United Advisor Group LLC Buys 228 Shares of Caterpillar Inc. (NYSE:CAT)

United Advisor Group LLC grew its stake in Caterpillar Inc. (NYSE:CAT) by 24.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,177 shares of the industrial products company’s stock after acquiring an additional 228 shares during the quarter. United Advisor Group LLC’s holdings in Caterpillar were worth $427,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of CAT. Flagship Wealth Advisors LLC bought a new stake in Caterpillar during the 4th quarter worth approximately $26,000. Halbert Hargrove Global Advisors LLC bought a new stake in Caterpillar during the 4th quarter worth approximately $27,000. Cyrus J. Lawrence LLC bought a new stake in Caterpillar during the 4th quarter worth approximately $27,000. Noble Wealth Management PBC bought a new stake in Caterpillar during the 4th quarter worth approximately $31,000. Finally, Investment Management Corp VA ADV bought a new stake in Caterpillar during the 4th quarter worth approximately $33,000. 70.98% of the stock is owned by institutional investors.

Insider Activity

In related news, Director David Maclennan acquired 375 shares of the business’s stock in a transaction dated Wednesday, May 7th. The stock was bought at an average price of $320.70 per share, with a total value of $120,262.50. Following the acquisition, the director now owns 6,653 shares in the company, valued at $2,133,617.10. This represents a 5.97% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.33% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Evercore ISI lowered their target price on Caterpillar from $375.00 to $373.00 and set an “in-line” rating for the company in a research note on Monday, May 19th. Bank of America lowered their target price on Caterpillar from $452.00 to $414.00 and set a “buy” rating for the company in a research note on Friday, January 31st. Robert W. Baird raised Caterpillar from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $309.00 to $395.00 in a research note on Tuesday, May 13th. Citigroup raised their price target on shares of Caterpillar from $320.00 to $370.00 and gave the stock a “buy” rating in a research note on Monday, May 5th. Finally, Raymond James raised shares of Caterpillar from a “market perform” rating to an “outperform” rating in a research note on Monday, February 3rd. Six research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $375.33.

Caterpillar Trading Down 0.5%

NYSE CAT opened at $343.63 on Monday. The company has a market cap of $161.86 billion, a PE ratio of 15.57, a PEG ratio of 1.87 and a beta of 1.35. The company has a current ratio of 1.42, a quick ratio of 0.89 and a debt-to-equity ratio of 1.40. Caterpillar Inc. has a 12 month low of $267.30 and a 12 month high of $418.50. The stock has a 50 day moving average of $318.25 and a 200-day moving average of $352.14.

Caterpillar (NYSE:CAT) last released its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $4.25 EPS for the quarter, missing the consensus estimate of $4.35 by ($0.10). The company had revenue of $14.25 billion during the quarter, compared to analyst estimates of $14.64 billion. Caterpillar had a net margin of 16.65% and a return on equity of 58.18%. The company’s quarterly revenue was down 9.8% compared to the same quarter last year. During the same period in the previous year, the company posted $5.60 EPS. On average, equities research analysts anticipate that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

Caterpillar Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 20th. Stockholders of record on Monday, April 21st were issued a $1.41 dividend. This represents a $5.64 annualized dividend and a dividend yield of 1.64%. The ex-dividend date was Monday, April 21st. Caterpillar’s payout ratio is presently 27.49%.

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.