Caterpillar Inc. (NYSE:CAT) Shares Purchased by Forte Capital LLC ADV

Forte Capital LLC ADV boosted its stake in Caterpillar Inc. (NYSE:CAT - Free Report) by 74.5% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,026 shares of the industrial products company's stock after acquiring an additional 1,292 shares during the period. Forte Capital LLC ADV's holdings in Caterpillar were worth $998,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in CAT. McIlrath & Eck LLC increased its position in Caterpillar by 3.2% during the 4th quarter. McIlrath & Eck LLC now owns 962 shares of the industrial products company's stock worth $349,000 after purchasing an additional 30 shares during the period. Asset Management Group Inc. increased its position in Caterpillar by 0.3% during the 4th quarter. Asset Management Group Inc. now owns 10,771 shares of the industrial products company's stock worth $3,907,000 after purchasing an additional 32 shares during the period. Summit X LLC increased its position in Caterpillar by 3.2% during the 1st quarter. Summit X LLC now owns 1,025 shares of the industrial products company's stock worth $338,000 after purchasing an additional 32 shares during the period. Dunhill Financial LLC increased its position in Caterpillar by 21.3% during the 4th quarter. Dunhill Financial LLC now owns 205 shares of the industrial products company's stock worth $75,000 after purchasing an additional 36 shares during the period. Finally, Silvia Mccoll Wealth Management LLC increased its position in Caterpillar by 2.1% during the 1st quarter. Silvia Mccoll Wealth Management LLC now owns 1,752 shares of the industrial products company's stock worth $578,000 after purchasing an additional 36 shares during the period. Institutional investors and hedge funds own 70.98% of the company's stock.

Insider Activity at Caterpillar

In other news, Director David Maclennan acquired 375 shares of the company's stock in a transaction dated Wednesday, May 7th. The stock was acquired at an average cost of $320.70 per share, for a total transaction of $120,262.50. Following the acquisition, the director directly owned 6,653 shares in the company, valued at approximately $2,133,617.10. This represents a 5.97% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 0.33% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have recently commented 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. Truist Financial boosted their price target on Caterpillar from $396.00 to $414.00 and gave the stock a "buy" rating in a research note on Monday, June 23rd. Citigroup reissued a "buy" rating and set a $420.00 price target (up previously from $370.00) on shares of Caterpillar in a research note on Tuesday, June 24th. Melius Research raised Caterpillar from a "hold" rating to a "strong-buy" rating and set a $500.00 target price on the stock in a research note on Wednesday, July 9th. Finally, DA Davidson upped their target price on Caterpillar from $325.00 to $331.00 and gave the company a "neutral" rating in a research note on Monday, May 5th. Seven equities research analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $412.33.

Caterpillar Trading Down 1.0%

Shares of Caterpillar stock traded down $4.19 during trading hours on Friday, reaching $413.88. 2,525,098 shares of the company's stock were exchanged, compared to its average volume of 2,517,427. Caterpillar Inc. has a 52-week low of $267.30 and a 52-week high of $419.90. The firm has a market capitalization of $194.95 billion, a price-to-earnings ratio of 20.17, a price-to-earnings-growth ratio of 2.73 and a beta of 1.38. The company has a fifty day moving average of $367.85 and a 200-day moving average of $349.43. The company has a current ratio of 1.32, a quick ratio of 0.77 and a debt-to-equity ratio of 1.43.

Caterpillar (NYSE:CAT - Get Free Report) last released its quarterly earnings data 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). The firm had revenue of $14.25 billion for the quarter, compared to analyst estimates of $14.64 billion. Caterpillar had a return on equity of 53.77% and a net margin of 15.71%. The company's quarterly revenue was down 9.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $5.60 earnings per share. Sell-side analysts forecast that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

Caterpillar Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 20th. Stockholders of record on Monday, July 21st will be issued a dividend of $1.51 per share. This represents a $6.04 dividend on an annualized basis and a dividend yield of 1.46%. This is an increase from Caterpillar's previous quarterly dividend of $1.41. The ex-dividend date of this dividend is Monday, July 21st. Caterpillar's dividend payout ratio is presently 27.49%.

Caterpillar 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.