CWS Financial Advisors LLC Has $430,000 Stock Position in Caterpillar Inc. $CAT

by · The Cerbat Gem

CWS Financial Advisors LLC increased its stake in Caterpillar Inc. (NYSE:CAT – Free Report) by 29.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,304 shares of the industrial products company’s stock after acquiring an additional 300 shares during the quarter. CWS Financial Advisors LLC’s holdings in Caterpillar were worth $430,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CAT. Pacific Point Advisors LLC acquired a new position in shares of Caterpillar in the 4th quarter worth approximately $579,000. Brighton Jones LLC lifted its holdings 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 during the period. First Trust Advisors LP lifted its holdings 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 during the period. Ossiam lifted its stake in shares of Caterpillar by 1,133.7% in the 4th quarter. Ossiam now owns 4,688 shares of the industrial products company’s stock valued at $1,701,000 after purchasing an additional 4,308 shares during the period. Finally, Kayne Anderson Rudnick Investment Management LLC lifted its stake in shares of Caterpillar by 117.6% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 346 shares of the industrial products company’s stock valued at $126,000 after purchasing an additional 187 shares during the period. 70.98% of the stock is owned by institutional investors and hedge funds.

Caterpillar Trading Up 1.2%

CAT opened at $412.74 on Tuesday. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.34 and a quick ratio of 0.81. Caterpillar Inc. has a fifty-two week low of $267.30 and a fifty-two week high of $441.15. The firm has a market capitalization of $193.36 billion, a PE ratio of 20.99, a P/E/G ratio of 2.43 and a beta of 1.40. The company’s 50-day moving average is $400.72 and its 200 day moving average is $356.07.

Caterpillar (NYSE:CAT – Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $4.72 EPS for the quarter, missing the consensus estimate of $4.88 by ($0.16). The company had revenue of $16.57 billion during the quarter, compared to analysts’ expectations of $16.14 billion. Caterpillar had a return on equity of 48.95% and a net margin of 14.95%. The business’s revenue for the quarter was down .7% compared to the same quarter last year. During the same period last year, the company earned $5.99 earnings per share. As a group, research analysts predict that Caterpillar Inc. will post 19.86 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 20th. Stockholders of record on Monday, July 21st will be issued a $1.51 dividend. This is an increase from Caterpillar’s previous quarterly dividend of $1.41. This represents a $6.04 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Monday, July 21st. Caterpillar’s dividend payout ratio is currently 30.72%.

Analyst Ratings Changes

CAT has been the topic of several recent analyst reports. Baird R W raised Caterpillar from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 13th. Citigroup boosted their target price on shares of Caterpillar from $460.00 to $500.00 and gave the company a “buy” rating in a research report on Wednesday, August 6th. UBS Group upgraded shares of Caterpillar from a “sell” rating to a “neutral” rating and boosted their target price for the company from $272.00 to $357.00 in a research report on Friday, May 16th. Melius upgraded shares of Caterpillar from a “hold” rating to a “buy” rating and set a $500.00 target price on the stock in a research report on Wednesday, July 9th. Finally, Truist Financial upped their price objective on shares of Caterpillar from $414.00 to $507.00 and gave the company a “buy” rating in a report on Wednesday, August 6th. Seven research 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 MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $444.00.

View Our Latest Report on CAT

Insider Activity at Caterpillar

In other news, insider Jason Kaiser sold 2,161 shares of the stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $417.70, for a total value of $902,649.70. Following the completion of the sale, the insider owned 8,632 shares in the company, valued at $3,605,586.40. This represents a 20.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.33% of the stock is currently owned by corporate insiders.

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.

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