JustInvest LLC Acquires 2,053 Shares of Caterpillar Inc. (NYSE:CAT)

JustInvest LLC increased its holdings in Caterpillar Inc. (NYSE:CAT) by 37.4% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,547 shares of the industrial products company’s stock after buying an additional 2,053 shares during the period. JustInvest LLC’s holdings in Caterpillar were worth $1,750,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the stock. US Bancorp DE raised its stake in Caterpillar by 3.5% in the first quarter. US Bancorp DE now owns 428,854 shares of the industrial products company’s stock worth $99,439,000 after buying an additional 14,338 shares in the last quarter. Dividend Assets Capital LLC increased its position in shares of Caterpillar by 66.7% during the first quarter. Dividend Assets Capital LLC now owns 155 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 62 shares in the last quarter. Park Avenue Securities LLC increased its position in shares of Caterpillar by 9.1% during the first quarter. Park Avenue Securities LLC now owns 5,092 shares of the industrial products company’s stock worth $1,181,000 after purchasing an additional 426 shares in the last quarter. New England Investment & Retirement Group Inc. increased its position in shares of Caterpillar by 2.4% during the first quarter. New England Investment & Retirement Group Inc. now owns 12,941 shares of the industrial products company’s stock worth $3,001,000 after purchasing an additional 300 shares in the last quarter. Finally, Minneapolis Portfolio Management Group LLC grew its holdings in shares of Caterpillar by 0.3% during the first quarter. Minneapolis Portfolio Management Group LLC now owns 168,004 shares of the industrial products company’s stock valued at $38,955,000 after buying an additional 507 shares during the last quarter. 67.48% of the stock is owned by institutional investors.

Shares of Caterpillar stock traded down $0.68 during mid-day trading on Tuesday, hitting $227.49. The stock had a trading volume of 61,238 shares, compared to its average volume of 3,226,169. The firm has a 50-day moving average of $229.81 and a two-hundred day moving average of $196.91. Caterpillar Inc. has a 12-month low of $100.22 and a 12-month high of $237.78. 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 firm has a market cap of $124.05 billion, a P/E ratio of 37.97, a price-to-earnings-growth ratio of 2.14 and a beta of 0.97.

Caterpillar (NYSE:CAT) last posted its quarterly earnings results on Thursday, April 29th. The industrial products company reported $2.87 earnings per share for the quarter, beating the consensus estimate of $1.93 by $0.94. The business had revenue of $11.89 billion during the quarter, compared to analysts’ expectations of $11 billion. Caterpillar had a net margin of 7.60% and a return on equity of 25.24%. The business’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.60 EPS. Sell-side analysts expect that Caterpillar Inc. will post 5.44 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 20th. Investors of record on Monday, April 26th will be given a dividend of $1.03 per share. The ex-dividend date of this dividend is Friday, April 23rd. This represents a $4.12 dividend on an annualized basis and a dividend yield of 1.81%. Caterpillar’s payout ratio is currently 37.25%.

In other Caterpillar news, insider Denise C. Johnson sold 80,695 shares of the firm’s stock in a transaction that occurred on Monday, March 8th. The shares were sold at an average price of $219.82, for a total value of $17,738,374.90. Following the completion of the transaction, the insider now owns 38,945 shares of the company’s stock, valued at approximately $8,560,889.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Suzette M. Long sold 59,311 shares of the firm’s stock in a transaction that occurred on Monday, March 8th. The shares were sold at an average price of $219.67, for a total transaction of $13,028,847.37. Following the completion of the transaction, the general counsel now directly owns 33,320 shares of the company’s stock, valued at approximately $7,319,404.40. The disclosure for this sale can be found here. Insiders have sold a total of 145,062 shares of company stock valued at $31,884,447 in the last ninety days. 0.31% of the stock is currently owned by corporate insiders.

A number of equities research analysts have recently weighed in on the stock. BMO Capital Markets boosted their price objective on shares of Caterpillar from $190.00 to $230.00 and gave the company a “market perform” rating in a report on Friday. Stifel Nicolaus upped their price target on shares of Caterpillar from $222.00 to $245.00 and gave the company a “buy” rating in a report on Monday. Jefferies Financial Group upped their price target on shares of Caterpillar from $160.00 to $200.00 and gave the company a “hold” rating in a report on Friday, January 15th. Daiwa Capital Markets lowered shares of Caterpillar from an “outperform” rating to a “neutral” rating in a report on Friday, March 5th. Finally, Morgan Stanley upped their price target on shares of Caterpillar from $168.00 to $181.00 and gave the company an “underweight” rating in a report on Friday. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and ten have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $205.37.

Caterpillar Company Profile

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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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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