Oarsman Capital Inc. boosted its stake in Caterpillar, Inc. (NYSE:CAT) by 40.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,355 shares of the industrial products company’s stock after buying an additional 1,245 shares during the period. Oarsman Capital Inc.’s holdings in Caterpillar were worth $404,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Howe & Rusling Inc. boosted its stake in Caterpillar by 52.0% in the first quarter. Howe & Rusling Inc. now owns 1,087 shares of the industrial products company’s stock worth $101,000 after buying an additional 372 shares in the last quarter. First Personal Financial Services boosted its stake in Caterpillar by 167.4% in the first quarter. First Personal Financial Services now owns 1,198 shares of the industrial products company’s stock worth $111,000 after buying an additional 750 shares in the last quarter. Financial Architects Inc boosted its stake in Caterpillar by 5.7% in the first quarter. Financial Architects Inc now owns 1,215 shares of the industrial products company’s stock worth $113,000 after buying an additional 65 shares in the last quarter. Ledyard National Bank boosted its stake in Caterpillar by 145.7% in the first quarter. Ledyard National Bank now owns 1,425 shares of the industrial products company’s stock worth $132,000 after buying an additional 845 shares in the last quarter. Finally, Integrated Investment Consultants LLC boosted its stake in Caterpillar by 17.1% in the first quarter. Integrated Investment Consultants LLC now owns 1,710 shares of the industrial products company’s stock worth $159,000 after buying an additional 250 shares in the last quarter. Institutional investors own 70.27% of the company’s stock.
Shares of Caterpillar, Inc. (NYSE:CAT) traded up 0.69% during trading on Friday, reaching $113.92. 3,875,178 shares of the company were exchanged. Caterpillar, Inc. has a one year low of $79.93 and a one year high of $115.46. The stock has a market capitalization of $67.32 billion, a PE ratio of 636.42 and a beta of 1.25. The stock has a 50-day moving average price of $110.79 and a 200-day moving average price of $101.65.
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 Thomson Reuters’ consensus estimate of $1.26 by $0.23. Caterpillar had a net margin of 0.27% and a return on equity of 18.52%. The company had revenue of $11.33 billion for the quarter, compared to the consensus estimate of $10.96 billion. During the same quarter in the prior year, the company earned $1.09 EPS. Caterpillar’s quarterly revenue was up 9.6% on a year-over-year basis. Analysts forecast that Caterpillar, Inc. will post $5.24 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Saturday, August 19th. Stockholders of record on Thursday, July 20th will be paid a dividend of $0.78 per share. This is a boost from Caterpillar’s previous quarterly dividend of $0.77. The ex-dividend date of this dividend is Tuesday, July 18th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.74%. Caterpillar’s dividend payout ratio (DPR) is presently 2,080.00%.
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A number of equities analysts recently weighed in on the stock. Wells Fargo & Company restated an “outperform” rating on shares of Caterpillar in a research note on Wednesday, July 26th. Deutsche Bank AG reiterated a “hold” rating and issued a $120.00 target price (up from $106.00) on shares of Caterpillar in a research note on Wednesday, July 26th. Jefferies Group LLC reiterated a “hold” rating and issued a $120.00 target price (up from $100.00) on shares of Caterpillar in a research note on Wednesday, July 26th. Axiom Securities reiterated a “sell” rating on shares of Caterpillar in a research note on Wednesday, July 26th. Finally, Credit Suisse Group reiterated an “outperform” rating and issued a $133.00 target price (up from $123.00) on shares of Caterpillar in a research note on Wednesday, July 26th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average 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 value of $568,350.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 completion of the transaction, the insider now owns 18,188 shares in the company, valued at approximately $2,078,888.40. The disclosure for this sale can be found here. Insiders have sold a total of 201,471 shares of company stock worth $22,979,332 in the last ninety days. Corporate insiders own 0.15% of the company’s stock.
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