Moss Adams Wealth Advisors LLC Boosts Holdings in Caterpillar Inc. (NYSE:CAT)

Moss Adams Wealth Advisors LLC boosted its position in shares of Caterpillar Inc. (NYSE:CAT) by 23.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 1,101 shares of the industrial products company’s stock after purchasing an additional 210 shares during the quarter. Moss Adams Wealth Advisors LLC’s holdings in Caterpillar were worth $326,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Waterway Wealth Management LLC purchased a new position in Caterpillar in the 4th quarter worth approximately $352,000. Farmers Trust Co. lifted its holdings in shares of Caterpillar by 2.7% during the fourth quarter. Farmers Trust Co. now owns 4,490 shares of the industrial products company’s stock valued at $1,328,000 after purchasing an additional 120 shares in the last quarter. Firethorn Wealth Partners LLC boosted its position in shares of Caterpillar by 19.4% during the fourth quarter. Firethorn Wealth Partners LLC now owns 1,825 shares of the industrial products company’s stock valued at $540,000 after buying an additional 296 shares during the last quarter. Axxcess Wealth Management LLC raised its position in Caterpillar by 20.0% in the 4th quarter. Axxcess Wealth Management LLC now owns 21,343 shares of the industrial products company’s stock worth $6,310,000 after buying an additional 3,558 shares during the last quarter. Finally, Panagora Asset Management Inc. lifted its stake in Caterpillar by 16.7% during the 3rd quarter. Panagora Asset Management Inc. now owns 367,655 shares of the industrial products company’s stock valued at $100,370,000 after acquiring an additional 52,576 shares during the period. 70.98% of the stock is currently owned by institutional investors.

Caterpillar Trading Down 0.1 %

NYSE:CAT traded down $0.51 during midday trading on Wednesday, hitting $344.49. 2,260,344 shares of the company traded hands, compared to its average volume of 2,500,247. The company has a current ratio of 1.35, a quick ratio of 0.83 and a debt-to-equity ratio of 1.41. The firm’s fifty day moving average is $352.87 and its 200-day moving average is $305.22. The firm has a market capitalization of $168.47 billion, a P/E ratio of 15.55, a P/E/G ratio of 1.44 and a beta of 1.19. Caterpillar Inc. has a 12-month low of $205.60 and a 12-month high of $382.01.

Caterpillar (NYSE:CAT) last released its earnings results on Thursday, April 25th. The industrial products company reported $5.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.12 by $0.48. Caterpillar had a net margin of 16.79% and a return on equity of 58.61%. The firm had revenue of $15.80 billion during the quarter, compared to analyst estimates of $16.07 billion. On average, sell-side analysts predict that Caterpillar Inc. will post 21.79 EPS for the current year.

Caterpillar Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 20th. Shareholders of record on Monday, April 22nd will be given a dividend of $1.30 per share. The ex-dividend date is Friday, April 19th. This represents a $5.20 annualized dividend and a dividend yield of 1.51%. Caterpillar’s dividend payout ratio (DPR) is presently 23.48%.

Analysts Set New Price Targets

A number of research firms have weighed in on CAT. Truist Financial started coverage on Caterpillar in a report on Thursday, March 14th. They issued a “buy” rating and a $390.00 target price on the stock. JPMorgan Chase & Co. upped their price target on Caterpillar from $385.00 to $435.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 16th. Robert W. Baird lifted their price objective on shares of Caterpillar from $210.00 to $257.00 and gave the company an “underperform” rating in a research report on Tuesday, February 6th. Citigroup upped their target price on shares of Caterpillar from $255.00 to $340.00 and gave the stock a “neutral” rating in a research report on Monday, February 12th. Finally, The Goldman Sachs Group lifted their price target on shares of Caterpillar from $357.00 to $408.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $323.35.

Insider Activity

In other Caterpillar news, Director David Maclennan acquired 500 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The stock was bought at an average price of $337.39 per share, for a total transaction of $168,695.00. Following the acquisition, the director now directly owns 5,738 shares in the company, valued at $1,935,943.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Anthony D. Fassino sold 4,575 shares of the firm’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 transaction, the insider now directly owns 23,474 shares of the company’s stock, valued at $7,741,725.20. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director David Maclennan bought 500 shares of the firm’s stock in a transaction on Friday, May 3rd. The shares were purchased at an average cost of $337.39 per share, with a total value of $168,695.00. Following the completion of the transaction, the director now owns 5,738 shares in the company, valued at $1,935,943.82. The disclosure for this purchase can be found here. Insiders own 0.33% of the company’s stock.

About Caterpillar

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.