David Loasby lowered its position in shares of Caterpillar Inc. (NYSE:CAT) by 8.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,857 shares of the industrial products company’s stock after selling 182 shares during the quarter. David Loasby’s holdings in Caterpillar were worth $430,000 as of its most recent SEC filing.
A number of other large investors have also recently modified their holdings of CAT. Nwam LLC raised its position in Caterpillar by 1.1% during the first quarter. Nwam LLC now owns 4,023 shares of the industrial products company’s stock worth $933,000 after acquiring an additional 44 shares during the last quarter. Essex Savings Bank boosted its stake in shares of Caterpillar by 0.8% during the first quarter. Essex Savings Bank now owns 5,588 shares of the industrial products company’s stock valued at $1,206,000 after acquiring an additional 45 shares during the last quarter. Los Angeles Capital Management LLC boosted its stake in shares of Caterpillar by 0.4% during the fourth quarter. Los Angeles Capital Management LLC now owns 12,494 shares of the industrial products company’s stock valued at $2,274,000 after acquiring an additional 47 shares during the last quarter. Gradient Capital Advisors LLC lifted its position in Caterpillar by 3.9% during the first quarter. Gradient Capital Advisors LLC now owns 1,247 shares of the industrial products company’s stock worth $289,000 after buying an additional 47 shares during the period. Finally, J. W. Coons Advisors LLC lifted its position in Caterpillar by 1.0% during the first quarter. J. W. Coons Advisors LLC now owns 4,791 shares of the industrial products company’s stock worth $1,112,000 after buying an additional 48 shares during the period. 67.48% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE CAT traded up $2.20 during trading on Wednesday, reaching $241.50. The stock had a trading volume of 28,873 shares, compared to its average volume of 3,247,216. Caterpillar Inc. has a one year low of $100.22 and a one year high of $245.78. The company has a debt-to-equity ratio of 1.74, a quick ratio of 1.08 and a current ratio of 1.54. The stock has a market cap of $132.29 billion, a PE ratio of 40.35, a P/E/G ratio of 2.14 and a beta of 0.97. The firm’s 50 day moving average price is $231.32 and its two-hundred day moving average price is $199.69.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 20th. Shareholders 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 yield of 1.71%. Caterpillar’s dividend payout ratio (DPR) is presently 37.25%.
Several equities analysts recently weighed in on CAT shares. Wolfe Research started coverage on Caterpillar in a research report on Monday, April 19th. They set an “outperform” rating and a $265.00 target price on the stock. Daiwa Capital Markets downgraded Caterpillar from an “outperform” rating to a “neutral” rating in a report on Friday, March 5th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell raised their price objective on Caterpillar from $205.00 to $245.00 in a report on Tuesday, March 16th. BMO Capital Markets raised their price objective on Caterpillar from $190.00 to $230.00 and gave the stock a “market perform” rating in a report on Thursday, May 6th. Finally, Vertical Research started coverage on Caterpillar in a report on Wednesday, January 20th. They issued a “buy” rating and a $230.00 price objective on the stock. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and ten have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $211.79.
In other Caterpillar news, insider Denise C. Johnson sold 80,695 shares of the business’s stock in a transaction on Monday, March 8th. The stock was sold at an average price of $219.82, for a total transaction of $17,738,374.90. Following the completion of the transaction, the insider now owns 38,945 shares in the company, valued at approximately $8,560,889.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director David Maclennan purchased 420 shares of Caterpillar stock in a transaction on Wednesday, May 5th. The shares were acquired at an average price of $237.86 per share, with a total value of $99,901.20. Following the transaction, the director now directly owns 890 shares in the company, valued at approximately $211,695.40. The disclosure for this purchase can be found here. Insiders have sold a total of 145,062 shares of company stock valued at $31,884,447 in the last quarter. 0.31% of the stock is currently owned by insiders.
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.
Featured Story: Differences Between Momentum Investing and Long Term Investing
Want to see what other hedge funds are holding CAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Caterpillar Inc. (NYSE:CAT).
Receive News & Ratings for Caterpillar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Caterpillar and related companies with MarketBeat.com's FREE daily email newsletter.