Heck Capital Advisors LLC Invests $1.36 Million in Caterpillar Inc. (NYSE:CAT)

Heck Capital Advisors LLC bought a new stake in Caterpillar Inc. (NYSE:CAT - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,747 shares of the industrial products company's stock, valued at approximately $1,359,000.

Several other large investors also recently added to or reduced their stakes in CAT. Pacific Point Advisors LLC purchased a new position in Caterpillar in the fourth quarter worth $579,000. Brighton Jones LLC lifted its position in Caterpillar by 51.5% in the 4th quarter. Brighton Jones LLC now owns 7,409 shares of the industrial products company's stock worth $2,688,000 after buying an additional 2,519 shares during the last quarter. Cornerstone Wealth Management LLC grew its position in Caterpillar by 4.6% during the fourth quarter. Cornerstone Wealth Management LLC now owns 4,082 shares of the industrial products company's stock valued at $1,481,000 after acquiring an additional 179 shares during the last quarter. RFG Advisory LLC lifted its holdings in shares of Caterpillar by 3.6% in the 4th quarter. RFG Advisory LLC now owns 6,739 shares of the industrial products company's stock worth $2,445,000 after acquiring an additional 232 shares during the last quarter. Finally, Sound Income Strategies LLC boosted its stake in shares of Caterpillar by 9.5% in the 4th quarter. Sound Income Strategies LLC now owns 1,864 shares of the industrial products company's stock valued at $676,000 after purchasing an additional 161 shares in the last quarter. Hedge funds and other institutional investors own 70.98% of the company's stock.

Wall Street Analyst Weigh In

CAT has been the topic of a number of analyst reports. Robert W. Baird raised Caterpillar from a "neutral" rating to an "outperform" rating and lifted their price target for the stock from $309.00 to $395.00 in a research note on Tuesday, May 13th. Wall Street Zen lowered shares of Caterpillar from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. Evercore ISI cut their target price on Caterpillar from $375.00 to $373.00 and set an "in-line" rating on the stock in a research note on Monday, May 19th. JPMorgan Chase & Co. reduced their price objective on shares of Caterpillar from $490.00 to $380.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. Finally, Morgan Stanley upgraded Caterpillar from an "underweight" rating to an "equal weight" rating and reduced their target price for the stock from $300.00 to $283.00 in a report on Wednesday, April 16th. Six research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $372.92.

Insider Buying and Selling

In other Caterpillar news, Director David Maclennan bought 375 shares of the company's stock in a transaction 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. The trade was a 5.97% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.33% of the stock is owned by insiders.

Caterpillar Price Performance

Shares of NYSE:CAT traded down $0.33 during midday trading on Friday, reaching $351.47. 1,099,317 shares of the company were exchanged, compared to its average volume of 2,626,210. The company has a current ratio of 1.42, a quick ratio of 0.89 and a debt-to-equity ratio of 1.40. The stock has a market cap of $165.55 billion, a PE ratio of 15.93, a price-to-earnings-growth ratio of 1.87 and a beta of 1.35. The business's fifty day moving average is $319.13 and its two-hundred day moving average is $351.46. Caterpillar Inc. has a one year low of $267.30 and a one year high of $418.50.

Caterpillar (NYSE:CAT - Get Free Report) last announced its quarterly earnings results 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). Caterpillar had a net margin of 16.65% and a return on equity of 58.18%. The firm 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 company posted $5.60 earnings per share. Caterpillar's quarterly revenue was down 9.8% on a year-over-year basis. As a group, analysts predict that Caterpillar Inc. will post 19.86 earnings per share for the current year.

Caterpillar Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 20th. Shareholders of record on Monday, April 21st were given a dividend of $1.41 per share. The ex-dividend date was Monday, April 21st. This represents a $5.64 annualized dividend and a dividend yield of 1.60%. Caterpillar's dividend payout ratio (DPR) is presently 27.49%.

About Caterpillar

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.