Helium Advisors LLC Invests $209,000 in Caterpillar Inc. (NYSE:CAT)

Helium Advisors LLC acquired a new position in shares of Caterpillar Inc. (NYSE:CAT) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 575 shares of the industrial products company’s stock, valued at approximately $209,000.

Several other hedge funds and other institutional investors have also made changes to their positions in CAT. Flagship Wealth Advisors LLC acquired a new position in shares of Caterpillar during the fourth quarter worth approximately $26,000. Halbert Hargrove Global Advisors LLC bought a new stake in Caterpillar during the fourth quarter worth approximately $27,000. Cyrus J. Lawrence LLC bought a new stake in Caterpillar during the fourth quarter worth approximately $27,000. Noble Wealth Management PBC bought a new stake in Caterpillar during the fourth quarter worth approximately $31,000. Finally, Quarry LP bought a new stake in Caterpillar during the fourth quarter worth approximately $35,000. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CAT has been the topic of several recent analyst reports. Bank of America dropped their target price on Caterpillar from $452.00 to $414.00 and set a “buy” rating on the stock in a report on Friday, January 31st. UBS Group raised Caterpillar from a “sell” rating to a “neutral” rating and upped their price target for the company from $272.00 to $357.00 in a report on Friday, May 16th. Oppenheimer raised Caterpillar from a “market perform” rating to an “outperform” rating and set a $395.00 price target on the stock in a report on Thursday, May 1st. DA Davidson upped their price target on Caterpillar from $325.00 to $331.00 and gave the company a “neutral” rating in a report on Monday, May 5th. Finally, JPMorgan Chase & Co. dropped their price target on Caterpillar from $490.00 to $380.00 and set an “overweight” rating on the stock in a report on Monday, April 14th. Six equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $375.33.

Insider Buying and Selling

In other Caterpillar news, Director David Maclennan acquired 375 shares of the firm’s stock in a transaction that occurred on Wednesday, May 7th. The stock was purchased at an average cost of $320.70 per share, for a total transaction of $120,262.50. Following the completion of the acquisition, the director now owns 6,653 shares of the company’s stock, valued at approximately $2,133,617.10. This trade represents a 5.97% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.33% of the stock is currently owned by corporate insiders.

Caterpillar Trading Up 0.7%

NYSE CAT opened at $345.03 on Friday. Caterpillar Inc. has a 1-year low of $267.30 and a 1-year 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 company has a market capitalization of $162.52 billion, a PE ratio of 15.63, a price-to-earnings-growth ratio of 1.87 and a beta of 1.35. The firm’s fifty day simple moving average is $318.11 and its 200-day simple moving average is $353.24.

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

Caterpillar Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 20th. Investors of record on Monday, April 21st were issued a $1.41 dividend. This represents a $5.64 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date of this dividend was Monday, April 21st. Caterpillar’s dividend payout ratio is presently 27.49%.

Caterpillar 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.