Oxinas Partners Wealth Management LLC Has $203,000 Stock Holdings in Caterpillar Inc. (NYSE:CAT)

Oxinas Partners Wealth Management LLC trimmed its position in Caterpillar Inc. (NYSE:CAT) by 27.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 554 shares of the industrial products company’s stock after selling 207 shares during the quarter. Oxinas Partners Wealth Management LLC’s holdings in Caterpillar were worth $203,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of CAT. Thompson Investment Management Inc. bought a new position in shares of Caterpillar in the first quarter worth about $27,000. Partnership Wealth Management LLC bought a new position in Caterpillar in the 4th quarter worth approximately $26,000. Richardson Financial Services Inc. acquired a new position in shares of Caterpillar during the fourth quarter worth approximately $27,000. Vima LLC bought a new stake in shares of Caterpillar in the fourth quarter valued at approximately $30,000. Finally, Gilfoyle & Co LLC acquired a new stake in shares of Caterpillar in the fourth quarter worth $30,000. 70.98% of the stock is owned by institutional investors.

Caterpillar Price Performance

Shares of CAT traded down $1.34 on Tuesday, hitting $327.74. The company’s stock had a trading volume of 2,119,834 shares, compared to its average volume of 2,717,345. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.35 and a quick ratio of 0.83. The company has a market capitalization of $160.28 billion, a PE ratio of 14.80, a PEG ratio of 1.71 and a beta of 1.12. The company has a 50 day moving average price of $339.03 and a 200 day moving average price of $330.08. Caterpillar Inc. has a fifty-two week low of $223.76 and a fifty-two week high of $382.01.

Caterpillar (NYSE:CAT) last issued its quarterly earnings data on Thursday, April 25th. The industrial products company reported $5.60 EPS for the quarter, topping analysts’ consensus estimates of $5.12 by $0.48. Caterpillar had a net margin of 16.79% and a return on equity of 58.61%. The firm had revenue of $15.80 billion for the quarter, compared to analyst estimates of $16.07 billion. On average, research analysts anticipate that Caterpillar Inc. will post 21.84 earnings per share for the current fiscal year.

Caterpillar declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, June 12th that permits the company to repurchase $20.00 billion in shares. This repurchase authorization permits the industrial products company to buy up to 12.7% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its shares are undervalued.

Caterpillar Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 20th. Investors of record on Monday, July 22nd will be given a $1.41 dividend. This represents a $5.64 annualized dividend and a yield of 1.72%. The ex-dividend date is Monday, July 22nd. This is a boost from Caterpillar’s previous quarterly dividend of $1.30. Caterpillar’s payout ratio is 23.48%.

Insiders Place Their Bets

In other Caterpillar news, insider Lange Bob De sold 21,847 shares of the business’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $356.90, for a total transaction of $7,797,194.30. Following the completion of the sale, the insider now directly owns 71,115 shares of the company’s stock, valued at approximately $25,380,943.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Caterpillar news, insider Lange Bob De sold 21,847 shares of the company’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $356.90, for a total transaction of $7,797,194.30. Following the completion of the sale, the insider now owns 71,115 shares in the company, valued at approximately $25,380,943.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David Maclennan purchased 500 shares of Caterpillar stock in a transaction dated Friday, May 3rd. The stock was bought at an average price of $337.39 per share, for a total transaction of $168,695.00. Following the completion of the transaction, the director now directly owns 5,738 shares in the company, valued at $1,935,943.82. The disclosure for this purchase can be found here. Company insiders own 0.33% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Oppenheimer reissued a “market perform” rating on shares of Caterpillar in a report on Thursday, April 18th. Citigroup initiated coverage on Caterpillar in a research note on Wednesday, June 26th. They set a “buy” rating and a $380.00 price target on the stock. The Goldman Sachs Group raised their price objective on Caterpillar from $357.00 to $408.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Truist Financial began coverage on Caterpillar in a research note on Thursday, March 14th. They issued a “buy” rating and a $390.00 target price for the company. Finally, Raymond James began coverage on shares of Caterpillar in a research note on Friday. They set a “market perform” rating on the stock. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $329.63.

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.