Wealth Dimensions Group Ltd. Takes $254,000 Position in Caterpillar Inc. (NYSE:CAT)

Wealth Dimensions Group Ltd. acquired a new stake in shares of Caterpillar Inc. (NYSE:CAT – Get Rating) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,059 shares of the industrial products company’s stock, valued at approximately $254,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CAT. BCK Partners Inc. bought a new stake in shares of Caterpillar in the first quarter valued at approximately $2,580,000. Sei Investments Co. raised its position in shares of Caterpillar by 17.3% in the first quarter. Sei Investments Co. now owns 65,643 shares of the industrial products company’s stock valued at $14,634,000 after purchasing an additional 9,695 shares during the period. Dakota Wealth Management bought a new stake in shares of Caterpillar in the first quarter valued at approximately $405,000. Mather Group LLC. raised its position in shares of Caterpillar by 6.8% in the first quarter. Mather Group LLC. now owns 2,592 shares of the industrial products company’s stock valued at $577,000 after purchasing an additional 165 shares during the period. Finally, NewEdge Advisors LLC raised its position in shares of Caterpillar by 4.4% in the first quarter. NewEdge Advisors LLC now owns 49,705 shares of the industrial products company’s stock valued at $11,075,000 after purchasing an additional 2,076 shares during the period. 68.02% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CAT has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Caterpillar from $228.00 to $225.00 and set a “hold” rating on the stock in a report on Wednesday, April 12th. BMO Capital Markets boosted their price target on shares of Caterpillar from $210.00 to $230.00 in a research note on Tuesday, February 7th. StockNews.com started coverage on shares of Caterpillar in a research note on Thursday, May 18th. They issued a “strong-buy” rating for the company. Barclays boosted their price target on shares of Caterpillar from $200.00 to $225.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 1st. Finally, William Blair reissued a “market perform” rating on shares of Caterpillar in a research note on Tuesday, January 31st. Three research analysts have rated the stock with a sell rating, six have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $238.94.

Caterpillar Stock Up 0.9 %

NYSE CAT traded up $1.88 during trading hours on Friday, reaching $211.86. 951,242 shares of the company’s stock traded hands, compared to its average volume of 3,221,190. Caterpillar Inc. has a 52-week low of $160.60 and a 52-week high of $266.04. The firm has a market cap of $109.18 billion, a PE ratio of 15.52, a PEG ratio of 0.99 and a beta of 1.09. The firm has a 50-day simple moving average of $217.25 and a 200 day simple moving average of $232.93. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.43 and a quick ratio of 0.88.

Caterpillar (NYSE:CAT – Get Rating) last issued its earnings results on Thursday, April 27th. The industrial products company reported $4.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.79 by $1.12. Caterpillar had a net margin of 11.52% and a return on equity of 50.98%. The business had revenue of $15.86 billion during the quarter, compared to analysts’ expectations of $15.27 billion. During the same period in the previous year, the company earned $2.88 earnings per share. The business’s revenue for the quarter was up 16.7% compared to the same quarter last year. Sell-side analysts anticipate that Caterpillar Inc. will post 17.64 EPS for the current fiscal year.

Caterpillar Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 19th. Shareholders of record on Monday, April 24th were given a $1.20 dividend. The ex-dividend date was Friday, April 21st. This represents a $4.80 dividend on an annualized basis and a dividend yield of 2.27%. Caterpillar’s payout ratio is currently 35.48%.

Caterpillar Company Profile

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Caterpillar, Inc engages in the manufacture of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. It operates through the following segments: Construction Industries, Resource Industries, Energy and Transportation, Financial Products, and All Other.