Clarion Wealth Managment Partners LLC Invests $496,000 in Caterpillar Inc. $CAT

Clarion Wealth Managment Partners LLC acquired a new stake in shares of Caterpillar Inc. (NYSE:CAT) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 1,278 shares of the industrial products company’s stock, valued at approximately $496,000.

Other large investors have also added to or reduced their stakes in the company. Aire Advisors LLC raised its position in shares of Caterpillar by 0.3% during the 2nd quarter. Aire Advisors LLC now owns 9,042 shares of the industrial products company’s stock valued at $3,510,000 after purchasing an additional 25 shares during the period. Dumont & Blake Investment Advisors LLC raised its holdings in Caterpillar by 0.5% during the second quarter. Dumont & Blake Investment Advisors LLC now owns 4,954 shares of the industrial products company’s stock valued at $1,923,000 after acquiring an additional 25 shares during the period. Redwood Wealth Management Group LLC lifted its position in shares of Caterpillar by 0.9% in the second quarter. Redwood Wealth Management Group LLC now owns 2,669 shares of the industrial products company’s stock valued at $1,036,000 after acquiring an additional 25 shares in the last quarter. Tsfg LLC boosted its stake in shares of Caterpillar by 9.8% in the second quarter. Tsfg LLC now owns 279 shares of the industrial products company’s stock worth $108,000 after acquiring an additional 25 shares during the period. Finally, FSB Premier Wealth Management Inc. grew its position in shares of Caterpillar by 2.1% during the second quarter. FSB Premier Wealth Management Inc. now owns 1,193 shares of the industrial products company’s stock worth $463,000 after purchasing an additional 25 shares in the last quarter. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Caterpillar Stock Performance

Caterpillar stock opened at $597.88 on Friday. The company’s 50-day moving average price is $554.63 and its 200-day moving average price is $461.57. Caterpillar Inc. has a twelve month low of $267.30 and a twelve month high of $627.50. The company has a quick ratio of 0.86, a current ratio of 1.38 and a debt-to-equity ratio of 1.34. The company has a market cap of $279.80 billion, a PE ratio of 30.69, a price-to-earnings-growth ratio of 2.82 and a beta of 1.57.

Caterpillar (NYSE:CAT) last announced its quarterly earnings results on Wednesday, October 29th. The industrial products company reported $4.95 EPS for the quarter, beating analysts’ consensus estimates of $4.52 by $0.43. Caterpillar had a net margin of 14.34% and a return on equity of 47.16%. The firm had revenue of $17.64 billion during the quarter, compared to the consensus estimate of $16.72 billion. During the same quarter last year, the firm earned $5.17 EPS. The firm’s revenue for the quarter was up 9.5% compared to the same quarter last year. On average, equities research analysts forecast that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

Caterpillar Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 19th. Stockholders of record on Tuesday, January 20th will be given a dividend of $1.51 per share. The ex-dividend date of this dividend is Tuesday, January 20th. This represents a $6.04 annualized dividend and a dividend yield of 1.0%. Caterpillar’s payout ratio is currently 31.01%.

Analyst Ratings Changes

A number of research analysts recently commented on CAT shares. Wells Fargo & Company assumed coverage on Caterpillar in a report on Thursday, November 13th. They issued an “overweight” rating and a $675.00 price target on the stock. Citigroup boosted their target price on shares of Caterpillar from $670.00 to $690.00 and gave the stock a “buy” rating in a report on Wednesday. UBS Group raised their target price on shares of Caterpillar from $506.00 to $581.00 and gave the company a “neutral” rating in a research note on Tuesday, November 4th. DA Davidson boosted their price target on shares of Caterpillar from $408.00 to $569.00 and gave the stock a “neutral” rating in a research note on Monday, November 3rd. Finally, Hsbc Global Res upgraded Caterpillar from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 6th. Three research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $612.16.

Insider Buying and Selling

In related news, insider Lange Bob De sold 14,638 shares of the firm’s stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $562.36, for a total value of $8,231,825.68. Following the completion of the sale, the insider directly owned 80,209 shares in the company, valued at $45,106,333.24. This trade represents a 15.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Anthony D. Fassino sold 8,184 shares of the business’s stock in a transaction on Monday, November 10th. The shares were sold at an average price of $570.18, for a total transaction of $4,666,353.12. Following the transaction, the insider owned 41,512 shares in the company, valued at $23,669,312.16. This trade represents a 16.47% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 79,061 shares of company stock valued at $41,949,366 over the last 90 days. 0.33% of the stock is currently owned by insiders.

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.