McMill Wealth Management Invests $476,000 in Caterpillar Inc. (NYSE:CAT)

McMill Wealth Management acquired a new stake in Caterpillar Inc. (NYSE:CAT - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,311 shares of the industrial products company's stock, valued at approximately $476,000.

Other large investors have also recently added to or reduced their stakes in the company. Flagship Wealth Advisors LLC acquired a new stake in Caterpillar in the 4th quarter valued at about $26,000. Halbert Hargrove Global Advisors LLC acquired a new stake in Caterpillar in the 4th quarter valued at about $27,000. Cyrus J. Lawrence LLC purchased a new position in Caterpillar in the 4th quarter valued at about $27,000. Noble Wealth Management PBC acquired a new stake in shares of Caterpillar during the 4th quarter worth about $31,000. Finally, Investment Management Corp VA ADV acquired a new stake in shares of Caterpillar during the 4th quarter worth about $33,000. 70.98% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director David Maclennan purchased 375 shares of the firm's stock in a transaction dated Wednesday, May 7th. The stock was acquired at an average price 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 of the company's stock, valued at $2,133,617.10. This represents a 5.97% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.33% of the company's stock.

Caterpillar Trading Up 2.3%

NYSE CAT traded up $7.97 during mid-day trading on Tuesday, hitting $351.36. The company's stock had a trading volume of 2,238,180 shares, compared to its average volume of 2,636,508. Caterpillar Inc. has a 52-week low of $267.30 and a 52-week high of $418.50. The stock's fifty day simple moving average is $318.35 and its two-hundred day simple moving average is $351.79. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.42 and a quick ratio of 0.89. The firm has a market capitalization of $165.51 billion, a P/E ratio of 15.92, a price-to-earnings-growth ratio of 1.87 and a beta of 1.35.

Caterpillar (NYSE:CAT - Get Free Report) last posted its quarterly earnings results 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 business had revenue of $14.25 billion during the quarter, compared to analysts' expectations of $14.64 billion. Caterpillar had a net margin of 16.65% and a return on equity of 58.18%. The company's quarterly revenue was down 9.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $5.60 EPS. Research analysts expect that Caterpillar Inc. will post 19.86 EPS for the current year.

Caterpillar Dividend Announcement

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

Wall Street Analysts Forecast Growth

CAT has been the topic of several analyst reports. Morgan Stanley raised shares of Caterpillar from an "underweight" rating to an "equal weight" rating and decreased their price target for the stock from $300.00 to $283.00 in a research note on Wednesday, April 16th. Baird R W raised shares of Caterpillar from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 13th. Bank of America decreased their price target on shares of Caterpillar from $452.00 to $414.00 and set a "buy" rating on the stock in a research note on Friday, January 31st. UBS Group raised shares of Caterpillar from a "sell" rating to a "neutral" rating and raised their price target for the stock from $272.00 to $357.00 in a research note on Friday, May 16th. Finally, Truist Financial reiterated a "buy" rating and set a $396.00 price objective (up from $389.00) on shares of Caterpillar in a report on Thursday, May 1st. Six research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $375.33.

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.