Caterpillar Inc. (NYSE:CAT) Shares Acquired by Catalyst Financial Partners LLC

Catalyst Financial Partners LLC boosted its stake in Caterpillar Inc. (NYSE:CAT) by 1.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,295 shares of the industrial products company’s stock after purchasing an additional 63 shares during the quarter. Catalyst Financial Partners LLC’s holdings in Caterpillar were worth $1,270,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. Waterway Wealth Management LLC acquired a new stake in shares of Caterpillar during the fourth quarter worth $352,000. Farmers Trust Co. raised its holdings in shares of Caterpillar by 2.7% during the fourth quarter. Farmers Trust Co. now owns 4,490 shares of the industrial products company’s stock worth $1,328,000 after purchasing an additional 120 shares during the period. Firethorn Wealth Partners LLC grew its position in shares of Caterpillar by 19.4% during the fourth quarter. Firethorn Wealth Partners LLC now owns 1,825 shares of the industrial products company’s stock worth $540,000 after acquiring an additional 296 shares during the last quarter. Axxcess Wealth Management LLC grew its position in shares of Caterpillar by 20.0% during the fourth quarter. Axxcess Wealth Management LLC now owns 21,343 shares of the industrial products company’s stock worth $6,310,000 after acquiring an additional 3,558 shares during the last quarter. Finally, Panagora Asset Management Inc. grew its position in shares of Caterpillar by 16.7% during the third quarter. Panagora Asset Management Inc. now owns 367,655 shares of the industrial products company’s stock worth $100,370,000 after acquiring an additional 52,576 shares during the last quarter. 70.98% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Caterpillar

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

Caterpillar Stock Up 2.1 %

NYSE:CAT traded up $7.28 during mid-day trading on Thursday, reaching $351.78. The stock had a trading volume of 3,208,141 shares, compared to its average volume of 2,508,150. Caterpillar Inc. has a fifty-two week low of $205.60 and a fifty-two week high of $382.01. 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 business’s 50 day moving average is $352.87 and its 200 day moving average is $305.22. The stock has a market cap of $172.04 billion, a P/E ratio of 15.92, a PEG ratio of 1.44 and a beta of 1.19.

Caterpillar (NYSE:CAT) last announced its quarterly earnings results on Thursday, April 25th. The industrial products company reported $5.60 EPS for the quarter, beating the consensus estimate of $5.12 by $0.48. The company had revenue of $15.80 billion for the quarter, compared to the consensus estimate of $16.07 billion. Caterpillar had a return on equity of 58.61% and a net margin of 16.79%. As a group, sell-side analysts predict that Caterpillar Inc. will post 21.79 earnings per share for the current year.

Caterpillar Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 20th. Investors of record on Monday, April 22nd will be issued a $1.30 dividend. 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 1.48%. Caterpillar’s dividend payout ratio is 23.48%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Robert W. Baird upped their price target 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. The Goldman Sachs Group increased their target price on shares of Caterpillar from $357.00 to $408.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Stifel Nicolaus lowered shares of Caterpillar from a “buy” rating to a “hold” rating and raised their price objective for the company from $293.00 to $350.00 in a research report on Friday, April 26th. HSBC upped their price objective on shares of Caterpillar from $330.00 to $360.00 and gave the company a “hold” rating in a research note on Tuesday, April 30th. Finally, Evercore ISI lowered shares of Caterpillar from an “outperform” rating to an “in-line” rating and increased their price target for the stock from $321.00 to $338.00 in a research report on Tuesday, February 20th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Caterpillar presently has a consensus rating of “Hold” and an average price target of $323.35.

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.