Fourth Dimension Wealth LLC Has $91,000 Stake in Caterpillar Inc. (NYSE:CAT)

Fourth Dimension Wealth LLC grew its position in Caterpillar Inc. (NYSE:CAT) by 16.5% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 275 shares of the industrial products company’s stock after purchasing an additional 39 shares during the quarter. Fourth Dimension Wealth LLC’s holdings in Caterpillar were worth $91,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in CAT. Flagship Wealth Advisors LLC bought a new stake in Caterpillar during the 4th quarter worth approximately $26,000. Halbert Hargrove Global Advisors LLC bought a new stake in shares of Caterpillar in the 4th quarter valued at $27,000. Cyrus J. Lawrence LLC bought a new stake in Caterpillar in the fourth quarter valued at $27,000. Noble Wealth Management PBC bought a new stake in Caterpillar in the fourth quarter valued at $31,000. Finally, Investment Management Corp VA ADV bought a new stake in Caterpillar in the fourth quarter valued at $33,000. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Caterpillar news, Director David Maclennan bought 375 shares of the firm’s stock in a transaction that occurred on Wednesday, May 7th. The stock was purchased at an average price of $320.70 per share, for a total transaction of $120,262.50. Following the purchase, the director now directly owns 6,653 shares in the company, valued at $2,133,617.10. This trade represents a 5.97% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.33% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Robert W. Baird upped their price objective on shares of Caterpillar from $395.00 to $422.00 and gave the stock an “outperform” rating in a report on Friday. Oppenheimer upgraded shares of Caterpillar from a “market perform” rating to an “outperform” rating and set a $395.00 price target for the company in a research report on Thursday, May 1st. Bank of America increased their target price on shares of Caterpillar from $335.00 to $385.00 and gave the stock a “buy” rating in a research report on Friday, May 30th. UBS Group upgraded shares of Caterpillar from a “sell” rating to a “neutral” rating and increased their target price for the stock from $272.00 to $357.00 in a research report on Friday, May 16th. Finally, DA Davidson raised their price objective on shares of Caterpillar from $325.00 to $331.00 and gave the company a “neutral” rating in a research report on Monday, May 5th. Six research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $376.67.

Caterpillar Trading Up 1.7%

Caterpillar stock opened at $366.65 on Tuesday. The company has a current ratio of 1.32, a quick ratio of 0.77 and a debt-to-equity ratio of 1.43. The stock has a market cap of $172.71 billion, a PE ratio of 17.87, a P/E/G ratio of 2.40 and a beta of 1.37. The stock has a 50-day moving average price of $335.33 and a 200 day moving average price of $346.24. Caterpillar Inc. has a 52 week low of $267.30 and a 52 week high of $418.50.

Caterpillar (NYSE:CAT) last issued 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). The firm had revenue of $14.25 billion during the quarter, compared to the consensus estimate of $14.64 billion. Caterpillar had a net margin of 15.71% and a return on equity of 53.77%. Caterpillar’s revenue was down 9.8% compared to the same quarter last year. During the same quarter last year, the firm posted $5.60 earnings per share. Equities research analysts predict that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal year.

Caterpillar Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 20th. Investors of record on Monday, July 21st will be given a dividend of $1.51 per share. This represents a $6.04 annualized dividend and a yield of 1.65%. This is a positive change from Caterpillar’s previous quarterly dividend of $1.41. The ex-dividend date of this dividend is Monday, July 21st. Caterpillar’s payout ratio is presently 27.49%.

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.