Signaturefd LLC boosted its stake in Caterpillar, Inc. (NYSE:CAT) by 6.3% during the first quarter, Holdings Channel reports. The firm owned 2,724 shares of the industrial products company’s stock after buying an additional 162 shares during the period. Signaturefd LLC’s holdings in Caterpillar were worth $253,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Private Trust Co. NA increased its stake in Caterpillar by 23.0% in the first quarter. Private Trust Co. NA now owns 7,548 shares of the industrial products company’s stock valued at $700,000 after buying an additional 1,413 shares during the period. State of Tennessee Treasury Department raised its position in shares of Caterpillar by 58.4% in the first quarter. State of Tennessee Treasury Department now owns 288,338 shares of the industrial products company’s stock valued at $26,746,000 after buying an additional 106,270 shares in the last quarter. Stevens Capital Management LP raised its position in shares of Caterpillar by 211.0% in the first quarter. Stevens Capital Management LP now owns 153,894 shares of the industrial products company’s stock valued at $14,275,000 after buying an additional 104,412 shares in the last quarter. World Asset Management Inc raised its position in shares of Caterpillar by 9.5% in the first quarter. World Asset Management Inc now owns 63,392 shares of the industrial products company’s stock valued at $5,880,000 after buying an additional 5,512 shares in the last quarter. Finally, Ipswich Investment Management Co. Inc. raised its position in shares of Caterpillar by 3.1% in the first quarter. Ipswich Investment Management Co. Inc. now owns 50,212 shares of the industrial products company’s stock valued at $4,658,000 after buying an additional 1,490 shares in the last quarter. 70.53% of the stock is currently owned by hedge funds and other institutional investors.

Caterpillar, Inc. (CAT) traded up 0.06% during mid-day trading on Friday, reaching $113.22. 758,954 shares of the company’s stock traded hands. Caterpillar, Inc. has a 1-year low of $79.93 and a 1-year high of $115.46. The stock has a market cap of $66.91 billion, a P/E ratio of 632.51 and a beta of 1.25. The firm has a 50-day moving average price of $109.51 and a 200-day moving average price of $101.06.

Caterpillar (NYSE:CAT) last issued its quarterly earnings results on Tuesday, July 25th. The industrial products company reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.23. The company had revenue of $11.33 billion during the quarter, compared to analysts’ expectations of $10.96 billion. Caterpillar had a net margin of 0.27% and a return on equity of 18.52%. The business’s quarterly revenue was up 9.6% on a year-over-year basis. During the same period last year, the business earned $1.09 EPS. Equities research analysts anticipate that Caterpillar, Inc. will post $5.24 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Saturday, August 19th. Investors of record on Thursday, July 20th will be paid a $0.78 dividend. The ex-dividend date of this dividend is Tuesday, July 18th. This is a boost from Caterpillar’s previous quarterly dividend of $0.77. This represents a $3.12 annualized dividend and a dividend yield of 2.76%. Caterpillar’s dividend payout ratio (DPR) is currently 2,080.00%.

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Several brokerages have weighed in on CAT. Vetr raised shares of Caterpillar from a “strong sell” rating to a “buy” rating and set a $120.03 price objective for the company in a report on Thursday. Atlantic Securities raised shares of Caterpillar from an “underweight” rating to a “neutral” rating and raised their price objective for the stock from $85.00 to $115.00 in a report on Thursday, August 3rd. Argus reissued a “buy” rating and set a $113.10 price objective (down from $130.00) on shares of Caterpillar in a report on Wednesday, August 2nd. Tigress Financial raised shares of Caterpillar from a “neutral” rating to a “buy” rating in a report on Monday, July 31st. Finally, Stifel Nicolaus reissued a “hold” rating and set a $125.00 price objective on shares of Caterpillar in a report on Sunday, July 30th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $107.15.

In other Caterpillar news, Director William A. Osborn sold 5,000 shares of the firm’s stock in a transaction on Friday, July 28th. The stock was sold at an average price of $113.67, for a total transaction of $568,350.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Suzette M. Long sold 13,859 shares of the firm’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $114.30, for a total value of $1,584,083.70. Following the sale, the insider now directly owns 18,188 shares of the company’s stock, valued at approximately $2,078,888.40. The disclosure for this sale can be found here. Insiders sold 201,471 shares of company stock valued at $22,979,332 over the last three months. 0.15% of the stock is owned by company insiders.

Caterpillar Company Profile

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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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