Redhawk Wealth Advisors Inc. Boosts Stake in Caterpillar Inc. (NYSE:CAT)

Redhawk Wealth Advisors Inc. boosted its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 155.0% during the 4th quarter, HoldingsChannel reports. The firm owned 1,609 shares of the industrial products company’s stock after purchasing an additional 978 shares during the period. Redhawk Wealth Advisors Inc.’s holdings in Caterpillar were worth $584,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Fairscale Capital LLC acquired a new position in Caterpillar in the 2nd quarter valued at $36,000. Capital Performance Advisors LLP purchased a new stake in Caterpillar during the third quarter worth $36,000. Kimelman & Baird LLC increased its holdings in Caterpillar by 42.9% during the 3rd quarter. Kimelman & Baird LLC now owns 100 shares of the industrial products company’s stock valued at $39,000 after acquiring an additional 30 shares in the last quarter. HWG Holdings LP purchased a new position in Caterpillar during the second quarter worth $54,000. Finally, SOA Wealth Advisors LLC. raised its stake in Caterpillar by 47.2% in the 3rd quarter. SOA Wealth Advisors LLC. now owns 156 shares of the industrial products company’s stock valued at $61,000 after purchasing an additional 50 shares during the last quarter. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on CAT shares. Morgan Stanley lowered Caterpillar from an “equal weight” rating to an “underweight” rating and reduced their price target for the stock from $349.00 to $332.00 in a research note on Monday, October 14th. Bank of America boosted their target price on shares of Caterpillar from $376.00 to $434.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. Evercore ISI upgraded Caterpillar from an “underperform” rating to an “in-line” rating and set a $365.00 price target on the stock in a research note on Monday. StockNews.com downgraded shares of Caterpillar from a “buy” rating to a “hold” rating in a research note on Friday. Finally, Robert W. Baird lifted their target price on Caterpillar from $299.00 to $300.00 and gave the stock an “underperform” rating in a research report on Thursday, October 31st. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $380.60.

Insider Transactions at Caterpillar

In other news, Director Gerald Johnson purchased 100 shares of Caterpillar stock in a transaction that occurred on Wednesday, December 4th. The stock was acquired at an average price of $398.57 per share, for a total transaction of $39,857.00. Following the transaction, the director now owns 2,953 shares in the company, valued at $1,176,977.21. The trade was a 3.51 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Lange Bob De sold 12,657 shares of Caterpillar stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $410.25, for a total transaction of $5,192,534.25. Following the transaction, the insider now owns 71,107 shares in the company, valued at approximately $29,171,646.75. The trade was a 15.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 23,868 shares of company stock valued at $9,679,489 in the last three months. 0.29% of the stock is currently owned by corporate insiders.

Caterpillar Trading Up 1.6 %

Shares of CAT stock opened at $380.85 on Friday. Caterpillar Inc. has a 1 year low of $276.94 and a 1 year high of $418.50. The stock has a fifty day moving average of $380.24 and a two-hundred day moving average of $366.36. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.86 and a current ratio of 1.40. The firm has a market capitalization of $183.87 billion, a PE ratio of 17.66, a price-to-earnings-growth ratio of 1.72 and a beta of 1.13.

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

Caterpillar Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Tuesday, January 21st will be given a dividend of $1.41 per share. The ex-dividend date is Tuesday, January 21st. This represents a $5.64 dividend on an annualized basis and a dividend yield of 1.48%. Caterpillar’s dividend payout ratio (DPR) is presently 26.15%.

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.