HORAN Wealth LLC Has $1.89 Million Stock Holdings in Caterpillar Inc. $CAT

HORAN Wealth LLC increased its position in Caterpillar Inc. (NYSE:CAT) by 100.0% during the first quarter, Holdings Channel reports. The firm owned 2,810 shares of the industrial products company’s stock after buying an additional 1,405 shares during the quarter. HORAN Wealth LLC’s holdings in Caterpillar were worth $1,889,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Wilkerson Advisory Group LLC boosted its stake in shares of Caterpillar by 4.1% during the 1st quarter. Wilkerson Advisory Group LLC now owns 7,380 shares of the industrial products company’s stock worth $5,228,000 after acquiring an additional 291 shares during the period. Dale Q Rice Investment Management Ltd increased its holdings in shares of Caterpillar by 21.2% during the 1st quarter. Dale Q Rice Investment Management Ltd now owns 1,144 shares of the industrial products company’s stock worth $810,000 after acquiring an additional 200 shares during the last quarter. DUTCH ASSET Corp lifted its holdings in Caterpillar by 50.3% during the 1st quarter. DUTCH ASSET Corp now owns 923 shares of the industrial products company’s stock valued at $654,000 after purchasing an additional 309 shares during the last quarter. Atlantic Family Wealth LLC bought a new position in Caterpillar during the first quarter worth $207,000. Finally, Rice Partnership LLC increased its holdings in shares of Caterpillar by 170.6% in the first quarter. Rice Partnership LLC now owns 10,528 shares of the industrial products company’s stock valued at $7,459,000 after purchasing an additional 6,638 shares during the last quarter. Institutional investors own 70.98% of the company’s stock.

Insider Buying and Selling at Caterpillar

In other Caterpillar news, insider Denise C. Johnson sold 12,605 shares of the stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $907.91, for a total transaction of $11,444,205.55. Following the sale, the insider directly owned 49,825 shares in the company, valued at $45,236,615.75. This represents a 20.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Anthony D. Fassino sold 16,283 shares of the firm’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $916.80, for a total transaction of $14,928,254.40. Following the completion of the transaction, the insider directly owned 46,041 shares in the company, valued at approximately $42,210,388.80. This represents a 26.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 95,773 shares of company stock valued at $87,642,635 over the last three months. 0.33% of the stock is owned by insiders.

Caterpillar Price Performance

Caterpillar stock opened at $864.72 on Tuesday. The firm has a market cap of $398.28 billion, a PE ratio of 43.04, a price-to-earnings-growth ratio of 1.72 and a beta of 1.57. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.35 and a quick ratio of 0.81. The stock’s fifty day moving average price is $930.07 and its two-hundred day moving average price is $796.99. Caterpillar Inc. has a one year low of $405.46 and a one year high of $1,073.46.

Caterpillar (NYSE:CAT) last released its earnings results on Thursday, April 30th. The industrial products company reported $5.54 earnings per share for the quarter, beating analysts’ consensus estimates of $4.65 by $0.89. The firm had revenue of $17.41 billion during the quarter, compared to the consensus estimate of $16.53 billion. Caterpillar had a return on equity of 48.21% and a net margin of 13.33%.The company’s revenue was up 22.2% compared to the same quarter last year. During the same period in the prior year, the company posted $4.25 EPS. As a group, research analysts expect that Caterpillar Inc. will post 24.87 EPS for the current fiscal year.

Caterpillar Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 19th. Investors of record on Monday, July 20th will be given a dividend of $1.63 per share. This is a positive change from Caterpillar’s previous quarterly dividend of $1.51. This represents a $6.52 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Monday, July 20th. Caterpillar’s dividend payout ratio (DPR) is currently 30.06%.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Rothschild & Co Redburn lifted their target price on shares of Caterpillar from $700.00 to $950.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. Wall Street Zen raised Caterpillar from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. DA Davidson lifted their price target on Caterpillar from $650.00 to $845.00 and gave the stock a “neutral” rating in a report on Monday, May 4th. Argus upped their price objective on Caterpillar from $820.00 to $990.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Finally, Bank of America lifted their target price on Caterpillar from $930.00 to $989.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Fifteen analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $980.57.

Caterpillar Company 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.