Caterpillar Inc. (NYSE:CAT) Shares Purchased by Trinity Financial Advisors LLC

Trinity Financial Advisors LLC grew its position in Caterpillar Inc. (NYSE:CAT - Free Report) by 252.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,992 shares of the industrial products company's stock after purchasing an additional 4,292 shares during the period. Trinity Financial Advisors LLC's holdings in Caterpillar were worth $1,976,000 at the end of the most recent quarter.

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

Insider Activity at Caterpillar

In related news, Director David Maclennan acquired 375 shares of Caterpillar stock in a transaction that occurred on Wednesday, May 7th. The shares were purchased at an average price of $320.70 per share, for a total transaction 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. This represents a 5.97% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.33% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

CAT has been the topic of a number of recent analyst reports. Morgan Stanley raised shares of Caterpillar from an "underweight" rating to an "equal weight" rating and lowered their price target for the stock from $300.00 to $283.00 in a report on Wednesday, April 16th. Citigroup increased their target price on shares of Caterpillar from $320.00 to $370.00 and gave the stock a "buy" rating in a research note on Monday, May 5th. Oppenheimer upgraded Caterpillar from a "market perform" rating to an "outperform" rating and set a $395.00 target price on the stock in a research report on Thursday, May 1st. Baird R W upgraded Caterpillar from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, May 13th. Finally, Truist Financial reissued a "buy" rating and issued a $396.00 price objective (up from $389.00) on shares of Caterpillar in a report on Thursday, May 1st. Six equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Caterpillar presently has an average rating of "Moderate Buy" and a consensus target price of $372.92.

Caterpillar Price Performance

Shares of Caterpillar stock traded down $1.55 during mid-day trading on Thursday, reaching $361.59. 768,820 shares of the stock traded hands, compared to its average volume of 2,583,007. The stock has a market capitalization of $170.32 billion, a PE ratio of 16.38, a PEG ratio of 1.87 and a beta of 1.37. The business has a 50-day moving average of $323.77 and a 200 day moving average of $349.29. Caterpillar Inc. has a fifty-two week low of $267.30 and a fifty-two week high of $418.50. The company has a quick ratio of 0.89, a current ratio of 1.42 and a debt-to-equity ratio of 1.40.

Caterpillar (NYSE:CAT - Get Free Report) last posted its quarterly earnings data 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). Caterpillar had a net margin of 16.65% and a return on equity of 58.18%. The firm had revenue of $14.25 billion during the quarter, compared to analyst estimates of $14.64 billion. During the same period in the prior year, the company posted $5.60 earnings per share. The firm's revenue for the quarter was down 9.8% compared to the same quarter last year. On average, analysts predict that Caterpillar Inc. will post 19.86 EPS for the current year.

Caterpillar Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 20th. Stockholders of record on Monday, July 21st will be paid a $1.51 dividend. This is an increase from Caterpillar's previous quarterly dividend of $1.41. This represents a $6.04 annualized dividend and a dividend yield of 1.67%. Caterpillar's dividend payout ratio (DPR) is currently 27.49%.

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.