Delta Asset Management LLC TN Acquires 121 Shares of Caterpillar Inc. (NYSE:CAT)


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Delta Asset Management LLC TN lifted its position in shares of Caterpillar Inc. (NYSE:CAT) by 0.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 66,388 shares of the industrial products company’s stock after purchasing an additional 121 shares during the period. Caterpillar accounts for about 1.6% of Delta Asset Management LLC TN’s holdings, making the stock its 22nd biggest position. Delta Asset Management LLC TN’s holdings in Caterpillar were worth $15,393,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD increased its holdings in Caterpillar by 109.1% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 13,041,360 shares of the industrial products company’s stock worth $2,373,788,000 after buying an additional 6,803,900 shares during the last quarter. Fisher Asset Management LLC increased its position in Caterpillar by 3.7% during the 1st quarter. Fisher Asset Management LLC now owns 6,414,634 shares of the industrial products company’s stock valued at $1,487,361,000 after purchasing an additional 226,607 shares during the period. FMR LLC grew its position in shares of Caterpillar by 42.3% in the 4th quarter. FMR LLC now owns 6,019,787 shares of the industrial products company’s stock worth $1,095,721,000 after buying an additional 1,788,783 shares during the period. Morgan Stanley grew its position in shares of Caterpillar by 11.9% in the 4th quarter. Morgan Stanley now owns 4,867,473 shares of the industrial products company’s stock worth $885,977,000 after buying an additional 519,151 shares during the period. Finally, Norges Bank purchased a new stake in shares of Caterpillar in the 4th quarter worth about $878,514,000. 67.48% of the stock is currently owned by institutional investors.

NYSE:CAT opened at $228.17 on Tuesday. The stock’s 50 day moving average price is $229.81 and its 200 day moving average price is $196.91. Caterpillar Inc. has a 52-week low of $100.22 and a 52-week high of $237.78. The company has a market capitalization of $124.42 billion, a PE ratio of 37.97, a P/E/G ratio of 2.14 and a beta of 0.97. The company has a quick ratio of 1.08, a current ratio of 1.54 and a debt-to-equity ratio of 1.74.

Caterpillar (NYSE:CAT) last announced its earnings results on Thursday, April 29th. The industrial products company reported $2.87 earnings per share for the quarter, beating the consensus estimate of $1.93 by $0.94. Caterpillar had a return on equity of 25.24% and a net margin of 7.60%. The company had revenue of $11.89 billion for the quarter, compared to the consensus estimate of $11 billion. During the same period last year, the business posted $1.60 EPS. The company’s revenue was up 11.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Caterpillar Inc. will post 5.44 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 20th. Shareholders of record on Monday, April 26th will be paid a $1.03 dividend. The ex-dividend date of this dividend is Friday, April 23rd. This represents a $4.12 annualized dividend and a dividend yield of 1.81%. Caterpillar’s dividend payout ratio (DPR) is currently 37.25%.

A number of research firms have recently weighed in on CAT. Jefferies Financial Group upped their target price on shares of Caterpillar from $160.00 to $200.00 and gave the stock a “hold” rating in a research report on Friday, January 15th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Caterpillar from $232.00 to $259.00 and gave the stock a “buy” rating in a research note on Monday, April 19th. Vertical Research began coverage on shares of Caterpillar in a research note on Wednesday, January 20th. They issued a “buy” rating and a $230.00 price target on the stock. JPMorgan Chase & Co. upped their price target on shares of Caterpillar from $205.00 to $237.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 3rd. Finally, Citigroup upped their target price on shares of Caterpillar from $205.00 to $245.00 in a research note on Tuesday, March 16th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and ten have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $205.37.

In other news, CAO Gary Michael Marvel sold 5,056 shares of the firm’s stock in a transaction that occurred on Monday, March 8th. The stock was sold at an average price of $220.97, for a total value of $1,117,224.32. Following the completion of the sale, the chief accounting officer now directly owns 5,623 shares of the company’s stock, valued at approximately $1,242,514.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Suzette M. Long sold 59,311 shares of the firm’s stock in a transaction that occurred on Monday, March 8th. The shares were sold at an average price of $219.67, for a total value of $13,028,847.37. Following the completion of the sale, the general counsel now directly owns 33,320 shares of the company’s stock, valued at $7,319,404.40. The disclosure for this sale can be found here. Insiders sold a total of 145,062 shares of company stock worth $31,884,447 over the last quarter. Company insiders own 0.31% of the company’s stock.

Caterpillar Company Profile

Caterpillar Inc manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives worldwide. Its Construction Industries segment offers asphalt pavers, compactors, cold planers, motorgraders, pipelayers, road reclaimers, telehandlers, and utility vehicles; backhoe, 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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