Capital Management Associates Inc Grows Position in Caterpillar Inc. (NYSE:CAT)

Capital Management Associates Inc grew its holdings in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 101.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,674 shares of the industrial products company's stock after buying an additional 1,848 shares during the period. Capital Management Associates Inc's holdings in Caterpillar were worth $1,211,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CAT. McIlrath & Eck LLC grew its position in Caterpillar by 3.2% during the 4th quarter. McIlrath & Eck LLC now owns 962 shares of the industrial products company's stock worth $349,000 after acquiring an additional 30 shares during the last quarter. Rakuten Securities Inc. boosted its stake in shares of Caterpillar by 20.3% during the fourth quarter. Rakuten Securities Inc. now owns 184 shares of the industrial products company's stock valued at $67,000 after purchasing an additional 31 shares in the last quarter. Asset Management Group Inc. boosted its stake in shares of Caterpillar by 0.3% during the fourth quarter. Asset Management Group Inc. now owns 10,771 shares of the industrial products company's stock valued at $3,907,000 after purchasing an additional 32 shares in the last quarter. Dunhill Financial LLC grew its holdings in shares of Caterpillar by 21.3% during the fourth quarter. Dunhill Financial LLC now owns 205 shares of the industrial products company's stock worth $75,000 after purchasing an additional 36 shares during the last quarter. Finally, Silvia Mccoll Wealth Management LLC increased its stake in shares of Caterpillar by 2.1% in the first quarter. Silvia Mccoll Wealth Management LLC now owns 1,752 shares of the industrial products company's stock valued at $578,000 after buying an additional 36 shares during the period. 70.98% of the stock is owned by institutional investors.

Caterpillar Trading Up 0.7%

Shares of Caterpillar stock traded up $2.71 on Tuesday, reaching $394.22. 1,996,008 shares of the company's stock were exchanged, compared to its average volume of 2,527,135. The firm's 50-day moving average is $353.66 and its two-hundred day moving average is $346.92. The company has a market capitalization of $185.69 billion, a P/E ratio of 19.21, a price-to-earnings-growth ratio of 2.60 and a beta of 1.38. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.77 and a current ratio of 1.32. Caterpillar Inc. has a 52 week low of $267.30 and a 52 week high of $418.50.

Caterpillar (NYSE:CAT - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The industrial products company reported $4.25 EPS for the quarter, missing analysts' consensus estimates of $4.35 by ($0.10). Caterpillar had a return on equity of 53.77% and a net margin of 15.71%. The company had revenue of $14.25 billion during the quarter, compared to analyst estimates of $14.64 billion. During the same quarter in the previous year, the business posted $5.60 earnings per share. The company's revenue for the quarter was down 9.8% compared to the same quarter last year. Sell-side analysts predict that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

Caterpillar Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 20th. Shareholders of record on Monday, July 21st will be issued a $1.51 dividend. The ex-dividend date is Monday, July 21st. This represents a $6.04 annualized dividend and a yield of 1.53%. This is a positive change from Caterpillar's previous quarterly dividend of $1.41. Caterpillar's dividend payout ratio is presently 27.49%.

Insider Buying and Selling

In other Caterpillar news, Director David Maclennan purchased 375 shares of the firm's stock in a transaction on Wednesday, May 7th. The stock was acquired at an average price of $320.70 per share, for a total transaction of $120,262.50. Following the purchase, the director owned 6,653 shares of the company's stock, valued at $2,133,617.10. This trade represents a 5.97% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.33% of the company's stock.

Analyst Upgrades and Downgrades

CAT has been the topic of a number of research reports. Evercore ISI reduced their target price on shares of Caterpillar from $375.00 to $373.00 and set an "in-line" rating on the stock in a report on Monday, May 19th. Robert W. Baird lifted their price target on shares of Caterpillar from $395.00 to $422.00 and gave the stock an "outperform" rating in a report on Friday, June 20th. Truist Financial increased their price objective on Caterpillar from $396.00 to $414.00 and gave the company a "buy" rating in a report on Monday, June 23rd. Oppenheimer raised Caterpillar from a "market perform" rating to an "outperform" rating and set a $395.00 target price on the stock in a report on Thursday, May 1st. Finally, UBS Group raised Caterpillar from a "sell" rating to a "neutral" rating and increased their price target for the company from $272.00 to $357.00 in a research note on Friday, May 16th. Six research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Caterpillar has an average rating of "Moderate Buy" and a consensus target price of $380.83.

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.