882 Shares in Caterpillar Inc. $CAT Bought by Strategies Wealth Advisors LLC

Strategies Wealth Advisors LLC acquired a new position in Caterpillar Inc. (NYSE:CAT) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 882 shares of the industrial products company’s stock, valued at approximately $291,000.

Several other institutional investors also recently modified their holdings of CAT. Investment Management Corp VA ADV bought a new stake in shares of Caterpillar in the fourth quarter worth $33,000. Curat Global LLC bought a new stake in Caterpillar during the first quarter valued at $33,000. Redmont Wealth Advisors LLC bought a new stake in Caterpillar during the first quarter valued at $33,000. Quarry LP bought a new stake in Caterpillar during the fourth quarter valued at $35,000. Finally, Mpwm Advisory Solutions LLC bought a new stake in Caterpillar during the fourth quarter valued at $36,000. Institutional investors own 70.98% of the company’s stock.

Caterpillar Price Performance

Shares of NYSE CAT opened at $435.0040 on Friday. The firm’s 50-day moving average price is $405.71 and its 200-day moving average price is $357.81. Caterpillar Inc. has a 1-year low of $267.30 and a 1-year high of $441.15. The firm has a market capitalization of $203.79 billion, a P/E ratio of 22.13, a P/E/G ratio of 2.49 and a beta of 1.40. The company has a current ratio of 1.34, a quick ratio of 0.81 and a debt-to-equity ratio of 1.50.

Caterpillar (NYSE:CAT) last announced its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $4.72 earnings per share for the quarter, missing the consensus estimate of $4.88 by ($0.16). Caterpillar had a net margin of 14.95% and a return on equity of 48.95%. The company had revenue of $16.57 billion for the quarter, compared to analyst estimates of $16.14 billion. During the same quarter in the prior year, the company posted $5.99 EPS. Caterpillar’s revenue for the quarter was down .7% on a year-over-year basis. Equities research analysts anticipate that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal year.

Caterpillar Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 20th. Investors of record on Monday, July 21st were issued a $1.51 dividend. The ex-dividend date was Monday, July 21st. This represents a $6.04 dividend on an annualized basis and a dividend yield of 1.4%. This is a boost from Caterpillar’s previous quarterly dividend of $1.41. Caterpillar’s dividend payout ratio (DPR) is currently 30.72%.

Insider Transactions at Caterpillar

In related news, insider Jason Kaiser sold 2,161 shares of the company’s stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $417.70, for a total value of $902,649.70. Following the sale, the insider owned 8,632 shares in the company, valued at $3,605,586.40. This represents a 20.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Susan C. Schwab sold 2,324 shares of the company’s stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $410.00, for a total transaction of $952,840.00. Following the completion of the sale, the director owned 6,917 shares in the company, valued at $2,835,970. This represents a 25.15% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.33% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on CAT. DA Davidson upped their price target on shares of Caterpillar from $331.00 to $388.00 and gave the company a “neutral” rating in a research report on Tuesday, July 22nd. Truist Financial upped their price target on shares of Caterpillar from $414.00 to $507.00 and gave the company a “buy” rating in a research report on Wednesday, August 6th. Oppenheimer upped their price target on shares of Caterpillar from $395.00 to $483.00 and gave the company an “outperform” rating in a research report on Thursday, July 17th. Barclays upped their price target on shares of Caterpillar from $383.00 to $425.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 6th. Finally, Citigroup upped their price target on shares of Caterpillar from $460.00 to $500.00 and gave the company a “buy” rating in a research report on Wednesday, August 6th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $450.87.

Caterpillar Company 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.