HBW Advisory Services LLC Raises Position in Caterpillar Inc. $CAT

HBW Advisory Services LLC lifted its stake in shares of Caterpillar Inc. (NYSE:CAT) by 126.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,008 shares of the industrial products company’s stock after buying an additional 1,121 shares during the quarter. HBW Advisory Services LLC’s holdings in Caterpillar were worth $958,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Kilter Group LLC acquired a new position in shares of Caterpillar during the second quarter worth $27,000. Mid American Wealth Advisory Group Inc. purchased a new stake in Caterpillar during the 2nd quarter worth $28,000. Compass Financial Services Inc lifted its holdings in Caterpillar by 49.2% in the 1st quarter. Compass Financial Services Inc now owns 94 shares of the industrial products company’s stock worth $31,000 after buying an additional 31 shares in the last quarter. Family Legacy Financial Solutions LLC purchased a new position in Caterpillar in the 2nd quarter valued at about $32,000. Finally, RiverPark Advisors LLC purchased a new stake in shares of Caterpillar during the second quarter worth about $32,000. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Caterpillar Stock Down 0.1%

CAT stock opened at $583.09 on Friday. The firm has a market cap of $272.88 billion, a price-to-earnings ratio of 29.93, a PEG ratio of 2.74 and a beta of 1.57. Caterpillar Inc. has a 1-year low of $267.30 and a 1-year high of $627.50. The firm has a fifty day moving average price of $568.28 and a two-hundred day moving average price of $477.54. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.38 and a quick ratio of 0.86.

Caterpillar (NYSE:CAT) last posted its quarterly earnings results on Monday, November 3rd. The industrial products company reported $4.95 EPS for the quarter, beating the consensus estimate of $4.52 by $0.43. Caterpillar had a net margin of 14.34% and a return on equity of 47.16%. The business had revenue of $17.64 billion during the quarter, compared to analyst estimates of $16.72 billion. During the same period in the previous year, the business posted $5.17 EPS. The company’s quarterly revenue was up 9.5% on a year-over-year basis. Research analysts predict that Caterpillar Inc. will post 19.86 EPS for the current year.

Caterpillar Announces Dividend

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 issued 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 dividend payout ratio is 31.01%.

Analysts Set New Price Targets

CAT has been the subject of a number of analyst reports. Truist Financial reissued a “buy” rating and issued a $729.00 price target (up previously from $582.00) on shares of Caterpillar in a report on Thursday, October 30th. Weiss Ratings reiterated a “buy (b)” rating on shares of Caterpillar in a research note on Monday, December 22nd. DA Davidson lifted 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. HSBC raised shares of Caterpillar from a “hold” rating to a “buy” rating and upped their price target for the company from $405.00 to $660.00 in a report on Wednesday, November 5th. Finally, Bank of America raised their price objective on shares of Caterpillar from $594.00 to $650.00 and gave the stock a “buy” rating in a report on Thursday, October 30th. Three research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Caterpillar has a consensus rating of “Moderate Buy” and an average target price of $616.00.

Insider Buying and Selling at Caterpillar

In other Caterpillar news, insider Anthony D. Fassino sold 8,184 shares of the firm’s stock in a transaction on Monday, November 10th. The stock was sold at an average price of $570.18, for a total value of $4,666,353.12. Following the sale, the insider directly owned 41,512 shares in the company, valued at approximately $23,669,312.16. This trade represents a 16.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Jason Kaiser sold 10,707 shares of the business’s stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $563.60, for a total transaction of $6,034,465.20. Following the transaction, the insider directly owned 8,649 shares of the company’s stock, valued at approximately $4,874,576.40. This trade represents a 55.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 61,895 shares of company stock worth $34,007,516. Corporate insiders own 0.33% of the company’s stock.

Caterpillar Company Profile

Caterpillar Inc is a global manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and locomotives. The company’s product portfolio includes earthmoving machines such as excavators, bulldozers, wheel loaders and off‑highway trucks, as well as a range of power generation products including generator sets and power systems for industrial and commercial use. Caterpillar serves customers across heavy construction, mining, energy, transportation and related industries with both equipment and integrated technology solutions.

In addition to manufacturing, Caterpillar provides a broad range of aftermarket parts and support services, including maintenance, repair, remanufacturing and fleet management tools.