ORG Partners LLC Has $231,000 Stock Holdings in Caterpillar Inc. (NYSE:CAT)

ORG Partners LLC decreased its position in shares of Caterpillar Inc. (NYSE:CAT) by 85.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 634 shares of the industrial products company’s stock after selling 3,854 shares during the period. ORG Partners LLC’s holdings in Caterpillar were worth $231,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in CAT. Partnership Wealth Management LLC bought a new position in Caterpillar during the 4th quarter worth $26,000. Richardson Financial Services Inc. bought a new position in Caterpillar during the 4th quarter worth $27,000. Thompson Investment Management Inc. bought a new position in shares of Caterpillar in the first quarter worth $27,000. Fairman Group LLC bought a new position in shares of Caterpillar in the first quarter worth $29,000. Finally, Gilfoyle & Co LLC bought a new position in shares of Caterpillar in the fourth quarter worth $30,000. Institutional investors own 70.98% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on CAT shares. Citigroup started coverage on Caterpillar in a research report on Wednesday, June 26th. They issued a “buy” rating and a $380.00 price target on the stock. Raymond James began coverage on Caterpillar in a research report on Friday, June 28th. They issued a “market perform” rating on the stock. Oppenheimer reiterated a “market perform” rating on shares of Caterpillar in a research report on Thursday, April 18th. JPMorgan Chase & Co. lifted their target price on Caterpillar from $385.00 to $435.00 and gave the company an “overweight” rating in a research report on Tuesday, April 16th. Finally, TD Cowen lifted their target price on Caterpillar from $338.00 to $340.00 and gave the company a “buy” rating in a research report on Friday, April 26th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $329.63.

Insider Buying and Selling

In related news, insider Lange Bob De sold 21,847 shares of Caterpillar stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $356.90, for a total value of $7,797,194.30. Following the transaction, the insider now directly owns 71,115 shares of the company’s stock, valued at $25,380,943.50. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Caterpillar news, insider Lange Bob De sold 21,847 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $356.90, for a total value of $7,797,194.30. Following the transaction, the insider now directly 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 is available through this link. Also, insider Cheryl H. Johnson sold 1,508 shares of the business’s stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $340.00, for a total value of $512,720.00. Following the completion of the transaction, the insider now directly owns 20,023 shares in the company, valued at $6,807,820. The disclosure for this sale can be found here. 0.33% of the stock is owned by insiders.

Caterpillar Trading Up 1.3 %

Shares of CAT stock traded up $4.32 during mid-day trading on Friday, reaching $335.45. 1,875,305 shares of the stock traded hands, compared to its average volume of 2,688,905. The stock’s fifty day simple moving average is $337.19 and its two-hundred day simple moving average is $331.43. Caterpillar Inc. has a 1-year low of $223.76 and a 1-year high of $382.01. The company has a market cap of $164.05 billion, a price-to-earnings ratio of 15.18, a price-to-earnings-growth ratio of 1.69 and a beta of 1.12. The company has a quick ratio of 0.83, a current ratio of 1.35 and a debt-to-equity ratio of 1.41.

Caterpillar (NYSE:CAT) last posted its quarterly earnings data on Thursday, April 25th. The industrial products company reported $5.60 EPS for the quarter, topping analysts’ consensus estimates of $5.12 by $0.48. The company had revenue of $15.80 billion for the quarter, compared to analyst estimates of $16.07 billion. Caterpillar had a return on equity of 58.61% and a net margin of 16.79%. On average, research analysts anticipate that Caterpillar Inc. will post 21.73 EPS for the current fiscal year.

Caterpillar Increases Dividend

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 $1.41 dividend. This is a positive change from Caterpillar’s previous quarterly dividend of $1.30. This represents a $5.64 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date of this dividend is Monday, July 22nd. Caterpillar’s payout ratio is currently 23.48%.

Caterpillar announced that its board has approved a stock buyback plan on Wednesday, June 12th that permits the company to buyback $20.00 billion in shares. This buyback authorization permits the industrial products company to buy up to 12.7% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

Caterpillar 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.