Caterpillar Inc. (NYSE:CAT) Holdings Decreased by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. decreased its holdings in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 18.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,986 shares of the industrial products company's stock after selling 2,733 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Caterpillar were worth $3,953,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Flagship Wealth Advisors LLC purchased a new position in shares of Caterpillar during the fourth quarter valued at $26,000. Halbert Hargrove Global Advisors LLC purchased a new position in shares of Caterpillar during the fourth quarter valued at $27,000. Cyrus J. Lawrence LLC purchased a new position in Caterpillar in the fourth quarter valued at about $27,000. Noble Wealth Management PBC purchased a new position in Caterpillar in the fourth quarter valued at about $31,000. Finally, Investment Management Corp VA ADV purchased a new position in Caterpillar in the fourth quarter valued at about $33,000. Hedge funds and other institutional investors own 70.98% of the company's stock.

Insider Activity 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. Corporate insiders own 0.33% of the company's stock.

Caterpillar Price Performance

NYSE CAT opened at $360.23 on Friday. 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 1.43, a quick ratio of 0.77 and a current ratio of 1.32. The stock has a market capitalization of $169.68 billion, a PE ratio of 17.56, a P/E/G ratio of 2.40 and a beta of 1.37. The stock has a 50-day simple moving average of $333.96 and a 200 day simple moving average of $346.78.

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

Caterpillar Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 20th. Investors of record on Monday, July 21st will be paid a dividend of $1.51 per share. This represents a $6.04 annualized dividend and a yield of 1.68%. This is a positive change from Caterpillar's previous quarterly dividend of $1.41. The ex-dividend date of this dividend is Monday, July 21st. Caterpillar's payout ratio is currently 27.49%.

Analyst Ratings Changes

A number of research analysts have commented on CAT shares. UBS Group upgraded Caterpillar from a "sell" rating to a "neutral" rating and boosted their target price for the company from $272.00 to $357.00 in a research note on Friday, May 16th. Baird R W upgraded Caterpillar from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 13th. Oppenheimer upgraded Caterpillar from a "market perform" rating to an "outperform" rating and set a $395.00 target price on the stock in a research note on Thursday, May 1st. Robert W. Baird boosted their price target on Caterpillar from $395.00 to $422.00 and gave the stock an "outperform" rating in a research report on Friday. Finally, Evercore ISI decreased their price target on Caterpillar from $375.00 to $373.00 and set an "in-line" rating for the company in a research note on Monday, May 19th. Six investment 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $375.17.

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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