Bartlett & Co. LLC boosted its position in Caterpillar Inc. (NYSE:CAT) by 2.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,407 shares of the industrial products company’s stock after acquiring an additional 60 shares during the period. Bartlett & Co. LLC’s holdings in Caterpillar were worth $558,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Aviva PLC lifted its holdings in shares of Caterpillar by 100.3% in the fourth quarter. Aviva PLC now owns 350,356 shares of the industrial products company’s stock valued at $63,772,000 after purchasing an additional 175,477 shares in the last quarter. Ellsworth Advisors LLC lifted its holdings in shares of Caterpillar by 12.9% in the fourth quarter. Ellsworth Advisors LLC now owns 8,714 shares of the industrial products company’s stock valued at $1,586,000 after purchasing an additional 997 shares in the last quarter. Diamond Hill Capital Management Inc. lifted its holdings in shares of Caterpillar by 0.8% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 1,094,490 shares of the industrial products company’s stock valued at $199,219,000 after purchasing an additional 9,192 shares in the last quarter. MV Capital Management Inc. lifted its holdings in shares of Caterpillar by 29.9% in the fourth quarter. MV Capital Management Inc. now owns 7,746 shares of the industrial products company’s stock valued at $1,410,000 after purchasing an additional 1,783 shares in the last quarter. Finally, Dowling & Yahnke LLC increased its position in shares of Caterpillar by 9.4% during the fourth quarter. Dowling & Yahnke LLC now owns 42,101 shares of the industrial products company’s stock valued at $7,663,000 after acquiring an additional 3,619 shares during the last quarter. Institutional investors and hedge funds own 67.48% of the company’s stock.
In other news, insider Denise C. Johnson sold 80,695 shares of Caterpillar stock in a transaction dated Monday, March 8th. The stock was sold at an average price of $219.82, for a total value of $17,738,374.90. Following the transaction, the insider now owns 38,945 shares in the company, valued at $8,560,889.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CAO Gary Michael Marvel sold 4,018 shares of the business’s stock in a transaction dated Tuesday, February 2nd. The shares were sold at an average price of $190.76, for a total value of $766,473.68. In the last quarter, insiders sold 149,080 shares of company stock worth $32,650,920. Company insiders own 0.31% of the company’s stock.
A number of analysts recently commented on CAT shares. Morgan Stanley increased their price target on Caterpillar from $158.00 to $168.00 and gave the company an “underweight” rating in a research report on Monday. Citigroup raised their target price on Caterpillar from $205.00 to $245.00 in a research report on Tuesday, March 16th. Robert W. Baird raised their price target on Caterpillar to $220.00 in a report on Wednesday, December 30th. Daiwa Capital Markets lowered Caterpillar from an “outperform” rating to a “neutral” rating in a report on Friday, March 5th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Caterpillar from $232.00 to $259.00 and gave the stock a “buy” rating in a report on Monday. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eleven have issued a buy rating to the stock. Caterpillar presently has a consensus rating of “Hold” and an average price target of $192.57.
Shares of CAT stock opened at $228.89 on Friday. The company has a quick ratio of 1.08, a current ratio of 1.54 and a debt-to-equity ratio of 1.74. The business has a 50-day moving average price of $227.83 and a two-hundred day moving average price of $192.94. Caterpillar Inc. has a 12-month low of $100.22 and a 12-month high of $237.78. The firm has a market cap of $124.81 billion, a P/E ratio of 38.08, a price-to-earnings-growth ratio of 2.14 and a beta of 0.97.
Caterpillar (NYSE:CAT) last released its quarterly earnings data on Thursday, January 28th. The industrial products company reported $2.12 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.49 by $0.63. The firm had revenue of $11.24 billion for the quarter, compared to the consensus estimate of $11.24 billion. Caterpillar had a return on equity of 25.24% and a net margin of 7.60%. The company’s quarterly revenue was down 14.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.63 earnings per share. As a group, research analysts expect that Caterpillar Inc. will post 5.44 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 20th. Stockholders of record on Monday, April 26th will be issued a $1.03 dividend. The ex-dividend date of this dividend is Friday, April 23rd. This represents a $4.12 annualized dividend and a dividend yield of 1.80%. Caterpillar’s dividend payout ratio is currently 37.25%.
Caterpillar Inc manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives worldwide. Its Construction Industries segment offers asphalt pavers, compactors, cold planers, motorgraders, pipelayers, road reclaimers, telehandlers, and utility vehicles; backhoe, compact track, multi-terrain, skid steer, and track-type loaders; forestry and wheel excavators; and site prep and track-type tractors.
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