Markston International LLC lessened its position in Caterpillar Inc. (NYSE:CAT) by 4.4% in the 1st quarter, HoldingsChannel reports. The fund owned 19,770 shares of the industrial products company’s stock after selling 900 shares during the period. Markston International LLC’s holdings in Caterpillar were worth $2,678,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of CAT. Oakworth Capital Inc. increased its stake in shares of Caterpillar by 11.0% during the 1st quarter. Oakworth Capital Inc. now owns 808 shares of the industrial products company’s stock worth $109,000 after purchasing an additional 80 shares during the last quarter. Cambridge Trust Co. increased its stake in shares of Caterpillar by 3.5% during the 1st quarter. Cambridge Trust Co. now owns 2,425 shares of the industrial products company’s stock worth $329,000 after purchasing an additional 83 shares during the last quarter. Highland Private Wealth Management increased its stake in shares of Caterpillar by 4.9% during the 1st quarter. Highland Private Wealth Management now owns 1,860 shares of the industrial products company’s stock worth $252,000 after purchasing an additional 87 shares during the last quarter. Avestar Capital LLC increased its stake in shares of Caterpillar by 9.0% during the 1st quarter. Avestar Capital LLC now owns 1,050 shares of the industrial products company’s stock worth $117,000 after purchasing an additional 87 shares during the last quarter. Finally, YorkBridge Wealth Partners LLC increased its stake in shares of Caterpillar by 5.0% during the 1st quarter. YorkBridge Wealth Partners LLC now owns 1,865 shares of the industrial products company’s stock worth $253,000 after purchasing an additional 88 shares during the last quarter. Institutional investors and hedge funds own 65.66% of the company’s stock.

NYSE:CAT opened at $127.23 on Friday. Caterpillar Inc. has a 1 year low of $112.06 and a 1 year high of $159.37. The company has a current ratio of 1.43, a quick ratio of 0.98 and a debt-to-equity ratio of 1.57. The firm has a market capitalization of $72.73 billion, a P/E ratio of 11.34, a PEG ratio of 0.87 and a beta of 1.52.

Caterpillar (NYSE:CAT) last posted its earnings results on Wednesday, April 24th. The industrial products company reported $2.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business posted $2.82 EPS. Caterpillar’s revenue was up 4.7% compared to the same quarter last year. Research analysts forecast that Caterpillar Inc. will post 12.24 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 20th. Shareholders of record on Monday, July 22nd will be issued a $1.03 dividend. The ex-dividend date of this dividend is Friday, July 19th. This is an increase from Caterpillar’s previous quarterly dividend of $0.86. This represents a $4.12 dividend on an annualized basis and a yield of 3.24%. Caterpillar’s dividend payout ratio is 30.66%.

Several research analysts have recently commented on the stock. UBS Group lowered shares of Caterpillar from a “buy” rating to a “sell” rating and dropped their price target for the stock from $154.00 to $125.00 in a research note on Tuesday, February 26th. Bank of America set a $152.00 price target on shares of Caterpillar and gave the stock a “buy” rating in a research note on Thursday, April 4th. Deutsche Bank lowered shares of Caterpillar from a “buy” rating to a “hold” rating and dropped their price target for the stock from $152.00 to $128.00 in a research note on Wednesday, April 3rd. Zacks Investment Research upgraded shares of Caterpillar from a “hold” rating to a “buy” rating and set a $157.00 price target on the stock in a research note on Tuesday, April 2nd. Finally, ValuEngine upgraded shares of Caterpillar from a “sell” rating to a “hold” rating in a research note on Wednesday, May 1st. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and fourteen have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $145.39.

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Caterpillar Company 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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