Hellman Jordan Management Co. Inc. MA trimmed its stake in shares of Caterpillar Inc. (NYSE:CAT) by 13.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,320 shares of the industrial products company’s stock after selling 500 shares during the quarter. Hellman Jordan Management Co. Inc. MA’s holdings in Caterpillar were worth $450,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Loeb Partners Corp bought a new stake in shares of Caterpillar in the 4th quarter worth approximately $25,000. Clarfeld Financial Advisors LLC bought a new stake in shares of Caterpillar in the 4th quarter worth approximately $26,000. Paragon Capital Management LLC bought a new stake in shares of Caterpillar in the 1st quarter worth approximately $40,000. PRW Wealth Management LLC bought a new stake in shares of Caterpillar in the 4th quarter worth approximately $43,000. Finally, Legacy Advisors LLC bought a new stake in shares of Caterpillar in the 1st quarter worth approximately $47,000. Institutional investors and hedge funds own 65.66% of the company’s stock.

A number of equities research analysts have recently weighed in on CAT shares. UBS Group lowered Caterpillar from a “buy” rating to a “sell” rating and cut their price objective for the stock from $154.00 to $125.00 in a research report on Tuesday, February 26th. ValuEngine upgraded Caterpillar from a “sell” rating to a “hold” rating in a research report on Friday, March 1st. Zacks Investment Research lowered Caterpillar from a “hold” rating to a “sell” rating in a research report on Tuesday, March 5th. Deutsche Bank lowered Caterpillar from a “buy” rating to a “hold” rating and cut their price objective for the stock from $152.00 to $128.00 in a research report on Wednesday, April 3rd. Finally, Bank of America set a $152.00 price objective on Caterpillar and gave the stock a “buy” rating in a research report on Thursday, April 4th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and fourteen have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $145.39.

Shares of CAT traded up $0.06 on Friday, reaching $127.23. The stock had a trading volume of 2,530,119 shares, compared to its average volume of 4,077,035. The stock has a market cap of $72.76 billion, a PE ratio of 11.34, a PEG ratio of 0.87 and a beta of 1.52. The company has a quick ratio of 0.98, a current ratio of 1.43 and a debt-to-equity ratio of 1.57. Caterpillar Inc. has a 12-month low of $112.06 and a 12-month high of $159.37.

Caterpillar (NYSE:CAT) last released its earnings results on Wednesday, April 24th. The industrial products company reported $2.94 EPS for the quarter, beating the Zacks’ consensus estimate of $2.84 by $0.10. The company had revenue of $13.47 billion during the quarter, compared to analysts’ expectations of $13.36 billion. Caterpillar had a return on equity of 45.08% and a net margin of 11.50%. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter last year, the business posted $2.82 EPS. Equities analysts anticipate that Caterpillar Inc. will post 12.24 EPS for the current year.

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

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About Caterpillar

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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