Folger Nolan Fleming Douglas Capital Management Inc. Has $9.94 Million Stock Holdings in Caterpillar Inc. (NYSE:CAT)

Folger Nolan Fleming Douglas Capital Management Inc. lowered its holdings in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 3.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,142 shares of the industrial products company's stock after selling 973 shares during the quarter. Caterpillar comprises about 1.1% of Folger Nolan Fleming Douglas Capital Management Inc.'s investment portfolio, making the stock its 24th biggest position. Folger Nolan Fleming Douglas Capital Management Inc.'s holdings in Caterpillar were worth $9,941,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Flagship Wealth Advisors LLC bought a new stake in shares of Caterpillar during the 4th quarter worth $26,000. Halbert Hargrove Global Advisors LLC bought a new stake in Caterpillar during the fourth quarter valued at about $27,000. Cyrus J. Lawrence LLC acquired a new stake in shares of Caterpillar in the fourth quarter valued at about $27,000. Noble Wealth Management PBC bought a new position in shares of Caterpillar in the fourth quarter worth about $31,000. Finally, Investment Management Corp VA ADV acquired a new position in shares of Caterpillar during the 4th quarter worth about $33,000. 70.98% of the stock is currently owned by institutional investors.

Insider Transactions at Caterpillar

In related news, Director David Maclennan purchased 375 shares of Caterpillar stock in a transaction that occurred on Wednesday, May 7th. The shares were acquired at an average price of $320.70 per share, for a total transaction of $120,262.50. Following the transaction, the director now directly owns 6,653 shares in the company, valued at approximately $2,133,617.10. This represents a 5.97% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.33% of the company's stock.

Caterpillar Price Performance

Shares of CAT traded down $4.17 during trading hours on Friday, hitting $356.79. The stock had a trading volume of 1,609,485 shares, compared to its average volume of 2,564,350. The stock has a market capitalization of $168.06 billion, a price-to-earnings ratio of 16.17, a P/E/G ratio of 1.87 and a beta of 1.37. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.42 and a quick ratio of 0.89. The company's fifty day moving average is $327.10 and its two-hundred day moving average is $348.25. 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 issued 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 58.18% and a net margin of 16.65%. The firm had revenue of $14.25 billion for the quarter, compared to the consensus estimate of $14.64 billion. During the same period in the prior year, the company posted $5.60 earnings per share. Caterpillar's quarterly revenue was down 9.8% compared to the same quarter last year. On average, analysts anticipate that Caterpillar Inc. will post 19.86 EPS for the current year.

Caterpillar Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 20th. Shareholders of record on Monday, July 21st will be paid a $1.51 dividend. The ex-dividend date is Monday, July 21st. This represents a $6.04 dividend on an annualized basis and a yield of 1.69%. This is a positive change from Caterpillar's previous quarterly dividend of $1.41. Caterpillar's payout ratio is currently 27.49%.

Analyst Ratings Changes

A number of research firms have issued reports on CAT. Wall Street Zen lowered Caterpillar from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. Baird R W upgraded shares of Caterpillar from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 13th. UBS Group upgraded shares of Caterpillar from a "sell" rating to a "neutral" rating and upped their target price for the company from $272.00 to $357.00 in a research note on Friday, May 16th. Citigroup raised their price target on shares of Caterpillar from $320.00 to $370.00 and gave the stock a "buy" rating in a research report on Monday, May 5th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Caterpillar from $490.00 to $380.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. Six research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $372.92.

Caterpillar Company 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.