Wealthcare Advisory Partners LLC Has $3.08 Million Position in Caterpillar Inc. (NYSE:CAT)

Wealthcare Advisory Partners LLC increased its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 17.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,416 shares of the industrial products company’s stock after acquiring an additional 1,515 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in Caterpillar were worth $3,080,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in CAT. Fisher Asset Management LLC lifted its position in shares of Caterpillar by 2.3% during the 4th quarter. Fisher Asset Management LLC now owns 8,145,840 shares of the industrial products company’s stock valued at $2,408,481,000 after acquiring an additional 179,908 shares during the period. Northern Trust Corp increased its position in Caterpillar by 1.6% during the 3rd quarter. Northern Trust Corp now owns 6,962,809 shares of the industrial products company’s stock valued at $1,900,847,000 after purchasing an additional 111,384 shares during the period. Morgan Stanley raised its holdings in Caterpillar by 0.7% during the 3rd quarter. Morgan Stanley now owns 6,830,849 shares of the industrial products company’s stock worth $1,864,823,000 after purchasing an additional 47,258 shares during the last quarter. FMR LLC lifted its position in shares of Caterpillar by 14.9% in the 3rd quarter. FMR LLC now owns 6,038,207 shares of the industrial products company’s stock worth $1,648,431,000 after purchasing an additional 781,111 shares during the period. Finally, International Assets Investment Management LLC raised its stake in Caterpillar by 28,603.5% during the fourth quarter. International Assets Investment Management LLC now owns 1,494,018 shares of the industrial products company’s stock worth $4,417,360,000 after buying an additional 1,488,813 shares during the last quarter. 70.98% of the stock is owned by institutional investors and hedge funds.

Caterpillar Price Performance

CAT traded up $5.40 during trading on Monday, reaching $342.15. The stock had a trading volume of 1,653,389 shares, compared to its average volume of 2,509,182. The stock has a market cap of $167.33 billion, a PE ratio of 15.45, a PEG ratio of 1.44 and a beta of 1.19. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.83 and a current ratio of 1.35. Caterpillar Inc. has a one year low of $205.60 and a one year high of $382.01. The business has a 50-day moving average of $352.22 and a 200-day moving average of $304.27.

Caterpillar (NYSE:CAT) last released its earnings results on Thursday, April 25th. The industrial products company reported $5.60 EPS for the quarter, beating analysts’ consensus estimates of $5.12 by $0.48. Caterpillar had a return on equity of 58.61% and a net margin of 16.79%. The business had revenue of $15.80 billion for the quarter, compared to analysts’ expectations of $16.07 billion. As a group, equities research analysts anticipate that Caterpillar Inc. will post 21.79 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. Stockholders 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 dividend yield of 1.52%. Caterpillar’s dividend payout ratio (DPR) is currently 23.48%.

Analyst Ratings Changes

A number of brokerages have commented on CAT. StockNews.com cut shares of Caterpillar from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 20th. HSBC lifted their target price on Caterpillar from $330.00 to $360.00 and gave the stock a “hold” rating in a report on Tuesday, April 30th. Morgan Stanley began coverage on Caterpillar in a report on Monday, January 8th. They set an “equal weight” rating and a $270.00 price target on the stock. Robert W. Baird lifted their price objective on shares of Caterpillar from $210.00 to $257.00 and gave the company an “underperform” rating in a research note on Tuesday, February 6th. Finally, Evercore ISI lowered shares of Caterpillar from an “outperform” rating to an “in-line” rating and increased their target price for the stock from $321.00 to $338.00 in a research note on Tuesday, February 20th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $323.35.

Insider Activity

In related news, Director David Maclennan acquired 350 shares of Caterpillar stock in a transaction dated Friday, February 23rd. The shares were purchased at an average cost of $323.37 per share, with a total value of $113,179.50. Following the completion of the purchase, the director now owns 5,238 shares of the company’s stock, valued at $1,693,812.06. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, insider Lange Bob De sold 21,194 shares of the stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $325.52, for a total transaction of $6,899,070.88. Following the completion of the sale, the insider now directly owns 61,092 shares in the company, valued at $19,886,667.84. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director David Maclennan bought 350 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were purchased at an average price of $323.37 per share, with a total value of $113,179.50. Following the completion of the acquisition, the director now owns 5,238 shares of the company’s stock, valued at approximately $1,693,812.06. The disclosure for this purchase can be found here. Insiders own 0.33% of the company’s stock.

About Caterpillar

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.