Caterpillar Inc. (NYSE:CAT) Shares Purchased by Beaumont Financial Advisors LLC

Beaumont Financial Advisors LLC boosted its position in Caterpillar Inc. (NYSE:CAT) by 17.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,618 shares of the industrial products company’s stock after acquiring an additional 237 shares during the quarter. Beaumont Financial Advisors LLC’s holdings in Caterpillar were worth $478,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in CAT. Atlas Capital Advisors LLC increased its position in shares of Caterpillar by 272.4% in the 1st quarter. Atlas Capital Advisors LLC now owns 108 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 79 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its position in shares of Caterpillar by 730.8% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 108 shares of the industrial products company’s stock valued at $25,000 after buying an additional 95 shares during the last quarter. Gilfoyle & Co LLC bought a new stake in shares of Caterpillar during the 4th quarter valued at about $30,000. A.P. Gilfoyle & Co. L.P. bought a new stake in shares of Caterpillar during the 4th quarter valued at about $30,000. Finally, First Capital Advisors Group LLC. bought a new stake in shares of Caterpillar during the 2nd quarter valued at about $30,000. Institutional investors and hedge funds own 70.98% of the company’s stock.

Insider Buying and Selling

In related news, insider Lange Bob De sold 21,194 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $325.52, for a total value of $6,899,070.88. Following the completion of the transaction, the insider now owns 61,092 shares of the company’s stock, valued at approximately $19,886,667.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Lange Bob De sold 21,194 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $325.52, for a total value of $6,899,070.88. Following the completion of the transaction, the insider now owns 61,092 shares of the company’s stock, valued at approximately $19,886,667.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Anthony D. Fassino sold 4,575 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $329.80, for a total transaction 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 approximately $7,741,725.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 45,769 shares of company stock valued at $14,509,306. Company insiders own 0.33% of the company’s stock.

Caterpillar Trading Down 0.9 %

Caterpillar stock opened at $354.68 on Friday. The stock has a market capitalization of $177.13 billion, a PE ratio of 17.61, a price-to-earnings-growth ratio of 1.59 and a beta of 1.17. Caterpillar Inc. has a 12-month low of $204.04 and a 12-month high of $382.01. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.35 and a quick ratio of 0.87. The firm has a 50 day simple moving average of $346.70 and a 200-day simple moving average of $297.78.

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

Caterpillar Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 20th. Investors of record on Monday, April 22nd will be issued a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date is Friday, April 19th. Caterpillar’s payout ratio is 25.82%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on CAT shares. JPMorgan Chase & Co. boosted their price objective on shares of Caterpillar from $385.00 to $435.00 and gave the company an “overweight” rating in a research report on Tuesday. StockNews.com downgraded shares of Caterpillar from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 20th. The Goldman Sachs Group boosted their price objective on shares of Caterpillar from $357.00 to $408.00 and gave the company a “buy” rating in a research report on Tuesday. Truist Financial assumed coverage on shares of Caterpillar in a research report on Thursday, March 14th. They issued a “buy” rating and a $390.00 target price for the company. Finally, Robert W. Baird upped their target price on shares of Caterpillar from $210.00 to $257.00 and gave the stock an “underperform” rating in a research report on Tuesday, February 6th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price 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.