, a price-to-earnings ratio of 21.18, a PEG ratio of 2.69 and a beta of 1.38.

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 (EPS) for the quarter, missing analysts' consensus estimates of $4.35 by ($0.10). The business had revenue of $14.25 billion during the quarter, compared to analyst estimates of $14.64 billion. Caterpillar had a net margin of 15.71% and a return on equity of 53.77%. The business's revenue for the quarter was down 9.8% compared to the same quarter last year. During the same period last year, the company earned $5.60 earnings per share. On average, equities research analysts anticipate that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

Caterpillar Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 20th. Stockholders 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 annualized dividend and a dividend yield of 1.39%. The ex-dividend date of this dividend is Monday, July 21st. Caterpillar's dividend payout ratio is presently 29.43%.

Insider Buying and Selling at Caterpillar

In other news, Director David Maclennan acquired 375 shares of the firm's stock in a transaction dated Wednesday, May 7th. The stock was acquired at an average cost of $320.70 per share, with a total value of $120,262.50. Following the completion of the acquisition, the director owned 6,653 shares of the company's stock, valued at $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 is accessible through this hyperlink. Insiders own 0.33% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on CAT. Sanford C. Bernstein reissued a "market perform" rating on shares of Caterpillar in a report on Monday, July 14th. UBS Group raised shares of Caterpillar from a "sell" rating to a "neutral" rating and lifted their target price for the stock from $272.00 to $357.00 in a research note on Friday, May 16th. Oppenheimer lifted their target price on shares of Caterpillar from $395.00 to $483.00 and gave the stock an "outperform" rating in a research note on Thursday, July 17th. Barclays boosted their price target on shares of Caterpillar from $335.00 to $383.00 and gave the company an "equal weight" rating in a research report on Monday, July 21st. Finally, JPMorgan Chase & Co. boosted their price target on shares of Caterpillar from $395.00 to $475.00 and gave the company an "overweight" rating in a research report on Thursday, July 10th. Seven equities research analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Caterpillar currently has an average rating of "Moderate Buy" and a consensus price target of $419.33.

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.

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