Regent Peak Wealth Advisors LLC Acquires 55 Shares of Caterpillar Inc. (NYSE:CAT)


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Regent Peak Wealth Advisors LLC increased its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 3.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,466 shares of the industrial products company’s stock after buying an additional 55 shares during the period. Regent Peak Wealth Advisors LLC’s holdings in Caterpillar were worth $339,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in CAT. Price T Rowe Associates Inc. MD raised its stake in Caterpillar by 109.1% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 13,041,360 shares of the industrial products company’s stock valued at $2,373,788,000 after purchasing an additional 6,803,900 shares in the last quarter. Norges Bank purchased a new position in shares of Caterpillar in the 4th quarter worth $878,514,000. FMR LLC boosted its stake in shares of Caterpillar by 42.3% in the 4th quarter. FMR LLC now owns 6,019,787 shares of the industrial products company’s stock worth $1,095,721,000 after buying an additional 1,788,783 shares during the last quarter. Amundi Pioneer Asset Management Inc. raised its holdings in Caterpillar by 23.9% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 3,444,897 shares of the industrial products company’s stock worth $627,039,000 after purchasing an additional 665,237 shares during the period. Finally, Morgan Stanley raised its holdings in Caterpillar by 11.9% in the 4th quarter. Morgan Stanley now owns 4,867,473 shares of the industrial products company’s stock worth $885,977,000 after purchasing an additional 519,151 shares during the period. Institutional investors own 67.48% of the company’s stock.

A number of research firms have commented on CAT. Credit Suisse Group increased their price objective on shares of Caterpillar from $228.00 to $235.00 and gave the company an “outperform” rating in a report on Monday, February 1st. BMO Capital Markets increased their price objective on shares of Caterpillar from $190.00 to $230.00 and gave the company a “market perform” rating in a research note on Friday. JPMorgan Chase & Co. boosted their target price on Caterpillar from $205.00 to $237.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 3rd. Wolfe Research started coverage on Caterpillar in a research report on Monday, April 19th. They set an “outperform” rating and a $265.00 price objective for the company. Finally, Stifel Nicolaus boosted their price objective on Caterpillar from $222.00 to $245.00 and gave the company a “buy” rating in a research note on Monday. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and ten have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $205.37.

In other Caterpillar news, insider Denise C. Johnson sold 80,695 shares of the business’s stock in a transaction dated Monday, March 8th. The shares were sold at an average price of $219.82, for a total value of $17,738,374.90. Following the completion of the transaction, the insider now directly owns 38,945 shares of the company’s stock, valued at $8,560,889.90. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, General Counsel Suzette M. Long sold 59,311 shares of the business’s stock in a transaction that occurred on Monday, March 8th. The stock was sold at an average price of $219.67, for a total transaction of $13,028,847.37. Following the sale, the general counsel now directly owns 33,320 shares of the company’s stock, valued at $7,319,404.40. The disclosure for this sale can be found here. Insiders have sold a total of 145,062 shares of company stock worth $31,884,447 in the last 90 days. 0.31% of the stock is owned by insiders.

Shares of Caterpillar stock traded up $0.50 during trading on Tuesday, hitting $228.67. 75,316 shares of the company were exchanged, compared to its average volume of 3,226,169. The stock has a market capitalization of $124.69 billion, a price-to-earnings ratio of 37.97, a P/E/G ratio of 2.14 and a beta of 0.97. The company has a quick ratio of 1.08, a current ratio of 1.54 and a debt-to-equity ratio of 1.74. The firm has a 50 day moving average price of $229.81 and a 200 day moving average price of $196.91. Caterpillar Inc. has a fifty-two week low of $100.22 and a fifty-two week high of $237.78.

Caterpillar (NYSE:CAT) last announced its quarterly earnings results on Thursday, April 29th. The industrial products company reported $2.87 earnings per share for the quarter, topping analysts’ consensus estimates of $1.93 by $0.94. The firm had revenue of $11.89 billion during the quarter, compared to analysts’ expectations of $11 billion. Caterpillar had a net margin of 7.60% and a return on equity of 25.24%. The firm’s revenue was up 11.8% on a year-over-year basis. During the same period in the prior year, the company earned $1.60 EPS. Analysts predict that Caterpillar Inc. will post 5.44 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 20th. Shareholders of record on Monday, April 26th will be given a $1.03 dividend. The ex-dividend date of this dividend is Friday, April 23rd. This represents a $4.12 dividend on an annualized basis and a yield of 1.80%. Caterpillar’s payout ratio is 37.25%.

About Caterpillar

Caterpillar Inc manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives worldwide. Its Construction Industries segment offers asphalt pavers, compactors, cold planers, motorgraders, pipelayers, road reclaimers, telehandlers, and utility vehicles; backhoe, compact track, multi-terrain, skid steer, and track-type loaders; forestry and wheel excavators; and site prep and track-type tractors.

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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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