Freestone Capital Holdings LLC increased its position in Caterpillar Inc. (NYSE:CAT) by 16.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,990 shares of the industrial products company’s stock after acquiring an additional 2,812 shares during the period. Freestone Capital Holdings LLC’s holdings in Caterpillar were worth $2,708,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of CAT. Loeb Partners Corp acquired a new stake in shares of Caterpillar during the 4th quarter valued at about $25,000. Clarfeld Financial Advisors LLC acquired a new stake in Caterpillar in the 4th quarter worth about $26,000. Paragon Capital Management LLC acquired a new stake in Caterpillar in the 1st quarter worth about $40,000. PRW Wealth Management LLC acquired a new stake in Caterpillar in the 4th quarter worth about $43,000. Finally, Legacy Advisors LLC acquired a new stake in Caterpillar in the 1st quarter worth about $47,000. Institutional investors own 65.64% of the company’s stock.

CAT opened at $120.65 on Tuesday. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.98 and a current ratio of 1.43. Caterpillar Inc. has a 1-year low of $112.06 and a 1-year high of $159.37. The company has a market capitalization of $68.52 billion, a price-to-earnings ratio of 10.75, a price-to-earnings-growth ratio of 0.82 and a beta of 1.51.

Caterpillar (NYSE:CAT) last released its earnings results on Wednesday, April 24th. The industrial products company reported $2.94 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.84 by $0.10. Caterpillar had a net margin of 11.50% and a return on equity of 45.08%. The business had revenue of $13.47 billion for the quarter, compared to analyst estimates of $13.36 billion. During the same period last year, the company posted $2.82 EPS. The business’s revenue was up 4.7% on a year-over-year basis. Sell-side analysts forecast that Caterpillar Inc. will post 12.24 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 20th. Shareholders of record on Monday, July 22nd will be paid a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 3.41%. This is a positive change from Caterpillar’s previous quarterly dividend of $0.86. The ex-dividend date is Friday, July 19th. Caterpillar’s dividend payout ratio (DPR) is 30.66%.

CAT has been the topic of several research analyst reports. Zacks Investment Research cut Caterpillar from a “hold” rating to a “sell” rating in a report on Tuesday, March 5th. BMO Capital Markets lowered their price objective on Caterpillar to $160.00 and set an “outperform” rating on the stock in a report on Monday, February 4th. UBS Group set a $125.00 price objective on Caterpillar and gave the stock a “sell” rating in a report on Friday, May 3rd. ValuEngine cut Caterpillar from a “hold” rating to a “sell” rating in a report on Wednesday, May 8th. Finally, Deutsche Bank cut Caterpillar from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $152.00 to $128.00 in a report on Wednesday, April 3rd. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. Caterpillar has an average rating of “Hold” and an average price target of $144.89.

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Caterpillar 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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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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