Barlow Wealth Partners Inc. Makes New $247,000 Investment in Caterpillar Inc. (NYSE:CAT)

Barlow Wealth Partners Inc. bought a new stake in Caterpillar Inc. (NYSE:CAT) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 836 shares of the industrial products company’s stock, valued at approximately $247,000.

Several other hedge funds also recently modified their holdings of the stock. WealthShield Partners LLC increased its position in shares of Caterpillar by 16.5% during the third quarter. WealthShield Partners LLC now owns 1,449 shares of the industrial products company’s stock valued at $396,000 after acquiring an additional 205 shares during the last quarter. Brighton Jones LLC raised its stake in shares of Caterpillar by 20.9% during the 3rd quarter. Brighton Jones LLC now owns 4,223 shares of the industrial products company’s stock worth $1,153,000 after purchasing an additional 730 shares during the period. Calamos Wealth Management LLC boosted its holdings in shares of Caterpillar by 56.5% in the 3rd quarter. Calamos Wealth Management LLC now owns 1,651 shares of the industrial products company’s stock worth $451,000 after buying an additional 596 shares during the last quarter. Baystate Wealth Management LLC grew its position in Caterpillar by 19.8% during the third quarter. Baystate Wealth Management LLC now owns 878 shares of the industrial products company’s stock valued at $240,000 after buying an additional 145 shares during the period. Finally, NBT Bank N A NY increased its holdings in Caterpillar by 61.4% during the third quarter. NBT Bank N A NY now owns 34,943 shares of the industrial products company’s stock worth $9,539,000 after buying an additional 13,287 shares during the last quarter. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Caterpillar Price Performance

Shares of NYSE:CAT traded up $2.90 on Tuesday, hitting $345.00. The company’s stock had a trading volume of 1,943,358 shares, compared to its average volume of 2,503,008. The company has a market capitalization of $168.72 billion, a PE ratio of 15.58, a PEG ratio of 1.44 and a beta of 1.19. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.35 and a quick ratio of 0.83. The company has a 50-day simple moving average of $352.57 and a 200 day simple moving average of $304.94. Caterpillar Inc. has a 1 year low of $205.60 and a 1 year high of $382.01.

Caterpillar (NYSE:CAT) last announced its earnings results on Thursday, April 25th. The industrial products company reported $5.60 earnings per share for the quarter, beating analysts’ consensus estimates of $5.12 by $0.48. Caterpillar had a net margin of 16.79% and a return on equity of 58.61%. The business had revenue of $15.80 billion for the quarter, compared to the consensus estimate of $16.07 billion. Sell-side analysts forecast that Caterpillar Inc. will post 21.79 EPS for the current fiscal year.

Caterpillar Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 20th. Stockholders of record on Monday, April 22nd will be issued a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date is Friday, April 19th. Caterpillar’s payout ratio is currently 23.48%.

Insider Activity

In other Caterpillar news, Director David Maclennan purchased 350 shares of the firm’s stock in a transaction on Friday, February 23rd. The shares were purchased at an average cost of $323.37 per share, with a total value of $113,179.50. Following the completion of the purchase, the director now owns 5,238 shares of the company’s stock, valued at approximately $1,693,812.06. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, Director David Maclennan acquired 350 shares of Caterpillar stock in a transaction dated Friday, February 23rd. The shares were purchased at an average cost of $323.37 per share, with a total value of $113,179.50. Following the completion of the purchase, the director now owns 5,238 shares of the company’s stock, valued at $1,693,812.06. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Lange Bob De sold 21,194 shares of Caterpillar stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $325.52, for a total value of $6,899,070.88. Following the completion of the transaction, the insider now owns 61,092 shares in the company, valued at approximately $19,886,667.84. The disclosure for this sale can be found here. Corporate insiders own 0.33% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. StockNews.com downgraded shares of Caterpillar from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 20th. Robert W. Baird raised their target price on Caterpillar from $210.00 to $257.00 and gave the stock an “underperform” rating in a research report on Tuesday, February 6th. Citigroup increased their price target on Caterpillar from $255.00 to $340.00 and gave the stock a “neutral” rating in a research note on Monday, February 12th. Oppenheimer restated a “market perform” rating on shares of Caterpillar in a research note on Thursday, April 18th. Finally, HSBC lifted their target price on shares of Caterpillar from $330.00 to $360.00 and gave the stock a “hold” rating in a research note on Tuesday, April 30th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Caterpillar currently has an average rating of “Hold” and an average target price of $323.35.

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.