Burling Wealth Partners LLC Purchases New Position in Caterpillar Inc. (NYSE:CAT)

Burling Wealth Partners LLC acquired a new position in Caterpillar Inc. (NYSE:CAT - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 970 shares of the industrial products company's stock, valued at approximately $352,000.

Several other institutional investors also recently modified their holdings of the company. Flagship Wealth Advisors LLC bought a new position in shares of Caterpillar during the 4th quarter worth approximately $26,000. Halbert Hargrove Global Advisors LLC acquired a new position in Caterpillar during the fourth quarter worth $27,000. Cyrus J. Lawrence LLC bought a new position in shares of Caterpillar during the fourth quarter valued at $27,000. Noble Wealth Management PBC acquired a new stake in shares of Caterpillar in the 4th quarter valued at $31,000. Finally, Retirement Wealth Solutions LLC bought a new stake in shares of Caterpillar in the 4th quarter worth about $34,000. Institutional investors and hedge funds own 70.98% of the company's stock.

Caterpillar Stock Up 0.2 %

Shares of NYSE:CAT traded up $0.51 during trading on Monday, reaching $306.96. 2,189,607 shares of the stock were exchanged, compared to its average volume of 2,620,106. The stock has a fifty day moving average of $321.41 and a two-hundred day moving average of $360.15. Caterpillar Inc. has a 1-year low of $267.30 and a 1-year high of $418.50. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.42 and a quick ratio of 0.89. The firm has a market cap of $146.71 billion, a price-to-earnings ratio of 13.91, a price-to-earnings-growth ratio of 1.87 and a beta of 1.21.

Caterpillar (NYSE:CAT - Get Free Report) last posted its earnings results on Thursday, January 30th. The industrial products company reported $5.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.97 by $0.17. Caterpillar had a net margin of 16.65% and a return on equity of 58.18%. Research analysts anticipate that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal year.

Caterpillar Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 20th. Stockholders of record on Monday, April 21st will be issued a $1.41 dividend. This represents a $5.64 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date is Monday, April 21st. Caterpillar's payout ratio is currently 25.56%.

Insider Activity

In related news, insider Jason Kaiser sold 2,425 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $354.70, for a total value of $860,147.50. Following the transaction, the insider now owns 6,275 shares of the company's stock, valued at $2,225,742.50. This represents a 27.87 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gerald Johnson acquired 100 shares of the business's stock in a transaction dated Tuesday, February 4th. The stock was purchased at an average price of $365.57 per share, with a total value of $36,557.00. Following the completion of the acquisition, the director now directly owns 3,053 shares in the company, valued at approximately $1,116,085.21. This represents a 3.39 % increase in their position. The disclosure for this purchase can be found here. 0.29% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CAT. Evercore ISI raised their price objective on shares of Caterpillar from $365.00 to $375.00 and gave the stock an "in-line" rating in a report on Wednesday, February 19th. DA Davidson decreased their target price on Caterpillar from $357.00 to $325.00 and set a "neutral" rating on the stock in a report on Monday, April 21st. JPMorgan Chase & Co. cut their price target on Caterpillar from $490.00 to $380.00 and set an "overweight" rating for the company in a report on Monday, April 14th. Bank of America decreased their price objective on shares of Caterpillar from $452.00 to $414.00 and set a "buy" rating on the stock in a report on Friday, January 31st. Finally, StockNews.com downgraded shares of Caterpillar from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, Caterpillar has an average rating of "Hold" and an average price target of $361.75.

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.