U.S. Capital Wealth Advisors LLC Has $3.93 Million Stock Position in Caterpillar Inc. (NYSE:CAT)

U.S. Capital Wealth Advisors LLC cut its stake in Caterpillar Inc. (NYSE:CAT) by 4.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,277 shares of the industrial products company’s stock after selling 597 shares during the period. U.S. Capital Wealth Advisors LLC’s holdings in Caterpillar were worth $3,926,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of CAT. Fisher Asset Management LLC raised its holdings in Caterpillar by 2.3% in the 4th quarter. Fisher Asset Management LLC now owns 8,145,840 shares of the industrial products company’s stock valued at $2,408,481,000 after acquiring an additional 179,908 shares in the last quarter. Northern Trust Corp lifted its position in Caterpillar by 1.6% in the third quarter. Northern Trust Corp now owns 6,962,809 shares of the industrial products company’s stock worth $1,900,847,000 after purchasing an additional 111,384 shares during the period. Morgan Stanley boosted its stake in Caterpillar by 0.7% during the third quarter. Morgan Stanley now owns 6,830,849 shares of the industrial products company’s stock worth $1,864,823,000 after buying an additional 47,258 shares in the last quarter. FMR LLC increased its holdings in Caterpillar by 14.9% in the 3rd quarter. FMR LLC now owns 6,038,207 shares of the industrial products company’s stock valued at $1,648,431,000 after buying an additional 781,111 shares during the period. Finally, International Assets Investment Management LLC raised its stake in shares of Caterpillar by 28,603.5% in the 4th quarter. International Assets Investment Management LLC now owns 1,494,018 shares of the industrial products company’s stock valued at $4,417,360,000 after buying an additional 1,488,813 shares in the last quarter. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Caterpillar Stock Up 0.4 %

CAT traded up $1.31 during trading on Friday, hitting $336.75. The company had a trading volume of 1,977,087 shares, compared to its average volume of 2,750,444. The firm’s 50-day moving average price is $351.89 and its 200 day moving average price is $303.11. The company has a market capitalization of $164.69 billion, a PE ratio of 15.21, a PEG ratio of 1.43 and a beta of 1.19. The company has a quick ratio of 0.83, a current ratio of 1.35 and a debt-to-equity ratio of 1.41. Caterpillar Inc. has a one year low of $205.60 and a one year high of $382.01.

Caterpillar (NYSE:CAT) last posted its quarterly earnings data on Thursday, April 25th. The industrial products company reported $5.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.12 by $0.48. Caterpillar had a return on equity of 58.61% and a net margin of 16.79%. The business had revenue of $15.80 billion during the quarter, compared to the consensus estimate of $16.07 billion. As a group, equities analysts expect that Caterpillar Inc. will post 21.79 earnings per share for the current year.

Caterpillar Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 20th. Stockholders of record on Monday, April 22nd will be paid a dividend of $1.30 per share. The ex-dividend date is Friday, April 19th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 1.54%. Caterpillar’s dividend payout ratio is 23.48%.

Analyst Ratings Changes

A number of research firms recently weighed in on CAT. Citigroup upped their target price on shares of Caterpillar from $255.00 to $340.00 and gave the company a “neutral” rating in a research note on Monday, February 12th. Stifel Nicolaus cut Caterpillar from a “buy” rating to a “hold” rating and increased their target price for the stock from $293.00 to $350.00 in a report on Friday, April 26th. Truist Financial assumed coverage on Caterpillar in a research note on Thursday, March 14th. They issued a “buy” rating and a $390.00 price target on the stock. HSBC lifted their price objective on Caterpillar from $330.00 to $360.00 and gave the company a “hold” rating in a report on Tuesday. Finally, Morgan Stanley began coverage on shares of Caterpillar in a report on Monday, January 8th. They issued an “equal weight” rating and a $270.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Caterpillar presently has an average rating of “Hold” and an average target price of $323.35.

Insider Activity

In related news, Director David Maclennan purchased 350 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was purchased at an average cost of $323.37 per share, for a total transaction of $113,179.50. Following the completion of the purchase, the director now directly owns 5,238 shares in the company, valued at $1,693,812.06. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, insider Anthony D. Fassino sold 4,575 shares of the stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $329.80, for a total value of $1,508,835.00. Following the sale, the insider now owns 23,474 shares in the company, valued at approximately $7,741,725.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director David Maclennan acquired 350 shares of Caterpillar stock in a transaction on Friday, February 23rd. The shares were bought at an average cost of $323.37 per share, with a total value of $113,179.50. Following the completion of the transaction, the director now owns 5,238 shares of the company’s stock, valued at $1,693,812.06. The disclosure for this purchase can be found here. 0.33% of the stock is owned by corporate insiders.

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.