Capital Financial Group Inc. Co. ADV Invests $562,000 in Caterpillar Inc. $CAT

Capital Financial Group Inc. Co. ADV purchased a new position in shares of Caterpillar Inc. (NYSE:CAT) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 981 shares of the industrial products company’s stock, valued at approximately $562,000.

Several other hedge funds have also made changes to their positions in the business. Torren Management LLC purchased a new stake in shares of Caterpillar during the fourth quarter worth approximately $27,000. Frazier Financial Advisors LLC increased its stake in shares of Caterpillar by 220.0% during the fourth quarter. Frazier Financial Advisors LLC now owns 48 shares of the industrial products company’s stock worth $28,000 after buying an additional 33 shares during the period. IFS Advisors LLC purchased a new stake in shares of Caterpillar during the fourth quarter worth approximately $31,000. Rialto Wealth Management LLC increased its stake in shares of Caterpillar by 47.4% during the fourth quarter. Rialto Wealth Management LLC now owns 56 shares of the industrial products company’s stock worth $32,000 after buying an additional 18 shares during the period. Finally, Cornerstone Financial Management LLC purchased a new stake in shares of Caterpillar during the fourth quarter worth approximately $32,000. Institutional investors and hedge funds own 70.98% of the company’s stock.

Analysts Set New Price Targets

CAT has been the topic of a number of recent research reports. Williams Trading set a $825.00 target price on shares of Caterpillar in a research note on Tuesday, March 10th. HSBC upped their target price on shares of Caterpillar from $850.00 to $1,100.00 in a research note on Tuesday, May 5th. Sanford C. Bernstein upped their target price on shares of Caterpillar from $769.00 to $879.00 and gave the stock a “market perform” rating in a research note on Friday, May 1st. Zacks Research upgraded shares of Caterpillar from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 8th. Finally, Robert W. Baird upped their target price on shares of Caterpillar from $940.00 to $1,165.00 and gave the stock an “outperform” rating in a research note on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, Caterpillar currently has an average rating of “Moderate Buy” and a consensus price target of $933.27.

Insiders Place Their Bets

In other news, insider Lange Bob De sold 24,222 shares of Caterpillar stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $922.92, for a total value of $22,354,968.24. Following the transaction, the insider directly owned 86,029 shares of the company’s stock, valued at $79,397,884.68. The trade was a 21.97% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Andrew R. J. Bonfield sold 15,674 shares of Caterpillar stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $918.71, for a total transaction of $14,399,860.54. Following the completion of the transaction, the chief financial officer directly owned 52,935 shares in the company, valued at $48,631,913.85. The trade was a 22.85% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 95,773 shares of company stock worth $87,642,635. Corporate insiders own 0.33% of the company’s stock.

Caterpillar Stock Up 2.5%

Caterpillar stock opened at $933.46 on Tuesday. Caterpillar Inc. has a fifty-two week low of $356.96 and a fifty-two week high of $946.83. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.81 and a current ratio of 1.35. The company has a market capitalization of $429.94 billion, a P/E ratio of 46.46, a PEG ratio of 1.80 and a beta of 1.59. The stock has a 50-day simple moving average of $856.17 and a 200-day simple moving average of $730.40.

Caterpillar (NYSE:CAT) last announced its earnings results on Thursday, April 30th. The industrial products company reported $5.54 EPS for the quarter, beating analysts’ consensus estimates of $4.65 by $0.89. The business had revenue of $17.42 billion for the quarter, compared to analysts’ expectations of $16.53 billion. Caterpillar had a net margin of 13.33% and a return on equity of 48.21%. The company’s quarterly revenue was up 22.2% on a year-over-year basis. During the same period in the previous year, the company posted $4.25 EPS. Equities research analysts expect that Caterpillar Inc. will post 24.62 earnings per share for the current year.

Caterpillar Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 19th. Stockholders of record on Monday, July 20th will be issued a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Monday, July 20th. This is a positive change from Caterpillar’s previous quarterly dividend of $1.51. Caterpillar’s dividend payout ratio is presently 30.06%.

Caterpillar 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.