ORG Wealth Partners LLC Boosts Position in Caterpillar Inc. (NYSE:CAT)

ORG Wealth Partners LLC raised its stake in Caterpillar Inc. (NYSE:CAT) by 11.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,445 shares of the industrial products company’s stock after purchasing an additional 258 shares during the period. Caterpillar accounts for about 0.3% of ORG Wealth Partners LLC’s holdings, making the stock its 27th biggest position. ORG Wealth Partners LLC’s holdings in Caterpillar were worth $887,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in CAT. ST Germain D J Co. Inc. raised its position in Caterpillar by 29.7% in the 4th quarter. ST Germain D J Co. Inc. now owns 8,345 shares of the industrial products company’s stock valued at $3,027,000 after purchasing an additional 1,910 shares during the last quarter. Baker Tilly Wealth Management LLC increased its holdings in shares of Caterpillar by 18.9% in the 4th quarter. Baker Tilly Wealth Management LLC now owns 1,294 shares of the industrial products company’s stock valued at $469,000 after purchasing an additional 206 shares in the last quarter. Fortitude Family Office LLC lifted its stake in shares of Caterpillar by 3.6% in the fourth quarter. Fortitude Family Office LLC now owns 1,474 shares of the industrial products company’s stock valued at $535,000 after purchasing an additional 51 shares during the period. Hudson Valley Investment Advisors Inc. ADV grew its position in Caterpillar by 1.3% during the fourth quarter. Hudson Valley Investment Advisors Inc. ADV now owns 2,644 shares of the industrial products company’s stock worth $959,000 after buying an additional 35 shares during the period. Finally, First Hawaiian Bank increased its holdings in Caterpillar by 103.3% in the fourth quarter. First Hawaiian Bank now owns 2,960 shares of the industrial products company’s stock valued at $1,074,000 after buying an additional 1,504 shares in the last quarter. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Caterpillar Stock Down 2.7 %

Shares of CAT stock traded down $9.74 during trading hours on Friday, reaching $351.33. The company had a trading volume of 952,303 shares, compared to its average volume of 1,521,093. The company has a market capitalization of $169.62 billion, a P/E ratio of 16.29, a price-to-earnings-growth ratio of 1.92 and a beta of 1.13. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.86 and a current ratio of 1.40. Caterpillar Inc. has a twelve month low of $276.94 and a twelve month high of $418.50. The stock’s fifty day simple moving average is $382.73 and its 200 day simple moving average is $365.00.

Caterpillar (NYSE:CAT) last posted its earnings results on Wednesday, October 30th. The industrial products company reported $5.17 EPS for the quarter, missing analysts’ consensus estimates of $5.33 by ($0.16). Caterpillar had a return on equity of 59.09% and a net margin of 16.26%. The firm had revenue of $16.11 billion for the quarter, compared to analyst estimates of $16.37 billion. During the same period in the previous year, the firm posted $5.52 earnings per share. The company’s revenue for the quarter was down 4.2% on a year-over-year basis. As a group, sell-side analysts expect that Caterpillar Inc. will post 21.68 earnings per share for the current fiscal year.

Caterpillar Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Tuesday, January 21st will be given a dividend of $1.41 per share. This represents a $5.64 annualized dividend and a dividend yield of 1.61%. The ex-dividend date is Tuesday, January 21st. Caterpillar’s dividend payout ratio is currently 26.15%.

Insiders Place Their Bets

In related news, insider Cheryl H. Johnson sold 2,664 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $378.84, for a total transaction of $1,009,229.76. Following the completion of the transaction, the insider now owns 12,951 shares in the company, valued at $4,906,356.84. The trade was a 17.06 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Daniel M. Dickinson sold 1,300 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $418.00, for a total value of $543,400.00. Following the completion of the sale, the director now directly owns 4,976 shares in the company, valued at $2,079,968. This represents a 20.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 23,868 shares of company stock valued at $9,679,489 over the last 90 days. 0.29% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

CAT has been the topic of a number of research analyst reports. Robert W. Baird boosted their target price on Caterpillar from $299.00 to $300.00 and gave the stock an “underperform” rating in a research report on Thursday, October 31st. Jefferies Financial Group increased their price target on shares of Caterpillar from $455.00 to $475.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Citigroup upped their target price on shares of Caterpillar from $435.00 to $460.00 and gave the company a “buy” rating in a report on Monday, December 9th. UBS Group raised their price objective on Caterpillar from $285.00 to $295.00 and gave the stock a “sell” rating in a report on Monday, November 4th. Finally, StockNews.com lowered Caterpillar from a “buy” rating to a “hold” rating in a research note on Thursday. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $384.33.

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.