CHICAGO TRUST Co NA Has $318,000 Stake in Caterpillar Inc. (NYSE:CAT)

CHICAGO TRUST Co NA cut its holdings in Caterpillar Inc. (NYSE:CAT - Free Report) by 46.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 965 shares of the industrial products company's stock after selling 826 shares during the quarter. CHICAGO TRUST Co NA's holdings in Caterpillar were worth $318,000 as of its most recent SEC filing.

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

Insider Activity at Caterpillar

In other Caterpillar news, Director David Maclennan acquired 375 shares of the stock in a transaction dated Wednesday, May 7th. The stock was purchased at an average cost of $320.70 per share, with a total value of $120,262.50. Following the transaction, the director now 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 SEC, which is available at this hyperlink. 0.33% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Wall Street Zen cut Caterpillar from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. 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. Evercore ISI cut their price objective on shares of Caterpillar from $375.00 to $373.00 and set an "in-line" rating for the company in a report on Monday, May 19th. Oppenheimer raised shares of Caterpillar from a "market perform" rating to an "outperform" rating and set a $395.00 target price on the stock in a report on Thursday, May 1st. Finally, UBS Group upgraded Caterpillar from a "sell" rating to a "neutral" rating and boosted their price target for the company from $272.00 to $357.00 in a research note on Friday, May 16th. Six analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Caterpillar has a consensus rating of "Moderate Buy" and an average target price of $372.92.

Caterpillar Price Performance

NYSE CAT traded up $0.63 on Tuesday, hitting $358.70. 1,892,107 shares of the company's stock were exchanged, compared to its average volume of 2,593,110. The company has a current ratio of 1.42, a quick ratio of 0.89 and a debt-to-equity ratio of 1.40. Caterpillar Inc. has a 52 week low of $267.30 and a 52 week high of $418.50. The stock has a market cap of $168.96 billion, a price-to-earnings ratio of 16.25, a P/E/G ratio of 1.87 and a beta of 1.37. The stock has a 50-day moving average of $321.20 and a 200-day moving average of $349.13.

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 analysts' consensus estimates 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 quarter in the prior year, the firm earned $5.60 EPS. The company's revenue was down 9.8% on a year-over-year basis. Analysts expect that Caterpillar Inc. will post 19.86 earnings per share for the current year.

Caterpillar Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 20th. Shareholders of record on Monday, April 21st were issued a dividend of $1.41 per share. The ex-dividend date was Monday, April 21st. This represents a $5.64 annualized dividend and a yield of 1.57%. Caterpillar's payout ratio is 27.49%.

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.