Caterpillar Inc. (NYSE:CAT) Shares Purchased by Focus Partners Wealth

Focus Partners Wealth raised its position in Caterpillar Inc. (NYSE:CAT - Free Report) by 9.6% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 263,846 shares of the industrial products company's stock after buying an additional 23,019 shares during the quarter. Focus Partners Wealth owned about 0.05% of Caterpillar worth $98,040,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Flagship Wealth Advisors LLC acquired a new position in shares of Caterpillar during the 4th quarter worth $26,000. Halbert Hargrove Global Advisors LLC acquired a new stake in shares of Caterpillar during the 4th quarter valued at approximately $27,000. Cyrus J. Lawrence LLC acquired a new stake in shares of Caterpillar in the 4th quarter worth approximately $27,000. Noble Wealth Management PBC purchased a new stake in Caterpillar during the fourth quarter worth $31,000. Finally, Retirement Wealth Solutions LLC acquired a new stake in Caterpillar in the fourth quarter valued at $34,000. Institutional investors and hedge funds own 70.98% of the company's stock.

Insider Buying and Selling 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. Also, insider Jason Kaiser sold 2,425 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $354.70, for a total value of $860,147.50. Following the transaction, the insider now owns 6,275 shares of the company's stock, valued at $2,225,742.50. This represents a 27.87% decrease in their position. The disclosure for this sale can be found here. 0.29% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

CAT has been the topic of several recent research reports. Oppenheimer upgraded shares of Caterpillar from a "market perform" rating to an "outperform" rating and set a $395.00 price objective on the stock in a research report on Thursday, May 1st. Evercore ISI lifted their price objective on Caterpillar from $365.00 to $375.00 and gave the stock an "in-line" rating in a research report on Wednesday, February 19th. StockNews.com cut Caterpillar from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. Citigroup increased their price objective on Caterpillar from $320.00 to $370.00 and gave the company a "buy" rating in a research note on Monday, May 5th. Finally, UBS Group upgraded shares of Caterpillar from a "sell" rating to a "neutral" rating and upped their target price for the company from $355.00 to $385.00 in a report on Monday, February 3rd. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, Caterpillar has an average rating of "Moderate Buy" and a consensus price target of $377.83.

Caterpillar Trading Up 2.9%

NYSE CAT traded up $10.03 during mid-day trading on Tuesday, hitting $352.58. The company's stock had a trading volume of 4,131,400 shares, compared to its average volume of 2,639,657. 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 stock's fifty day simple moving average is $316.84 and its two-hundred day simple moving average is $354.65. The firm has a market capitalization of $166.08 billion, a P/E ratio of 15.98, a price-to-earnings-growth ratio of 1.87 and a beta of 1.35. Caterpillar Inc. has a 52-week low of $267.30 and a 52-week high of $418.50.

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

Caterpillar Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 20th. Investors of record on Monday, April 21st will be issued a $1.41 dividend. This represents a $5.64 annualized dividend and a yield of 1.60%. The ex-dividend date is Monday, April 21st. Caterpillar's dividend payout ratio 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.