1 North Wealth Services LLC Has $1.47 Million Position in Caterpillar Inc. $CAT

Key Points

• 1 North Wealth Services LLC reduced its position in Caterpillar Inc. by 12.9% during the first quarter, now holding shares valued at approximately $1.47 million.
• Insider transactions are notable, with Director Susan C. Schwab selling 2,324 shares and Jason Kaiser selling 2,161 shares, both reflecting significant decreases in their positions in the company.
• Caterpillar recently increased its quarterly dividend to $1.51 per share, reflecting a positive trend in shareholder returns with a current yield of 1.5%.

1 North Wealth Services LLC decreased its position in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 12.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,453 shares of the industrial products company's stock after selling 657 shares during the period. 1 North Wealth Services LLC's holdings in Caterpillar were worth $1,469,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Pacific Point Advisors LLC acquired a new stake in Caterpillar in the fourth quarter valued at about $579,000. Brighton Jones LLC grew its holdings in shares of Caterpillar by 51.5% during the 4th quarter. Brighton Jones LLC now owns 7,409 shares of the industrial products company's stock valued at $2,688,000 after purchasing an additional 2,519 shares during the last quarter. Schonfeld Strategic Advisors LLC increased its position in Caterpillar by 104.6% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 2,222 shares of the industrial products company's stock worth $806,000 after purchasing an additional 51,018 shares in the last quarter. Brown Advisory Inc. lifted its stake in Caterpillar by 2.2% in the 4th quarter. Brown Advisory Inc. now owns 88,047 shares of the industrial products company's stock valued at $31,940,000 after purchasing an additional 1,891 shares during the last quarter. Finally, Caxton Associates LP boosted its position in Caterpillar by 32.6% in the fourth quarter. Caxton Associates LP now owns 1,697 shares of the industrial products company's stock valued at $616,000 after buying an additional 417 shares in the last quarter. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Susan C. Schwab sold 2,324 shares of the business's stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $410.00, for a total value of $952,840.00. Following the transaction, the director directly owned 6,917 shares of the company's stock, valued at $2,835,970. The trade was a 25.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Jason Kaiser sold 2,161 shares of the company's stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $417.70, for a total value of $902,649.70. Following the sale, the insider owned 8,632 shares in the company, valued at approximately $3,605,586.40. The trade was a 20.02% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.33% of the company's stock.

Caterpillar Price Performance

Shares of CAT opened at $415.81 on Wednesday. The business has a 50-day moving average of $414.65 and a 200-day moving average of $361.08. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.34 and a quick ratio of 0.81. The company has a market capitalization of $194.80 billion, a price-to-earnings ratio of 21.15, a price-to-earnings-growth ratio of 2.53 and a beta of 1.41. Caterpillar Inc. has a 1 year low of $267.30 and a 1 year high of $441.15.

Caterpillar (NYSE:CAT - Get Free Report) last released its earnings results on Tuesday, August 5th. The industrial products company reported $4.72 earnings per share for the quarter, missing analysts' consensus estimates of $4.88 by ($0.16). The firm had revenue of $16.57 billion for the quarter, compared to analyst estimates of $16.14 billion. Caterpillar had a net margin of 14.95% and a return on equity of 48.95%. The business's revenue for the quarter was down .7% compared to the same quarter last year. During the same period in the prior year, the company posted $5.99 EPS. As a group, equities research analysts anticipate that Caterpillar Inc. will post 19.86 earnings per share for the current year.

Caterpillar Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 20th. Investors of record on Monday, July 21st were issued a $1.51 dividend. The ex-dividend date was Monday, July 21st. This is a positive change from Caterpillar's previous quarterly dividend of $1.41. This represents a $6.04 annualized dividend and a yield of 1.5%. Caterpillar's dividend payout ratio (DPR) is presently 30.72%.

Analysts Set New Price Targets

A number of research analysts have recently commented on CAT shares. Melius Research upgraded Caterpillar from a "hold" rating to a "strong-buy" rating and set a $500.00 price target for the company in a research note on Wednesday, July 9th. Baird R W upgraded Caterpillar from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, May 13th. Jefferies Financial Group reissued a "buy" rating and set a $500.00 price target on shares of Caterpillar in a research note on Friday. Sanford C. Bernstein reaffirmed a "market perform" rating on shares of Caterpillar in a research note on Monday, July 14th. Finally, Melius upgraded shares of Caterpillar from a "hold" rating to a "buy" rating and set a $500.00 target price on the stock in a research report on Wednesday, July 9th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $457.20.

Caterpillar Company Profile

Caterpillar Inc manufactures and sells construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives in worldwide. Its Construction Industries segment offers asphalt pavers, compactors, road reclaimers, forestry machines, cold planers, material handlers, track-type tractors, excavators, telehandlers, motor graders, and pipelayers; compact track, wheel, track-type, backhoe, and skid steer loaders; and related parts and tools.

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