Caterpillar Inc. (NYSE:CAT) Shares Acquired by Warther Private Wealth LLC

Warther Private Wealth LLC grew its holdings in Caterpillar Inc. (NYSE:CAT) by 23.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,643 shares of the industrial products company’s stock after acquiring an additional 313 shares during the period. Warther Private Wealth LLC’s holdings in Caterpillar were worth $542,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of CAT. Norges Bank acquired a new position in shares of Caterpillar in the fourth quarter worth $2,184,364,000. GAMMA Investing LLC grew its stake in shares of Caterpillar by 43,447.3% in the first quarter. GAMMA Investing LLC now owns 3,730,259 shares of the industrial products company’s stock worth $1,230,239,000 after acquiring an additional 3,721,693 shares in the last quarter. Capital Research Global Investors grew its stake in shares of Caterpillar by 69.3% in the fourth quarter. Capital Research Global Investors now owns 2,924,054 shares of the industrial products company’s stock worth $1,060,730,000 after acquiring an additional 1,196,861 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Caterpillar in the fourth quarter worth $353,231,000. Finally, Proficio Capital Partners LLC grew its stake in shares of Caterpillar by 50,072.7% during the fourth quarter. Proficio Capital Partners LLC now owns 804,770 shares of the industrial products company’s stock worth $291,938,000 after purchasing an additional 803,166 shares in the last quarter. Institutional investors and hedge funds own 70.98% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on CAT shares. JPMorgan Chase & Co. lowered their target price on shares of Caterpillar from $490.00 to $380.00 and set an “overweight” rating for the company in a research note on Monday, April 14th. Evercore ISI lowered their target price on shares of Caterpillar from $375.00 to $373.00 and set an “in-line” rating for the company in a research note on Monday, May 19th. Bank of America boosted their target price on shares of Caterpillar from $335.00 to $385.00 and gave the stock a “buy” rating in a research note on Friday, May 30th. Citigroup boosted their target price on shares of Caterpillar from $320.00 to $370.00 and gave the stock a “buy” rating in a research note on Monday, May 5th. Finally, Robert W. Baird upgraded shares of Caterpillar from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $309.00 to $395.00 in a research note on Tuesday, May 13th. Six analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $372.92.

Insider Activity

In other Caterpillar news, Director David Maclennan purchased 375 shares of the stock in a transaction dated Wednesday, May 7th. The shares were acquired at an average cost of $320.70 per share, for a total transaction of $120,262.50. Following the completion of the transaction, the director now directly owns 6,653 shares of the company’s stock, valued at $2,133,617.10. This trade represents a 5.97% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 0.33% of the company’s stock.

Caterpillar Trading Down 1.2%

Shares of Caterpillar stock opened at $356.79 on Monday. Caterpillar Inc. has a 12-month low of $267.30 and a 12-month high of $418.50. The company has a current ratio of 1.42, a quick ratio of 0.89 and a debt-to-equity ratio of 1.40. The stock has a market cap of $168.06 billion, a PE ratio of 16.17, a price-to-earnings-growth ratio of 1.87 and a beta of 1.37. The company has a 50-day moving average of $327.10 and a two-hundred day moving average of $347.86.

Caterpillar (NYSE:CAT) last issued its earnings results on Wednesday, April 30th. The industrial products company reported $4.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.35 by ($0.10). Caterpillar had a net margin of 16.65% and a return on equity of 58.18%. The company had revenue of $14.25 billion during the quarter, compared to analysts’ expectations of $14.64 billion. During the same period last year, the business posted $5.60 earnings per share. The company’s quarterly revenue was down 9.8% on a year-over-year basis. On average, research analysts anticipate that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

Caterpillar Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 20th. Stockholders of record on Monday, July 21st will be given a $1.51 dividend. The ex-dividend date of this dividend is Monday, July 21st. This is a positive change from Caterpillar’s previous quarterly dividend of $1.41. This represents a $6.04 annualized dividend and a dividend yield of 1.69%. Caterpillar’s dividend payout ratio is currently 29.43%.

About Caterpillar

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.