Caterpillar Inc. (NYSE:CAT) Shares Bought by Beaumont Financial Advisors LLC

Beaumont Financial Advisors LLC grew its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 13.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,979 shares of the industrial products company’s stock after purchasing an additional 242 shares during the period. Beaumont Financial Advisors LLC’s holdings in Caterpillar were worth $718,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of CAT. Smallwood Wealth Investment Management LLC lifted its stake in shares of Caterpillar by 2.6% in the 3rd quarter. Smallwood Wealth Investment Management LLC now owns 1,037 shares of the industrial products company’s stock worth $405,000 after acquiring an additional 26 shares during the period. First Bank & Trust raised its holdings in Caterpillar by 4.0% during the third quarter. First Bank & Trust now owns 709 shares of the industrial products company’s stock worth $277,000 after purchasing an additional 27 shares in the last quarter. Washington Trust Bank boosted its stake in Caterpillar by 1.2% during the 3rd quarter. Washington Trust Bank now owns 2,349 shares of the industrial products company’s stock valued at $919,000 after purchasing an additional 27 shares in the last quarter. Channel Wealth LLC increased its position in shares of Caterpillar by 1.9% during the 4th quarter. Channel Wealth LLC now owns 1,468 shares of the industrial products company’s stock valued at $533,000 after purchasing an additional 27 shares during the period. Finally, Pacifica Partners Inc. raised its stake in shares of Caterpillar by 1.6% in the 3rd quarter. Pacifica Partners Inc. now owns 1,807 shares of the industrial products company’s stock worth $707,000 after buying an additional 28 shares in the last quarter. 70.98% of the stock is currently owned by institutional investors.

Caterpillar Trading Down 0.2 %

Shares of CAT stock opened at $397.68 on Thursday. The business’s 50 day moving average is $379.99 and its two-hundred day moving average is $368.17. The company has a quick ratio of 0.86, a current ratio of 1.40 and a debt-to-equity ratio of 1.33. Caterpillar Inc. has a 12 month low of $287.52 and a 12 month high of $418.50. The company has a market cap of $192.00 billion, a PE ratio of 18.44, a price-to-earnings-growth ratio of 1.91 and a beta of 1.13.

Caterpillar (NYSE:CAT) last posted its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $5.17 EPS for the quarter, missing analysts’ consensus estimates of $5.33 by ($0.16). Caterpillar had a return on equity of 59.09% and a net margin of 16.26%. The business had revenue of $16.11 billion during the quarter, compared to the consensus estimate of $16.37 billion. During the same quarter in the previous year, the firm posted $5.52 earnings per share. The company’s revenue for the quarter was down 4.2% on a year-over-year basis. Equities analysts predict that Caterpillar Inc. will post 21.69 EPS for the current year.

Caterpillar Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Tuesday, January 21st will be issued a $1.41 dividend. This represents a $5.64 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date of this dividend is Tuesday, January 21st. Caterpillar’s dividend payout ratio (DPR) is presently 26.15%.

Analyst Ratings Changes

Several research analysts recently weighed in on CAT shares. Bank of America raised their target price on Caterpillar from $376.00 to $434.00 and gave the company a “buy” rating in a research note on Monday, September 30th. Robert W. Baird lifted their price objective on shares of Caterpillar from $299.00 to $300.00 and gave the stock an “underperform” rating in a research note on Thursday, October 31st. Jefferies Financial Group increased their target price on shares of Caterpillar from $455.00 to $475.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Truist Financial decreased their price target on shares of Caterpillar from $471.00 to $455.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. Finally, Citigroup reduced 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, January 14th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $380.60.

Insiders Place Their Bets

In other Caterpillar news, CAO William E. Schaupp sold 968 shares of the business’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $380.98, for a total value of $368,788.64. Following the sale, the chief accounting officer now owns 1,686 shares of the company’s stock, valued at $642,332.28. The trade was a 36.47 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Cheryl H. Johnson sold 2,664 shares of the stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $378.84, for a total transaction of $1,009,229.76. Following the completion of the transaction, the insider now directly owns 12,951 shares of the company’s stock, valued at $4,906,356.84. This trade represents a 17.06 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 33,868 shares of company stock worth $13,480,389 in the last ninety days. Insiders own 0.29% of the company’s stock.

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.