2,547 Shares in Caterpillar Inc. (NYSE:CAT) Bought by Diversify Advisory Services LLC

Diversify Advisory Services LLC bought a new stake in Caterpillar Inc. (NYSE:CATFree Report) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 2,547 shares of the industrial products company’s stock, valued at approximately $926,000.

A number of other large investors have also recently bought and sold shares of the company. Partnership Wealth Management LLC bought a new position in Caterpillar in the fourth quarter valued at $26,000. Richardson Financial Services Inc. bought a new position in shares of Caterpillar in the 4th quarter valued at about $27,000. Thompson Investment Management Inc. acquired a new stake in shares of Caterpillar in the first quarter valued at about $27,000. Fairman Group LLC bought a new stake in Caterpillar during the first quarter worth about $29,000. Finally, Gilfoyle & Co LLC acquired a new position in Caterpillar during the fourth quarter valued at approximately $30,000. Institutional investors and hedge funds own 70.98% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CAT. Citigroup began coverage on Caterpillar in a research note on Wednesday, June 26th. They set a “buy” rating and a $380.00 price objective on the stock. HSBC boosted their price objective on shares of Caterpillar from $330.00 to $360.00 and gave the stock a “hold” rating in a research note on Tuesday, April 30th. Truist Financial began coverage on Caterpillar in a report on Thursday, March 14th. They set a “buy” rating and a $390.00 price target for the company. Oppenheimer restated a “market perform” rating on shares of Caterpillar in a research note on Thursday, April 18th. Finally, Stifel Nicolaus lowered Caterpillar from a “buy” rating to a “hold” rating and boosted their target price for the stock from $293.00 to $350.00 in a report on Friday, April 26th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $329.63.

Read Our Latest Research Report on CAT

Insider Buying and Selling at Caterpillar

In related news, insider Lange Bob De sold 21,847 shares of Caterpillar stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $356.90, for a total value of $7,797,194.30. Following the transaction, the insider now directly owns 71,115 shares of the company’s stock, valued at $25,380,943.50. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, insider Cheryl H. Johnson sold 1,508 shares of Caterpillar stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $340.00, for a total value of $512,720.00. Following the completion of the transaction, the insider now directly owns 20,023 shares of the company’s stock, valued at approximately $6,807,820. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Lange Bob De sold 21,847 shares of the business’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $356.90, for a total value of $7,797,194.30. Following the completion of the transaction, the insider now directly owns 71,115 shares in the company, valued at $25,380,943.50. The disclosure for this sale can be found here. Corporate insiders own 0.33% of the company’s stock.

Caterpillar Stock Down 0.7 %

Shares of NYSE:CAT opened at $328.35 on Friday. Caterpillar Inc. has a 52-week low of $223.76 and a 52-week high of $382.01. The company has a market capitalization of $160.58 billion, a PE ratio of 14.82, a price-to-earnings-growth ratio of 1.69 and a beta of 1.12. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.83 and a current ratio of 1.35. The company has a fifty day moving average of $337.92 and a 200-day moving average of $330.64.

Caterpillar (NYSE:CATGet Free Report) last posted its earnings results on Thursday, April 25th. The industrial products company reported $5.60 earnings per share for the quarter, topping analysts’ consensus estimates of $5.12 by $0.48. The firm had revenue of $15.80 billion for the quarter, compared to analyst estimates of $16.07 billion. Caterpillar had a net margin of 16.79% and a return on equity of 58.61%. On average, equities analysts predict that Caterpillar Inc. will post 21.8 EPS for the current fiscal year.

Caterpillar Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 20th. Investors of record on Monday, July 22nd will be given a dividend of $1.41 per share. This is a positive change from Caterpillar’s previous quarterly dividend of $1.30. This represents a $5.64 annualized dividend and a yield of 1.72%. The ex-dividend date is Monday, July 22nd. Caterpillar’s dividend payout ratio (DPR) is currently 23.48%.

Caterpillar declared that its Board of Directors has initiated a stock buyback plan on Wednesday, June 12th that allows the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization allows the industrial products company to repurchase up to 12.7% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

Caterpillar Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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