Blair William & Co. IL Sells 1,112 Shares of Caterpillar Inc. (NYSE:CAT)

Key Points

• Blair William & Co. IL reduced its holdings in Caterpillar Inc. by 1.0%, selling 1,112 shares and maintaining 114,279 shares valued at $37.69 million as of the latest SEC filing.
• Caterpillar has announced a quarterly dividend increase to $1.51 per share, up from $1.41, with an upcoming payment date of August 20th.
• The stock experienced a 2.1% decline recently, with an opening price of $428.85 and an average rating of "Moderate Buy" from analysts.

Blair William & Co. IL trimmed its position in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 1.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 114,279 shares of the industrial products company's stock after selling 1,112 shares during the period. Blair William & Co. IL's holdings in Caterpillar were worth $37,689,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Investment Management Corp VA ADV purchased a new stake in shares of Caterpillar during the fourth quarter worth $33,000. Curat Global LLC purchased a new stake in shares of Caterpillar during the first quarter worth $33,000. Redmont Wealth Advisors LLC purchased a new stake in shares of Caterpillar during the first quarter worth $33,000. Quarry LP purchased a new stake in shares of Caterpillar during the fourth quarter worth $35,000. Finally, Mpwm Advisory Solutions LLC purchased a new stake in shares of Caterpillar during the fourth quarter worth $36,000. 70.98% of the stock is owned by institutional investors.

Caterpillar Stock Down 2.1%

CAT opened at $428.85 on Monday. The company has a market cap of $202.01 billion, a P/E ratio of 20.90, a P/E/G ratio of 2.68 and a beta of 1.40. The business's 50-day moving average price is $385.66 and its 200-day moving average price is $354.03. The company has a current ratio of 1.32, a quick ratio of 0.77 and a debt-to-equity ratio of 1.43. Caterpillar Inc. has a 12 month low of $267.30 and a 12 month high of $441.15.

Caterpillar Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 20th. Investors of record on Monday, July 21st will be paid a $1.51 dividend. The ex-dividend date of this dividend is Monday, July 21st. This is a boost from Caterpillar's previous quarterly dividend of $1.41. This represents a $6.04 annualized dividend and a dividend yield of 1.4%. Caterpillar's payout ratio is 29.43%.

Insider Activity

In other Caterpillar news, Director David Maclennan bought 375 shares of the business's stock in a transaction that occurred on Wednesday, May 7th. The shares were bought at an average cost of $320.70 per share, with a total value of $120,262.50. Following the completion of the purchase, the director directly owned 6,653 shares of the company's stock, valued at $2,133,617.10. This trade represents a 5.97% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.33% of the stock is owned by insiders.

Analyst Ratings Changes

CAT has been the topic of several recent research reports. Sanford C. Bernstein restated a "market perform" rating on shares of Caterpillar in a research report on Monday, July 14th. Evercore ISI lowered their price objective on Caterpillar from $375.00 to $373.00 and set an "in-line" rating on the stock in a research report on Monday, May 19th. JPMorgan Chase & Co. increased their price objective on Caterpillar from $395.00 to $475.00 and gave the stock an "overweight" rating in a research report on Thursday, July 10th. Bank of America increased their price objective on Caterpillar from $335.00 to $385.00 and gave the stock a "buy" rating in a research report on Friday, May 30th. Finally, Robert W. Baird increased their price objective on Caterpillar from $395.00 to $422.00 and gave the stock an "outperform" rating in a research report on Friday, June 20th. Seven equities research analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $419.33.

Caterpillar 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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