Fiduciary Financial Group LLC Has $348,000 Holdings in Caterpillar Inc. (NYSE:CAT)

Fiduciary Financial Group LLC trimmed its position in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 42.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,056 shares of the industrial products company's stock after selling 773 shares during the quarter. Fiduciary Financial Group LLC's holdings in Caterpillar were worth $348,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC boosted its position in Caterpillar by 38.3% during the fourth quarter. Proficio Capital Partners LLC now owns 2,218 shares of the industrial products company's stock worth $805,000 after purchasing an additional 614 shares in the last quarter. Victrix Investment Advisors purchased a new stake in Caterpillar in the 4th quarter valued at $2,090,000. Braun Stacey Associates Inc. boosted its position in Caterpillar by 2.8% in the 4th quarter. Braun Stacey Associates Inc. now owns 34,837 shares of the industrial products company's stock valued at $12,637,000 after buying an additional 963 shares during the period. Strategic Advisors LLC grew its position in shares of Caterpillar by 14.6% in the 4th quarter. Strategic Advisors LLC now owns 5,724 shares of the industrial products company's stock valued at $2,076,000 after buying an additional 730 shares during the last quarter. Finally, MFG Wealth Management Inc. purchased a new stake in Caterpillar in the fourth quarter valued at $2,308,000. Hedge funds and other institutional investors own 70.98% of the company's stock.

Analysts Set New Price Targets

CAT has been the topic of a number of research analyst reports. Oppenheimer upgraded Caterpillar from a "market perform" rating to an "outperform" rating and set a $395.00 target price on the stock in a research report on Thursday, May 1st. UBS Group upgraded shares of Caterpillar from a "sell" rating to a "neutral" rating and raised their target price for the stock from $272.00 to $357.00 in a research report on Friday, May 16th. JPMorgan Chase & Co. decreased their price target on shares of Caterpillar from $490.00 to $380.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Baird R W raised shares of Caterpillar from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 13th. Finally, Evercore ISI reduced their price objective on Caterpillar from $375.00 to $373.00 and set an "in-line" rating for the company in a research note on Monday, May 19th. Six equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $372.92.

Caterpillar Price Performance

Shares of CAT stock traded down $2.68 during mid-day trading on Thursday, reaching $360.46. The stock had a trading volume of 648,895 shares, compared to its average volume of 2,582,642. The company has a current ratio of 1.42, a quick ratio of 0.89 and a debt-to-equity ratio of 1.40. The business has a 50-day simple moving average of $323.77 and a 200 day simple moving average of $349.29. Caterpillar Inc. has a 12-month low of $267.30 and a 12-month high of $418.50. The company has a market cap of $169.79 billion, a P/E ratio of 16.33, a price-to-earnings-growth ratio of 1.87 and a beta of 1.37.

Caterpillar (NYSE:CAT - Get Free Report) last announced its earnings results on Wednesday, April 30th. The industrial products company reported $4.25 EPS for the quarter, missing analysts' consensus estimates of $4.35 by ($0.10). Caterpillar had a net margin of 16.65% and a return on equity of 58.18%. The company had revenue of $14.25 billion for the quarter, compared to analyst estimates of $14.64 billion. During the same quarter last year, the company posted $5.60 EPS. Caterpillar's quarterly revenue was down 9.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Caterpillar Inc. will post 19.86 earnings per share for the current year.

Caterpillar Increases Dividend

The company 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 $1.51 dividend. This represents a $6.04 dividend on an annualized basis and a yield of 1.68%. This is a positive change from Caterpillar's previous quarterly dividend of $1.41. Caterpillar's dividend payout ratio is 27.49%.

Insider Transactions at Caterpillar

In other news, Director David Maclennan purchased 375 shares of the stock in a transaction that occurred on Wednesday, May 7th. The stock was acquired at an average cost of $320.70 per share, with a total value of $120,262.50. Following the acquisition, the director now owns 6,653 shares in the company, valued at approximately $2,133,617.10. This trade represents a 5.97% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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.