Avior Wealth Management LLC Has $692,000 Stock Holdings in Caterpillar Inc. (NYSE:CAT)

Avior Wealth Management LLC raised its stake in shares of Caterpillar Inc. (NYSE:CAT) by 25.8% during the fourth quarter, Holdings Channel reports. The firm owned 2,339 shares of the industrial products company’s stock after buying an additional 479 shares during the quarter. Avior Wealth Management LLC’s holdings in Caterpillar were worth $692,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in CAT. Moneta Group Investment Advisors LLC grew its position in Caterpillar by 130,632.5% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 9,784,017 shares of the industrial products company’s stock valued at $2,343,859,000 after purchasing an additional 9,776,533 shares during the last quarter. Norges Bank bought a new stake in shares of Caterpillar during the fourth quarter valued at approximately $1,175,255,000. Ontario Teachers Pension Plan Board purchased a new position in Caterpillar in the 1st quarter worth approximately $433,134,000. Imprint Wealth LLC boosted its stake in Caterpillar by 24,982.9% during the 2nd quarter. Imprint Wealth LLC now owns 1,538,084 shares of the industrial products company’s stock valued at $153,808,000 after purchasing an additional 1,531,952 shares during the last quarter. Finally, International Assets Investment Management LLC raised its stake in shares of Caterpillar by 28,603.5% in the fourth quarter. International Assets Investment Management LLC now owns 1,494,018 shares of the industrial products company’s stock worth $4,417,360,000 after purchasing an additional 1,488,813 shares during the last quarter. 70.98% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CAT. Truist Financial assumed coverage on shares of Caterpillar in a report on Thursday, March 14th. They set a “buy” rating and a $390.00 price objective for the company. Citigroup raised their price target on Caterpillar from $255.00 to $340.00 and gave the stock a “neutral” rating in a research note on Monday, February 12th. JPMorgan Chase & Co. increased their target price on Caterpillar from $385.00 to $435.00 and gave the company an “overweight” rating in a report on Tuesday. StockNews.com downgraded Caterpillar from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 20th. Finally, Morgan Stanley assumed coverage on shares of Caterpillar in a research note on Monday, January 8th. They issued an “equal weight” rating and a $270.00 price objective on the stock. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $307.56.

Caterpillar Stock Performance

NYSE:CAT opened at $358.33 on Thursday. The stock has a 50-day moving average price of $345.24 and a 200 day moving average price of $296.78. The stock has a market capitalization of $178.95 billion, a P/E ratio of 17.79, a P/E/G ratio of 1.60 and a beta of 1.17. Caterpillar Inc. has a 12-month low of $204.04 and a 12-month high of $382.01. The company has a current ratio of 1.35, a quick ratio of 0.87 and a debt-to-equity ratio of 1.25.

Caterpillar (NYSE:CAT) last announced its quarterly earnings data on Monday, February 5th. The industrial products company reported $5.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.76 by $0.47. The business had revenue of $17.07 billion during the quarter, compared to analyst estimates of $17.06 billion. Caterpillar had a net margin of 15.41% and a return on equity of 56.99%. The company’s revenue was up 2.8% on a year-over-year basis. During the same period last year, the firm posted $3.86 EPS. Equities research analysts forecast that Caterpillar Inc. will post 21.33 EPS for the current fiscal year.

Caterpillar Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 20th. Stockholders of record on Monday, April 22nd will be issued 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 1.45%. Caterpillar’s dividend payout ratio (DPR) is 25.82%.

Insider Activity

In related news, insider Anthony D. Fassino sold 4,575 shares of the business’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $329.80, for a total value of $1,508,835.00. Following the sale, the insider now owns 23,474 shares in the company, valued at $7,741,725.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Anthony D. Fassino sold 4,575 shares of Caterpillar stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $329.80, for a total value of $1,508,835.00. Following the completion of the transaction, the insider now owns 23,474 shares in the company, valued at $7,741,725.20. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director David Maclennan acquired 350 shares of the firm’s stock in a transaction on Friday, February 23rd. The shares were bought at an average price of $323.37 per share, for a total transaction of $113,179.50. Following the completion of the transaction, the director now owns 5,238 shares of the company’s stock, valued at $1,693,812.06. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 45,769 shares of company stock worth $14,509,306. 0.33% of the stock is currently owned by insiders.

Caterpillar Company 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.