Allied Investment Advisors LLC Has $14.18 Million Position in Caterpillar Inc. (NYSE:CAT)

Allied Investment Advisors LLC increased its stake in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 2.9% in the 1st 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 investment portfolio, making the stock its 6th largest holding. Allied Investment Advisors LLC's holdings in Caterpillar were worth $14,176,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Norges Bank purchased a new position in Caterpillar during the fourth quarter worth about $2,184,364,000. GAMMA Investing LLC increased its position in shares of Caterpillar by 43,447.3% in the first quarter. GAMMA Investing LLC now owns 3,730,259 shares of the industrial products company's stock worth $1,230,239,000 after purchasing an additional 3,721,693 shares during the last quarter. Capital Research Global Investors raised its stake in Caterpillar by 69.3% in the fourth quarter. Capital Research Global Investors now owns 2,924,054 shares of the industrial products company's stock valued at $1,060,730,000 after purchasing an additional 1,196,861 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Caterpillar in the 4th quarter worth approximately $353,231,000. Finally, Proficio Capital Partners LLC increased its holdings in shares of Caterpillar by 50,072.7% in the 4th quarter. Proficio Capital Partners LLC now owns 804,770 shares of the industrial products company's stock worth $291,938,000 after buying an additional 803,166 shares during the last quarter. 70.98% of the stock is currently owned by institutional investors.

Caterpillar Price Performance

Shares of NYSE CAT traded up $0.68 during trading on Thursday, hitting $350.01. The company had a trading volume of 538,008 shares, compared to its average volume of 2,596,049. Caterpillar Inc. has a fifty-two week low of $267.30 and a fifty-two week high of $418.50. The company has a quick ratio of 0.89, a current ratio of 1.42 and a debt-to-equity ratio of 1.40. The stock has a fifty day simple moving average of $319.90 and a two-hundred day simple moving average of $350.35. The firm has a market capitalization of $164.87 billion, a price-to-earnings ratio of 15.86, a price-to-earnings-growth ratio of 1.87 and a beta of 1.35.

Caterpillar (NYSE:CAT - Get Free Report) last announced its 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). The firm had revenue of $14.25 billion during the quarter, compared to analyst estimates of $14.64 billion. Caterpillar had a net margin of 16.65% and a return on equity of 58.18%. The firm's revenue for the quarter was down 9.8% compared to the same quarter last year. During the same period last year, the company earned $5.60 earnings per share. On average, research analysts expect that Caterpillar Inc. will post 19.86 earnings per share for the current year.

Caterpillar Announces Dividend

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

Insider Transactions at Caterpillar

In other news, Director David Maclennan purchased 375 shares of the stock in a transaction that occurred on Wednesday, May 7th. The shares were purchased at an average cost of $320.70 per share, for a total transaction of $120,262.50. Following the completion of the purchase, the director now directly owns 6,653 shares of the company's stock, valued at approximately $2,133,617.10. The trade was a 5.97% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.33% of the company's stock.

Wall Street Analyst Weigh In

CAT has been the subject of several research analyst reports. DA Davidson lifted their price target on Caterpillar from $325.00 to $331.00 and gave the stock a "neutral" rating in a research note on Monday, May 5th. Truist Financial reaffirmed a "buy" rating and issued a $396.00 target price (up previously from $389.00) on shares of Caterpillar in a research note on Thursday, May 1st. Baird R W raised shares of Caterpillar from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 13th. Citigroup boosted their price objective on shares of Caterpillar from $320.00 to $370.00 and gave the stock a "buy" rating in a report on Monday, May 5th. Finally, Oppenheimer upgraded shares of Caterpillar from a "market perform" rating to an "outperform" rating and set a $395.00 target price on the stock in a research report on Thursday, May 1st. Six equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $372.92.

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.