Caterpillar Inc. (NYSE:CAT) Position Raised by Slow Capital Inc.

Slow Capital Inc. increased its position in shares of Caterpillar Inc. (NYSE:CAT) by 1.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,834 shares of the industrial products company’s stock after purchasing an additional 142 shares during the period. Slow Capital Inc.’s holdings in Caterpillar were worth $3,573,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Flagship Wealth Advisors LLC bought a new position in shares of Caterpillar in the fourth quarter valued at $26,000. Cyrus J. Lawrence LLC bought a new position in shares of Caterpillar in the fourth quarter valued at $27,000. Investment Management Corp VA ADV acquired a new stake in Caterpillar during the 4th quarter valued at $33,000. Curat Global LLC acquired a new stake in Caterpillar during the 1st quarter valued at $33,000. Finally, Redmont Wealth Advisors LLC acquired a new stake in Caterpillar during the 1st quarter valued at $33,000. Institutional investors own 70.98% of the company’s stock.

Caterpillar Trading Down 0.6%

Caterpillar stock opened at $405.73 on Monday. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.32 and a quick ratio of 0.77. The company has a market capitalization of $191.12 billion, a price-to-earnings ratio of 19.77, a PEG ratio of 2.70 and a beta of 1.38. Caterpillar Inc. has a one year low of $267.30 and a one year high of $418.50. The company’s fifty day moving average price is $360.79 and its two-hundred day moving average price is $347.92.

Caterpillar (NYSE:CAT) last posted its earnings results on Wednesday, April 30th. The industrial products company reported $4.25 EPS for the quarter, missing the consensus estimate of $4.35 by ($0.10). The business had revenue of $14.25 billion for the quarter, compared to analyst estimates of $14.64 billion. Caterpillar had a return on equity of 53.77% and a net margin of 15.71%. The company’s quarterly revenue was down 9.8% compared to the same quarter last year. During the same period in the previous year, the company earned $5.60 earnings per share. On average, analysts forecast that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal year.

Caterpillar Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 20th. Shareholders of record on Monday, July 21st will be given a dividend of $1.51 per share. This represents a $6.04 annualized dividend and a yield of 1.49%. This is an increase from Caterpillar’s previous quarterly dividend of $1.41. The ex-dividend date of this dividend is Monday, July 21st. Caterpillar’s dividend payout ratio is presently 29.43%.

Insider Buying and Selling

In other news, Director David Maclennan purchased 375 shares of the firm’s stock in a transaction on Wednesday, May 7th. The stock was bought at an average cost of $320.70 per share, for a total transaction of $120,262.50. Following the completion of the acquisition, the director directly owned 6,653 shares of the company’s stock, valued at approximately $2,133,617.10. The trade was a 5.97% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.33% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Evercore ISI cut their target price on shares of Caterpillar from $375.00 to $373.00 and set an “in-line” rating on the stock in a research note on Monday, May 19th. JPMorgan Chase & Co. boosted their target price on shares of Caterpillar from $395.00 to $475.00 and gave the company an “overweight” rating in a research note on Thursday. Oppenheimer raised shares of Caterpillar from a “market perform” rating to an “outperform” rating and set a $395.00 target price on the stock in a research note on Thursday, May 1st. DA Davidson boosted their target price on shares of Caterpillar from $325.00 to $331.00 and gave the company a “neutral” rating in a research note on Monday, May 5th. Finally, Robert W. Baird boosted their target price on shares of Caterpillar from $395.00 to $422.00 and gave the company an “outperform” rating in a research note on Friday, June 20th. Six investment analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $404.64.

Caterpillar Company 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.