Integrated Wealth Concepts LLC Purchases 2,784 Shares of Caterpillar Inc. (NYSE:CAT)

Integrated Wealth Concepts LLC boosted its holdings in Caterpillar Inc. (NYSE:CAT - Free Report) by 18.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 18,224 shares of the industrial products company's stock after acquiring an additional 2,784 shares during the quarter. Integrated Wealth Concepts LLC's holdings in Caterpillar were worth $6,611,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of Caterpillar by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 46,809,540 shares of the industrial products company's stock worth $16,980,629,000 after buying an additional 284,366 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Caterpillar by 2.3% in the 4th quarter. Geode Capital Management LLC now owns 10,449,770 shares of the industrial products company's stock worth $3,790,841,000 after purchasing an additional 236,315 shares during the period. Fisher Asset Management LLC lifted its stake in shares of Caterpillar by 1.4% in the 4th quarter. Fisher Asset Management LLC now owns 9,081,775 shares of the industrial products company's stock valued at $3,294,505,000 after purchasing an additional 129,143 shares in the last quarter. Norges Bank purchased a new stake in shares of Caterpillar during the 4th quarter worth about $2,184,364,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in Caterpillar by 1.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,289,101 shares of the industrial products company's stock valued at $1,193,154,000 after buying an additional 61,723 shares during the period. Hedge funds and other institutional investors own 70.98% of the company's stock.

Caterpillar Stock Down 1.0 %

Shares of Caterpillar stock traded down $3.16 during midday trading on Wednesday, hitting $304.24. The company's stock had a trading volume of 2,844,622 shares, compared to its average volume of 2,624,730. The stock has a 50-day simple moving average of $319.66 and a 200-day simple moving average of $359.12. The company has a quick ratio of 0.89, a current ratio of 1.42 and a debt-to-equity ratio of 1.40. The firm has a market capitalization of $145.41 billion, a P/E ratio of 13.79, a PEG ratio of 1.87 and a beta of 1.21. 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 quarterly earnings data on Wednesday, April 30th. The industrial products company reported $4.25 earnings per share (EPS) 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 16.65% and a return on equity of 58.18%. Caterpillar's revenue for the quarter was down 9.8% on a year-over-year basis. During the same period in the previous year, the business posted $5.60 EPS. As a group, sell-side analysts expect that Caterpillar Inc. will post 19.86 earnings per share for the current year.

Caterpillar Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 20th. Shareholders of record on Monday, April 21st will be issued a dividend of $1.41 per share. The ex-dividend date is Monday, April 21st. This represents a $5.64 annualized dividend and a yield of 1.85%. Caterpillar's dividend payout ratio (DPR) is presently 25.56%.

Insider Activity

In related news, insider Jason Kaiser sold 2,425 shares of the business's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $354.70, for a total transaction of $860,147.50. Following the completion of the transaction, the insider now owns 6,275 shares of the company's stock, valued at approximately $2,225,742.50. The trade was a 27.87 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gerald Johnson bought 100 shares of the stock in a transaction on Tuesday, February 4th. The stock was acquired at an average cost of $365.57 per share, for a total transaction of $36,557.00. Following the acquisition, the director now directly owns 3,053 shares in the company, valued at approximately $1,116,085.21. The trade was a 3.39 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.29% of the company's stock.

Wall Street Analysts Forecast Growth

CAT has been the topic of several research reports. Citigroup cut their price objective on Caterpillar from $430.00 to $320.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. JPMorgan Chase & Co. decreased their target price on shares of Caterpillar from $490.00 to $380.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. DA Davidson dropped their target price on Caterpillar from $357.00 to $325.00 and set a "neutral" rating on the stock in a research report on Monday, April 21st. Wedbush raised Caterpillar to an "outperform" rating in a report on Monday, February 3rd. Finally, Morgan Stanley upgraded Caterpillar from an "underweight" rating to an "equal weight" rating and dropped their price objective for the stock from $300.00 to $283.00 in a report on Wednesday, April 16th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Caterpillar has a consensus rating of "Hold" and an average price target of $361.75.

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.