Huber Financial Advisors LLC lifted its stake in Caterpillar Inc. (NYSE:CAT) by 3.5% during the first quarter, Holdings Channel reports. The firm owned 4,887 shares of the industrial products company’s stock after purchasing an additional 164 shares during the period. Huber Financial Advisors LLC’s holdings in Caterpillar were worth $662,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Loeb Partners Corp bought a new position in shares of Caterpillar in the fourth quarter worth about $25,000. Clarfeld Financial Advisors LLC bought a new position in Caterpillar during the 4th quarter worth about $26,000. Bartlett & Co. LLC grew its holdings in Caterpillar by 150.0% during the 4th quarter. Bartlett & Co. LLC now owns 250 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 150 shares in the last quarter. Paragon Capital Management LLC bought a new position in Caterpillar during the 1st quarter worth about $40,000. Finally, PRW Wealth Management LLC bought a new position in Caterpillar during the 4th quarter worth about $43,000. Hedge funds and other institutional investors own 67.07% of the company’s stock.

Several research analysts have issued reports on CAT shares. Zacks Investment Research cut shares of Caterpillar from a “hold” rating to a “sell” rating in a report on Tuesday, March 5th. BMO Capital Markets dropped their target price on shares of Caterpillar to $160.00 and set an “outperform” rating on the stock in a report on Monday, February 4th. Standpoint Research upgraded shares of Caterpillar from a “sell” rating to an “accumulate” rating and set a $117.85 target price on the stock in a report on Wednesday, December 26th. Royal Bank of Canada dropped their target price on shares of Caterpillar from $142.00 to $140.00 and set a “sector perform” rating on the stock in a report on Tuesday, January 29th. They noted that the move was a valuation call. Finally, Credit Suisse Group dropped their target price on shares of Caterpillar from $183.00 to $173.00 and set an “outperform” rating on the stock in a report on Friday, January 18th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and fourteen have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $146.71.

CAT stock opened at $142.38 on Tuesday. The stock has a market cap of $82.51 billion, a price-to-earnings ratio of 12.69, a PEG ratio of 0.75 and a beta of 1.46. Caterpillar Inc. has a one year low of $112.06 and a one year high of $161.60. The company has a quick ratio of 0.96, a current ratio of 1.37 and a debt-to-equity ratio of 1.78.

Caterpillar (NYSE:CAT) last released its quarterly earnings results on Monday, January 28th. The industrial products company reported $2.55 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.98 by ($0.43). The firm had revenue of $14.34 billion for the quarter, compared to analysts’ expectations of $14.36 billion. Caterpillar had a net margin of 11.23% and a return on equity of 45.31%. The business’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same period in the previous year, the company posted $2.16 earnings per share. Analysts predict that Caterpillar Inc. will post 12.19 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, May 20th. Shareholders of record on Monday, April 22nd will be given a dividend of $0.86 per share. This represents a $3.44 annualized dividend and a dividend yield of 2.42%. The ex-dividend date of this dividend is Thursday, April 18th. Caterpillar’s payout ratio is 30.66%.

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Caterpillar Profile

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

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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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