Beaumont Financial Advisors LLC Acquires 237 Shares of Caterpillar Inc. (NYSE:CAT)

Beaumont Financial Advisors LLC increased its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 17.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,618 shares of the industrial products company’s stock after acquiring an additional 237 shares during the period. Beaumont Financial Advisors LLC’s holdings in Caterpillar were worth $478,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of CAT. BCK Partners Inc. bought a new stake in shares of Caterpillar during the 1st quarter worth approximately $2,580,000. Sei Investments Co. increased its holdings in Caterpillar by 17.3% during the 1st quarter. Sei Investments Co. now owns 65,643 shares of the industrial products company’s stock worth $14,634,000 after purchasing an additional 9,695 shares during the period. Dakota Wealth Management purchased a new position in Caterpillar during the 1st quarter worth $405,000. Mather Group LLC. increased its holdings in Caterpillar by 6.8% during the 1st quarter. Mather Group LLC. now owns 2,592 shares of the industrial products company’s stock worth $577,000 after purchasing an additional 165 shares during the period. Finally, NewEdge Advisors LLC increased its holdings in Caterpillar by 4.4% during the 1st quarter. NewEdge Advisors LLC now owns 49,705 shares of the industrial products company’s stock worth $11,075,000 after purchasing an additional 2,076 shares during the period. 70.98% of the stock is owned by institutional investors.

Caterpillar Price Performance

Shares of Caterpillar stock opened at $354.68 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.35 and a debt-to-equity ratio of 1.25. Caterpillar Inc. has a twelve month low of $204.04 and a twelve month high of $382.01. The business has a 50-day moving average price of $346.70 and a 200 day moving average price of $297.78. The firm has a market cap of $177.13 billion, a PE ratio of 17.61, a P/E/G ratio of 1.59 and a beta of 1.17.

Caterpillar (NYSE:CAT) last announced its quarterly earnings results on Monday, February 5th. The industrial products company reported $5.23 earnings per share for the quarter, beating the consensus estimate of $4.76 by $0.47. Caterpillar had a return on equity of 56.99% and a net margin of 15.41%. The firm had revenue of $17.07 billion during the quarter, compared to analyst estimates of $17.06 billion. During the same quarter in the previous year, the business earned $3.86 EPS. Caterpillar’s revenue for the quarter was up 2.8% compared to the same quarter last year. Sell-side analysts predict that Caterpillar Inc. will post 21.41 earnings per share for the current fiscal year.

Caterpillar Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 20th. Shareholders of record on Monday, April 22nd will be paid a dividend of $1.30 per share. The ex-dividend date is Friday, April 19th. This represents a $5.20 annualized dividend and a yield of 1.47%. Caterpillar’s dividend payout ratio (DPR) is currently 25.82%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on CAT shares. Oppenheimer restated a “market perform” rating on shares of Caterpillar in a report on Thursday. Morgan Stanley began coverage on Caterpillar in a research report on Monday, January 8th. They issued an “equal weight” rating and a $270.00 price objective for the company. Truist Financial began coverage on Caterpillar in a research report on Thursday, March 14th. They issued a “buy” rating and a $390.00 price objective for the company. JPMorgan Chase & Co. raised their price objective on Caterpillar from $385.00 to $435.00 and gave the stock an “overweight” rating in a research report on Tuesday. Finally, StockNews.com cut Caterpillar from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 20th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, Caterpillar currently has an average rating of “Hold” and a consensus price target of $307.56.

Insiders Place Their Bets

In other Caterpillar news, insider Lange Bob De sold 21,194 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $325.52, for a total transaction of $6,899,070.88. Following the completion of the sale, the insider now directly owns 61,092 shares in the company, valued at approximately $19,886,667.84. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Caterpillar news, insider Lange Bob De sold 21,194 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $325.52, for a total transaction of $6,899,070.88. Following the completion of the sale, the insider now directly owns 61,092 shares in the company, valued at approximately $19,886,667.84. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, January 25th. The stock was sold at an average price of $300.04, for a total value of $3,000,400.00. Following the sale, the chief financial officer now owns 67,317 shares of the company’s stock, valued at $20,197,792.68. The disclosure for this sale can be found here. In the last three months, insiders sold 45,769 shares of company stock worth $14,509,306. Corporate insiders own 0.33% of the company’s stock.

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.