Westwood Holdings Group Inc. Grows Stake in Caterpillar Inc. (NYSE:CAT)

Westwood Holdings Group Inc. grew its holdings in Caterpillar Inc. (NYSE:CAT) by 1.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 5,903 shares of the industrial products company’s stock after buying an additional 57 shares during the quarter. Westwood Holdings Group Inc.’s holdings in Caterpillar were worth $2,141,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. FSM Wealth Advisors LLC lifted its holdings in Caterpillar by 3.8% in the 4th quarter. FSM Wealth Advisors LLC now owns 688 shares of the industrial products company’s stock worth $262,000 after buying an additional 25 shares during the period. Allen Capital Group LLC lifted its holdings in Caterpillar by 0.6% in the 4th quarter. Allen Capital Group LLC now owns 4,247 shares of the industrial products company’s stock worth $1,541,000 after buying an additional 26 shares during the period. Wagner Wealth Management LLC lifted its holdings in Caterpillar by 4.0% in the 4th quarter. Wagner Wealth Management LLC now owns 668 shares of the industrial products company’s stock worth $242,000 after buying an additional 26 shares during the period. Total Clarity Wealth Management Inc. lifted its holdings in Caterpillar by 0.6% in the 4th quarter. Total Clarity Wealth Management Inc. now owns 4,373 shares of the industrial products company’s stock worth $1,586,000 after buying an additional 27 shares during the period. Finally, Magnolia Capital Advisors LLC lifted its holdings in Caterpillar by 3.3% in the 4th quarter. Magnolia Capital Advisors LLC now owns 857 shares of the industrial products company’s stock worth $311,000 after buying an additional 27 shares during the period. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Wall Street Analyst Weigh In

CAT has been the subject of several research reports. Truist Financial reissued a “buy” rating and issued a $396.00 target price (up previously from $389.00) on shares of Caterpillar in a research report on Thursday, May 1st. Bank of America decreased their target price on Caterpillar from $452.00 to $414.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Oppenheimer raised Caterpillar from a “market perform” rating to an “outperform” rating and set a $395.00 target price for the company in a research report on Thursday, May 1st. Baird R W raised Caterpillar from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 13th. Finally, StockNews.com lowered Caterpillar from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Six investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $375.33.

Caterpillar Stock Down 1.0%

CAT stock opened at $349.01 on Wednesday. Caterpillar Inc. has a twelve month low of $267.30 and a twelve 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 $164.40 billion, a PE ratio of 15.81, a price-to-earnings-growth ratio of 1.87 and a beta of 1.35. The business has a 50 day moving average of $318.02 and a 200 day moving average of $353.54.

Caterpillar (NYSE:CAT) last posted its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $4.25 earnings per share for the quarter, missing analysts’ consensus estimates of $4.35 by ($0.10). Caterpillar had a net margin of 16.65% and a return on equity of 58.18%. The company had revenue of $14.25 billion for the quarter, compared to the consensus estimate of $14.64 billion. During the same period last year, the business earned $5.60 EPS. The firm’s quarterly revenue was down 9.8% on a year-over-year basis. On average, research analysts forecast that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

Caterpillar Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 20th. Stockholders of record on Monday, April 21st were issued a dividend of $1.41 per share. This represents a $5.64 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date was Monday, April 21st. Caterpillar’s payout ratio is currently 27.49%.

Insider Activity at Caterpillar

In related news, Director David Maclennan acquired 375 shares of the 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 completion of the transaction, the director now directly owns 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.33% of the stock is currently owned by insiders.

Caterpillar 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.