FCA Corp TX Sells 982 Shares of Caterpillar Inc. (NYSE:CAT)

Key Points

• FCA Corp TX reduced its stake in Caterpillar by 55.1%, selling 982 shares, leaving them with 800 shares valued at $264,000.
• Caterpillar reported $4.72 EPS for the last quarter, missing estimates by ($0.16), although revenue of $16.57 billion exceeded expectations.
• The company declared an increased quarterly dividend of $1.51 per share, which reflects a 1.5% yield based on the current payout ratio of 30.72%.

FCA Corp TX trimmed its position in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 55.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 800 shares of the industrial products company's stock after selling 982 shares during the period. FCA Corp TX's holdings in Caterpillar were worth $264,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of CAT. Pacific Point Advisors LLC acquired a new stake in shares of Caterpillar in the 4th quarter valued at $579,000. Brighton Jones LLC lifted its stake in shares of Caterpillar by 51.5% in the 4th quarter. Brighton Jones LLC now owns 7,409 shares of the industrial products company's stock valued at $2,688,000 after purchasing an additional 2,519 shares during the last quarter. Cohen & Steers Inc. lifted its position in Caterpillar by 22.0% during the 4th quarter. Cohen & Steers Inc. now owns 921 shares of the industrial products company's stock worth $334,000 after acquiring an additional 166 shares during the last quarter. Gamco Investors INC. ET AL lifted its position in Caterpillar by 8.9% during the 4th quarter. Gamco Investors INC. ET AL now owns 588 shares of the industrial products company's stock worth $213,000 after acquiring an additional 48 shares during the last quarter. Finally, Acorns Advisers LLC lifted its position in Caterpillar by 33.3% during the 4th quarter. Acorns Advisers LLC now owns 797 shares of the industrial products company's stock worth $289,000 after acquiring an additional 199 shares during the last quarter. Institutional investors and hedge funds own 70.98% of the company's stock.

Caterpillar Stock Down 2.4%

Shares of CAT stock traded down $10.09 during trading hours on Friday, hitting $407.41. 3,105,803 shares of the company were exchanged, compared to its average volume of 3,164,488. The business has a 50 day moving average of $399.63 and a two-hundred day moving average of $355.92. The company has a current ratio of 1.34, a quick ratio of 0.81 and a debt-to-equity ratio of 1.50. Caterpillar Inc. has a 52 week low of $267.30 and a 52 week high of $441.15. The company has a market capitalization of $190.86 billion, a PE ratio of 20.72, a PEG ratio of 2.43 and a beta of 1.40.

Caterpillar (NYSE:CAT - Get Free Report) last released its earnings results on Tuesday, August 5th. The industrial products company reported $4.72 earnings per share for the quarter, missing analysts' consensus estimates of $4.88 by ($0.16). The business had revenue of $16.57 billion during the quarter, compared to the consensus estimate of $16.14 billion. Caterpillar had a net margin of 14.95% and a return on equity of 48.95%. The firm's revenue for the quarter was down .7% on a year-over-year basis. During the same period last year, the business posted $5.99 EPS. Analysts anticipate that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal year.

Caterpillar Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 20th. Shareholders of record on Monday, July 21st will be paid a $1.51 dividend. This is an increase from Caterpillar's previous quarterly dividend of $1.41. This represents a $6.04 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Monday, July 21st. Caterpillar's dividend payout ratio is 30.72%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. DA Davidson boosted their price objective on shares of Caterpillar from $331.00 to $388.00 and gave the stock a "neutral" rating in a report on Tuesday, July 22nd. Oppenheimer upped their target price on shares of Caterpillar from $395.00 to $483.00 and gave the stock an "outperform" rating in a research report on Thursday, July 17th. Barclays increased their price objective on shares of Caterpillar from $383.00 to $425.00 and gave the company an "equal weight" rating in a report on Wednesday, August 6th. Bank of America increased their price objective on shares of Caterpillar from $460.00 to $495.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Finally, UBS Group upgraded shares of Caterpillar from a "sell" rating to a "neutral" rating and increased their price objective for the company from $272.00 to $357.00 in a report on Friday, May 16th. Seven investment analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $444.00.

Insider Buying and Selling

In other Caterpillar news, insider Jason Kaiser sold 2,161 shares of the stock in a transaction on Monday, August 11th. The shares were sold at an average price of $417.70, for a total value of $902,649.70. Following the completion of the sale, the insider owned 8,632 shares in the company, valued at $3,605,586.40. This trade represents a 20.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.33% of the stock is currently owned by corporate insiders.

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.