Caterpillar Inc. $CAT Shares Purchased by Rational Advisors Inc.

Rational Advisors Inc. boosted its stake in Caterpillar Inc. (NYSE:CAT) by 67.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,881 shares of the industrial products company’s stock after buying an additional 759 shares during the period. Rational Advisors Inc.’s holdings in Caterpillar were worth $1,078,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Torren Management LLC acquired a new position in shares of Caterpillar during the fourth quarter valued at $27,000. Frazier Financial Advisors LLC increased its holdings in shares of Caterpillar by 220.0% during the fourth quarter. Frazier Financial Advisors LLC now owns 48 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 33 shares during the period. IFS Advisors LLC acquired a new position in shares of Caterpillar during the fourth quarter valued at $31,000. Rialto Wealth Management LLC increased its holdings in shares of Caterpillar by 47.4% during the fourth quarter. Rialto Wealth Management LLC now owns 56 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 18 shares during the period. Finally, Noble Wealth Management PBC increased its holdings in shares of Caterpillar by 140.0% during the fourth quarter. Noble Wealth Management PBC now owns 60 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 35 shares during the period. 70.98% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Denise C. Johnson sold 12,605 shares of the stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $907.91, for a total value of $11,444,205.55. Following the completion of the transaction, the insider owned 49,825 shares in the company, valued at $45,236,615.75. This trade represents a 20.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Anthony D. Fassino sold 16,283 shares of the stock in a transaction on Monday, May 11th. The shares were sold at an average price of $916.80, for a total value of $14,928,254.40. Following the completion of the transaction, the insider owned 46,041 shares of the company’s stock, valued at $42,210,388.80. This trade represents a 26.13% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 98,273 shares of company stock worth $89,439,960 over the last three months. Company insiders own 0.33% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Wall Street Zen raised Caterpillar from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Williams Trading set a $825.00 target price on Caterpillar in a research note on Tuesday, March 10th. Argus raised their target price on Caterpillar from $820.00 to $990.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Citigroup raised their target price on Caterpillar from $905.00 to $1,020.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Finally, HSBC raised their target price on Caterpillar from $850.00 to $1,100.00 in a research note on Tuesday, May 5th. Sixteen investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $933.27.

Caterpillar Trading Up 5.2%

NYSE:CAT opened at $910.03 on Wednesday. The company has a quick ratio of 0.81, a current ratio of 1.35 and a debt-to-equity ratio of 1.64. Caterpillar Inc. has a 1-year low of $344.92 and a 1-year high of $931.35. The firm has a market capitalization of $419.15 billion, a price-to-earnings ratio of 45.30, a price-to-earnings-growth ratio of 1.71 and a beta of 1.59. The stock has a fifty day simple moving average of $814.65 and a 200 day simple moving average of $705.34.

Caterpillar (NYSE:CAT) last released its quarterly earnings results on Thursday, April 30th. The industrial products company reported $5.54 earnings per share for the quarter, beating analysts’ consensus estimates of $4.65 by $0.89. Caterpillar had a return on equity of 48.21% and a net margin of 13.33%.The business had revenue of $17.42 billion during the quarter, compared to analyst estimates of $16.53 billion. During the same quarter last year, the company posted $4.25 EPS. Caterpillar’s revenue for the quarter was up 22.2% on a year-over-year basis. Sell-side analysts forecast that Caterpillar Inc. will post 24.67 earnings per share for the current year.

Caterpillar Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 19th. Investors of record on Monday, April 20th were given a $1.51 dividend. The ex-dividend date was Monday, April 20th. This represents a $6.04 dividend on an annualized basis and a dividend yield of 0.7%. Caterpillar’s dividend payout ratio (DPR) is 30.06%.

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.