Caterpillar Inc. (NYSE:CAT) Stock Holdings Lifted by Eagle Rock Investment Company LLC

Eagle Rock Investment Company LLC lifted its holdings in Caterpillar Inc. (NYSE:CAT - Free Report) by 13.1% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 6,700 shares of the industrial products company's stock after buying an additional 775 shares during the quarter. Eagle Rock Investment Company LLC's holdings in Caterpillar were worth $2,210,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of CAT. Proficio Capital Partners LLC lifted its position in Caterpillar by 38.3% in the 4th quarter. Proficio Capital Partners LLC now owns 2,218 shares of the industrial products company's stock valued at $805,000 after purchasing an additional 614 shares during the last quarter. Victrix Investment Advisors bought a new stake in Caterpillar in the 4th quarter valued at about $2,090,000. Braun Stacey Associates Inc. lifted its position in Caterpillar by 2.8% in the 4th quarter. Braun Stacey Associates Inc. now owns 34,837 shares of the industrial products company's stock valued at $12,637,000 after purchasing an additional 963 shares during the last quarter. Strategic Advisors LLC lifted its position in Caterpillar by 14.6% in the 4th quarter. Strategic Advisors LLC now owns 5,724 shares of the industrial products company's stock valued at $2,076,000 after purchasing an additional 730 shares during the last quarter. Finally, MFG Wealth Management Inc. bought a new stake in Caterpillar in the 4th quarter valued at about $2,308,000. 70.98% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on CAT shares. Oppenheimer upgraded shares of Caterpillar from a "market perform" rating to an "outperform" rating and set a $395.00 price objective on the stock in a research report on Thursday, May 1st. UBS Group upgraded shares of Caterpillar from a "sell" rating to a "neutral" rating and boosted their price target for the stock from $272.00 to $357.00 in a research report on Friday, May 16th. Baird R W upgraded shares of Caterpillar from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, May 13th. DA Davidson boosted their price target on shares of Caterpillar from $325.00 to $331.00 and gave the stock a "neutral" rating in a research report on Monday, May 5th. Finally, Bank of America boosted their price target on shares of Caterpillar from $335.00 to $385.00 and gave the stock a "buy" rating in a research report on Friday, May 30th. Six investment 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. Based on data from MarketBeat, Caterpillar has an average rating of "Moderate Buy" and a consensus price target of $372.92.

Caterpillar Stock Performance

Shares of CAT opened at $353.49 on Friday. The firm's 50 day moving average is $320.74 and its 200-day moving average is $349.91. The stock has a market capitalization of $166.51 billion, a P/E ratio of 16.02, 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. Caterpillar Inc. has a 12-month low of $267.30 and a 12-month high of $418.50.

Caterpillar (NYSE:CAT - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $4.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.35 by ($0.10). The business had revenue of $14.25 billion during the quarter, compared to analyst estimates of $14.64 billion. Caterpillar had a return on equity of 58.18% and a net margin of 16.65%. The business's revenue for the quarter was down 9.8% on a year-over-year basis. During the same period in the prior year, the firm earned $5.60 EPS. Equities research analysts anticipate that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

Caterpillar Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 20th. Stockholders of record on Monday, April 21st were given a $1.41 dividend. This represents a $5.64 annualized dividend and a dividend yield of 1.60%. The ex-dividend date of this dividend was Monday, April 21st. Caterpillar's dividend payout ratio (DPR) is currently 27.49%.

Insider Transactions at Caterpillar

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

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.

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