Chilton Capital Management LLC Sells 823 Shares of Caterpillar Inc. (NYSE:CAT)

Chilton Capital Management LLC cut its holdings in Caterpillar Inc. (NYSE:CAT - Free Report) by 20.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,143 shares of the industrial products company's stock after selling 823 shares during the quarter. Chilton Capital Management LLC's holdings in Caterpillar were worth $1,037,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Flagship Wealth Advisors LLC acquired a new position in shares of Caterpillar during the 4th quarter worth $26,000. Cyrus J. Lawrence LLC purchased a new stake in shares of Caterpillar during the 4th quarter worth about $27,000. Investment Management Corp VA ADV acquired a new position in shares of Caterpillar during the 4th quarter valued at $33,000. Quarry LP acquired a new stake in shares of Caterpillar in the fourth quarter valued at about $35,000. Finally, Mpwm Advisory Solutions LLC purchased a new position in shares of Caterpillar in the fourth quarter valued at $36,000. 70.98% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CAT. Truist Financial upped their target price on shares of Caterpillar from $396.00 to $414.00 and gave the company a "buy" rating in a research note on Monday, June 23rd. Baird R W raised Caterpillar from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, May 13th. DA Davidson lifted their target price on Caterpillar from $325.00 to $331.00 and gave the company a "neutral" rating in a research note on Monday, May 5th. Bank of America raised their price target on Caterpillar from $335.00 to $385.00 and gave the company a "buy" rating in a report on Friday, May 30th. Finally, Oppenheimer upgraded Caterpillar from a "market perform" rating to an "outperform" rating and set a $395.00 price objective for the company in a report on Thursday, May 1st. Six equities research 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's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $380.83.

Caterpillar Stock Down 1.6%

Shares of Caterpillar stock traded down $6.32 on Monday, hitting $391.54. 3,012,185 shares of the company traded hands, compared to its average volume of 2,526,773. Caterpillar Inc. has a 12-month low of $267.30 and a 12-month high of $418.50. The company has a quick ratio of 0.77, a current ratio of 1.32 and a debt-to-equity ratio of 1.43. The company has a market cap of $184.43 billion, a PE ratio of 19.08, a PEG ratio of 2.64 and a beta of 1.38. The company has a 50-day moving average price of $351.96 and a 200 day moving average price of $346.74.

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 the consensus estimate of $4.35 by ($0.10). The business had revenue of $14.25 billion for the quarter, compared to the consensus estimate of $14.64 billion. Caterpillar had a net margin of 15.71% and a return on equity of 53.77%. Caterpillar's revenue was down 9.8% compared to the same quarter last year. During the same period in the previous year, the business posted $5.60 EPS. Sell-side analysts predict that Caterpillar Inc. will post 19.86 earnings per share for the current year.

Caterpillar Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 20th. Shareholders of record on Monday, July 21st will be given a $1.51 dividend. The ex-dividend date is Monday, July 21st. This represents a $6.04 dividend on an annualized basis and a dividend yield of 1.54%. This is a boost from Caterpillar's previous quarterly dividend of $1.41. Caterpillar's payout ratio is currently 27.49%.

Insiders Place Their Bets

In other news, Director David Maclennan bought 375 shares of the stock in a transaction that occurred on Wednesday, May 7th. The shares were acquired at an average cost of $320.70 per share, for a total transaction of $120,262.50. Following the purchase, the director owned 6,653 shares of the company's stock, valued at $2,133,617.10. This represents a 5.97% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.33% of the company's stock.

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.