ORG Wealth Partners LLC Sells 940 Shares of Caterpillar Inc. (NYSE:CAT)

ORG Wealth Partners LLC cut its stake in Caterpillar Inc. (NYSE:CAT - Free Report) by 38.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,505 shares of the industrial products company's stock after selling 940 shares during the quarter. ORG Wealth Partners LLC's holdings in Caterpillar were worth $498,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Sterling Investment Counsel LLC lifted its position in Caterpillar by 73.0% in the first quarter. Sterling Investment Counsel LLC now owns 1,081 shares of the industrial products company's stock worth $357,000 after buying an additional 456 shares during the last quarter. Global X Japan Co. Ltd. lifted its position in Caterpillar by 10.5% in the first quarter. Global X Japan Co. Ltd. now owns 1,485 shares of the industrial products company's stock worth $490,000 after buying an additional 141 shares during the last quarter. Bigelow Investment Advisors LLC lifted its position in shares of Caterpillar by 8.3% during the first quarter. Bigelow Investment Advisors LLC now owns 1,622 shares of the industrial products company's stock worth $535,000 after purchasing an additional 124 shares during the last quarter. Beacon Capital Management LLC lifted its position in shares of Caterpillar by 5.9% during the first quarter. Beacon Capital Management LLC now owns 1,516 shares of the industrial products company's stock worth $500,000 after purchasing an additional 84 shares during the last quarter. Finally, Grandview Asset Management LLC lifted its position in shares of Caterpillar by 7.9% during the first quarter. Grandview Asset Management LLC now owns 2,387 shares of the industrial products company's stock worth $787,000 after purchasing an additional 174 shares during the last quarter. 70.98% of the stock is currently owned by institutional investors.

Caterpillar Price Performance

Caterpillar stock opened at $359.73 on Thursday. Caterpillar Inc. has a 52-week low of $267.30 and a 52-week high of $418.50. The firm has a market capitalization of $169.45 billion, a price-to-earnings ratio of 17.53, a PEG ratio of 2.38 and a beta of 1.37. The company has a fifty day simple moving average of $331.20 and a 200-day simple moving average of $347.71. The company has a quick ratio of 0.77, a current ratio of 1.32 and a debt-to-equity ratio of 1.43.

Caterpillar (NYSE:CAT - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $4.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.35 by ($0.10). The company had revenue of $14.25 billion during the quarter, compared to analysts' expectations of $14.64 billion. Caterpillar had a net margin of 15.71% and a return on equity of 53.77%. The firm's quarterly revenue was down 9.8% on a year-over-year basis. During the same quarter last year, the firm posted $5.60 earnings per share. On average, equities analysts anticipate that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

Caterpillar Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 20th. Shareholders 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 positive change from Caterpillar's previous quarterly dividend of $1.41. This represents a $6.04 dividend on an annualized basis and a yield of 1.68%. Caterpillar's dividend payout ratio is 27.49%.

Insiders Place Their Bets

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 purchased at an average cost of $320.70 per share, for a total transaction of $120,262.50. Following the completion of the purchase, the director now owns 6,653 shares of the company's stock, valued at approximately $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 this hyperlink. Insiders own 0.33% of the company's stock.

Wall Street Analysts Forecast Growth

CAT has been the subject of several research analyst reports. Baird R W upgraded Caterpillar from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, May 13th. Truist Financial reiterated a "buy" rating and issued a $396.00 target price (up previously from $389.00) on shares of Caterpillar in a research note on Thursday, May 1st. Citigroup boosted their price target on Caterpillar from $320.00 to $370.00 and gave the stock a "buy" rating in a research note on Monday, May 5th. Morgan Stanley upgraded Caterpillar from an "underweight" rating to an "equal weight" rating and dropped their price target for the stock from $300.00 to $283.00 in a research note on Wednesday, April 16th. Finally, UBS Group upgraded Caterpillar from a "sell" rating to a "neutral" rating and boosted their price target for the stock from $272.00 to $357.00 in a research note on Friday, May 16th. Six research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $372.92.

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.

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