Integrated Advisors Network LLC Increases Stock Holdings in Caterpillar Inc. (NYSE:CAT)

Integrated Advisors Network LLC increased its position in Caterpillar Inc. (NYSE:CAT - Free Report) by 1.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 59,016 shares of the industrial products company's stock after purchasing an additional 760 shares during the period. Caterpillar accounts for 1.0% of Integrated Advisors Network LLC's portfolio, making the stock its 15th biggest position. Integrated Advisors Network LLC's holdings in Caterpillar were worth $21,409,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FSM Wealth Advisors LLC lifted its stake in shares of Caterpillar by 3.8% in the 4th quarter. FSM Wealth Advisors LLC now owns 688 shares of the industrial products company's stock valued at $262,000 after purchasing an additional 25 shares during the last quarter. Allen Capital Group LLC lifted its stake in shares of Caterpillar by 0.6% during the 4th quarter. Allen Capital Group LLC now owns 4,247 shares of the industrial products company's stock worth $1,541,000 after acquiring an additional 26 shares during the last quarter. Wagner Wealth Management LLC lifted its stake in shares of Caterpillar by 4.0% during the 4th quarter. Wagner Wealth Management LLC now owns 668 shares of the industrial products company's stock worth $242,000 after acquiring an additional 26 shares during the last quarter. Total Clarity Wealth Management Inc. lifted its stake in shares of Caterpillar by 0.6% during the 4th quarter. Total Clarity Wealth Management Inc. now owns 4,373 shares of the industrial products company's stock worth $1,586,000 after acquiring an additional 27 shares during the last quarter. Finally, Magnolia Capital Advisors LLC lifted its stake in shares of Caterpillar by 3.3% during the 4th quarter. Magnolia Capital Advisors LLC now owns 857 shares of the industrial products company's stock worth $311,000 after acquiring an additional 27 shares during the last quarter. 70.98% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director David Maclennan purchased 375 shares of the business's stock in a transaction dated 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 owns 6,653 shares of the company's stock, valued at $2,133,617.10. The trade was a 5.97% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.33% of the company's stock.

Caterpillar Stock Up 2.3%

Shares of NYSE:CAT traded up $7.97 on Tuesday, reaching $351.36. The company had a trading volume of 2,238,603 shares, compared to its average volume of 2,636,514. Caterpillar Inc. has a 52-week low of $267.30 and a 52-week high of $418.50. The firm's 50 day simple moving average is $318.65 and its 200-day simple moving average is $351.78. The firm has a market capitalization of $165.51 billion, a PE ratio of 15.92, a PEG ratio of 1.87 and a beta of 1.35. The company has a current ratio of 1.42, a quick ratio of 0.89 and a debt-to-equity ratio of 1.40.

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). Caterpillar had a net margin of 16.65% and a return on equity of 58.18%. The company had revenue of $14.25 billion during the quarter, compared to analysts' expectations of $14.64 billion. During the same quarter in the prior year, the business posted $5.60 earnings per share. The company's revenue was down 9.8% compared to the same quarter last year. As a group, analysts expect that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal year.

Caterpillar Announces Dividend

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

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Baird R W raised Caterpillar from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 13th. JPMorgan Chase & Co. decreased their price target on Caterpillar from $490.00 to $380.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Bank of America decreased their price target on Caterpillar from $452.00 to $414.00 and set a "buy" rating for the company in a research note on Friday, January 31st. Morgan Stanley raised Caterpillar from an "underweight" rating to an "equal weight" rating and decreased their price target for the stock from $300.00 to $283.00 in a research note on Wednesday, April 16th. Finally, UBS Group raised Caterpillar from a "sell" rating to a "neutral" rating and lifted their target price for the company from $272.00 to $357.00 in a research report on Friday, May 16th. Six equities research 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 data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $375.33.

Caterpillar Company 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.