Forum Financial Management LP Buys 895 Shares of Caterpillar Inc. (NYSE:CAT)

Forum Financial Management LP raised its stake in Caterpillar Inc. (NYSE:CAT - Free Report) by 14.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,048 shares of the industrial products company's stock after acquiring an additional 895 shares during the quarter. Forum Financial Management LP's holdings in Caterpillar were worth $2,557,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in CAT. West Wealth Group LLC acquired a new position in shares of Caterpillar during the fourth quarter worth $230,000. Proficio Capital Partners LLC grew its position in Caterpillar by 38.3% during the 4th quarter. Proficio Capital Partners LLC now owns 2,218 shares of the industrial products company's stock worth $805,000 after acquiring an additional 614 shares during the last quarter. Victrix Investment Advisors acquired a new position in Caterpillar in the 4th quarter worth about $2,090,000. Braun Stacey Associates Inc. raised its position in Caterpillar by 2.8% in the fourth quarter. Braun Stacey Associates Inc. now owns 34,837 shares of the industrial products company's stock valued at $12,637,000 after purchasing an additional 963 shares during the last quarter. Finally, Strategic Advisors LLC grew its holdings in shares of Caterpillar by 14.6% during the fourth quarter. Strategic Advisors LLC now owns 5,724 shares of the industrial products company's stock worth $2,076,000 after purchasing an additional 730 shares during the last quarter. Institutional investors own 70.98% of the company's stock.

Insider Buying and Selling

In other news, Director David Maclennan bought 375 shares of the business's stock in a transaction that occurred on Wednesday, May 7th. The shares were bought at an average cost of $320.70 per share, for a total transaction of $120,262.50. Following the acquisition, the director now directly owns 6,653 shares in the company, valued at approximately $2,133,617.10. This trade represents a 5.97% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.33% of the stock is owned by company insiders.

Caterpillar Trading Up 2.3%

Shares of CAT stock traded up $7.97 during trading hours on Tuesday, hitting $351.36. 2,238,603 shares of the company were exchanged, compared to its average volume of 2,636,514. The firm has a market cap of $165.51 billion, a P/E ratio of 15.92, a P/E/G ratio of 1.87 and a beta of 1.35. Caterpillar Inc. has a fifty-two week low of $267.30 and a fifty-two week high of $418.50. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.89 and a current ratio of 1.42. The company has a 50 day simple moving average of $318.35 and a two-hundred day simple moving average of $351.79.

Caterpillar (NYSE:CAT - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $4.25 EPS for the quarter, missing the consensus estimate of $4.35 by ($0.10). The company had revenue of $14.25 billion for the quarter, compared to analyst estimates of $14.64 billion. Caterpillar had a return on equity of 58.18% and a net margin of 16.65%. The business's quarterly revenue was down 9.8% compared to the same quarter last year. During the same period last year, the business earned $5.60 EPS. Equities analysts anticipate that Caterpillar Inc. will post 19.86 EPS for the current year.

Caterpillar Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 20th. Investors of record on Monday, April 21st were issued a $1.41 dividend. This represents a $5.64 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date of this dividend was Monday, April 21st. Caterpillar's dividend payout ratio is currently 27.49%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on CAT. Baird R W raised shares of Caterpillar from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 13th. DA Davidson boosted their price objective on shares of Caterpillar from $325.00 to $331.00 and gave the stock a "neutral" rating in a research note on Monday, May 5th. Wall Street Zen cut shares of Caterpillar from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Robert W. Baird raised shares of Caterpillar from a "neutral" rating to an "outperform" rating and boosted their price objective for the stock from $309.00 to $395.00 in a research note on Tuesday, May 13th. Finally, Wedbush raised shares of Caterpillar to an "outperform" rating in a research note on Monday, February 3rd. Six investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $375.33.

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.