Everpar Advisors LLC Buys New Shares in Caterpillar Inc. (NYSE:CAT)

Everpar Advisors LLC purchased a new stake in Caterpillar Inc. (NYSE:CAT - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 2,304 shares of the industrial products company's stock, valued at approximately $681,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Gilfoyle & Co LLC acquired a new position in Caterpillar during the 4th quarter worth approximately $30,000. Fortitude Family Office LLC purchased a new position in Caterpillar in the fourth quarter valued at $39,000. Authentikos Wealth Advisory LLC acquired a new stake in Caterpillar in the third quarter valued at $41,000. DiNuzzo Private Wealth Inc. purchased a new stake in Caterpillar during the 4th quarter worth about $41,000. Finally, Rational Advisors LLC acquired a new position in shares of Caterpillar during the 3rd quarter worth about $42,000. Hedge funds and other institutional investors own 70.98% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on CAT shares. Truist Financial initiated coverage on Caterpillar in a research note on Thursday, March 14th. They set a "buy" rating and a $390.00 target price for the company. TD Cowen lifted their price target on shares of Caterpillar from $338.00 to $340.00 and gave the stock a "buy" rating in a research note on Friday, April 26th. Wells Fargo & Company upped their price objective on shares of Caterpillar from $290.00 to $325.00 and gave the company an "equal weight" rating in a research note on Tuesday, February 6th. StockNews.com cut Caterpillar from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, February 20th. Finally, HSBC upped their target price on Caterpillar from $330.00 to $360.00 and gave the company a "hold" rating in a research report on Tuesday, April 30th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Caterpillar has a consensus rating of "Hold" and a consensus target price of $323.35.

Insider Buying and Selling at Caterpillar

In other Caterpillar news, Director David Maclennan acquired 500 shares of the stock in a transaction that occurred on Friday, May 3rd. The shares were purchased at an average cost of $337.39 per share, with a total value of $168,695.00. Following the purchase, the director now owns 5,738 shares in the company, valued at $1,935,943.82. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director David Maclennan bought 500 shares of Caterpillar stock in a transaction that occurred on Friday, May 3rd. The shares were purchased at an average price of $337.39 per share, with a total value of $168,695.00. Following the purchase, the director now owns 5,738 shares in the company, valued at $1,935,943.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Anthony D. Fassino sold 4,575 shares of the business's stock in a transaction on Wednesday, February 28th. The stock was 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 directly owns 23,474 shares of the company's stock, valued at $7,741,725.20. The disclosure for this sale can be found here. 0.33% of the stock is owned by corporate insiders.

Caterpillar Price Performance

Shares of NYSE CAT traded up $2.90 during trading on Tuesday, hitting $345.00. 1,943,358 shares of the company were exchanged, compared to its average volume of 2,503,008. The firm's fifty day moving average price is $352.57 and its 200 day moving average price is $304.94. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.35 and a quick ratio of 0.83. The company has a market cap of $168.72 billion, a price-to-earnings ratio of 15.58, a PEG ratio of 1.44 and a beta of 1.19. Caterpillar Inc. has a 1 year low of $205.60 and a 1 year high of $382.01.

Caterpillar (NYSE:CAT - Get Free Report) last released its quarterly earnings data on Thursday, April 25th. The industrial products company reported $5.60 EPS for the quarter, topping analysts' consensus estimates of $5.12 by $0.48. Caterpillar had a net margin of 16.79% and a return on equity of 58.61%. The firm had revenue of $15.80 billion for the quarter, compared to the consensus estimate of $16.07 billion. On average, sell-side analysts expect that Caterpillar Inc. will post 21.79 earnings per share for the current fiscal year.

Caterpillar Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, May 20th. Shareholders of record on Monday, April 22nd will be given a dividend of $1.30 per share. The ex-dividend date is Friday, April 19th. This represents a $5.20 dividend on an annualized basis and a yield of 1.51%. Caterpillar's payout ratio is 23.48%.

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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