Caterpillar Inc. (NYSE:CAT) Holdings Lifted by MGO One Seven LLC

Key Points

Error: Response status code does not indicate success: 429 (Too Many Requests).

MGO One Seven LLC grew its stake in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 7.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,109 shares of the industrial products company's stock after purchasing an additional 1,099 shares during the period. MGO One Seven LLC's holdings in Caterpillar were worth $4,983,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Lyell Wealth Management LP lifted its stake in Caterpillar by 1.5% in the 1st quarter. Lyell Wealth Management LP now owns 35,918 shares of the industrial products company's stock worth $11,846,000 after acquiring an additional 516 shares in the last quarter. Cordatus Wealth Management LLC grew its holdings in Caterpillar by 391.7% in the 1st quarter. Cordatus Wealth Management LLC now owns 6,072 shares of the industrial products company's stock valued at $2,002,000 after buying an additional 4,837 shares during the last quarter. Menard Financial Group LLC grew its holdings in Caterpillar by 1.0% in the 1st quarter. Menard Financial Group LLC now owns 3,174 shares of the industrial products company's stock valued at $1,019,000 after buying an additional 32 shares during the last quarter. Foster & Motley Inc. grew its holdings in Caterpillar by 5.1% in the 1st quarter. Foster & Motley Inc. now owns 17,818 shares of the industrial products company's stock valued at $5,877,000 after buying an additional 869 shares during the last quarter. Finally, NorthRock Partners LLC grew its holdings in shares of Caterpillar by 2.8% during the 1st quarter. NorthRock Partners LLC now owns 10,348 shares of the industrial products company's stock worth $3,413,000 after purchasing an additional 277 shares in the last quarter. 70.98% of the stock is owned by hedge funds and other institutional investors.

Caterpillar Stock Up 1.1%

Shares of NYSE:CAT opened at $434.69 on Thursday. The stock has a market capitalization of $204.76 billion, a price-to-earnings ratio of 21.18, a PEG ratio of 2.69 and a beta of 1.38. The stock has a fifty day simple moving average of $382.09 and a two-hundred day simple moving average of $353.44. Caterpillar Inc. has a 12-month low of $267.30 and a 12-month high of $436.83. 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 (NYSE:CAT - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $4.25 EPS 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 firm had revenue of $14.25 billion during the quarter, compared to the consensus estimate of $14.64 billion. During the same period in the previous year, the firm earned $5.60 EPS. The business's revenue was down 9.8% on a year-over-year basis. On average, research analysts anticipate that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal 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. The ex-dividend date is Monday, July 21st. This is a positive change from Caterpillar's previous quarterly dividend of $1.41. This represents a $6.04 dividend on an annualized basis and a yield of 1.39%. Caterpillar's dividend payout ratio is presently 29.43%.

Insider Transactions at Caterpillar

In related news, Director David Maclennan acquired 375 shares of the firm's stock in a transaction on Wednesday, May 7th. The shares were acquired at an average cost of $320.70 per share, for a total transaction of $120,262.50. Following the completion of the transaction, the director directly owned 6,653 shares in the company, valued at approximately $2,133,617.10. This trade represents a 5.97% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.33% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Barclays boosted their price target on Caterpillar from $335.00 to $383.00 and gave the company an "equal weight" rating in a research note on Monday, July 21st. JPMorgan Chase & Co. upped their price target on Caterpillar from $395.00 to $475.00 and gave the company an "overweight" rating in a research note on Thursday, July 10th. Sanford C. Bernstein reissued a "market perform" rating on shares of Caterpillar in a research note on Monday, July 14th. Morgan Stanley upgraded Caterpillar from an "underweight" rating to an "equal weight" rating and reduced their target price for the stock from $300.00 to $283.00 in a report on Wednesday, April 16th. Finally, Citigroup reaffirmed a "buy" rating and set a $420.00 price target (up previously from $370.00) on shares of Caterpillar in a research report on Tuesday, June 24th. Seven 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 data from MarketBeat, Caterpillar 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.