Arbor Wealth Advisors LLC Makes New $691,000 Investment in Caterpillar Inc. (NYSE:CAT)

Arbor Wealth Advisors LLC acquired a new position in shares of Caterpillar Inc. (NYSE:CAT - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 2,337 shares of the industrial products company's stock, valued at approximately $691,000. Caterpillar accounts for approximately 0.7% of Arbor Wealth Advisors LLC's portfolio, making the stock its 24th biggest holding.

A number of other institutional investors have also recently bought and sold shares of the business. Lodestar Private Asset Management LLC increased its holdings in shares of Caterpillar by 4.4% in the fourth quarter. Lodestar Private Asset Management LLC now owns 830 shares of the industrial products company's stock worth $245,000 after acquiring an additional 35 shares in the last quarter. Desjardins Global Asset Management Inc. increased its holdings in shares of Caterpillar by 1.4% in the fourth quarter. Desjardins Global Asset Management Inc. now owns 2,616 shares of the industrial products company's stock worth $774,000 after acquiring an additional 35 shares in the last quarter. Cornerstone Wealth Management LLC increased its holdings in shares of Caterpillar by 1.0% in the fourth quarter. Cornerstone Wealth Management LLC now owns 3,507 shares of the industrial products company's stock worth $1,037,000 after acquiring an additional 36 shares in the last quarter. ACT Wealth Management LLC grew its holdings in shares of Caterpillar by 4.3% during the fourth quarter. ACT Wealth Management LLC now owns 877 shares of the industrial products company's stock worth $259,000 after buying an additional 36 shares in the last quarter. Finally, Patriot Financial Group Insurance Agency LLC grew its holdings in shares of Caterpillar by 2.0% during the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 1,893 shares of the industrial products company's stock worth $560,000 after buying an additional 37 shares in the last quarter. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Caterpillar Stock Performance

NYSE:CAT traded up $5.78 during mid-day trading on Tuesday, hitting $363.39. 1,809,967 shares of the stock were exchanged, compared to its average volume of 2,428,498. The stock has a market capitalization of $181.48 billion, a price-to-earnings ratio of 18.04, a price-to-earnings-growth ratio of 1.57 and a beta of 1.17. The firm's 50-day simple moving average is $348.44 and its 200 day simple moving average is $299.59. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.87 and a current ratio of 1.35. Caterpillar Inc. has a fifty-two week low of $204.04 and a fifty-two week high of $382.01.

Caterpillar (NYSE:CAT - Get Free Report) last released its quarterly earnings results on Monday, February 5th. The industrial products company reported $5.23 earnings per share for the quarter, topping the consensus estimate of $4.76 by $0.47. Caterpillar had a return on equity of 56.99% and a net margin of 15.41%. The business had revenue of $17.07 billion during the quarter, compared to analysts' expectations of $17.06 billion. During the same period last year, the firm posted $3.86 EPS. The firm's revenue for the quarter was up 2.8% compared to the same quarter last year. As a group, equities analysts anticipate that Caterpillar Inc. will post 21.41 EPS for the current fiscal year.

Caterpillar Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 20th. Shareholders of record on Monday, April 22nd will be paid a dividend of $1.30 per share. The ex-dividend date of this dividend is Friday, April 19th. This represents a $5.20 dividend on an annualized basis and a yield of 1.43%. Caterpillar's dividend payout ratio (DPR) is presently 25.82%.

Insiders Place Their Bets

In other news, insider Lange Bob De sold 21,194 shares of Caterpillar stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $325.52, for a total value of $6,899,070.88. Following the transaction, the insider now owns 61,092 shares in the company, valued at approximately $19,886,667.84. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, insider Lange Bob De sold 21,194 shares of Caterpillar stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $325.52, for a total value of $6,899,070.88. Following the transaction, the insider now owns 61,092 shares in the company, valued at approximately $19,886,667.84. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Anthony D. Fassino sold 4,575 shares of Caterpillar stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $329.80, for a total value of $1,508,835.00. Following the completion of the transaction, the insider now owns 23,474 shares in the company, valued at approximately $7,741,725.20. The disclosure for this sale can be found here. Insiders have sold a total of 45,769 shares of company stock worth $14,509,306 in the last 90 days. Company insiders own 0.33% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on CAT shares. Truist Financial started coverage on Caterpillar in a report on Thursday, March 14th. They set a "buy" rating and a $390.00 price objective for the company. Oppenheimer reiterated a "market perform" rating on shares of Caterpillar in a report on Thursday, April 18th. Citigroup increased their price target on Caterpillar from $255.00 to $340.00 and gave the company a "neutral" rating in a research report on Monday, February 12th. Wells Fargo & Company increased their price target on Caterpillar from $290.00 to $325.00 and gave the company an "equal weight" rating in a research report on Tuesday, February 6th. Finally, Morgan Stanley started coverage on Caterpillar in a research report on Monday, January 8th. They set an "equal weight" rating and a $270.00 price target for the company. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, Caterpillar presently has an average rating of "Hold" and an average price target of $307.56.

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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