Werba Rubin Papier Wealth Management Lowers Position in Caterpillar Inc. (NYSE:CAT)

Werba Rubin Papier Wealth Management lessened its holdings in Caterpillar Inc. (NYSE:CAT) by 9.4% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 610 shares of the industrial products company’s stock after selling 63 shares during the period. Werba Rubin Papier Wealth Management’s holdings in Caterpillar were worth $201,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in CAT. Victrix Investment Advisors purchased a new position in Caterpillar in the fourth quarter worth $2,090,000. Pacific Point Advisors LLC purchased a new stake in Caterpillar during the fourth quarter valued at about $579,000. Wealth Enhancement Advisory Services LLC raised its position in Caterpillar by 18.6% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 191,640 shares of the industrial products company’s stock valued at $63,202,000 after purchasing an additional 30,070 shares in the last quarter. Crestwood Advisors Group LLC raised its position in Caterpillar by 3.4% during the first quarter. Crestwood Advisors Group LLC now owns 22,689 shares of the industrial products company’s stock valued at $7,483,000 after purchasing an additional 743 shares in the last quarter. Finally, Liberty Square Wealth Partners LLC raised its position in Caterpillar by 5.8% during the first quarter. Liberty Square Wealth Partners LLC now owns 1,636 shares of the industrial products company’s stock valued at $540,000 after purchasing an additional 90 shares in the last quarter. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Insider Transactions at Caterpillar

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

Analyst Ratings Changes

CAT has been the topic of a number of research reports. JPMorgan Chase & Co. raised their price target on Caterpillar from $395.00 to $475.00 and gave the company an “overweight” rating in a research report on Thursday, July 10th. Robert W. Baird raised their price target on Caterpillar from $395.00 to $422.00 and gave the company an “outperform” rating in a research report on Friday, June 20th. Citigroup restated a “buy” rating and set a $420.00 price target (up previously from $370.00) on shares of Caterpillar in a research report on Tuesday, June 24th. Baird R W upgraded Caterpillar from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 13th. Finally, Truist Financial raised their price target on Caterpillar from $396.00 to $414.00 and gave the company a “buy” rating in a research report on Monday, June 23rd. Seven equities research analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Caterpillar has an average rating of “Moderate Buy” and an average target price of $419.33.

Caterpillar Stock Down 0.1%

CAT opened at $433.16 on Tuesday. Caterpillar Inc. has a 12 month low of $267.30 and a 12 month high of $436.40. The company has a market cap of $204.04 billion, a P/E ratio of 21.11, a P/E/G ratio of 2.71 and a beta of 1.38. The company has a current ratio of 1.32, a quick ratio of 0.77 and a debt-to-equity ratio of 1.43. The business’s 50-day moving average price is $378.63 and its 200-day moving average price is $352.33.

Caterpillar (NYSE:CAT) last announced its quarterly earnings results on Wednesday, April 30th. The industrial products company reported $4.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $14.64 billion. During the same quarter in the prior year, the firm earned $5.60 EPS. The firm’s revenue for the quarter was down 9.8% on a year-over-year basis. On average, equities analysts expect that Caterpillar Inc. will post 19.86 EPS for the current 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 issued a dividend of $1.51 per share. This represents a $6.04 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date of this dividend is Monday, July 21st. This is an increase from Caterpillar’s previous quarterly dividend of $1.41. Caterpillar’s payout ratio is currently 29.43%.

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.