Heck Capital Advisors LLC Invests $1.36 Million in Caterpillar Inc. (NYSE:CAT)

Heck Capital Advisors LLC acquired a new stake in Caterpillar Inc. (NYSE:CAT) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 3,747 shares of the industrial products company’s stock, valued at approximately $1,359,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Retirement Wealth Solutions LLC purchased a new stake in Caterpillar in the 4th quarter worth about $34,000. Capital Performance Advisors LLP purchased a new position in shares of Caterpillar in the third quarter worth about $36,000. Albion Financial Group UT raised its position in shares of Caterpillar by 334.8% in the fourth quarter. Albion Financial Group UT now owns 100 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 77 shares during the period. Kimelman & Baird LLC lifted its stake in shares of Caterpillar by 42.9% during the 3rd quarter. Kimelman & Baird LLC now owns 100 shares of the industrial products company’s stock valued at $39,000 after buying an additional 30 shares in the last quarter. Finally, Trivant Custom Portfolio Group LLC grew its stake in Caterpillar by 130.0% in the 4th quarter. Trivant Custom Portfolio Group LLC now owns 115 shares of the industrial products company’s stock valued at $42,000 after buying an additional 65 shares in the last quarter. 70.98% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on CAT. Truist Financial cut their price target on Caterpillar from $471.00 to $455.00 and set a “buy” rating for the company in a report on Thursday, January 16th. Evercore ISI upgraded Caterpillar from an “underperform” rating to an “in-line” rating and set a $365.00 target price for the company in a research note on Monday, January 13th. Citigroup upped their price target on Caterpillar from $420.00 to $430.00 and gave the company a “buy” rating in a research report on Friday. Bank of America reduced their price objective on shares of Caterpillar from $452.00 to $414.00 and set a “buy” rating for the company in a research note on Friday. Finally, Robert W. Baird raised their price target on shares of Caterpillar from $299.00 to $300.00 and gave the company an “underperform” rating in a report on Thursday, October 31st. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $380.13.

Insider Buying and Selling at Caterpillar

In other news, Director Gerald Johnson acquired 100 shares of the stock in a transaction dated Wednesday, December 4th. The stock was purchased at an average cost of $398.57 per share, with a total value of $39,857.00. Following the completion of the purchase, the director now owns 2,953 shares in the company, valued at approximately $1,176,977.21. The trade was a 3.51 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the firm’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $380.09, for a total value of $3,800,900.00. Following the completion of the sale, the chief financial officer now directly owns 45,182 shares in the company, valued at $17,173,226.38. The trade was a 18.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 32,900 shares of company stock worth $13,111,601. 0.29% of the stock is currently owned by insiders.

Caterpillar Trading Down 0.8 %

CAT stock opened at $371.88 on Friday. The company has a market capitalization of $179.54 billion, a PE ratio of 17.24, a price-to-earnings-growth ratio of 2.05 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 one year low of $299.93 and a one year high of $418.50. The company’s 50 day moving average price is $381.40 and its two-hundred day moving average price is $370.82.

Caterpillar (NYSE:CAT) last posted its quarterly earnings results on Thursday, January 30th. The industrial products company reported $5.14 earnings per share for the quarter, topping the consensus estimate of $4.97 by $0.17. Caterpillar had a net margin of 16.26% and a return on equity of 59.09%. As a group, analysts predict that Caterpillar Inc. will post 21.71 earnings per share for the current fiscal year.

Caterpillar Dividend Announcement

The business 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. The ex-dividend date is Tuesday, January 21st. This represents a $5.64 annualized dividend and a yield of 1.52%. Caterpillar’s payout ratio is 25.56%.

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.