Total Clarity Wealth Management Inc. grew its stake in shares of Caterpillar Inc. (NYSE:CAT) by 3.8% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,704 shares of the industrial products company’s stock after acquiring an additional 100 shares during the period. Total Clarity Wealth Management Inc.’s holdings in Caterpillar were worth $627,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Clarius Group LLC grew its stake in Caterpillar by 12.1% in the fourth quarter. Clarius Group LLC now owns 4,740 shares of the industrial products company’s stock valued at $863,000 after purchasing an additional 512 shares in the last quarter. Patriot Financial Group Insurance Agency LLC lifted its holdings in shares of Caterpillar by 90.7% during the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 1,882 shares of the industrial products company’s stock valued at $343,000 after buying an additional 895 shares during the last quarter. Crescent Capital Consulting LLC bought a new stake in shares of Caterpillar in the 4th quarter valued at approximately $1,429,000. Forte Capital LLC ADV raised its position in Caterpillar by 38.3% during the fourth quarter. Forte Capital LLC ADV now owns 1,998 shares of the industrial products company’s stock valued at $364,000 after acquiring an additional 553 shares in the last quarter. Finally, Appleton Partners Inc. MA acquired a new stake in Caterpillar in the fourth quarter valued at approximately $247,000. Institutional investors and hedge funds own 67.48% of the company’s stock.
In other news, Director David Maclennan purchased 420 shares of Caterpillar stock in a transaction dated Wednesday, May 5th. The shares were bought at an average cost of $237.86 per share, with a total value of $99,901.20. Following the completion of the transaction, the director now directly owns 890 shares in the company, valued at approximately $211,695.40. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Gary Michael Marvel sold 5,056 shares of the company’s stock in a transaction on Monday, March 8th. The shares were sold at an average price of $220.97, for a total transaction of $1,117,224.32. Following the completion of the sale, the chief accounting officer now owns 5,623 shares of the company’s stock, valued at approximately $1,242,514.31. The disclosure for this sale can be found here. Insiders sold 145,062 shares of company stock worth $31,884,447 in the last three months. Insiders own 0.31% of the company’s stock.
Caterpillar (NYSE:CAT) last announced its quarterly earnings data on Thursday, April 29th. The industrial products company reported $2.87 EPS for the quarter, topping the Zacks’ consensus estimate of $1.93 by $0.94. Caterpillar had a return on equity of 25.24% and a net margin of 7.60%. The firm had revenue of $11.89 billion during the quarter, compared to analyst estimates of $11 billion. During the same period last year, the company earned $1.60 earnings per share. The company’s revenue was up 11.8% on a year-over-year basis. Equities research analysts forecast that Caterpillar Inc. will post 5.44 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 20th. Investors of record on Monday, April 26th will be issued a $1.03 dividend. The ex-dividend date of this dividend is Friday, April 23rd. This represents a $4.12 dividend on an annualized basis and a yield of 1.70%. Caterpillar’s dividend payout ratio is presently 37.25%.
A number of research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft raised their price target on shares of Caterpillar from $232.00 to $259.00 and gave the company a “buy” rating in a report on Monday, April 19th. UBS Group raised their price target on Caterpillar from $230.00 to $252.00 and gave the company a “neutral” rating in a research report on Wednesday. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell upped their target price on shares of Caterpillar from $205.00 to $245.00 in a research note on Tuesday, March 16th. Evercore ISI lifted their price objective on Caterpillar from $240.00 to $303.00 in a report on Wednesday. Finally, Credit Suisse Group raised their price target on shares of Caterpillar from $228.00 to $235.00 and gave the stock an “outperform” rating in a research note on Monday, February 1st. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and ten have given a buy rating to the company. Caterpillar presently has a consensus rating of “Hold” and an average price target of $216.35.
Caterpillar Inc manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives worldwide. Its Construction Industries segment offers asphalt pavers, compactors, cold planers, motorgraders, pipelayers, road reclaimers, telehandlers, and utility vehicles; backhoe, compact track, multi-terrain, skid steer, and track-type loaders; forestry and wheel excavators; and site prep and track-type tractors.
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