Orion Capital Management LLC Purchases 46 Shares of Caterpillar Inc. (NYSE:CAT)

Orion Capital Management LLC grew its stake in shares of Caterpillar Inc. (NYSE:CAT) by 5.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 920 shares of the industrial products company’s stock after acquiring an additional 46 shares during the quarter. Orion Capital Management LLC’s holdings in Caterpillar were worth $272,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in CAT. Vicus Capital purchased a new stake in shares of Caterpillar during the 3rd quarter valued at about $210,000. Everett Harris & Co. CA boosted its holdings in shares of Caterpillar by 2.4% during the 3rd quarter. Everett Harris & Co. CA now owns 3,533 shares of the industrial products company’s stock valued at $965,000 after acquiring an additional 82 shares during the last quarter. Mission Wealth Management LP boosted its holdings in shares of Caterpillar by 7.4% during the 3rd quarter. Mission Wealth Management LP now owns 4,409 shares of the industrial products company’s stock valued at $1,204,000 after acquiring an additional 304 shares during the last quarter. Wells Trecaso Financial Group LLC boosted its holdings in shares of Caterpillar by 4.7% during the 3rd quarter. Wells Trecaso Financial Group LLC now owns 13,610 shares of the industrial products company’s stock valued at $3,716,000 after acquiring an additional 610 shares during the last quarter. Finally, Verus Financial Partners Inc. boosted its holdings in shares of Caterpillar by 15.1% during the 3rd quarter. Verus Financial Partners Inc. now owns 914 shares of the industrial products company’s stock valued at $245,000 after acquiring an additional 120 shares during the last quarter. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on CAT shares. Wells Fargo & Company raised their price objective on shares of Caterpillar from $290.00 to $325.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 6th. The Goldman Sachs Group raised their price objective on shares of Caterpillar from $357.00 to $408.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. HSBC raised their price objective on shares of Caterpillar from $330.00 to $360.00 and gave the stock a “hold” rating in a report on Tuesday. Truist Financial started coverage on shares of Caterpillar in a report on Thursday, March 14th. They issued a “buy” rating and a $390.00 price objective on the stock. Finally, StockNews.com downgraded shares of Caterpillar from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 20th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $323.35.

Insiders Place Their Bets

In other Caterpillar news, insider Lange Bob De sold 21,194 shares of Caterpillar stock in a transaction on 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 transaction, the insider now directly owns 61,092 shares of the company’s stock, valued at $19,886,667.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Caterpillar news, insider Lange Bob De sold 21,194 shares of Caterpillar stock in a transaction on 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 transaction, the insider now directly owns 61,092 shares of the company’s stock, valued at $19,886,667.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of Caterpillar stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $310.10, for a total transaction of $3,101,000.00. Following the transaction, the chief financial officer now directly owns 57,317 shares of the company’s stock, valued at $17,774,001.70. The disclosure for this sale can be found here. Insiders sold 35,769 shares of company stock valued at $11,508,906 over the last three months. 0.33% of the stock is owned by company insiders.

Caterpillar Price Performance

Shares of Caterpillar stock traded up $1.11 on Wednesday, hitting $335.68. 2,150,011 shares of the company traded hands, compared to its average volume of 2,506,897. The stock has a market capitalization of $167.64 billion, a P/E ratio of 15.10, a price-to-earnings-growth ratio of 1.51 and a beta of 1.17. 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 52 week low of $205.60 and a 52 week high of $382.01. The business has a 50-day simple moving average of $351.08 and a 200 day simple moving average of $302.22.

Caterpillar (NYSE:CAT) last announced its quarterly earnings results on Thursday, April 25th. The industrial products company reported $5.60 earnings per share for the quarter, topping the consensus estimate of $5.12 by $0.48. Caterpillar had a net margin of 16.79% and a return on equity of 58.61%. The company had revenue of $15.80 billion for the quarter, compared to analysts’ expectations of $16.07 billion. Research analysts expect that Caterpillar Inc. will post 21.57 earnings per share for the current fiscal year.

Caterpillar Dividend Announcement

The company 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. This represents a $5.20 annualized dividend and a yield of 1.55%. The ex-dividend date is Friday, April 19th. Caterpillar’s payout ratio is 23.48%.

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.