Caterpillar Inc. (NYSE:CAT) Shares Bought by Revisor Wealth Management LLC

Revisor Wealth Management LLC grew its stake in Caterpillar Inc. (NYSE:CAT) by 126.9% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,965 shares of the industrial products company’s stock after buying an additional 1,099 shares during the quarter. Revisor Wealth Management LLC’s holdings in Caterpillar were worth $648,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in Caterpillar by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 46,809,540 shares of the industrial products company’s stock worth $16,980,629,000 after purchasing an additional 284,366 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Caterpillar by 2.3% in the 4th 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. Northern Trust Corp lifted its stake in shares of Caterpillar by 11.8% in the 4th quarter. Northern Trust Corp now owns 6,847,330 shares of the industrial products company’s stock valued at $2,483,937,000 after purchasing an additional 724,477 shares during the period. Norges Bank purchased a new stake in Caterpillar during the fourth quarter worth $2,184,364,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Caterpillar by 8.6% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,940,391 shares of the industrial products company’s stock valued at $1,429,416,000 after buying an additional 312,878 shares during the period. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on CAT. JPMorgan Chase & Co. reduced their price objective on shares of Caterpillar from $490.00 to $380.00 and set an “overweight” rating for the company in a research report on Monday, April 14th. UBS Group raised shares of Caterpillar from a “sell” rating to a “neutral” rating and upped their price objective for the company from $272.00 to $357.00 in a report on Friday, May 16th. Truist Financial raised their price target on Caterpillar from $396.00 to $414.00 and gave the stock a “buy” rating in a research report on Monday, June 23rd. Bank of America raised their target price on Caterpillar from $335.00 to $385.00 and gave the company a “buy” rating in a report on Friday, May 30th. Finally, Citigroup restated a “buy” rating and issued a $420.00 price objective (up previously from $370.00) on shares of Caterpillar in a report on Tuesday, June 24th. Six research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $380.83.

Insider Buying and Selling

In other Caterpillar news, Director David Maclennan acquired 375 shares of the stock in a transaction that occurred on Wednesday, May 7th. The stock was acquired at an average price of $320.70 per share, with a total value of $120,262.50. Following the transaction, the director directly owned 6,653 shares in the company, valued at approximately $2,133,617.10. This represents a 5.97% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.33% of the stock is currently owned by corporate insiders.

Caterpillar Stock Up 1.9%

CAT stock opened at $398.18 on Thursday. The company has a market capitalization of $187.56 billion, a P/E ratio of 19.40, a PEG ratio of 2.60 and a beta of 1.38. The firm has a 50 day simple moving average of $348.25 and a 200-day simple moving average of $346.65. The company has a current ratio of 1.32, a quick ratio of 0.77 and a debt-to-equity ratio of 1.43. Caterpillar Inc. has a twelve month low of $267.30 and a twelve month high of $418.50.

Caterpillar (NYSE:CAT) last released its 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). The company had revenue of $14.25 billion during the quarter, compared to the consensus estimate of $14.64 billion. Caterpillar had a return on equity of 53.77% and a net margin of 15.71%. Caterpillar’s revenue for the quarter was down 9.8% on a year-over-year basis. During the same period in the previous year, the firm posted $5.60 EPS. On average, equities research analysts predict that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal year.

Caterpillar Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 20th. Investors of record on Monday, July 21st will be paid a dividend of $1.51 per share. The ex-dividend date is Monday, July 21st. This is a boost from Caterpillar’s previous quarterly dividend of $1.41. This represents a $6.04 annualized dividend and a yield of 1.52%. Caterpillar’s dividend payout ratio (DPR) is 27.49%.

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.