Allied Investment Advisors LLC Buys 1,217 Shares of Caterpillar Inc. (NYSE:CAT)

Allied Investment Advisors LLC grew its position in Caterpillar Inc. (NYSE:CAT - Free Report) by 2.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,984 shares of the industrial products company's stock after buying an additional 1,217 shares during the quarter. Caterpillar accounts for 2.7% of Allied Investment Advisors LLC's holdings, making the stock its 6th largest holding. Allied Investment Advisors LLC's holdings in Caterpillar were worth $14,176,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Fifth Third Wealth Advisors LLC grew its position in Caterpillar by 6.2% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 16,696 shares of the industrial products company's stock valued at $5,506,000 after acquiring an additional 982 shares in the last quarter. IVC Wealth Advisors LLC increased its stake in Caterpillar by 6.7% during the 1st quarter. IVC Wealth Advisors LLC now owns 4,253 shares of the industrial products company's stock worth $1,403,000 after buying an additional 268 shares during the period. Doliver Advisors LP lifted its holdings in Caterpillar by 32.7% during the 1st quarter. Doliver Advisors LP now owns 2,014 shares of the industrial products company's stock worth $664,000 after buying an additional 496 shares in the last quarter. Rothschild Investment LLC boosted its position in Caterpillar by 180.9% in the 1st quarter. Rothschild Investment LLC now owns 26,137 shares of the industrial products company's stock valued at $8,620,000 after buying an additional 16,832 shares during the period. Finally, Welch Group LLC grew its stake in shares of Caterpillar by 3.1% in the first quarter. Welch Group LLC now owns 37,970 shares of the industrial products company's stock worth $12,518,000 after acquiring an additional 1,156 shares in the last quarter. Institutional investors and hedge funds own 70.98% of the company's stock.

Insiders Place Their Bets

In related news, Director David Maclennan purchased 375 shares of Caterpillar stock in a transaction dated Wednesday, May 7th. The stock was bought at an average cost of $320.70 per share, for a total transaction of $120,262.50. Following the transaction, the director now owns 6,653 shares in the company, valued at approximately $2,133,617.10. The trade was a 5.97% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.33% of the stock is currently owned by company insiders.

Caterpillar Stock Performance

NYSE CAT traded up $4.86 during trading on Tuesday, reaching $349.53. The company's stock had a trading volume of 2,613,297 shares, compared to its average volume of 2,617,555. The business's fifty day moving average price is $319.30 and its 200-day moving average price is $350.36. Caterpillar Inc. has a twelve month low of $267.30 and a twelve month high of $418.50. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.89 and a current ratio of 1.42. The firm has a market cap of $164.64 billion, a price-to-earnings ratio of 15.84, a P/E/G ratio of 1.87 and a beta of 1.35.

Caterpillar (NYSE:CAT - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The industrial products company reported $4.25 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.35 by ($0.10). Caterpillar had a return on equity of 58.18% and a net margin of 16.65%. The firm had revenue of $14.25 billion for the quarter, compared to analyst estimates of $14.64 billion. During the same quarter last year, the firm earned $5.60 earnings per share. The company's revenue was down 9.8% compared to the same quarter last year. As a group, analysts anticipate that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

Caterpillar Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 20th. Investors of record on Monday, April 21st were issued a dividend of $1.41 per share. This represents a $5.64 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date of this dividend was Monday, April 21st. Caterpillar's dividend payout ratio is presently 27.49%.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. UBS Group upgraded Caterpillar from a "sell" rating to a "neutral" rating and increased their price objective for the company from $272.00 to $357.00 in a research note on Friday, May 16th. Wall Street Zen cut Caterpillar from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Wedbush upgraded shares of Caterpillar to an "outperform" rating in a research note on Monday, February 3rd. Evercore ISI dropped their price objective on shares of Caterpillar from $375.00 to $373.00 and set an "in-line" rating on the stock in a research report on Monday, May 19th. Finally, Raymond James raised shares of Caterpillar from a "market perform" rating to an "outperform" rating in a research report on Monday, February 3rd. Six research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Caterpillar presently has an average rating of "Moderate Buy" and an average price target of $372.92.

About Caterpillar

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.