Orion Portfolio Solutions LLC Grows Stock Position in Caterpillar Inc. (NYSE:CAT)

Orion Portfolio Solutions LLC boosted its position in Caterpillar Inc. (NYSE:CAT) by 2.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 22,735 shares of the industrial products company’s stock after purchasing an additional 574 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Caterpillar were worth $6,644,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Waterway Wealth Management LLC purchased a new stake in Caterpillar during the 4th quarter valued at about $352,000. Farmers Trust Co. increased its holdings in shares of Caterpillar by 2.7% in the fourth quarter. Farmers Trust Co. now owns 4,490 shares of the industrial products company’s stock valued at $1,328,000 after purchasing an additional 120 shares during the last quarter. Firethorn Wealth Partners LLC lifted its position in Caterpillar by 19.4% during the fourth quarter. Firethorn Wealth Partners LLC now owns 1,825 shares of the industrial products company’s stock worth $540,000 after buying an additional 296 shares in the last quarter. Axxcess Wealth Management LLC boosted its stake in Caterpillar by 20.0% during the fourth quarter. Axxcess Wealth Management LLC now owns 21,343 shares of the industrial products company’s stock worth $6,310,000 after buying an additional 3,558 shares during the last quarter. Finally, Rise Advisors LLC increased its stake in shares of Caterpillar by 7.8% in the 4th quarter. Rise Advisors LLC now owns 1,074 shares of the industrial products company’s stock worth $318,000 after acquiring an additional 78 shares during the last quarter. Institutional investors and hedge funds own 70.98% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CAT. Robert W. Baird upped their price objective on shares of Caterpillar from $210.00 to $257.00 and gave the company an “underperform” rating in a report on Tuesday, February 6th. The Goldman Sachs Group raised their price target on shares of Caterpillar from $357.00 to $408.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. StockNews.com cut Caterpillar from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 20th. Stifel Nicolaus cut Caterpillar from a “buy” rating to a “hold” rating and raised their target price for the stock from $293.00 to $350.00 in a research note on Friday, April 26th. Finally, HSBC upped their price target on Caterpillar from $330.00 to $360.00 and gave the company a “hold” rating in a research note on Tuesday, April 30th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Caterpillar presently has an average rating of “Hold” and a consensus price target of $323.35.

Insider Transactions at Caterpillar

In other Caterpillar news, insider Lange Bob De sold 21,847 shares of the firm’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $356.90, for a total value of $7,797,194.30. Following the sale, the insider now directly owns 71,115 shares in the company, valued at $25,380,943.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, insider Lange Bob De sold 21,847 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $356.90, for a total transaction of $7,797,194.30. Following the completion of the sale, the insider now owns 71,115 shares in the company, valued at approximately $25,380,943.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Anthony D. Fassino sold 4,575 shares of the stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $329.80, for a total transaction of $1,508,835.00. Following the completion of the transaction, the insider now directly owns 23,474 shares in the company, valued at $7,741,725.20. The disclosure for this sale can be found here. Corporate insiders own 0.33% of the company’s stock.

Caterpillar Stock Down 0.5 %

CAT traded down $1.80 on Friday, hitting $348.90. 2,635,223 shares of the company were exchanged, compared to its average volume of 2,421,341. The firm has a 50-day moving average price of $356.99 and a two-hundred day moving average price of $314.94. The company has a current ratio of 1.35, a quick ratio of 0.83 and a debt-to-equity ratio of 1.41. Caterpillar Inc. has a twelve month low of $205.60 and a twelve month high of $382.01. The company has a market cap of $170.63 billion, a price-to-earnings ratio of 15.75, a price-to-earnings-growth ratio of 1.79 and a beta of 1.19.

Caterpillar (NYSE:CAT) last announced its quarterly earnings data on Thursday, April 25th. The industrial products company reported $5.60 EPS for the quarter, topping analysts’ consensus estimates of $5.12 by $0.48. The business had revenue of $15.80 billion during the quarter, compared to the consensus estimate of $16.07 billion. Caterpillar had a return on equity of 58.61% and a net margin of 16.79%. On average, equities analysts predict that Caterpillar Inc. will post 21.81 earnings per share for the current year.

Caterpillar Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 20th. Stockholders of record on Monday, April 22nd were issued a $1.30 dividend. The ex-dividend date of this dividend was Friday, April 19th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 1.49%. Caterpillar’s payout ratio is 23.48%.

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.