Everpar Advisors LLC Buys 181 Shares of Caterpillar Inc. (NYSE:CAT)

Everpar Advisors LLC raised its stake in Caterpillar Inc. (NYSE:CAT) by 12.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 1,680 shares of the industrial products company’s stock after acquiring an additional 181 shares during the period. Everpar Advisors LLC’s holdings in Caterpillar were worth $609,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Fairscale Capital LLC acquired a new stake in shares of Caterpillar during the 2nd quarter worth approximately $36,000. Capital Performance Advisors LLP acquired a new stake in Caterpillar during the third quarter worth $36,000. Kimelman & Baird LLC increased its holdings in Caterpillar by 42.9% in the 3rd quarter. Kimelman & Baird LLC now owns 100 shares of the industrial products company’s stock valued at $39,000 after buying an additional 30 shares during the period. HWG Holdings LP bought a new position in shares of Caterpillar during the 2nd quarter worth about $54,000. Finally, SOA Wealth Advisors LLC. boosted its position in shares of Caterpillar by 47.2% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 156 shares of the industrial products company’s stock valued at $61,000 after acquiring an additional 50 shares in the last quarter. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have commented on CAT shares. Jefferies Financial Group raised their price target on shares of Caterpillar from $455.00 to $475.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Truist Financial cut their target price on Caterpillar from $471.00 to $455.00 and set a “buy” rating for the company in a research report on Thursday. Bank of America increased their price objective on Caterpillar from $376.00 to $434.00 and gave the stock a “buy” rating in a research note on Monday, September 30th. UBS Group boosted their target price on shares of Caterpillar from $285.00 to $295.00 and gave the company a “sell” rating in a research note on Monday, November 4th. Finally, Morgan Stanley lowered shares of Caterpillar from an “equal weight” rating to an “underweight” rating and lowered their target price for the stock from $349.00 to $332.00 in a report on Monday, October 14th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, Caterpillar has an average rating of “Hold” and a consensus price target of $380.60.

Insider Activity at Caterpillar

In related news, Director Gerald Johnson bought 100 shares of the company’s stock in a transaction on Wednesday, December 4th. The shares were purchased at an average cost of $398.57 per share, for a total transaction of $39,857.00. Following the acquisition, the director now owns 2,953 shares of the company’s stock, valued at approximately $1,176,977.21. This represents a 3.51 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Lange Bob De sold 12,657 shares of Caterpillar stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $410.25, for a total transaction of $5,192,534.25. Following the completion of the transaction, the insider now directly owns 71,107 shares in the company, valued at approximately $29,171,646.75. The trade was a 15.11 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 23,868 shares of company stock worth $9,679,489 in the last quarter. Corporate insiders own 0.29% of the company’s stock.

Caterpillar Trading Up 1.6 %

Shares of CAT opened at $380.85 on Friday. 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 $276.94 and a 12-month high of $418.50. The firm has a market capitalization of $183.87 billion, a PE ratio of 17.66, a price-to-earnings-growth ratio of 1.72 and a beta of 1.13. The stock’s fifty day simple moving average is $380.24 and its 200-day simple moving average is $366.36.

Caterpillar (NYSE:CAT) last announced its quarterly earnings results 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 net margin of 16.26% and a return on equity of 59.09%. The company had revenue of $16.11 billion during the quarter, compared to the consensus estimate of $16.37 billion. During the same period last year, the company earned $5.52 earnings per share. The business’s revenue was down 4.2% compared to the same quarter last year. As a group, research analysts predict that Caterpillar Inc. will post 21.68 earnings per share for the current year.

Caterpillar Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Tuesday, January 21st will be issued a $1.41 dividend. This represents a $5.64 annualized dividend and a dividend yield of 1.48%. The ex-dividend date of this dividend is Tuesday, January 21st. Caterpillar’s dividend payout ratio (DPR) is 26.15%.

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.