Capital Financial Group Inc. Co. ADV Acquires New Stake in Caterpillar Inc. $CAT

Capital Financial Group Inc. Co. ADV acquired a new stake in Caterpillar Inc. (NYSE:CAT) during the fourth quarter, HoldingsChannel reports. The fund acquired 981 shares of the industrial products company’s stock, valued at approximately $562,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Juno Financial Group LLC purchased a new stake in shares of Caterpillar during the 4th quarter worth $877,000. ARK Investment Management LLC boosted its position in shares of Caterpillar by 11.7% during the 3rd quarter. ARK Investment Management LLC now owns 31,144 shares of the industrial products company’s stock worth $14,860,000 after purchasing an additional 3,268 shares in the last quarter. Gotham Asset Management LLC boosted its position in shares of Caterpillar by 19.1% during the 3rd quarter. Gotham Asset Management LLC now owns 116,589 shares of the industrial products company’s stock worth $55,630,000 after purchasing an additional 18,676 shares in the last quarter. Ticino Wealth purchased a new stake in shares of Caterpillar during the 4th quarter worth $2,488,000. Finally, SevenBridge Financial Group LLC boosted its position in shares of Caterpillar by 17.6% during the 3rd quarter. SevenBridge Financial Group LLC now owns 12,321 shares of the industrial products company’s stock worth $5,879,000 after purchasing an additional 1,840 shares in the last quarter. 70.98% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Caterpillar

In related news, CFO Andrew R. J. Bonfield sold 15,674 shares of the business’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $918.71, for a total value of $14,399,860.54. Following the completion of the transaction, the chief financial officer owned 52,935 shares of the company’s stock, valued at approximately $48,631,913.85. The trade was a 22.85% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Lange Bob De sold 24,222 shares of the business’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $922.92, for a total transaction of $22,354,968.24. Following the completion of 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 95,773 shares of company stock worth $87,642,635 in the last ninety days. Company insiders own 0.33% of the company’s stock.

Caterpillar Trading Up 2.5%

Shares of CAT stock opened at $933.46 on Tuesday. The firm has a 50-day moving average price of $856.17 and a 200 day moving average price of $730.40. Caterpillar Inc. has a twelve month low of $356.96 and a twelve month high of $946.83. The company has a market capitalization of $429.94 billion, a price-to-earnings ratio of 46.46, a PEG ratio of 1.80 and a beta of 1.59. The company has a current ratio of 1.35, a quick ratio of 0.81 and a debt-to-equity ratio of 1.64.

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

Caterpillar Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 19th. Investors of record on Monday, July 20th will be paid a $1.63 dividend. This represents a $6.52 annualized dividend and a 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%.

Analyst Upgrades and Downgrades

Several brokerages have commented on CAT. Evercore restated an “outperform” rating and set a $1,103.00 target price on shares of Caterpillar in a research report on Monday, May 11th. Barclays boosted their target price on shares of Caterpillar from $700.00 to $800.00 and gave the stock an “equal weight” rating in a research report on Friday, May 1st. Daiwa Securities Group lifted their price target on Caterpillar from $790.00 to $900.00 and gave the stock a “neutral” rating in a research note on Friday, May 1st. UBS Group reaffirmed a “neutral” rating and set a $900.00 price target on shares of Caterpillar in a research note on Tuesday, June 2nd. Finally, Wall Street Zen raised Caterpillar from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $933.27.

Caterpillar Company 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.