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

CHICAGO TRUST Co NA lessened its stake in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 46.1% in the first quarter, according to the company in its most recent 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 hedge funds also recently modified their holdings of the stock. Wagner Wealth Management LLC lifted its stake in shares of Caterpillar by 4.0% during the 4th 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. Adell Harriman & Carpenter Inc. lifted its stake in shares of Caterpillar by 1.2% during the 4th quarter. Adell Harriman & Carpenter Inc. now owns 2,256 shares of the industrial products company's stock worth $818,000 after buying an additional 27 shares during the last quarter. Abacus Planning Group Inc. lifted its stake in shares of Caterpillar by 1.0% during the 4th quarter. Abacus Planning Group Inc. now owns 2,897 shares of the industrial products company's stock worth $1,051,000 after buying an additional 28 shares during the last quarter. Cape Investment Advisory Inc. lifted its stake in shares of Caterpillar by 6.3% during the 4th quarter. Cape Investment Advisory Inc. now owns 471 shares of the industrial products company's stock worth $171,000 after buying an additional 28 shares during the last quarter. Finally, Beacon Capital Management LLC lifted its stake in shares of Caterpillar by 2.1% during the 4th quarter. Beacon Capital Management LLC now owns 1,432 shares of the industrial products company's stock worth $520,000 after buying an additional 29 shares during the last quarter. Institutional investors and hedge funds own 70.98% of the company's stock.

Caterpillar Price Performance

Shares of Caterpillar stock traded down $4.17 during midday trading on Friday, hitting $356.79. 1,609,485 shares of the company traded hands, compared to its average volume of 2,570,866. The stock has a market cap of $168.06 billion, a price-to-earnings ratio of 16.17, a PEG ratio of 1.87 and a beta of 1.37. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.89 and a current ratio of 1.42. The firm's fifty day moving average price is $325.40 and its 200-day moving average price is $348.98. 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 posted its earnings results 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 business had revenue of $14.25 billion for the quarter, compared to the consensus estimate of $14.64 billion. During the same period in the previous year, the firm earned $5.60 earnings per share. The company's revenue was down 9.8% compared to the same quarter last year. As a group, sell-side analysts forecast that Caterpillar Inc. will post 19.86 earnings per share for the current year.

Caterpillar Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 20th. Shareholders of record on Monday, July 21st will be issued a dividend of $1.51 per share. 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. The ex-dividend date of this dividend is Monday, July 21st. Caterpillar's payout ratio is presently 27.49%.

Insiders Place Their Bets

In other news, Director David Maclennan acquired 375 shares of Caterpillar stock in a transaction dated Wednesday, May 7th. The shares were bought at an average cost of $320.70 per share, with a total value of $120,262.50. Following the purchase, the director now owns 6,653 shares in the company, valued at $2,133,617.10. This trade represents a 5.97% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.33% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on CAT. Oppenheimer upgraded shares of Caterpillar from a "market perform" rating to an "outperform" rating and set a $395.00 target price for the company in a research note on Thursday, May 1st. Wall Street Zen cut shares of Caterpillar from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Truist Financial reiterated a "buy" rating and issued a $396.00 price objective (up previously from $389.00) on shares of Caterpillar in a research note on Thursday, May 1st. DA Davidson lifted their price objective on shares of Caterpillar from $325.00 to $331.00 and gave the stock a "neutral" rating in a research note on Monday, May 5th. Finally, Morgan Stanley upgraded shares of Caterpillar from an "underweight" rating to an "equal weight" rating and dropped their price objective for the stock from $300.00 to $283.00 in a research note on Wednesday, April 16th. Six investment 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 company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average 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.