KG&L Capital Management LLC Acquires 1,364 Shares of Caterpillar Inc. (NYSE:CAT)

KG&L Capital Management LLC boosted its holdings in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 39.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,848 shares of the industrial products company's stock after buying an additional 1,364 shares during the quarter. KG&L Capital Management LLC's holdings in Caterpillar were worth $1,593,000 as of its most recent SEC filing.

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

Insiders Place Their Bets

In other Caterpillar news, Director David Maclennan bought 375 shares of the company's stock in a transaction dated Wednesday, May 7th. The shares were acquired at an average cost of $320.70 per share, with a total value of $120,262.50. Following the completion of the transaction, the director now owns 6,653 shares in the company, 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.33% of the stock is currently owned by insiders.

Caterpillar Stock Down 0.4%

Caterpillar stock opened at $371.63 on Thursday. Caterpillar Inc. has a 1-year low of $267.30 and a 1-year high of $418.50. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.32 and a quick ratio of 0.77. The stock's 50 day moving average price is $338.55 and its 200 day moving average price is $346.61. The company has a market cap of $175.05 billion, a PE ratio of 18.11, a price-to-earnings-growth ratio of 2.48 and a beta of 1.37.

Caterpillar (NYSE:CAT - Get Free Report) last issued 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 business had revenue of $14.25 billion during the quarter, compared to analyst estimates of $14.64 billion. Caterpillar had a net margin of 15.71% and a return on equity of 53.77%. Caterpillar's revenue was down 9.8% on a year-over-year basis. During the same period in the previous year, the company posted $5.60 earnings per share. On average, sell-side analysts predict that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

Caterpillar Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 20th. Stockholders of record on Monday, July 21st will be paid a dividend of $1.51 per share. The ex-dividend date of this dividend is Monday, July 21st. This is a boost from Caterpillar's previous quarterly dividend of $1.41. This represents a $6.04 annualized dividend and a dividend yield of 1.63%. Caterpillar's payout ratio is currently 27.49%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Morgan Stanley upgraded Caterpillar from an "underweight" rating to an "equal weight" rating and decreased their price objective for the company from $300.00 to $283.00 in a report on Wednesday, April 16th. DA Davidson raised their price target on Caterpillar from $325.00 to $331.00 and gave the stock a "neutral" rating in a report on Monday, May 5th. JPMorgan Chase & Co. cut their price target on shares of Caterpillar from $490.00 to $380.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. Bank of America boosted their price target on Caterpillar from $335.00 to $385.00 and gave the company a "buy" rating in a research note on Friday, May 30th. Finally, Oppenheimer raised Caterpillar from a "market perform" rating to an "outperform" rating and set a $395.00 target price for the company in a report on Thursday, May 1st. Six analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $380.83.

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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