Lido Advisors LLC reduced its stake in Caterpillar Inc. (NYSE:CAT) by 11.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,417 shares of the industrial products company’s stock after selling 1,442 shares during the quarter. Lido Advisors LLC’s holdings in Caterpillar were worth $1,325,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of CAT. Shine Investment Advisory Services Inc. lifted its position in shares of Caterpillar by 143.1% in the fourth quarter. Shine Investment Advisory Services Inc. now owns 175 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 103 shares in the last quarter. Capital Analysts LLC lifted its position in Caterpillar by 108.2% during the first quarter. Capital Analysts LLC now owns 229 shares of the industrial products company’s stock worth $27,000 after buying an additional 119 shares during the period. Private Ocean LLC lifted its position in Caterpillar by 62.9% during the first quarter. Private Ocean LLC now owns 259 shares of the industrial products company’s stock worth $30,000 after buying an additional 100 shares during the period. Engrave Wealth Partners LLC purchased a new position in Caterpillar during the fourth quarter worth about $32,000. Finally, Central Bank & Trust Co. purchased a new position in Caterpillar during the first quarter worth about $33,000. Institutional investors and hedge funds own 64.07% of the company’s stock.
NYSE:CAT traded up $2.58 during trading hours on Tuesday, reaching $123.08. 405,495 shares of the stock were exchanged, compared to its average volume of 4,040,598. The company has a quick ratio of 0.97, a current ratio of 1.42 and a debt-to-equity ratio of 1.71. The firm has a 50 day simple moving average of $113.61 and a 200-day simple moving average of $128.56. Caterpillar Inc. has a 52 week low of $87.50 and a 52 week high of $150.55. The stock has a market capitalization of $65.99 billion, a P/E ratio of 13.00, a P/E/G ratio of 2.03 and a beta of 1.10.
Caterpillar (NYSE:CAT) last released its earnings results on Tuesday, April 28th. The industrial products company reported $1.60 EPS for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $10.98 billion. During the same period in the prior year, the business earned $2.94 EPS. The company’s quarterly revenue was down 21.0% on a year-over-year basis. As a group, analysts expect that Caterpillar Inc. will post 4.94 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, May 20th. Shareholders of record on Monday, April 20th were issued a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date of this dividend was Friday, April 17th. Caterpillar’s dividend payout ratio is presently 37.25%.
Several equities analysts recently weighed in on the company. UBS Group increased their target price on Caterpillar from $100.00 to $112.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Citigroup reduced their target price on Caterpillar from $130.00 to $125.00 and set a “buy” rating on the stock in a research report on Tuesday, March 31st. Barclays reiterated a “hold” rating and set a $140.00 target price on shares of Caterpillar in a research report on Thursday, April 16th. Stephens cut their price objective on Caterpillar from $100.00 to $80.00 and set an “underweight” rating on the stock in a report on Thursday, April 9th. Finally, Morgan Stanley downgraded Caterpillar from an “equal weight” rating to an “underweight” rating and set a $93.00 price objective on the stock. in a report on Monday, April 27th. Seven investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the stock. Caterpillar currently has an average rating of “Hold” and an average price target of $127.63.
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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