Arbor Wealth Advisors LLC Makes New $691,000 Investment in Caterpillar Inc. (NYSE:CAT)

Arbor Wealth Advisors LLC acquired a new position in shares of Caterpillar Inc. (NYSE:CAT) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 2,337 shares of the industrial products company’s stock, valued at approximately $691,000. Caterpillar accounts for approximately 0.7% of Arbor Wealth Advisors LLC’s portfolio, making the stock its 24th biggest holding.

A number of other institutional investors have also recently bought and sold shares of the business. Lodestar Private Asset Management LLC increased its holdings in shares of Caterpillar by 4.4% in the fourth quarter. Lodestar Private Asset Management LLC now owns 830 shares of the industrial products company’s stock worth $245,000 after acquiring an additional 35 shares in the last quarter. Desjardins Global Asset Management Inc. increased its holdings in shares of Caterpillar by 1.4% in the fourth quarter. Desjardins Global Asset Management Inc. now owns 2,616 shares of the industrial products company’s stock worth $774,000 after acquiring an additional 35 shares in the last quarter. Cornerstone Wealth Management LLC increased its holdings in shares of Caterpillar by 1.0% in the fourth quarter. Cornerstone Wealth Management LLC now owns 3,507 shares of the industrial products company’s stock worth $1,037,000 after acquiring an additional 36 shares in the last quarter. ACT Wealth Management LLC grew its holdings in shares of Caterpillar by 4.3% during the fourth quarter. ACT Wealth Management LLC now owns 877 shares of the industrial products company’s stock worth $259,000 after buying an additional 36 shares in the last quarter. Finally, Patriot Financial Group Insurance Agency LLC grew its holdings in shares of Caterpillar by 2.0% during the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 1,893 shares of the industrial products company’s stock worth $560,000 after buying an additional 37 shares in the last quarter. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Caterpillar Stock Performance

NYSE:CAT traded up $5.78 during mid-day trading on Tuesday, hitting $363.39. 1,809,967 shares of the stock were exchanged, compared to its average volume of 2,428,498. The stock has a market capitalization of $181.48 billion, a price-to-earnings ratio of 18.04, a price-to-earnings-growth ratio of 1.57 and a beta of 1.17. The firm’s 50-day simple moving average is $348.44 and its 200 day simple moving average is $299.59. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.87 and a current ratio of 1.35. Caterpillar Inc. has a fifty-two week low of $204.04 and a fifty-two week high of $382.01.

Caterpillar (NYSE:CAT) last released its quarterly earnings results on Monday, February 5th. The industrial products company reported $5.23 earnings per share for the quarter, topping the consensus estimate of $4.76 by $0.47. Caterpillar had a return on equity of 56.99% and a net margin of 15.41%. The business had revenue of $17.07 billion during the quarter, compared to analysts’ expectations of $17.06 billion. During the same period last year, the firm posted $3.86 EPS. The firm’s revenue for the quarter was up 2.8% compared to the same quarter last year. As a group, equities analysts anticipate that Caterpillar Inc. will post 21.41 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. Shareholders 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 yield of 1.43%. Caterpillar’s dividend payout ratio (DPR) is presently 25.82%.

Insiders Place Their Bets

In other news, insider Lange Bob De sold 21,194 shares of Caterpillar stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $325.52, for a total value of $6,899,070.88. Following the transaction, the insider now owns 61,092 shares in the company, valued at approximately $19,886,667.84. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, insider Lange Bob De sold 21,194 shares of Caterpillar stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $325.52, for a total value of $6,899,070.88. Following the transaction, the insider now owns 61,092 shares in the company, valued at approximately $19,886,667.84. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Anthony D. Fassino sold 4,575 shares of Caterpillar stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $329.80, for a total value of $1,508,835.00. Following the completion of the transaction, the insider now owns 23,474 shares in the company, valued at approximately $7,741,725.20. The disclosure for this sale can be found here. Insiders have sold a total of 45,769 shares of company stock worth $14,509,306 in the last 90 days. Company insiders own 0.33% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on CAT shares. Truist Financial started coverage on Caterpillar in a report on Thursday, March 14th. They set a “buy” rating and a $390.00 price objective for the company. Oppenheimer reiterated a “market perform” rating on shares of Caterpillar in a report on Thursday, April 18th. Citigroup increased their price target on Caterpillar from $255.00 to $340.00 and gave the company a “neutral” rating in a research report on Monday, February 12th. Wells Fargo & Company increased their price target on Caterpillar from $290.00 to $325.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 6th. Finally, Morgan Stanley started coverage on Caterpillar in a research report on Monday, January 8th. They set an “equal weight” rating and a $270.00 price target for the company. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, Caterpillar presently has an average rating of “Hold” and an average price target 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.