Arbor Wealth Advisors LLC Makes New Investment in Caterpillar Inc. (NYSE:CAT)

Arbor Wealth Advisors LLC bought a new position in shares of Caterpillar Inc. (NYSE:CAT) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,337 shares of the industrial products company’s stock, valued at approximately $691,000. Caterpillar makes up 0.7% of Arbor Wealth Advisors LLC’s portfolio, making the stock its 24th largest position.

Several other institutional investors have also recently made changes to their positions in the stock. NewSquare Capital LLC lifted its position in shares of Caterpillar by 52,812.0% during the fourth quarter. NewSquare Capital LLC now owns 13,228 shares of the industrial products company’s stock worth $3,911,000 after acquiring an additional 13,203 shares in the last quarter. Financial Perspectives Inc increased its holdings in shares of Caterpillar by 4.3% in the fourth quarter. Financial Perspectives Inc now owns 1,048 shares of the industrial products company’s stock worth $310,000 after purchasing an additional 43 shares during the period. GAMMA Investing LLC bought a new position in shares of Caterpillar in the fourth quarter worth $1,316,000. Ellenbecker Investment Group bought a new position in shares of Caterpillar in the fourth quarter worth $266,000. Finally, Trust Co of Kansas bought a new position in shares of Caterpillar in the fourth quarter worth $207,000. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Caterpillar Trading Up 1.6 %

Shares of NYSE:CAT traded up $5.78 on Tuesday, reaching $363.39. 1,809,967 shares of the company traded hands, compared to its average volume of 2,428,498. The business’s 50-day simple moving average is $348.44 and its 200 day simple moving average is $299.59. Caterpillar Inc. has a 52 week low of $204.04 and a 52 week high of $382.01. The stock has a market capitalization of $181.48 billion, a P/E ratio of 18.04, a price-to-earnings-growth ratio of 1.57 and a beta of 1.17. 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 firm had revenue of $17.07 billion for the quarter, compared to analysts’ expectations of $17.06 billion. Caterpillar had a return on equity of 56.99% and a net margin of 15.41%. The company’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period last year, the firm earned $3.86 earnings per share. As a group, equities analysts anticipate that Caterpillar Inc. will post 21.41 EPS for the current fiscal year.

Caterpillar Announces Dividend

The company also recently announced 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 of this dividend is Friday, April 19th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 1.43%. Caterpillar’s dividend payout ratio is currently 25.82%.

Insider Transactions at Caterpillar

In other news, insider Anthony D. Fassino sold 4,575 shares of the stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $329.80, for a total transaction of $1,508,835.00. Following the completion of the sale, the insider now directly 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 accessible through the SEC website. In other Caterpillar news, insider Lange Bob De sold 21,194 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $325.52, for a total value of $6,899,070.88. Following the completion of the sale, the insider now directly owns 61,092 shares in the company, valued at $19,886,667.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Anthony D. Fassino sold 4,575 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $329.80, for a total transaction of $1,508,835.00. Following the completion of the sale, the insider now owns 23,474 shares of the company’s stock, valued at $7,741,725.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 45,769 shares of company stock worth $14,509,306. Company insiders own 0.33% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on CAT shares. Robert W. Baird upped their price target on shares of Caterpillar from $210.00 to $257.00 and gave the stock an “underperform” rating in a report on Tuesday, February 6th. Morgan Stanley started coverage on shares of Caterpillar in a report on Monday, January 8th. They issued an “equal weight” rating and a $270.00 price target on the stock. Wells Fargo & Company upped their price target on shares of Caterpillar from $290.00 to $325.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 6th. The Goldman Sachs Group increased their target price on Caterpillar from $357.00 to $408.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Finally, TD Cowen increased their target price on Caterpillar from $300.00 to $338.00 and gave the company an “outperform” rating in a research note on Tuesday, February 6th. One analyst has rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $307.56.

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.