Crestwood Advisors Group LLC Purchases 743 Shares of Caterpillar Inc. (NYSE:CAT)

Crestwood Advisors Group LLC lifted its holdings in Caterpillar Inc. (NYSE:CAT - Free Report) by 3.4% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 22,689 shares of the industrial products company's stock after purchasing an additional 743 shares during the quarter. Crestwood Advisors Group LLC's holdings in Caterpillar were worth $7,483,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of CAT. McIlrath & Eck LLC increased its holdings in Caterpillar by 3.2% in the fourth quarter. McIlrath & Eck LLC now owns 962 shares of the industrial products company's stock valued at $349,000 after purchasing an additional 30 shares during the period. Asset Management Group Inc. increased its holdings in Caterpillar by 0.3% in the fourth quarter. Asset Management Group Inc. now owns 10,771 shares of the industrial products company's stock valued at $3,907,000 after purchasing an additional 32 shares during the period. Summit X LLC increased its holdings in Caterpillar by 3.2% in the first quarter. Summit X LLC now owns 1,025 shares of the industrial products company's stock valued at $338,000 after purchasing an additional 32 shares during the period. Dunhill Financial LLC increased its holdings in Caterpillar by 21.3% in the fourth quarter. Dunhill Financial LLC now owns 205 shares of the industrial products company's stock valued at $75,000 after purchasing an additional 36 shares during the period. Finally, Silvia Mccoll Wealth Management LLC increased its holdings in Caterpillar by 2.1% in the first quarter. Silvia Mccoll Wealth Management LLC now owns 1,752 shares of the industrial products company's stock valued at $578,000 after purchasing an additional 36 shares during the period. Institutional investors own 70.98% of the company's stock.

Caterpillar Stock Performance

Shares of NYSE:CAT traded up $2.24 during mid-day trading on Thursday, reaching $429.83. The company had a trading volume of 1,408,706 shares, compared to its average volume of 2,681,978. The company has a current ratio of 1.32, a quick ratio of 0.77 and a debt-to-equity ratio of 1.43. The firm has a market cap of $202.47 billion, a price-to-earnings ratio of 20.94, a PEG ratio of 2.61 and a beta of 1.38. The company's 50-day moving average price is $373.81 and its 200-day moving average price is $350.94. Caterpillar Inc. has a one year low of $267.30 and a one year high of $429.82.

Caterpillar (NYSE:CAT - Get Free Report) last posted 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 during the quarter, compared to the consensus estimate of $14.64 billion. During the same period last year, the firm posted $5.60 EPS. The company's revenue for the quarter was down 9.8% compared to the same quarter last year. As a group, equities research analysts anticipate that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

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 issued 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 dividend on an annualized basis and a yield of 1.41%. Caterpillar's payout ratio is presently 29.43%.

Insider Transactions at Caterpillar

In other Caterpillar news, Director David Maclennan bought 375 shares of the stock in a transaction on Wednesday, May 7th. The shares were acquired at an average price of $320.70 per share, with a total value of $120,262.50. Following the acquisition, the director directly owned 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.33% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Melius upgraded Caterpillar from a "hold" rating to a "buy" rating and set a $500.00 price target for the company in a report on Wednesday, July 9th. Sanford C. Bernstein restated a "market perform" rating on shares of Caterpillar in a research note on Monday, July 14th. Citigroup reaffirmed a "buy" rating and issued a $420.00 price target (up previously from $370.00) on shares of Caterpillar in a research report on Tuesday, June 24th. Robert W. Baird raised their price target on shares of Caterpillar from $395.00 to $422.00 and gave the company an "outperform" rating in a research report on Friday, June 20th. Finally, Truist Financial raised their price target on shares of Caterpillar from $396.00 to $414.00 and gave the company a "buy" rating in a research report on Monday, June 23rd. Seven investment analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently 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.