MBE Wealth Management LLC Has $260,000 Holdings in Caterpillar Inc. (NYSE:CAT)

MBE Wealth Management LLC lifted its stake in shares of Caterpillar Inc. (NYSE:CAT) by 9.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 788 shares of the industrial products company’s stock after buying an additional 71 shares during the period. MBE Wealth Management LLC’s holdings in Caterpillar were worth $260,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in Caterpillar by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 46,809,540 shares of the industrial products company’s stock valued at $16,980,629,000 after purchasing an additional 284,366 shares during the period. Geode Capital Management LLC increased its holdings in Caterpillar by 2.3% in the fourth quarter. Geode Capital Management LLC now owns 10,449,770 shares of the industrial products company’s stock valued at $3,790,841,000 after purchasing an additional 236,315 shares during the period. Fisher Asset Management LLC grew its holdings in Caterpillar by 1.4% during the 4th quarter. Fisher Asset Management LLC now owns 9,081,775 shares of the industrial products company’s stock worth $3,294,505,000 after acquiring an additional 129,143 shares during the period. Northern Trust Corp grew its holdings in Caterpillar by 11.8% during the 4th quarter. Northern Trust Corp now owns 6,847,330 shares of the industrial products company’s stock worth $2,483,937,000 after acquiring an additional 724,477 shares during the period. Finally, Norges Bank acquired a new stake in Caterpillar during the 4th quarter worth about $2,184,364,000. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Caterpillar Price Performance

Shares of NYSE CAT opened at $360.23 on Friday. Caterpillar Inc. has a fifty-two week low of $267.30 and a fifty-two week high of $418.50. The stock has a market cap of $169.68 billion, a price-to-earnings ratio of 17.56, a PEG ratio of 2.40 and a beta of 1.37. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.77 and a current ratio of 1.32. The firm’s 50-day simple moving average is $333.96 and its 200 day simple moving average is $346.78.

Caterpillar (NYSE:CAT) last announced its quarterly earnings results on Wednesday, April 30th. The industrial products company reported $4.25 earnings per share for the quarter, missing the consensus estimate of $4.35 by ($0.10). Caterpillar had a net margin of 15.71% and a return on equity of 53.77%. The business had revenue of $14.25 billion during the quarter, compared to the consensus estimate of $14.64 billion. During the same period in the previous year, the business posted $5.60 EPS. Caterpillar’s revenue was down 9.8% compared to the same quarter last year. As a group, research analysts anticipate that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal year.

Caterpillar Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 20th. Investors of record on Monday, July 21st will be given a $1.51 dividend. This is a boost from Caterpillar’s previous quarterly dividend of $1.41. The ex-dividend date is Monday, July 21st. This represents a $6.04 annualized dividend and a yield of 1.68%. Caterpillar’s dividend payout ratio (DPR) is presently 27.49%.

Analyst Ratings Changes

CAT has been the subject of a number of recent analyst reports. DA Davidson increased their price target on Caterpillar from $325.00 to $331.00 and gave the stock a “neutral” rating in a report on Monday, May 5th. Truist Financial reiterated a “buy” rating and set a $396.00 price target (up from $389.00) on shares of Caterpillar in a report on Thursday, May 1st. JPMorgan Chase & Co. decreased their price target on Caterpillar from $490.00 to $380.00 and set an “overweight” rating for the company in a report on Monday, April 14th. Evercore ISI decreased their price target on Caterpillar from $375.00 to $373.00 and set an “in-line” rating for the company in a report on Monday, May 19th. Finally, Oppenheimer upgraded Caterpillar from a “market perform” rating to an “outperform” rating and set a $395.00 price target for the company in a report on Thursday, May 1st. Six investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $375.17.

Insider Activity at Caterpillar

In other news, Director David Maclennan acquired 375 shares of the firm’s stock in a transaction on Wednesday, May 7th. The stock was purchased at an average price of $320.70 per share, for a total transaction of $120,262.50. Following the purchase, the director now owns 6,653 shares in the company, valued at approximately $2,133,617.10. This represents a 5.97% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.33% of the stock is owned by insiders.

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.