U.S. Capital Wealth Advisors LLC Sells 661 Shares of Caterpillar Inc. (NYSE:CAT)

U.S. Capital Wealth Advisors LLC lessened its holdings in Caterpillar Inc. (NYSE:CAT - Free Report) by 2.2% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 29,703 shares of the industrial products company's stock after selling 661 shares during the quarter. U.S. Capital Wealth Advisors LLC's holdings in Caterpillar were worth $9,796,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Pacific Point Advisors LLC bought a new stake in Caterpillar during the fourth quarter worth about $579,000. Brighton Jones LLC lifted its position in Caterpillar by 51.5% during the fourth quarter. Brighton Jones LLC now owns 7,409 shares of the industrial products company's stock worth $2,688,000 after purchasing an additional 2,519 shares during the period. Proficio Capital Partners LLC lifted its position in Caterpillar by 38.3% during the fourth quarter. Proficio Capital Partners LLC now owns 2,218 shares of the industrial products company's stock worth $805,000 after purchasing an additional 614 shares during the period. Vestmark Advisory Solutions Inc. bought a new stake in Caterpillar during the fourth quarter worth about $219,000. Finally, Larson Financial Group LLC lifted its position in Caterpillar by 2.2% during the fourth quarter. Larson Financial Group LLC now owns 4,430 shares of the industrial products company's stock worth $1,607,000 after purchasing an additional 97 shares during the period. Institutional investors own 70.98% of the company's stock.

Wall Street Analysts Forecast Growth

CAT has been the subject of several recent analyst reports. DA Davidson upped their price objective on shares of Caterpillar from $325.00 to $331.00 and gave the stock a "neutral" rating in a research report on Monday, May 5th. UBS Group raised shares of Caterpillar from a "sell" rating to a "neutral" rating and increased their target price for the stock from $272.00 to $357.00 in a report on Friday, May 16th. Baird R W raised shares of Caterpillar from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 13th. Oppenheimer raised shares of 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. Finally, Evercore ISI dropped their target price on shares of Caterpillar from $375.00 to $373.00 and set an "in-line" rating for the company in a report on Monday, May 19th. Six research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $380.83.

Insiders Place Their Bets

In other Caterpillar news, Director David Maclennan purchased 375 shares of the business's stock in a transaction 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 acquisition, the director owned 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.33% of the company's stock.

Caterpillar Stock Performance

Caterpillar stock opened at $399.33 on Monday. The company has a market capitalization of $188.10 billion, a P/E ratio of 19.46, a P/E/G ratio of 2.64 and a beta of 1.38. The business has a 50 day moving average of $351.96 and a 200-day moving average of $346.74. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.32 and a quick ratio of 0.77. Caterpillar Inc. has a 1 year low of $267.30 and a 1 year high of $418.50.

Caterpillar (NYSE:CAT - Get Free Report) last released its earnings results on Wednesday, April 30th. The industrial products company reported $4.25 earnings per share for the quarter, missing analysts' consensus estimates of $4.35 by ($0.10). The firm had revenue of $14.25 billion for 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%. The business's revenue for the quarter was down 9.8% compared to the same quarter last year. During the same period in the prior year, the company posted $5.60 EPS. On average, equities research analysts predict that Caterpillar Inc. will post 19.86 earnings per share for the current year.

Caterpillar Increases Dividend

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

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.

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