Hillsdale Investment Management Inc. Sells 190 Shares of Caterpillar Inc. (NYSE:CAT)

Hillsdale Investment Management Inc. lessened its holdings in Caterpillar Inc. (NYSE:CAT) by 27.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 500 shares of the industrial products company’s stock after selling 190 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in Caterpillar were worth $148,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Norges Bank acquired a new stake in shares of Caterpillar in the 4th quarter valued at approximately $1,660,560,000. International Assets Investment Management LLC raised its position in shares of Caterpillar by 28,603.5% in the 4th quarter. International Assets Investment Management LLC now owns 1,494,018 shares of the industrial products company’s stock valued at $4,417,360,000 after acquiring an additional 1,488,813 shares during the period. Capital Wealth Planning LLC raised its position in shares of Caterpillar by 27,495.2% in the 4th quarter. Capital Wealth Planning LLC now owns 1,182,453 shares of the industrial products company’s stock valued at $349,616,000 after acquiring an additional 1,178,168 shares during the period. Winslow Capital Management LLC raised its position in shares of Caterpillar by 2,265.3% in the 3rd quarter. Winslow Capital Management LLC now owns 1,117,830 shares of the industrial products company’s stock valued at $305,168,000 after acquiring an additional 1,070,570 shares during the period. Finally, FMR LLC raised its holdings in Caterpillar by 14.9% during the 3rd quarter. FMR LLC now owns 6,038,207 shares of the industrial products company’s stock worth $1,648,431,000 after buying an additional 781,111 shares during the period. Institutional investors own 70.98% of the company’s stock.

Caterpillar Trading Down 1.0 %

CAT stock opened at $359.16 on Wednesday. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.35 and a quick ratio of 0.83. The company has a fifty day moving average price of $356.48 and a two-hundred day moving average price of $313.06. Caterpillar Inc. has a one year low of $205.60 and a one year high of $382.01. The stock has a market cap of $175.65 billion, a price-to-earnings ratio of 16.21, a price-to-earnings-growth ratio of 1.55 and a beta of 1.19.

Caterpillar (NYSE:CAT) last announced its earnings results on Thursday, April 25th. The industrial products company reported $5.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.12 by $0.48. The company had revenue of $15.80 billion during the quarter, compared to analysts’ expectations of $16.07 billion. Caterpillar had a net margin of 16.79% and a return on equity of 58.61%. Equities analysts anticipate that Caterpillar Inc. will post 21.8 EPS for the current year.

Caterpillar Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, May 20th. Stockholders of record on Monday, April 22nd were given a $1.30 dividend. The ex-dividend date was Friday, April 19th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 1.45%. Caterpillar’s payout ratio is presently 23.48%.

Wall Street Analysts Forecast Growth

Several analysts have commented on CAT shares. Robert W. Baird raised their target price on shares of Caterpillar from $210.00 to $257.00 and gave the stock an “underperform” rating in a report on Tuesday, February 6th. StockNews.com downgraded shares of Caterpillar from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 20th. Citigroup raised their target price on shares of Caterpillar from $255.00 to $340.00 and gave the stock a “neutral” rating in a report on Monday, February 12th. Evercore ISI downgraded shares of Caterpillar from an “outperform” rating to an “in-line” rating and lifted their price objective for the company from $321.00 to $338.00 in a report on Tuesday, February 20th. Finally, Oppenheimer reiterated a “market perform” rating on shares of Caterpillar in a report on Thursday, April 18th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $323.35.

Insider Activity

In related news, Director David Maclennan purchased 350 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was acquired at an average price of $323.37 per share, with a total value of $113,179.50. Following the completion of the purchase, the director now directly owns 5,238 shares in the company, valued at $1,693,812.06. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Caterpillar news, insider Lange Bob De sold 21,847 shares of the business’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $356.90, for a total transaction of $7,797,194.30. Following the completion of the transaction, the insider now owns 71,115 shares of the company’s stock, valued at $25,380,943.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director David Maclennan bought 350 shares of the stock in a transaction on Friday, February 23rd. The shares were acquired at an average cost of $323.37 per share, with a total value of $113,179.50. Following the purchase, the director now owns 5,238 shares of the company’s stock, valued at approximately $1,693,812.06. The disclosure for this purchase can be found here. 0.33% of the stock is currently owned by company insiders.

Caterpillar Company Profile

Caterpillar Inc manufactures and sells construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives in worldwide. Its Construction Industries segment offers asphalt pavers, compactors, road reclaimers, forestry machines, cold planers, material handlers, track-type tractors, excavators, telehandlers, motor graders, and pipelayers; compact track, wheel, track-type, backhoe, and skid steer loaders; and related parts and tools.