Financial Engines Advisors L.L.C. Has $503,000 Holdings in Caterpillar Inc. (NYSE:CAT)

Key Points

• Financial Engines Advisors L.L.C. reduced its stake in Caterpillar Inc. by 47.1% in the 1st quarter, now holding 1,527 shares valued at $503,000.
• Caterpillar announced a quarterly dividend increase to $1.51 per share, with an annualized yield of 1.5%.
• The company's recent quarterly earnings report showed an EPS of $4.72, missing estimates, but revenue was $16.57 billion, exceeding expectations.

Financial Engines Advisors L.L.C. lessened its holdings in Caterpillar Inc. (NYSE:CAT - Free Report) by 47.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,527 shares of the industrial products company's stock after selling 1,357 shares during the quarter. Financial Engines Advisors L.L.C.'s holdings in Caterpillar were worth $503,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Investment Management Corp VA ADV acquired a new stake in Caterpillar in the fourth quarter valued at about $33,000. Curat Global LLC acquired a new stake in Caterpillar in the first quarter valued at about $33,000. Redmont Wealth Advisors LLC acquired a new stake in Caterpillar in the first quarter valued at about $33,000. Quarry LP acquired a new stake in Caterpillar in the fourth quarter valued at about $35,000. Finally, Mpwm Advisory Solutions LLC purchased a new position in Caterpillar in the fourth quarter valued at about $36,000. Hedge funds and other institutional investors own 70.98% of the company's stock.

Insider Buying and Selling at Caterpillar

In related news, insider Jason Kaiser sold 2,161 shares of the firm's stock in a transaction on Monday, August 11th. The shares were sold at an average price of $417.70, for a total value of $902,649.70. Following the transaction, the insider directly owned 8,632 shares in the company, valued at approximately $3,605,586.40. This trade represents a 20.02% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.33% of the company's stock.

Caterpillar Stock Down 2.4%

CAT stock traded down $10.09 during midday trading on Friday, reaching $407.41. The company had a trading volume of 3,105,803 shares, compared to its average volume of 3,164,488. Caterpillar Inc. has a 1 year low of $267.30 and a 1 year high of $441.15. The company has a current ratio of 1.34, a quick ratio of 0.81 and a debt-to-equity ratio of 1.50. The company has a market capitalization of $190.86 billion, a P/E ratio of 20.72, a PEG ratio of 2.49 and a beta of 1.40. The company has a 50 day moving average of $399.63 and a two-hundred day moving average of $356.18.

Caterpillar (NYSE:CAT - Get Free Report) last released its earnings results on Tuesday, August 5th. The industrial products company reported $4.72 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.88 by ($0.16). Caterpillar had a return on equity of 48.95% and a net margin of 14.95%. The company had revenue of $16.57 billion during the quarter, compared to analysts' expectations of $16.14 billion. During the same quarter in the previous year, the company earned $5.99 EPS. The firm's quarterly revenue was down .7% compared to the same quarter last year. On average, equities research analysts expect that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal year.

Caterpillar Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 20th. Stockholders of record on Monday, July 21st will be issued a dividend of $1.51 per share. The ex-dividend date is Monday, July 21st. This represents a $6.04 dividend on an annualized basis and a dividend yield of 1.5%. This is an increase from Caterpillar's previous quarterly dividend of $1.41. Caterpillar's payout ratio is 30.72%.

Wall Street Analysts Forecast Growth

CAT has been the subject of a number of research analyst reports. JPMorgan Chase & Co. increased their target price on shares of Caterpillar from $475.00 to $520.00 and gave the company an "overweight" rating in a report on Wednesday, August 6th. Robert W. Baird boosted their price objective on shares of Caterpillar from $395.00 to $422.00 and gave the company an "outperform" rating in a research note on Friday, June 20th. UBS Group raised shares of Caterpillar from a "sell" rating to a "neutral" rating and upped their price target for the stock from $272.00 to $357.00 in a research report on Friday, May 16th. Sanford C. Bernstein reaffirmed a "market perform" rating on shares of Caterpillar in a research report on Monday, July 14th. Finally, Melius Research upgraded shares of Caterpillar from a "hold" rating to a "strong-buy" rating and set a $500.00 target price on the stock in a research note on Wednesday, July 9th. Seven analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $444.00.

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.