Caterpillar Inc. (NYSE:CAT) Position Boosted by Global Assets Advisory LLC

Global Assets Advisory LLC increased its holdings in Caterpillar Inc. (NYSE:CAT - Free Report) by 200.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,950 shares of the industrial products company's stock after acquiring an additional 1,300 shares during the quarter. Global Assets Advisory LLC's holdings in Caterpillar were worth $589,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Flagship Wealth Advisors LLC bought a new position in shares of Caterpillar during the fourth quarter worth about $26,000. Halbert Hargrove Global Advisors LLC bought a new stake in Caterpillar in the fourth quarter valued at about $27,000. Cyrus J. Lawrence LLC acquired a new stake in Caterpillar during the fourth quarter valued at approximately $27,000. Noble Wealth Management PBC bought a new position in Caterpillar during the 4th quarter worth approximately $31,000. Finally, Investment Management Corp VA ADV acquired a new position in shares of Caterpillar in the 4th quarter worth approximately $33,000. Hedge funds and other institutional investors own 70.98% of the company's stock.

Insider Buying and Selling at Caterpillar

In other news, Director David Maclennan bought 375 shares of the business's stock in a transaction on Wednesday, May 7th. The stock was purchased at an average cost of $320.70 per share, for a total transaction of $120,262.50. Following the completion of the transaction, the director now directly owns 6,653 shares of the company's stock, valued at approximately $2,133,617.10. This trade represents a 5.97% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.33% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Morgan Stanley raised Caterpillar from an "underweight" rating to an "equal weight" rating and dropped their price target for the company from $300.00 to $283.00 in a research report on Wednesday, April 16th. Robert W. Baird raised their price target on shares of Caterpillar from $395.00 to $422.00 and gave the stock an "outperform" rating in a research report on Friday, June 20th. Truist Financial lifted their price target on shares of Caterpillar from $396.00 to $414.00 and gave the company a "buy" rating in a report on Monday. Baird R W raised shares of Caterpillar from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 13th. Finally, Evercore ISI decreased their target price on Caterpillar from $375.00 to $373.00 and set an "in-line" rating for the company in a research note on Monday, May 19th. Six research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $380.83.

Caterpillar Stock Performance

Shares of CAT traded up $10.12 during mid-day trading on Thursday, reaching $381.70. 2,571,921 shares of the company's stock traded hands, compared to its average volume of 2,535,275. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.77 and a current ratio of 1.32. The business's 50-day moving average price is $338.55 and its 200-day moving average price is $346.61. The stock has a market capitalization of $179.80 billion, a P/E ratio of 18.60, a price-to-earnings-growth ratio of 2.48 and a beta of 1.37. 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 announced its earnings results on Wednesday, April 30th. The industrial products company reported $4.25 earnings per share for the quarter, missing the consensus estimate of $4.35 by ($0.10). Caterpillar had a net margin of 15.71% and a return on equity of 53.77%. The business had revenue of $14.25 billion for the quarter, compared to the consensus estimate of $14.64 billion. During the same period in the previous year, the firm earned $5.60 EPS. The firm's revenue was down 9.8% on a year-over-year basis. Equities analysts predict that Caterpillar Inc. will post 19.86 earnings per share for the current year.

Caterpillar Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 20th. Investors of record on Monday, July 21st will be given a $1.51 dividend. This represents a $6.04 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date is Monday, July 21st. This is a positive change from Caterpillar's previous quarterly dividend of $1.41. Caterpillar's dividend payout ratio is currently 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.