Cascade Investment Advisors Inc. Has $1.59 Million Stock Holdings in Caterpillar Inc. (NYSE:CAT)

Cascade Investment Advisors Inc. lifted its holdings in Caterpillar Inc. (NYSE:CATGet Rating) by 4.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 7,708 shares of the industrial products company’s stock after acquiring an additional 315 shares during the quarter. Cascade Investment Advisors Inc.’s holdings in Caterpillar were worth $1,594,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of CAT. Cornell Pochily Investment Advisors Inc. grew its position in Caterpillar by 0.7% during the 4th quarter. Cornell Pochily Investment Advisors Inc. now owns 6,784 shares of the industrial products company’s stock worth $1,403,000 after acquiring an additional 46 shares during the last quarter. Indiana Trust & Investment Management CO lifted its holdings in Caterpillar by 1.5% during the 4th quarter. Indiana Trust & Investment Management CO now owns 3,396 shares of the industrial products company’s stock worth $702,000 after buying an additional 50 shares in the last quarter. Curated Wealth Partners LLC lifted its holdings in Caterpillar by 3.6% during the 4th quarter. Curated Wealth Partners LLC now owns 1,453 shares of the industrial products company’s stock worth $303,000 after buying an additional 50 shares in the last quarter. REDW Wealth LLC lifted its holdings in Caterpillar by 2.7% during the 4th quarter. REDW Wealth LLC now owns 1,878 shares of the industrial products company’s stock worth $388,000 after buying an additional 50 shares in the last quarter. Finally, Stonebridge Capital Advisors LLC lifted its holdings in Caterpillar by 1.6% during the 3rd quarter. Stonebridge Capital Advisors LLC now owns 3,198 shares of the industrial products company’s stock worth $614,000 after buying an additional 51 shares in the last quarter. 67.44% of the stock is owned by institutional investors and hedge funds.

Caterpillar stock traded up $1.30 during mid-day trading on Friday, hitting $204.33. 2,323,800 shares of the company’s stock were exchanged, compared to its average volume of 3,298,191. The company’s 50 day simple moving average is $217.68 and its 200-day simple moving average is $209.25. The firm has a market capitalization of $108.98 billion, a P/E ratio of 17.13, a PEG ratio of 1.36 and a beta of 0.94. The company has a quick ratio of 0.93, a current ratio of 1.44 and a debt-to-equity ratio of 1.48. Caterpillar Inc. has a fifty-two week low of $179.67 and a fifty-two week high of $246.69.

Caterpillar (NYSE:CATGet Rating) last released its earnings results on Thursday, April 28th. The industrial products company reported $2.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.60 by $0.28. The firm had revenue of $13.60 billion during the quarter, compared to analysts’ expectations of $13.49 billion. Caterpillar had a return on equity of 35.10% and a net margin of 12.33%. The company’s revenue was up 14.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.87 EPS. Research analysts expect that Caterpillar Inc. will post 12.54 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, May 20th. Shareholders of record on Monday, April 25th will be issued a dividend of $1.11 per share. This represents a $4.44 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date of this dividend is Friday, April 22nd. Caterpillar’s dividend payout ratio (DPR) is presently 37.22%.

CAT has been the topic of several research reports. JPMorgan Chase & Co. upped their price objective on Caterpillar from $241.00 to $257.00 and gave the stock an “overweight” rating in a report on Monday, March 28th. StockNews.com initiated coverage on Caterpillar in a report on Thursday, March 31st. They set a “hold” rating on the stock. Credit Suisse Group reduced their price objective on Caterpillar from $275.00 to $255.00 and set an “outperform” rating on the stock in a report on Monday, January 31st. Jefferies Financial Group raised Caterpillar from a “hold” rating to a “buy” rating and increased their price target for the company from $215.00 to $260.00 in a research note on Tuesday, March 8th. Finally, Wells Fargo & Company initiated coverage on Caterpillar in a research note on Friday, March 11th. They issued an “equal weight” rating and a $231.00 price target on the stock. One investment analyst has rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, Caterpillar presently has a consensus rating of “Buy” and an average price target of $241.20.

In other news, General Counsel Suzette M. Long sold 3,816 shares of the firm’s stock in a transaction dated Wednesday, April 20th. The stock was sold at an average price of $235.00, for a total value of $896,760.00. Following the completion of the transaction, the general counsel now owns 10,549 shares in the company, valued at approximately $2,479,015. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David Maclennan acquired 600 shares of the firm’s stock in a transaction dated Thursday, May 5th. The stock was bought at an average price of $219.82 per share, with a total value of $131,892.00. Following the acquisition, the director now directly owns 2,480 shares in the company, valued at $545,153.60. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 49,850 shares of company stock valued at $11,087,916. Corporate insiders own 0.18% of the company’s stock.

About Caterpillar (Get Rating)

Caterpillar Inc manufactures and sells construction and mining equipment, diesel and natural gas engines, and industrial gas turbines worldwide. Its Construction Industries segment offers asphalt pavers, backhoe loaders, compactors, cold planers, compact track and multi-terrain loaders, excavators, motorgraders, pipelayers, road reclaimers, site prep tractors, skid steer loaders, telehandlers, and utility vehicles; mini, small, medium, and large excavators; compact, small, and medium wheel loaders; track-type tractors and loaders; and wheel excavators.

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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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