Creative Financial Designs Inc. ADV Has $3.60 Million Position in Caterpillar Inc. (NYSE:CAT)

Creative Financial Designs Inc. ADV trimmed its position in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 6.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,919 shares of the industrial products company's stock after selling 701 shares during the quarter. Creative Financial Designs Inc. ADV's holdings in Caterpillar were worth $3,601,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in CAT. Vanguard Group Inc. lifted its holdings in Caterpillar by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 46,809,540 shares of the industrial products company's stock worth $16,980,629,000 after purchasing an additional 284,366 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Caterpillar by 2.3% in the 4th quarter. Geode Capital Management LLC now owns 10,449,770 shares of the industrial products company's stock worth $3,790,841,000 after purchasing an additional 236,315 shares during the last quarter. Fisher Asset Management LLC lifted its holdings in shares of Caterpillar by 1.4% during the fourth quarter. Fisher Asset Management LLC now owns 9,081,775 shares of the industrial products company's stock worth $3,294,505,000 after buying an additional 129,143 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Caterpillar by 11.8% during the fourth quarter. Northern Trust Corp now owns 6,847,330 shares of the industrial products company's stock worth $2,483,937,000 after buying an additional 724,477 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Caterpillar during the fourth quarter worth approximately $2,184,364,000. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Caterpillar Price Performance

NYSE:CAT traded up $3.30 during trading hours on Friday, reaching $385.18. The company had a trading volume of 4,445,249 shares, compared to its average volume of 2,546,557. The stock has a 50-day moving average of $340.31 and a two-hundred day moving average of $346.48. Caterpillar Inc. has a one year low of $267.30 and a one year high of $418.50. The firm has a market capitalization of $181.44 billion, a PE ratio of 18.77, a PEG ratio of 2.54 and a beta of 1.37. The company has a quick ratio of 0.77, a current ratio of 1.32 and a debt-to-equity ratio of 1.43.

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 analysts' consensus estimates of $4.35 by ($0.10). Caterpillar had a net margin of 15.71% and a return on equity of 53.77%. The company had revenue of $14.25 billion during the quarter, compared to the consensus estimate of $14.64 billion. During the same quarter last year, the company earned $5.60 earnings per share. The business's revenue was down 9.8% on a year-over-year basis. Analysts forecast that Caterpillar Inc. will post 19.86 earnings per share for the current year.

Caterpillar Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 20th. Shareholders of record on Monday, July 21st will be given a $1.51 dividend. This represents a $6.04 dividend on an annualized basis and a yield of 1.57%. This is a boost from Caterpillar's previous quarterly dividend of $1.41. The ex-dividend date is Monday, July 21st. Caterpillar's dividend payout ratio is 27.49%.

Analyst Ratings Changes

A number of research analysts have recently commented on CAT shares. Morgan Stanley upgraded Caterpillar from an "underweight" rating to an "equal weight" rating and cut their price target for the stock from $300.00 to $283.00 in a report on Wednesday, April 16th. Truist Financial upped their price target on Caterpillar from $396.00 to $414.00 and gave the stock a "buy" rating in a report on Monday. Citigroup reiterated a "buy" rating and set a $420.00 price target (up from $370.00) on shares of Caterpillar in a report on Tuesday. Evercore ISI cut their price target on Caterpillar from $375.00 to $373.00 and set an "in-line" rating for the company in a report on Monday, May 19th. Finally, DA Davidson upped their price target on Caterpillar from $325.00 to $331.00 and gave the stock a "neutral" rating in a report on Monday, May 5th. Six research 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 stock. According to data from MarketBeat.com, Caterpillar presently has a consensus rating of "Moderate Buy" and an average target price of $380.83.

Insider Buying and Selling at Caterpillar

In other Caterpillar news, Director David Maclennan acquired 375 shares of Caterpillar 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 completion of the purchase, the director now owns 6,653 shares in the company, 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 legal filing with the SEC, which is available through the SEC website. Company insiders own 0.33% of the company's stock.

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.