Caterpillar Inc. (NYSE:CAT) Shares Sold by Wade G W & Inc.

Wade G W & Inc. lessened its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 5.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,273 shares of the industrial products company’s stock after selling 189 shares during the period. Wade G W & Inc.’s holdings in Caterpillar were worth $443,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Loeb Partners Corp purchased a new stake in shares of Caterpillar in the 4th quarter worth $25,000. Clarfeld Financial Advisors LLC purchased a new stake in shares of Caterpillar in the 4th quarter worth $26,000. Paragon Capital Management LLC purchased a new stake in shares of Caterpillar in the 1st quarter worth $40,000. PRW Wealth Management LLC bought a new position in Caterpillar in the 4th quarter worth $43,000. Finally, Legacy Advisors LLC bought a new position in Caterpillar in the 1st quarter worth $47,000. Institutional investors own 65.45% of the company’s stock.

Shares of NYSE:CAT opened at $136.29 on Friday. The stock has a market capitalization of $77.49 billion, a price-to-earnings ratio of 12.15, a PEG ratio of 0.92 and a beta of 1.52. The stock’s 50 day moving average is $126.66. Caterpillar Inc. has a one year low of $112.06 and a one year high of $159.37. The company has a current ratio of 1.43, a quick ratio of 0.98 and a debt-to-equity ratio of 1.57.

Caterpillar (NYSE:CAT) last issued its earnings results on Wednesday, April 24th. The industrial products company reported $2.94 EPS for the quarter, topping the Zacks’ consensus estimate of $2.84 by $0.10. The business had revenue of $13.47 billion for the quarter, compared to analyst estimates of $13.36 billion. Caterpillar had a net margin of 11.50% and a return on equity of 45.08%. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period last year, the company posted $2.82 earnings per share. On average, sell-side analysts expect that Caterpillar Inc. will post 12.24 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 20th. Stockholders of record on Monday, July 22nd will be paid a dividend of $1.03 per share. The ex-dividend date of this dividend is Friday, July 19th. This is an increase from Caterpillar’s previous quarterly dividend of $0.86. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.02%. Caterpillar’s dividend payout ratio (DPR) is currently 30.66%.

Several research analysts recently weighed in on CAT shares. UBS Group set a $125.00 target price on shares of Caterpillar and gave the stock a “sell” rating in a report on Friday, May 3rd. ValuEngine downgraded shares of Caterpillar from a “hold” rating to a “sell” rating in a report on Wednesday, May 8th. Zacks Investment Research raised shares of Caterpillar from a “sell” rating to a “hold” rating in a report on Tuesday, March 12th. Bank of America set a $152.00 price objective on shares of Caterpillar and gave the company a “buy” rating in a report on Thursday, April 4th. Finally, Standpoint Research raised shares of Caterpillar from a “hold” rating to a “buy” rating in a report on Wednesday, June 5th. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and fourteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $145.39.

Caterpillar Company Profile

Caterpillar, Inc engages in the manufacture of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. It operates through the following segments: Construction Industries, Resource Industries, Energy and Transportation, Financial Products, and All Other.

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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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