Caterpillar Inc. $CAT Shares Sold by Radnor Capital Management LLC

Radnor Capital Management LLC decreased its holdings in Caterpillar Inc. (NYSE:CAT) by 15.2% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 7,091 shares of the industrial products company’s stock after selling 1,275 shares during the quarter. Caterpillar accounts for 1.1% of Radnor Capital Management LLC’s holdings, making the stock its 18th largest position. Radnor Capital Management LLC’s holdings in Caterpillar were worth $7,551,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Lam Group Inc. acquired a new position in shares of Caterpillar in the 1st quarter worth $26,000. Torren Management LLC acquired a new position in shares of Caterpillar in the 4th quarter valued at $27,000. Frazier Financial Advisors LLC boosted its position in shares of Caterpillar by 220.0% in the 4th quarter. Frazier Financial Advisors LLC now owns 48 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 33 shares during the period. Decker Retirement Planning Inc. increased its stake in Caterpillar by 440.0% in the 2nd quarter. Decker Retirement Planning Inc. now owns 27 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 22 shares in the last quarter. Finally, Cornerstone Financial Management LLC acquired a new stake in Caterpillar during the 4th quarter worth about $32,000. Institutional investors and hedge funds own 70.98% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Wall Street Zen upgraded shares of Caterpillar from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Citigroup upped their price target on shares of Caterpillar from $1,020.00 to $1,100.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. Argus raised their price objective on shares of Caterpillar from $820.00 to $990.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. Robert W. Baird set a $970.00 target price on shares of Caterpillar in a research note on Wednesday, August 5th. Finally, UBS Group increased their target price on Caterpillar from $900.00 to $925.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $995.52.

Caterpillar Trading Up 3.2%

NYSE CAT opened at $883.90 on Tuesday. Caterpillar Inc. has a 1-year low of $405.46 and a 1-year high of $1,073.46. The company has a current ratio of 1.37, a quick ratio of 0.85 and a debt-to-equity ratio of 1.65. The company has a market capitalization of $406.30 billion, a PE ratio of 38.03, a price-to-earnings-growth ratio of 1.53 and a beta of 1.60. The firm’s fifty day simple moving average is $914.46 and its 200-day simple moving average is $829.59.

Caterpillar (NYSE:CAT) last released its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $8.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.22 by $1.95. Caterpillar had a return on equity of 55.53% and a net margin of 14.51%.The firm had revenue of $20.54 billion during the quarter, compared to analysts’ expectations of $19.34 billion. During the same quarter last year, the firm earned $4.72 earnings per share. The business’s revenue for the quarter was up 23.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Caterpillar Inc. will post 26.56 earnings per share for the current fiscal year.

Caterpillar Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 19th. Stockholders of record on Monday, July 20th will be issued a dividend of $1.63 per share. The ex-dividend date is Monday, July 20th. This represents a $6.52 annualized dividend and a dividend yield of 0.7%. This is a positive change from Caterpillar’s previous quarterly dividend of $1.51. Caterpillar’s dividend payout ratio is presently 28.06%.

Caterpillar Profile

Caterpillar Inc is a global manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and locomotives. The company’s product portfolio includes earthmoving machines such as excavators, bulldozers, wheel loaders and off‑highway trucks, as well as a range of power generation products including generator sets and power systems for industrial and commercial use. Caterpillar serves customers across heavy construction, mining, energy, transportation and related industries with both equipment and integrated technology solutions.

In addition to manufacturing, Caterpillar provides a broad range of aftermarket parts and support services, including maintenance, repair, remanufacturing and fleet management tools.