RW Investment Management LLC Buys 41 Shares of Caterpillar Inc. $CAT

by · The Cerbat Gem

RW Investment Management LLC increased its stake in Caterpillar Inc. (NYSE:CAT – Free Report) by 7.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 625 shares of the industrial products company’s stock after purchasing an additional 41 shares during the period. RW Investment Management LLC’s holdings in Caterpillar were worth $206,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Pacific Point Advisors LLC acquired a new stake in Caterpillar in the fourth quarter valued at about $579,000. Brighton Jones LLC boosted its stake in Caterpillar by 51.5% in the fourth quarter. Brighton Jones LLC now owns 7,409 shares of the industrial products company’s stock valued at $2,688,000 after buying an additional 2,519 shares in the last quarter. Gamco Investors INC. ET AL boosted its stake in Caterpillar by 8.9% in the fourth quarter. Gamco Investors INC. ET AL now owns 588 shares of the industrial products company’s stock valued at $213,000 after buying an additional 48 shares in the last quarter. GeoWealth Management LLC boosted its stake in Caterpillar by 6.1% in the fourth quarter. GeoWealth Management LLC now owns 3,323 shares of the industrial products company’s stock valued at $1,205,000 after buying an additional 192 shares in the last quarter. Finally, First Trust Advisors LP boosted its stake in Caterpillar by 5.1% in the fourth quarter. First Trust Advisors LP now owns 292,937 shares of the industrial products company’s stock valued at $106,266,000 after buying an additional 14,233 shares in the last quarter. Institutional investors own 70.98% of the company’s stock.

Insider Activity at Caterpillar

In other news, insider Jason Kaiser sold 2,161 shares of the company’s stock in a transaction on Monday, August 11th. The stock was sold at an average price of $417.70, for a total transaction of $902,649.70. Following the transaction, the insider owned 8,632 shares of the company’s stock, valued at $3,605,586.40. This represents a 20.02% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.33% of the stock is owned by corporate insiders.

Caterpillar Stock Down 2.4%

CAT stock opened at $407.41 on Monday. The stock’s fifty day simple moving average is $399.63 and its two-hundred day simple moving average is $355.78. The company has a current ratio of 1.34, a quick ratio of 0.81 and a debt-to-equity ratio of 1.50. Caterpillar Inc. has a 1-year low of $267.30 and a 1-year high of $441.15. The stock has a market cap of $190.86 billion, a P/E ratio of 20.72, a P/E/G ratio of 2.43 and a beta of 1.40.

Caterpillar (NYSE:CAT – Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $4.72 earnings per share for the quarter, missing the consensus estimate of $4.88 by ($0.16). Caterpillar had a return on equity of 48.95% and a net margin of 14.95%. The business had revenue of $16.57 billion during the quarter, compared to analysts’ expectations of $16.14 billion. During the same period in the prior year, the firm posted $5.99 EPS. The firm’s revenue for the quarter was down .7% on a year-over-year basis. Analysts expect that Caterpillar Inc. will post 19.86 EPS for the current year.

Caterpillar Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 20th. Stockholders of record on Monday, July 21st will be given a dividend of $1.51 per share. The ex-dividend date of this dividend is Monday, July 21st. This represents a $6.04 dividend on an annualized basis and a dividend yield of 1.5%. This is a boost from Caterpillar’s previous quarterly dividend of $1.41. Caterpillar’s payout ratio is currently 30.72%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on CAT shares. Baird R W raised Caterpillar from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 13th. Bank of America lifted their price target on Caterpillar from $460.00 to $495.00 and gave the company a “buy” rating in a research note on Wednesday, August 6th. Barclays lifted their price objective on Caterpillar from $383.00 to $425.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 6th. Melius raised Caterpillar from a “hold” rating to a “buy” rating and set a $500.00 price objective on the stock in a research note on Wednesday, July 9th. Finally, DA Davidson lifted their price objective on Caterpillar from $331.00 to $388.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 22nd. Seven investment analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $444.00.

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Caterpillar Profile

(Free Report)

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.

Further Reading

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