Redhawk Wealth Advisors Inc. Acquires 978 Shares of Caterpillar Inc. (NYSE:CAT)

Redhawk Wealth Advisors Inc. raised its position in Caterpillar Inc. (NYSE:CAT - Free Report) by 155.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,609 shares of the industrial products company's stock after buying an additional 978 shares during the quarter. Redhawk Wealth Advisors Inc.'s holdings in Caterpillar were worth $584,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in CAT. Capital Performance Advisors LLP bought a new stake in shares of Caterpillar during the 3rd quarter valued at about $36,000. Fairscale Capital LLC bought a new position in shares of Caterpillar in the 2nd quarter worth $36,000. Kimelman & Baird LLC lifted its holdings in shares of Caterpillar by 42.9% during the 3rd quarter. Kimelman & Baird LLC now owns 100 shares of the industrial products company's stock worth $39,000 after acquiring an additional 30 shares during the last quarter. SOA Wealth Advisors LLC. increased its stake in Caterpillar by 47.2% in the third quarter. SOA Wealth Advisors LLC. now owns 156 shares of the industrial products company's stock valued at $61,000 after acquiring an additional 50 shares during the last quarter. Finally, HWG Holdings LP purchased a new position in shares of Caterpillar in the 2nd quarter worth about $54,000. Hedge funds and other institutional investors own 70.98% of the company's stock.

Caterpillar Stock Up 1.2 %

Caterpillar stock traded up $4.58 during trading hours on Friday, hitting $385.13. The stock had a trading volume of 1,896,883 shares, compared to its average volume of 1,987,282. The stock's 50-day moving average price is $380.24 and its 200-day moving average price is $366.36. Caterpillar Inc. has a 12-month low of $277.66 and a 12-month high of $418.50. The company has a quick ratio of 0.86, a current ratio of 1.40 and a debt-to-equity ratio of 1.33. The stock has a market capitalization of $185.94 billion, a P/E ratio of 17.86, a price-to-earnings-growth ratio of 1.72 and a beta of 1.13.

Caterpillar (NYSE:CAT - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $5.17 EPS for the quarter, missing the consensus estimate of $5.33 by ($0.16). The business had revenue of $16.11 billion during the quarter, compared to the consensus estimate of $16.37 billion. Caterpillar had a return on equity of 59.09% and a net margin of 16.26%. Caterpillar's quarterly revenue was down 4.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $5.52 earnings per share. Equities research analysts anticipate that Caterpillar Inc. will post 21.68 EPS for the current fiscal year.

Caterpillar Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Tuesday, January 21st will be given a $1.41 dividend. The ex-dividend date of this dividend is Tuesday, January 21st. This represents a $5.64 annualized dividend and a yield of 1.46%. Caterpillar's payout ratio is 26.15%.

Insider Transactions at Caterpillar

In other news, CAO William E. Schaupp sold 968 shares of the firm's stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $380.98, for a total value of $368,788.64. Following the transaction, the chief accounting officer now owns 1,686 shares of the company's stock, valued at $642,332.28. This trade represents a 36.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gerald Johnson acquired 100 shares of the business's stock in a transaction that occurred on Wednesday, December 4th. The shares were bought at an average price of $398.57 per share, with a total value of $39,857.00. Following the completion of the purchase, the director now owns 2,953 shares in the company, valued at $1,176,977.21. This trade represents a 3.51 % increase in their position. The disclosure for this purchase can be found here. Insiders have sold 33,868 shares of company stock worth $13,480,389 in the last quarter. Company insiders own 0.29% of the company's stock.

Wall Street Analysts Forecast Growth

CAT has been the topic of several research reports. StockNews.com downgraded shares of Caterpillar from a "buy" rating to a "hold" rating in a research note on Friday. JPMorgan Chase & Co. boosted their target price on Caterpillar from $500.00 to $515.00 and gave the company an "overweight" rating in a research note on Monday, December 9th. UBS Group lifted their price target on Caterpillar from $285.00 to $295.00 and gave the stock a "sell" rating in a research note on Monday, November 4th. Citigroup dropped their price objective on Caterpillar from $460.00 to $420.00 and set a "buy" rating for the company in a research note on Tuesday. Finally, Truist Financial decreased their target price on shares of Caterpillar from $471.00 to $455.00 and set a "buy" rating on the stock in a research note on Thursday. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Caterpillar presently has a consensus rating of "Hold" and a consensus target price of $380.60.

Caterpillar 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.