Cwm LLC Purchases 6,622 Shares of Caterpillar Inc. (NYSE:CAT)

Cwm LLC grew its position in Caterpillar Inc. (NYSE:CAT - Free Report) by 7.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 90,696 shares of the industrial products company's stock after purchasing an additional 6,622 shares during the period. Cwm LLC's holdings in Caterpillar were worth $29,912,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Flagship Wealth Advisors LLC bought a new position in shares of Caterpillar during the 4th quarter worth $26,000. Cyrus J. Lawrence LLC bought a new position in Caterpillar in the 4th quarter worth about $27,000. Investment Management Corp VA ADV purchased a new position in Caterpillar during the 4th quarter valued at about $33,000. Curat Global LLC bought a new stake in shares of Caterpillar during the first quarter valued at about $33,000. Finally, Redmont Wealth Advisors LLC purchased a new stake in shares of Caterpillar in the first quarter worth about $33,000. 70.98% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director David Maclennan acquired 375 shares of the firm's stock in a transaction on Wednesday, May 7th. The shares were purchased at an average price of $320.70 per share, for a total transaction of $120,262.50. Following the completion of the transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.33% of the stock is owned by insiders.

Wall Street Analyst Weigh In

CAT has been the topic of a number of analyst reports. Citigroup reaffirmed a "buy" rating and set a $420.00 target price (up previously from $370.00) on shares of Caterpillar in a report on Tuesday, June 24th. Bank of America upped their price target on shares of Caterpillar from $335.00 to $385.00 and gave the stock a "buy" rating in a report on Friday, May 30th. JPMorgan Chase & Co. lifted their price objective on Caterpillar from $395.00 to $475.00 and gave the company an "overweight" rating in a research note on Thursday. Truist Financial upped their target price on Caterpillar from $396.00 to $414.00 and gave the stock a "buy" rating in a research note on Monday, June 23rd. Finally, Robert W. Baird boosted their price objective on Caterpillar from $395.00 to $422.00 and gave the stock an "outperform" rating in a report on Friday, June 20th. Six equities research analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Caterpillar has an average rating of "Moderate Buy" and an average target price of $404.64.

Caterpillar Stock Performance

NYSE CAT opened at $405.73 on Monday. The firm has a market cap of $191.12 billion, a price-to-earnings ratio of 19.77, a PEG ratio of 2.70 and a beta of 1.38. The company has a 50-day simple moving average of $360.79 and a two-hundred day simple moving average of $347.92. 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 Inc. has a 12-month low of $267.30 and a 12-month high of $418.50.

Caterpillar (NYSE:CAT - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The industrial products company reported $4.25 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $14.64 billion. During the same quarter in the previous year, the business earned $5.60 earnings per share. Caterpillar's revenue was down 9.8% compared to the same quarter last year. On average, equities analysts forecast that Caterpillar Inc. will post 19.86 EPS for the current year.

Caterpillar Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 20th. Investors of record on Monday, July 21st will be issued a dividend of $1.51 per share. This is a positive change from Caterpillar's previous quarterly dividend of $1.41. This represents a $6.04 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date of this dividend is Monday, July 21st. Caterpillar's dividend payout ratio is currently 29.43%.

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.

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