AA Financial Advisors LLC Has $1.14 Million Position in Caterpillar Inc. (NYSE:CAT)

AA Financial Advisors LLC decreased its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 7.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,462 shares of the industrial products company’s stock after selling 278 shares during the quarter. AA Financial Advisors LLC’s holdings in Caterpillar were worth $1,142,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. Flagship Wealth Advisors LLC acquired a new stake in shares of Caterpillar during the fourth quarter worth approximately $26,000. Halbert Hargrove Global Advisors LLC purchased a new stake in Caterpillar in the 4th quarter worth approximately $27,000. Cyrus J. Lawrence LLC acquired a new stake in shares of Caterpillar during the 4th quarter valued at $27,000. Noble Wealth Management PBC acquired a new position in shares of Caterpillar in the fourth quarter worth $31,000. Finally, Investment Management Corp VA ADV purchased a new stake in shares of Caterpillar during the fourth quarter worth $33,000. 70.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CAT has been the topic of several research reports. JPMorgan Chase & Co. dropped their target price on Caterpillar from $490.00 to $380.00 and set an “overweight” rating on the stock in a research report on Monday, April 14th. Citigroup raised their price objective on shares of Caterpillar from $320.00 to $370.00 and gave the company a “buy” rating in a research report on Monday, May 5th. Wall Street Zen downgraded shares of Caterpillar from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Evercore ISI cut their price target on shares of Caterpillar from $375.00 to $373.00 and set an “in-line” rating on the stock in a report on Monday, May 19th. Finally, Oppenheimer upgraded shares of Caterpillar from a “market perform” rating to an “outperform” rating and set a $395.00 price objective for the company in a report on Thursday, May 1st. Six investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $372.92.

Caterpillar Stock Up 1.4%

Shares of CAT stock opened at $362.21 on Tuesday. Caterpillar Inc. has a 12 month low of $267.30 and a 12 month high of $418.50. The company has a quick ratio of 0.89, a current ratio of 1.42 and a debt-to-equity ratio of 1.40. The firm has a market cap of $170.62 billion, a PE ratio of 16.41, a price-to-earnings-growth ratio of 1.87 and a beta of 1.37. The stock has a 50 day moving average of $328.90 and a 200-day moving average of $347.55.

Caterpillar (NYSE:CAT) last released its earnings results 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 for 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%. Caterpillar’s revenue for the quarter was down 9.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $5.60 earnings per share. On average, equities analysts predict that Caterpillar Inc. will post 19.86 EPS for the current year.

Caterpillar Increases Dividend

The company also recently declared 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. This represents a $6.04 annualized dividend and a yield of 1.67%. This is a positive change from Caterpillar’s previous quarterly dividend of $1.41. The ex-dividend date of this dividend is Monday, July 21st. Caterpillar’s payout ratio is currently 29.43%.

Insider Buying and Selling at Caterpillar

In other news, Director David Maclennan bought 375 shares of the business’s stock in a transaction that occurred on Wednesday, May 7th. The stock was acquired at an average cost of $320.70 per share, for a total transaction of $120,262.50. Following the completion of the purchase, the director now owns 6,653 shares of the company’s stock, valued at $2,133,617.10. This trade represents a 5.97% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.33% of the company’s stock.

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.