YorkBridge Wealth Partners LLC Raises Stake in Caterpillar Inc. (NYSE:CAT)

YorkBridge Wealth Partners LLC increased its holdings in Caterpillar Inc. (NYSE:CAT) by 5.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,865 shares of the industrial products company’s stock after acquiring an additional 88 shares during the quarter. YorkBridge Wealth Partners LLC’s holdings in Caterpillar were worth $253,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also made changes to their positions in CAT. Vanguard Group Inc grew its stake in Caterpillar by 1.1% during the 3rd quarter. Vanguard Group Inc now owns 49,811,616 shares of the industrial products company’s stock worth $7,595,773,000 after purchasing an additional 534,451 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its holdings in Caterpillar by 10.0% during the 4th quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 177,648 shares of the industrial products company’s stock worth $22,574,000 after buying an additional 16,200 shares during the last quarter. HGK Asset Management Inc. purchased a new stake in Caterpillar during the 4th quarter worth about $258,000. Signet Investment Advisory Group Inc. purchased a new stake in Caterpillar during the 4th quarter worth about $266,000. Finally, Wedbush Securities Inc. lifted its holdings in Caterpillar by 6.2% during the 4th quarter. Wedbush Securities Inc. now owns 15,621 shares of the industrial products company’s stock worth $1,985,000 after buying an additional 908 shares during the last quarter. 65.45% of the stock is owned by institutional investors.

Several analysts have recently weighed in on the company. UBS Group set a $125.00 target price on Caterpillar and gave the company a “sell” rating in a report on Friday, May 3rd. Zacks Investment Research raised Caterpillar from a “hold” rating to a “buy” rating and set a $157.00 price objective for the company in a research note on Tuesday, April 2nd. Bank of America set a $152.00 price objective on Caterpillar and gave the company a “buy” rating in a research note on Thursday, April 4th. Macquarie set a $115.00 price objective on Caterpillar and gave the company a “sell” rating in a research note on Tuesday, June 11th. Finally, Standpoint Research raised Caterpillar from a “hold” rating to a “buy” rating in a research note 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 issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $145.39.

Shares of Caterpillar stock traded up $0.31 during trading hours on Monday, reaching $136.60. 4,832,336 shares of the company’s stock were exchanged, compared to its average volume of 4,446,451. Caterpillar Inc. has a 52-week low of $112.06 and a 52-week high of $159.37. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.43 and a quick ratio of 0.98. The company has a market capitalization of $79.55 billion, a price-to-earnings ratio of 12.17, a price-to-earnings-growth ratio of 0.93 and a beta of 1.54. The company’s fifty day moving average is $126.96.

Caterpillar (NYSE:CAT) last posted its earnings results on Wednesday, April 24th. The industrial products company reported $2.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.84 by $0.10. The company had revenue of $13.47 billion during the quarter, compared to analysts’ expectations of $13.36 billion. Caterpillar had a net margin of 11.50% and a return on equity of 45.08%. Caterpillar’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.82 earnings per share. As a group, equities analysts forecast that Caterpillar Inc. will post 12.24 EPS for the current year.

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

Caterpillar 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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