Victrix Investment Advisors Invests $2.09 Million in Caterpillar Inc. (NYSE:CAT)

Victrix Investment Advisors purchased a new stake in Caterpillar Inc. (NYSE:CAT - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund purchased 5,761 shares of the industrial products company's stock, valued at approximately $2,090,000. Caterpillar comprises about 1.5% of Victrix Investment Advisors' portfolio, making the stock its 25th largest position.

Several other institutional investors also recently bought and sold shares of the business. FSM Wealth Advisors LLC raised its holdings in Caterpillar by 3.8% in the 4th quarter. FSM Wealth Advisors LLC now owns 688 shares of the industrial products company's stock valued at $262,000 after acquiring an additional 25 shares during the last quarter. Allen Capital Group LLC grew its stake in shares of Caterpillar by 0.6% during the 4th quarter. Allen Capital Group LLC now owns 4,247 shares of the industrial products company's stock valued at $1,541,000 after buying an additional 26 shares during the period. Wagner Wealth Management LLC grew its stake in shares of Caterpillar by 4.0% during the 4th quarter. Wagner Wealth Management LLC now owns 668 shares of the industrial products company's stock valued at $242,000 after buying an additional 26 shares during the period. Total Clarity Wealth Management Inc. grew its stake in shares of Caterpillar by 0.6% during the 4th quarter. Total Clarity Wealth Management Inc. now owns 4,373 shares of the industrial products company's stock valued at $1,586,000 after buying an additional 27 shares during the period. Finally, Magnolia Capital Advisors LLC grew its stake in shares of Caterpillar by 3.3% during the 4th quarter. Magnolia Capital Advisors LLC now owns 857 shares of the industrial products company's stock valued at $311,000 after buying an additional 27 shares during the period. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Caterpillar Stock Down 2.0%

NYSE:CAT traded down $6.82 on Wednesday, reaching $342.67. The stock had a trading volume of 2,092,856 shares, compared to its average volume of 2,641,017. The company has a current ratio of 1.42, a quick ratio of 0.89 and a debt-to-equity ratio of 1.40. The company has a 50-day moving average of $318.06 and a 200 day moving average of $353.46. The stock has a market cap of $161.41 billion, a P/E ratio of 15.53, a price-to-earnings-growth ratio of 1.87 and a beta of 1.35. Caterpillar Inc. has a 12-month low of $267.30 and a 12-month high of $418.50.

Caterpillar (NYSE:CAT - Get Free Report) last issued 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). Caterpillar had a return on equity of 58.18% and a net margin of 16.65%. The company had revenue of $14.25 billion for the quarter, compared to the consensus estimate of $14.64 billion. During the same period in the previous year, the business posted $5.60 EPS. The business's revenue for the quarter was down 9.8% on a year-over-year basis. On average, research analysts predict that Caterpillar Inc. will post 19.86 earnings per share for the current year.

Caterpillar Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 20th. Stockholders of record on Monday, April 21st were given a dividend of $1.41 per share. The ex-dividend date of this dividend was Monday, April 21st. This represents a $5.64 annualized dividend and a dividend yield of 1.65%. Caterpillar's payout ratio is 27.49%.

Analyst Ratings Changes

Several brokerages have recently issued reports on CAT. Morgan Stanley raised shares of Caterpillar from an "underweight" rating to an "equal weight" rating and lowered their price objective for the company from $300.00 to $283.00 in a research note on Wednesday, April 16th. Raymond James raised shares of Caterpillar from a "market perform" rating to an "outperform" rating in a research note on Monday, February 3rd. Oppenheimer raised shares of Caterpillar from a "market perform" rating to an "outperform" rating and set a $395.00 price target for the company in a research report on Thursday, May 1st. Citigroup upped their price target on shares of Caterpillar from $320.00 to $370.00 and gave the stock a "buy" rating in a research report on Monday, May 5th. Finally, UBS Group raised shares of Caterpillar from a "sell" rating to a "neutral" rating and upped their price target for the stock from $272.00 to $357.00 in a research report on Friday, May 16th. 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $375.33.

Insider Transactions at Caterpillar

In related news, Director David Maclennan bought 375 shares of the firm's stock in a transaction on Wednesday, May 7th. The stock was bought 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 directly owns 6,653 shares in the company, valued at approximately $2,133,617.10. The trade was a 5.97% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.33% of the company's stock.

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.