Capital Advisors Wealth Management LLC Has $460,000 Stake in Caterpillar Inc. (NYSE:CAT)

Capital Advisors Wealth Management LLC increased its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 8.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,267 shares of the industrial products company’s stock after acquiring an additional 103 shares during the quarter. Capital Advisors Wealth Management LLC’s holdings in Caterpillar were worth $460,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Fairscale Capital LLC acquired a new position in shares of Caterpillar in the second quarter valued at $36,000. Capital Performance Advisors LLP bought a new stake in shares of Caterpillar during the 3rd quarter worth about $36,000. Kimelman & Baird LLC grew its stake in Caterpillar by 42.9% in the 3rd quarter. Kimelman & Baird LLC now owns 100 shares of the industrial products company’s stock valued at $39,000 after buying an additional 30 shares during the last quarter. HWG Holdings LP bought a new position in Caterpillar in the 2nd quarter valued at about $54,000. Finally, SOA Wealth Advisors LLC. lifted its position in Caterpillar by 47.2% during the third quarter. SOA Wealth Advisors LLC. now owns 156 shares of the industrial products company’s stock worth $61,000 after acquiring an additional 50 shares during the last quarter. Institutional investors own 70.98% of the company’s stock.

Insider Buying and Selling

In other news, Director Gerald Johnson purchased 100 shares of the business’s stock in a transaction dated Wednesday, December 4th. The shares were purchased at an average cost of $398.57 per share, with a total value of $39,857.00. Following the completion of the purchase, the director now owns 2,953 shares of the company’s stock, valued at $1,176,977.21. This trade represents a 3.51 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, insider Cheryl H. Johnson sold 2,664 shares of the company’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $378.84, for a total value of $1,009,229.76. Following the completion of the transaction, the insider now directly owns 12,951 shares of the company’s stock, valued at $4,906,356.84. This represents a 17.06 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 23,868 shares of company stock worth $9,679,489 in the last three months. 0.29% of the stock is owned by corporate insiders.

Caterpillar Stock Up 1.6 %

NYSE CAT opened at $380.85 on Friday. The business has a fifty day moving average price of $380.24 and a two-hundred day moving average price of $366.36. The stock has a market capitalization of $183.87 billion, a PE ratio of 17.66, a PEG ratio of 1.72 and a beta of 1.13. Caterpillar Inc. has a fifty-two week low of $276.94 and a fifty-two week high of $418.50. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.40 and a quick ratio of 0.86.

Caterpillar (NYSE:CAT) last announced its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $5.17 earnings per share for the quarter, missing the consensus estimate of $5.33 by ($0.16). Caterpillar had a return on equity of 59.09% and a net margin of 16.26%. The business had revenue of $16.11 billion for the quarter, compared to the consensus estimate of $16.37 billion. During the same quarter in the prior year, the company earned $5.52 earnings per share. Caterpillar’s quarterly revenue was down 4.2% compared to the same quarter last year. Equities analysts expect that Caterpillar Inc. will post 21.68 earnings per share for the current fiscal year.

Caterpillar Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Tuesday, January 21st will be issued a dividend of $1.41 per share. This represents a $5.64 annualized dividend and a dividend yield of 1.48%. The ex-dividend date is Tuesday, January 21st. Caterpillar’s dividend payout ratio (DPR) is presently 26.15%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. UBS Group upped their target price on Caterpillar from $285.00 to $295.00 and gave the company a “sell” rating in a research report on Monday, November 4th. StockNews.com lowered Caterpillar from a “buy” rating to a “hold” rating in a report on Friday. Evercore ISI raised Caterpillar from an “underperform” rating to an “in-line” rating and set a $365.00 target price for the company in a report on Monday. Bank of America upped their price target on shares of Caterpillar from $376.00 to $434.00 and gave the company a “buy” rating in a research note on Monday, September 30th. Finally, Jefferies Financial Group lifted their price objective on shares of Caterpillar from $455.00 to $475.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Caterpillar presently has an average rating of “Hold” and an average target price of $380.60.

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.