Toronto Dominion Bank Raises Stock Holdings in Caterpillar Inc. (NYSE:CAT)

Toronto Dominion Bank lifted its holdings in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 24.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 205,366 shares of the industrial products company's stock after buying an additional 39,893 shares during the period. Toronto Dominion Bank's holdings in Caterpillar were worth $74,498,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. FSM Wealth Advisors LLC raised its holdings in shares of Caterpillar by 3.8% during the 4th quarter. FSM Wealth Advisors LLC now owns 688 shares of the industrial products company's stock worth $262,000 after buying an additional 25 shares in the last quarter. Allen Capital Group LLC grew its stake in shares of Caterpillar by 0.6% during the fourth quarter. Allen Capital Group LLC now owns 4,247 shares of the industrial products company's stock worth $1,541,000 after buying an additional 26 shares during the last quarter. Wagner Wealth Management LLC grew its stake in shares of Caterpillar by 4.0% during the fourth quarter. Wagner Wealth Management LLC now owns 668 shares of the industrial products company's stock worth $242,000 after buying an additional 26 shares during the last quarter. Total Clarity Wealth Management Inc. grew its stake in shares of Caterpillar by 0.6% during the fourth quarter. Total Clarity Wealth Management Inc. now owns 4,373 shares of the industrial products company's stock worth $1,586,000 after buying an additional 27 shares during the last quarter. Finally, Magnolia Capital Advisors LLC increased its holdings in Caterpillar by 3.3% in the 4th quarter. Magnolia Capital Advisors LLC now owns 857 shares of the industrial products company's stock worth $311,000 after purchasing an additional 27 shares in the last quarter. Institutional investors and hedge funds own 70.98% of the company's stock.

Insider Activity

In other Caterpillar news, Director David Maclennan bought 375 shares of the company's stock in a transaction on Wednesday, May 7th. The shares were bought at an average cost of $320.70 per share, for a total transaction of $120,262.50. Following the acquisition, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.33% of the company's stock.

Caterpillar Stock Performance

NYSE:CAT traded down $3.56 during mid-day trading on Tuesday, hitting $349.01. 2,264,630 shares of the company traded hands, compared to its average volume of 2,640,007. The stock's fifty day moving average price is $317.70 and its 200-day moving average price is $353.57. Caterpillar Inc. has a one year low of $267.30 and a one year high of $418.50. The firm has a market cap of $164.40 billion, a price-to-earnings ratio of 15.81, a price-to-earnings-growth ratio of 1.87 and a beta of 1.35. The company has a quick ratio of 0.89, a current ratio of 1.42 and a debt-to-equity ratio of 1.40.

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

Caterpillar Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 20th. Stockholders of record on Monday, April 21st will be paid a $1.41 dividend. This represents a $5.64 annualized dividend and a dividend yield of 1.62%. The ex-dividend date is Monday, April 21st. Caterpillar's dividend payout ratio is currently 27.49%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Oppenheimer raised Caterpillar from a "market perform" rating to an "outperform" rating and set a $395.00 target price for the company in a report on Thursday, May 1st. UBS Group raised shares of Caterpillar from a "sell" rating to a "neutral" rating and upped their price target for the company from $272.00 to $357.00 in a research report on Friday. Wedbush raised Caterpillar to an "outperform" rating in a research note on Monday, February 3rd. Raymond James upgraded shares of Caterpillar from a "market perform" rating to an "outperform" rating in a report on Monday, February 3rd. Finally, StockNews.com cut Caterpillar from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Six investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Caterpillar currently has an average rating of "Moderate Buy" and an average price target of $375.33.

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.