KLCM Advisors Inc. Has $4.66 Million Position in Caterpillar Inc. $CAT

KLCM Advisors Inc. increased its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 188.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,125 shares of the industrial products company’s stock after acquiring an additional 5,309 shares during the period. KLCM Advisors Inc.’s holdings in Caterpillar were worth $4,655,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in CAT. Torren Management LLC acquired a new stake in shares of Caterpillar during the 4th quarter valued at about $27,000. Marquette Asset Management LLC boosted its position in shares of Caterpillar by 1,060.0% during the 3rd quarter. Marquette Asset Management LLC now owns 58 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 53 shares in the last quarter. IFS Advisors LLC acquired a new stake in shares of Caterpillar during the 4th quarter valued at about $31,000. Rialto Wealth Management LLC boosted its position in shares of Caterpillar by 47.4% during the 4th quarter. Rialto Wealth Management LLC now owns 56 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 18 shares in the last quarter. Finally, Noble Wealth Management PBC boosted its position in shares of Caterpillar by 140.0% during the 4th quarter. Noble Wealth Management PBC now owns 60 shares of the industrial products company’s stock valued at $34,000 after acquiring an additional 35 shares in the last quarter. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Caterpillar Trading Up 3.1%

Shares of NYSE CAT opened at $925.54 on Tuesday. Caterpillar Inc. has a 1-year low of $336.24 and a 1-year high of $931.35. The company has a market cap of $426.30 billion, a PE ratio of 46.07, a P/E/G ratio of 1.80 and a beta of 1.63. The company has a current ratio of 1.35, a quick ratio of 0.81 and a debt-to-equity ratio of 1.64. The company has a 50-day moving average of $761.80 and a two-hundred day moving average of $670.30.

Caterpillar (NYSE:CAT) last announced its earnings results on Thursday, April 30th. The industrial products company reported $5.54 earnings per share for the quarter, topping analysts’ consensus estimates of $4.65 by $0.89. Caterpillar had a net margin of 13.33% and a return on equity of 48.21%. The company had revenue of $17.42 billion during the quarter, compared to the consensus estimate of $16.53 billion. During the same period in the previous year, the firm posted $4.25 earnings per share. The company’s revenue was up 22.2% on a year-over-year basis. As a group, equities analysts expect that Caterpillar Inc. will post 24.21 earnings per share for the current fiscal year.

Caterpillar Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 19th. Shareholders of record on Monday, April 20th will be paid a $1.51 dividend. The ex-dividend date of this dividend is Monday, April 20th. This represents a $6.04 dividend on an annualized basis and a dividend yield of 0.7%. Caterpillar’s payout ratio is currently 30.06%.

Wall Street Analyst Weigh In

A number of research firms have commented on CAT. Oppenheimer set a $980.00 price target on shares of Caterpillar and gave the company an “outperform” rating in a research report on Friday, May 1st. Jefferies Financial Group boosted their price target on shares of Caterpillar from $900.00 to $1,045.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Citigroup boosted their price target on shares of Caterpillar from $905.00 to $1,020.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Evercore restated an “outperform” rating and issued a $1,103.00 price target on shares of Caterpillar in a research report on Monday. Finally, Morgan Stanley set a $915.00 price target on shares of Caterpillar and gave the company an “equal weight” rating in a research report on Friday, May 1st. Sixteen equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, Caterpillar presently has an average rating of “Moderate Buy” and a consensus price target of $911.77.

Insider Buying and Selling

In other Caterpillar news, insider Lange Bob De sold 24,222 shares of the business’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $922.92, for a total value of $22,354,968.24. Following the completion of the transaction, the insider directly owned 86,029 shares of the company’s stock, valued at approximately $79,397,884.68. The trade was a 21.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Rodney Michael Shurman sold 5,639 shares of the business’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $903.18, for a total transaction of $5,093,032.02. Following the completion of the transaction, the insider directly owned 2,546 shares of the company’s stock, valued at approximately $2,299,496.28. This represents a 68.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 75,734 shares of company stock valued at $67,054,613. Insiders own 0.33% of the company’s stock.

About Caterpillar

Caterpillar Inc is a global manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and locomotives. The company’s product portfolio includes earthmoving machines such as excavators, bulldozers, wheel loaders and off‑highway trucks, as well as a range of power generation products including generator sets and power systems for industrial and commercial use. Caterpillar serves customers across heavy construction, mining, energy, transportation and related industries with both equipment and integrated technology solutions.

In addition to manufacturing, Caterpillar provides a broad range of aftermarket parts and support services, including maintenance, repair, remanufacturing and fleet management tools.