Alternative Investment Advisors LLC. Takes $209,000 Position in Caterpillar Inc. (NYSE:CAT)

Alternative Investment Advisors LLC. acquired a new stake in shares of Caterpillar Inc. (NYSE:CAT) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 535 shares of the industrial products company’s stock, valued at approximately $209,000.

Other large investors also recently bought and sold shares of the company. Financial Connections Group Inc. acquired a new stake in Caterpillar in the 2nd quarter worth about $28,000. Fairscale Capital LLC purchased a new position in shares of Caterpillar during the 2nd quarter worth approximately $36,000. Capital Performance Advisors LLP acquired a new stake in shares of Caterpillar during the third quarter worth about $36,000. POM Investment Strategies LLC boosted its position in Caterpillar by 2,160.0% in the 2nd quarter. POM Investment Strategies LLC now owns 113 shares of the industrial products company’s stock valued at $38,000 after buying an additional 108 shares during the period. Finally, Kimelman & Baird LLC grew its position in shares of Caterpillar by 42.9% during the third quarter. Kimelman & Baird LLC now owns 100 shares of the industrial products company’s stock worth $39,000 after buying an additional 30 shares in the last quarter. 70.98% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Lange Bob De sold 12,657 shares of the firm’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $410.25, for a total value of $5,192,534.25. Following the transaction, the insider now directly owns 71,107 shares in the company, valued at $29,171,646.75. This trade represents a 15.11 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Gerald Johnson bought 100 shares of the stock in a transaction on Wednesday, December 4th. The stock was purchased at an average cost of $398.57 per share, for a total transaction of $39,857.00. Following the acquisition, the director now owns 2,953 shares of the company’s stock, valued at $1,176,977.21. This trade represents a 3.51 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders sold 23,868 shares of company stock valued at $9,679,489. Insiders own 0.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Evercore ISI lowered shares of Caterpillar from an “in-line” rating to an “underperform” rating and raised their target price for the stock from $321.00 to $365.00 in a research report on Wednesday, November 13th. JPMorgan Chase & Co. lifted their price objective on Caterpillar from $500.00 to $515.00 and gave the stock an “overweight” rating in a research report on Monday. Jefferies Financial Group upped their price objective on shares of Caterpillar from $455.00 to $475.00 and gave the company a “buy” rating in a research note on Friday, December 6th. StockNews.com raised shares of Caterpillar from a “hold” rating to a “buy” rating in a research note on Tuesday. Finally, Truist Financial raised their target price on shares of Caterpillar from $399.00 to $456.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $374.69.

Caterpillar Stock Down 0.0 %

Shares of NYSE:CAT traded down $0.02 during trading on Friday, reaching $380.76. 420,306 shares of the stock were exchanged, compared to its average volume of 2,546,406. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.40 and a quick ratio of 0.86. The stock has a fifty day moving average of $392.83 and a two-hundred day moving average of $360.00. Caterpillar Inc. has a 1-year low of $270.55 and a 1-year high of $418.50. The firm has a market cap of $183.83 billion, a price-to-earnings ratio of 17.65, a price-to-earnings-growth ratio of 1.92 and a beta of 1.10.

Caterpillar (NYSE:CAT) last issued its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $5.17 EPS for the quarter, missing analysts’ consensus estimates of $5.33 by ($0.16). The firm had revenue of $16.11 billion for the quarter, compared to analysts’ expectations of $16.37 billion. Caterpillar had a net margin of 16.26% and a return on equity of 59.09%. The firm’s quarterly revenue was down 4.2% on a year-over-year basis. During the same period in the prior year, the company earned $5.52 EPS. Research analysts anticipate that Caterpillar Inc. will post 21.68 earnings per share for the current fiscal year.

Caterpillar Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Tuesday, January 21st will be paid a $1.41 dividend. This represents a $5.64 annualized dividend and a yield of 1.48%. The ex-dividend date of this dividend is Tuesday, January 21st. Caterpillar’s dividend payout ratio is presently 26.15%.

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.