CW Advisors LLC Has $24.65 Million Stock Position in Caterpillar Inc. $CAT

Key Points

• CW Advisors LLC increased its stake in Caterpillar Inc. by 23.1%, holding 74,667 shares valued at approximately $24.65 million as of the end of the first quarter.
• Caterpillar recently announced a quarterly dividend increase from $1.41 to $1.51 per share, reflecting a 1.4% dividend yield.
• Several research firms have upgraded Caterpillar's stock rating, with price targets raised to as high as $520, emphasizing a positive outlook for the company.

CW Advisors LLC boosted its holdings in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 23.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 74,667 shares of the industrial products company's stock after purchasing an additional 14,027 shares during the period. CW Advisors LLC's holdings in Caterpillar were worth $24,648,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Victrix Investment Advisors acquired a new stake in Caterpillar during the fourth quarter valued at approximately $2,090,000. Charles Schwab Investment Management Inc. lifted its stake in Caterpillar by 0.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 3,304,448 shares of the industrial products company's stock valued at $1,089,798,000 after purchasing an additional 15,347 shares during the last quarter. Pacific Point Advisors LLC purchased a new stake in shares of Caterpillar in the 4th quarter valued at approximately $579,000. Wealth Enhancement Advisory Services LLC lifted its position in shares of Caterpillar by 18.6% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 191,640 shares of the industrial products company's stock valued at $63,202,000 after acquiring an additional 30,070 shares in the last quarter. Finally, Crestwood Advisors Group LLC lifted its position in shares of Caterpillar by 3.4% in the 1st quarter. Crestwood Advisors Group LLC now owns 22,689 shares of the industrial products company's stock valued at $7,483,000 after acquiring an additional 743 shares in the last quarter. 70.98% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Caterpillar

In other news, insider Jason Kaiser sold 2,161 shares of the stock in a transaction on Monday, August 11th. The shares were sold at an average price of $417.70, for a total transaction of $902,649.70. Following the transaction, the insider owned 8,632 shares in the company, valued at $3,605,586.40. This represents a 20.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Susan C. Schwab sold 2,324 shares of the stock in a transaction on Friday, August 15th. The stock was sold at an average price of $410.00, for a total transaction of $952,840.00. Following the transaction, the director owned 6,917 shares in the company, valued at approximately $2,835,970. This trade represents a 25.15% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.33% of the company's stock.

Analyst Upgrades and Downgrades

CAT has been the subject of several research analyst reports. Bank of America upped their price target on shares of Caterpillar from $460.00 to $495.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. Barclays upped their price target on shares of Caterpillar from $383.00 to $425.00 and gave the company an "equal weight" rating in a research report on Wednesday, August 6th. Robert W. Baird upped 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. Truist Financial upped their price target on shares of Caterpillar from $414.00 to $507.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. Finally, Melius upgraded shares of Caterpillar from a "hold" rating to a "buy" rating and set a $500.00 price target for the company in a research report on Wednesday, July 9th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $450.87.

Caterpillar Stock Up 4.1%

Caterpillar stock traded up $17.1140 during trading hours on Friday, hitting $435.0040. The company had a trading volume of 3,784,363 shares, compared to its average volume of 3,368,960. The firm has a market capitalization of $203.79 billion, a P/E ratio of 22.13, a price-to-earnings-growth ratio of 2.60 and a beta of 1.40. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.34 and a quick ratio of 0.81. The firm's fifty day moving average is $405.71 and its 200-day moving average is $357.80. Caterpillar Inc. has a fifty-two week low of $267.30 and a fifty-two week high of $441.15.

Caterpillar (NYSE:CAT - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $4.72 earnings per share for the quarter, missing the consensus estimate of $4.88 by ($0.16). The company had revenue of $16.57 billion during the quarter, compared to analyst estimates of $16.14 billion. Caterpillar had a net margin of 14.95% and a return on equity of 48.95%. The firm's quarterly revenue was down .7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $5.99 EPS. On average, research analysts forecast that Caterpillar Inc. will post 19.86 earnings per share for the current year.

Caterpillar Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 20th. Stockholders of record on Monday, July 21st were paid a dividend of $1.51 per share. This is a positive change from Caterpillar's previous quarterly dividend of $1.41. The ex-dividend date was Monday, July 21st. This represents a $6.04 annualized dividend and a dividend yield of 1.4%. Caterpillar's dividend payout ratio (DPR) is currently 30.72%.

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.