Seelaus Asset Management LLC lowered its stake in Caterpillar Inc. (NYSE:CAT – Get Rating) by 5.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,511 shares of the industrial products company’s stock after selling 150 shares during the period. Seelaus Asset Management LLC’s holdings in Caterpillar were worth $560,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of CAT. Crewe Advisors LLC increased its holdings in shares of Caterpillar by 322.6% in the fourth quarter. Crewe Advisors LLC now owns 131 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 100 shares in the last quarter. Sierra Capital LLC acquired a new stake in shares of Caterpillar in the fourth quarter valued at approximately $38,000. IMA Wealth Inc. acquired a new stake in Caterpillar during the 4th quarter worth $41,000. DB Fitzpatrick & Co Inc acquired a new stake in Caterpillar during the 4th quarter worth $42,000. Finally, Lloyd Advisory Services LLC. grew its holdings in Caterpillar by 3,042.9% during the 4th quarter. Lloyd Advisory Services LLC. now owns 220 shares of the industrial products company’s stock worth $45,000 after acquiring an additional 213 shares during the period. 67.44% of the stock is owned by institutional investors and hedge funds.
CAT has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Caterpillar from $250.00 to $240.00 in a report on Friday, April 29th. Robert W. Baird reaffirmed an “outperform” rating and set a $280.00 target price on shares of Caterpillar in a report on Thursday, May 19th. JPMorgan Chase & Co. lifted their target price on shares of Caterpillar from $241.00 to $257.00 and gave the stock an “overweight” rating in a report on Monday, March 28th. Tigress Financial lifted their price target on shares of Caterpillar from $278.00 to $282.00 and gave the stock a “buy” rating in a research report on Friday, May 20th. Finally, Wells Fargo & Company began coverage on shares of Caterpillar in a research report on Friday, March 11th. They set an “equal weight” rating and a $231.00 price target on the stock. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $243.71.
CAT opened at $187.83 on Thursday. The stock has a market capitalization of $100.18 billion, a P/E ratio of 15.74, a P/E/G ratio of 1.29 and a beta of 0.94. Caterpillar Inc. has a 12 month low of $179.67 and a 12 month high of $237.90. The firm’s fifty day simple moving average is $212.90 and its 200 day simple moving average is $210.54. The company has a current ratio of 1.44, a quick ratio of 0.93 and a debt-to-equity ratio of 1.48.
Caterpillar (NYSE:CAT – Get Rating) last posted its quarterly earnings data on Thursday, April 28th. The industrial products company reported $2.88 EPS for the quarter, beating the consensus estimate of $2.66 by $0.22. The business had revenue of $13.60 billion for the quarter, compared to analysts’ expectations of $13.49 billion. Caterpillar had a net margin of 12.33% and a return on equity of 35.10%. The firm’s revenue was up 14.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.87 EPS. On average, equities research analysts predict that Caterpillar Inc. will post 12.64 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 19th. Investors of record on Wednesday, July 20th will be given a $1.20 dividend. This is a boost from Caterpillar’s previous quarterly dividend of $1.11. This represents a $4.80 annualized dividend and a yield of 2.56%. The ex-dividend date of this dividend is Tuesday, July 19th. Caterpillar’s payout ratio is currently 37.22%.
About Caterpillar (Get Rating)
Caterpillar Inc manufactures and sells construction and mining equipment, diesel and natural gas engines, and industrial gas turbines worldwide. Its Construction Industries segment offers asphalt pavers, backhoe loaders, compactors, cold planers, compact track and multi-terrain loaders, excavators, motorgraders, pipelayers, road reclaimers, site prep tractors, skid steer loaders, telehandlers, and utility vehicles; mini, small, medium, and large excavators; compact, small, and medium wheel loaders; track-type tractors and loaders; and wheel excavators.
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