Everpar Advisors LLC Makes New $681,000 Investment in Caterpillar Inc. (NYSE:CAT)

Everpar Advisors LLC bought a new stake in Caterpillar Inc. (NYSE:CAT) during the 4th quarter, Holdings Channel reports. The firm bought 2,304 shares of the industrial products company’s stock, valued at approximately $681,000.

A number of other large investors also recently made changes to their positions in CAT. Waterway Wealth Management LLC bought a new position in Caterpillar during the 4th quarter worth $352,000. Farmers Trust Co. boosted its position in shares of Caterpillar by 2.7% during the 4th quarter. Farmers Trust Co. now owns 4,490 shares of the industrial products company’s stock worth $1,328,000 after acquiring an additional 120 shares in the last quarter. Firethorn Wealth Partners LLC increased its stake in Caterpillar by 19.4% in the fourth quarter. Firethorn Wealth Partners LLC now owns 1,825 shares of the industrial products company’s stock valued at $540,000 after acquiring an additional 296 shares during the last quarter. Axxcess Wealth Management LLC raised its position 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 valued at $6,310,000 after purchasing an additional 3,558 shares in the last quarter. Finally, Panagora Asset Management Inc. lifted its stake in Caterpillar by 16.7% during the third quarter. Panagora Asset Management Inc. now owns 367,655 shares of the industrial products company’s stock worth $100,370,000 after purchasing an additional 52,576 shares during the last quarter. Institutional investors own 70.98% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on CAT. Robert W. Baird upped their price objective on Caterpillar from $210.00 to $257.00 and gave the stock an “underperform” rating in a research report on Tuesday, February 6th. HSBC lifted their price target on shares of Caterpillar from $330.00 to $360.00 and gave the company a “hold” rating in a report on Tuesday, April 30th. Stifel Nicolaus lowered shares of Caterpillar from a “buy” rating to a “hold” rating and raised their target price for the company from $293.00 to $350.00 in a research report on Friday, April 26th. JPMorgan Chase & Co. increased their price target on Caterpillar from $385.00 to $435.00 and gave the company an “overweight” rating in a research note on Tuesday, April 16th. Finally, Truist Financial began coverage on Caterpillar in a research report on Thursday, March 14th. They set a “buy” rating and a $390.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $323.35.

Insider Buying and Selling at Caterpillar

In other Caterpillar news, insider Lange Bob De sold 21,194 shares of the stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $325.52, for a total value of $6,899,070.88. Following the transaction, the insider now owns 61,092 shares in the company, valued at $19,886,667.84. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, Director David Maclennan bought 350 shares of Caterpillar stock in a transaction dated Friday, February 23rd. The stock was purchased at an average price of $323.37 per share, for a total transaction of $113,179.50. Following the purchase, the director now directly owns 5,238 shares in the company, valued at approximately $1,693,812.06. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Lange Bob De sold 21,194 shares of the business’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $325.52, for a total transaction of $6,899,070.88. Following the transaction, the insider now owns 61,092 shares in the company, valued at $19,886,667.84. The disclosure for this sale can be found here. Insiders own 0.33% of the company’s stock.

Caterpillar Trading Up 0.8 %

CAT traded up $2.90 during trading on Tuesday, reaching $345.00. 1,943,358 shares of the stock traded hands, compared to its average volume of 2,503,008. The company has a quick ratio of 0.83, a current ratio of 1.35 and a debt-to-equity ratio of 1.41. The stock’s 50-day moving average is $352.57 and its 200 day moving average is $304.94. Caterpillar Inc. has a 12 month low of $205.60 and a 12 month high of $382.01. The stock has a market capitalization of $168.72 billion, a PE ratio of 15.58, a P/E/G ratio of 1.44 and a beta of 1.19.

Caterpillar (NYSE:CAT) last announced its earnings results on Thursday, April 25th. The industrial products company reported $5.60 EPS for the quarter, beating the consensus estimate of $5.12 by $0.48. Caterpillar had a return on equity of 58.61% and a net margin of 16.79%. The company had revenue of $15.80 billion for the quarter, compared to analyst estimates of $16.07 billion. Equities analysts anticipate that Caterpillar Inc. will post 21.79 earnings per share for the current year.

Caterpillar Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, May 20th. Shareholders of record on Monday, April 22nd will be issued a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date is Friday, April 19th. 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.