James Investment Research Inc. reduced its holdings in Caterpillar Inc. (NYSE:CAT – Get Rating) by 1.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 49,688 shares of the industrial products company’s stock after selling 629 shares during the period. Caterpillar comprises 1.2% of James Investment Research Inc.’s holdings, making the stock its 22nd largest position. James Investment Research Inc.’s holdings in Caterpillar were worth $11,072,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of the business. CVA Family Office LLC grew its holdings in Caterpillar by 89.1% in the first quarter. CVA Family Office LLC now owns 1,560 shares of the industrial products company’s stock valued at $348,000 after purchasing an additional 735 shares during the period. Louisiana State Employees Retirement System grew its holdings in Caterpillar by 0.6% in the first quarter. Louisiana State Employees Retirement System now owns 34,100 shares of the industrial products company’s stock valued at $8,016,000 after purchasing an additional 200 shares during the period. Hotaling Investment Management LLC acquired a new stake in Caterpillar in the first quarter valued at approximately $519,000. Vantage Investment Partners LLC acquired a new stake in shares of Caterpillar in the first quarter worth approximately $30,415,000. Finally, Bogart Wealth LLC boosted its stake in shares of Caterpillar by 14.7% in the first quarter. Bogart Wealth LLC now owns 34,974 shares of the industrial products company’s stock worth $7,793,000 after acquiring an additional 4,477 shares during the last quarter. 67.44% of the stock is currently owned by institutional investors.
NYSE:CAT traded down $0.47 on Monday, reaching $178.29. The company’s stock had a trading volume of 219,749 shares, compared to its average volume of 3,632,410. Caterpillar Inc. has a 12-month low of $173.72 and a 12-month high of $237.90. The company has a quick ratio of 0.93, a current ratio of 1.44 and a debt-to-equity ratio of 1.48. The firm has a market cap of $95.09 billion, a price-to-earnings ratio of 14.94, a price-to-earnings-growth ratio of 1.18 and a beta of 1.00. The stock has a 50 day moving average price of $206.46 and a 200 day moving average price of $209.64.
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 19th. Shareholders of record on Wednesday, July 20th will be given a $1.20 dividend. The ex-dividend date is Tuesday, July 19th. This represents a $4.80 dividend on an annualized basis and a yield of 2.69%. This is an increase from Caterpillar’s previous quarterly dividend of $1.11. Caterpillar’s payout ratio is currently 37.22%.
A number of analysts have recently issued reports on CAT shares. Robert W. Baird reaffirmed an “outperform” rating and issued a $280.00 price target on shares of Caterpillar in a research note on Thursday, May 19th. Jefferies Financial Group raised Caterpillar from a “hold” rating to a “buy” rating and lifted their price target for the stock from $215.00 to $260.00 in a research note on Tuesday, March 8th. Wells Fargo & Company started coverage on Caterpillar in a research note on Friday, March 11th. They issued an “equal weight” rating and a $231.00 price target on the stock. StockNews.com lowered Caterpillar from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on Caterpillar from $250.00 to $240.00 in a research report on Friday, April 29th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $243.50.
In related news, insider Joseph E. Creed sold 5,004 shares of the business’s stock in a transaction on Wednesday, April 20th. The stock was sold at an average price of $235.00, for a total value of $1,175,940.00. Following the sale, the insider now owns 2,757 shares in the company, valued at approximately $647,895. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director David Maclennan acquired 600 shares of the business’s stock in a transaction that occurred on Thursday, May 5th. The stock was purchased at an average price of $219.82 per share, for a total transaction of $131,892.00. Following the acquisition, the director now directly owns 2,480 shares in the company, valued at approximately $545,153.60. The disclosure for this purchase can be found here. Insiders sold a total of 11,577 shares of company stock worth $2,663,056 in the last quarter. Company insiders own 0.27% of the company’s stock.
Caterpillar Profile (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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