DeDora Capital Inc. Buys Shares of 991 Caterpillar Inc. (NYSE:CAT)

DeDora Capital Inc. bought a new position in Caterpillar Inc. (NYSE:CAT - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 991 shares of the industrial products company's stock, valued at approximately $327,000.

A number of other large investors have also made changes to their positions in CAT. Norges Bank bought a new stake in Caterpillar during the 4th quarter worth about $2,184,364,000. GAMMA Investing LLC increased its stake in shares of Caterpillar by 43,447.3% in the first quarter. GAMMA Investing LLC now owns 3,730,259 shares of the industrial products company's stock valued at $1,230,239,000 after buying an additional 3,721,693 shares during the period. Capital Research Global Investors increased its position in Caterpillar by 69.3% during the 4th quarter. Capital Research Global Investors now owns 2,924,054 shares of the industrial products company's stock valued at $1,060,730,000 after purchasing an additional 1,196,861 shares during the period. Northern Trust Corp boosted its holdings in shares of Caterpillar by 11.8% during the 4th quarter. Northern Trust Corp now owns 6,847,330 shares of the industrial products company's stock worth $2,483,937,000 after buying an additional 724,477 shares in the last quarter. Finally, APG Asset Management N.V. raised its position in Caterpillar by 1,278.6% in the 4th quarter. APG Asset Management N.V. now owns 440,641 shares of the industrial products company's stock valued at $154,367,000 after buying an additional 408,678 shares during the last quarter. Institutional investors and hedge funds own 70.98% of the company's stock.

Caterpillar Price Performance

CAT traded up $5.74 during trading on Tuesday, reaching $415.81. The stock had a trading volume of 702,410 shares, compared to its average volume of 2,498,628. The stock has a 50 day moving average of $369.61 and a two-hundred day moving average of $349.62. The firm has a market capitalization of $195.86 billion, a price-to-earnings ratio of 20.27, a price-to-earnings-growth ratio of 2.74 and a beta of 1.38. Caterpillar Inc. has a 1-year low of $267.30 and a 1-year high of $419.90. The company has a quick ratio of 0.77, a current ratio of 1.32 and a debt-to-equity ratio of 1.43.

Caterpillar (NYSE:CAT - Get Free Report) last released its earnings results 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 company had revenue of $14.25 billion during 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%. The firm's quarterly revenue was down 9.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $5.60 EPS. As a group, equities analysts anticipate that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

Caterpillar Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 20th. Investors of record on Monday, July 21st will be given a $1.51 dividend. This is a boost from Caterpillar's previous quarterly dividend of $1.41. This represents a $6.04 annualized dividend and a yield of 1.45%. The ex-dividend date is Monday, July 21st. Caterpillar's payout ratio is currently 27.49%.

Analyst Upgrades and Downgrades

CAT has been the subject of a number of recent analyst reports. Oppenheimer lifted their target price on Caterpillar from $395.00 to $483.00 and gave the company an "outperform" rating in a report on Thursday, July 17th. Baird R W upgraded shares of Caterpillar from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, May 13th. Evercore ISI cut their target price on shares of Caterpillar from $375.00 to $373.00 and set an "in-line" rating on the stock in a report on Monday, May 19th. Citigroup restated a "buy" rating and issued a $420.00 target price (up previously from $370.00) on shares of Caterpillar in a report on Tuesday, June 24th. Finally, Robert W. Baird raised their price target on Caterpillar from $395.00 to $422.00 and gave the stock an "outperform" rating in a research note on Friday, June 20th. Seven investment analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $419.33.

Insider Buying and Selling

In other Caterpillar news, Director David Maclennan purchased 375 shares of the business's stock in a transaction on Wednesday, May 7th. The shares were purchased at an average cost of $320.70 per share, with a total value of $120,262.50. Following the transaction, the director directly 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 purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate 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.

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