Bordeaux Wealth Advisors LLC Acquires 127 Shares of Caterpillar Inc. (NYSE:CAT)

Bordeaux Wealth Advisors LLC increased its stake in shares of Caterpillar Inc. (NYSE:CAT) by 5.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,420 shares of the industrial products company’s stock after acquiring an additional 127 shares during the quarter. Bordeaux Wealth Advisors LLC’s holdings in Caterpillar were worth $716,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Simon Quick Advisors LLC bought a new stake in shares of Caterpillar during the third quarter valued at approximately $253,000. Stratos Wealth Partners LTD. increased its holdings in Caterpillar by 9.0% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 13,745 shares of the industrial products company’s stock valued at $3,753,000 after buying an additional 1,134 shares during the period. Stratos Wealth Advisors LLC raised its stake in shares of Caterpillar by 35.1% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 4,845 shares of the industrial products company’s stock valued at $1,323,000 after buying an additional 1,259 shares in the last quarter. Channel Wealth LLC bought a new position in shares of Caterpillar during the 3rd quarter worth about $210,000. Finally, GW Henssler & Associates Ltd. acquired a new stake in shares of Caterpillar during the 3rd quarter valued at about $243,000. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Caterpillar

In other Caterpillar news, Director David Maclennan bought 350 shares of the company’s stock in a transaction on Friday, February 23rd. The stock was bought at an average price of $323.37 per share, for a total transaction of $113,179.50. Following the transaction, the director now owns 5,238 shares of the company’s stock, valued at approximately $1,693,812.06. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, insider Anthony D. Fassino sold 4,575 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $329.80, for a total transaction of $1,508,835.00. Following the completion of the transaction, the insider now owns 23,474 shares in the company, valued at $7,741,725.20. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director David Maclennan bought 350 shares of the stock in a transaction on Friday, February 23rd. The stock was purchased at an average cost of $323.37 per share, with a total value of $113,179.50. Following the purchase, the director now directly owns 5,238 shares of the company’s stock, valued at approximately $1,693,812.06. The disclosure for this purchase can be found here. Insiders own 0.33% of the company’s stock.

Analyst Upgrades and Downgrades

CAT has been the topic of a number of recent research reports. Morgan Stanley began coverage on Caterpillar in a report on Monday, January 8th. They set an “equal weight” rating and a $270.00 price objective on the stock. Robert W. Baird upped their price target on Caterpillar from $210.00 to $257.00 and gave the company an “underperform” rating in a research report on Tuesday, February 6th. HSBC lifted their price objective on Caterpillar from $330.00 to $360.00 and gave the company a “hold” rating in a report on Tuesday. Wells Fargo & Company upped their target price on shares of Caterpillar from $290.00 to $325.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 6th. Finally, Stifel Nicolaus downgraded shares of Caterpillar from a “buy” rating to a “hold” rating and lifted their price target for the company from $293.00 to $350.00 in a report on Friday, April 26th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $323.35.

Caterpillar Trading Up 0.4 %

CAT traded up $1.42 during mid-day trading on Friday, reaching $336.86. The stock had a trading volume of 1,976,360 shares, compared to its average volume of 2,519,125. The stock has a market capitalization of $164.74 billion, a P/E ratio of 15.21, a P/E/G ratio of 1.42 and a beta of 1.19. Caterpillar Inc. has a 52 week low of $205.60 and a 52 week high of $382.01. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.83 and a current ratio of 1.35. The firm’s fifty day simple moving average is $351.89 and its two-hundred day simple moving average is $303.11.

Caterpillar (NYSE:CAT) last announced its quarterly earnings data on Thursday, April 25th. The industrial products company reported $5.60 EPS for the quarter, topping analysts’ consensus estimates of $5.12 by $0.48. Caterpillar had a return on equity of 58.61% and a net margin of 16.79%. The firm had revenue of $15.80 billion during the quarter, compared to analyst estimates of $16.07 billion. On average, equities analysts predict that Caterpillar Inc. will post 21.67 EPS for the current year.

Caterpillar Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 20th. Investors of record on Monday, April 22nd will be paid a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date of this dividend is Friday, April 19th. Caterpillar’s dividend payout ratio (DPR) is 23.48%.

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.