Shell Asset Management Co. lowered its position in shares of Caterpillar Inc. (NYSE:CAT) by 7.6% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 73,073 shares of the industrial products company’s stock after selling 6,038 shares during the quarter. Shell Asset Management Co.’s holdings in Caterpillar were worth $8,479,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Shine Investment Advisory Services Inc. lifted its position in Caterpillar by 143.1% during the 4th quarter. Shine Investment Advisory Services Inc. now owns 175 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 103 shares during the period. Capital Analysts LLC lifted its position in Caterpillar by 108.2% during the 1st quarter. Capital Analysts LLC now owns 229 shares of the industrial products company’s stock worth $27,000 after acquiring an additional 119 shares during the period. Private Ocean LLC lifted its position in Caterpillar by 62.9% during the 1st quarter. Private Ocean LLC now owns 259 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 100 shares during the period. Engrave Wealth Partners LLC acquired a new stake in Caterpillar during the 4th quarter worth about $32,000. Finally, Central Bank & Trust Co. acquired a new stake in Caterpillar during the 1st quarter worth about $33,000. 64.31% of the stock is owned by institutional investors.
Shares of Caterpillar stock traded down $1.59 on Friday, hitting $112.47. The company’s stock had a trading volume of 2,734,609 shares, compared to its average volume of 4,383,221. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.97 and a current ratio of 1.42. Caterpillar Inc. has a 1 year low of $87.50 and a 1 year high of $150.55. The firm has a fifty day moving average price of $114.00 and a 200-day moving average price of $130.00. The company has a market capitalization of $61.73 billion, a price-to-earnings ratio of 11.91, a price-to-earnings-growth ratio of 1.90 and a beta of 1.10.
Caterpillar (NYSE:CAT) last posted its quarterly earnings data on Tuesday, April 28th. The industrial products company reported $1.60 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.69 by ($0.09). Caterpillar had a return on equity of 37.15% and a net margin of 10.41%. The firm had revenue of $10.64 billion during the quarter, compared to analyst estimates of $10.98 billion. During the same quarter in the previous year, the firm posted $2.94 earnings per share. The company’s quarterly revenue was down 21.0% on a year-over-year basis. As a group, analysts forecast that Caterpillar Inc. will post 4.99 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 20th. Investors of record on Monday, April 20th were issued a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 3.66%. The ex-dividend date was Friday, April 17th. Caterpillar’s payout ratio is 37.25%.
CAT has been the subject of a number of recent research reports. Barclays reiterated a “hold” rating and set a $140.00 price objective on shares of Caterpillar in a research note on Thursday, April 16th. Cfra reduced their price objective on Caterpillar from $120.00 to $101.00 and set a “sell” rating for the company in a research note on Tuesday, April 28th. Stifel Nicolaus upgraded Caterpillar from a “hold” rating to a “buy” rating and reduced their price objective for the company from $140.00 to $137.00 in a research note on Monday, March 16th. JPMorgan Chase & Co. set a $150.00 price objective on Caterpillar and gave the company a “buy” rating in a research note on Tuesday, April 28th. Finally, Morgan Stanley lowered Caterpillar from an “equal weight” rating to an “underweight” rating and set a $93.00 price objective for the company. in a research note on Monday, April 27th. Seven equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $127.63.
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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