Foundations Investment Advisors LLC Has $2.92 Million Stake in Caterpillar Inc. (NYSE:CAT)

Foundations Investment Advisors LLC raised its holdings in Caterpillar Inc. (NYSE:CAT - Free Report) by 15.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,844 shares of the industrial products company's stock after buying an additional 1,157 shares during the quarter. Foundations Investment Advisors LLC's holdings in Caterpillar were worth $2,917,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Investment Management Corp VA ADV acquired a new position in shares of Caterpillar in the 4th quarter valued at approximately $33,000. Curat Global LLC bought a new position in shares of Caterpillar in the first quarter worth $33,000. Redmont Wealth Advisors LLC acquired a new stake in shares of Caterpillar in the first quarter valued at $33,000. Quarry LP purchased a new stake in shares of Caterpillar during the fourth quarter valued at $35,000. Finally, Mpwm Advisory Solutions LLC purchased a new stake in shares of Caterpillar during the fourth quarter valued at $36,000. Hedge funds and other institutional investors own 70.98% of the company's stock.

Caterpillar Price Performance

CAT stock traded down $9.17 during midday trading on Friday, reaching $428.85. 4,027,319 shares of the company's stock traded hands, compared to its average volume of 2,706,497. The company has a 50-day simple moving average of $383.95 and a two-hundred day simple moving average of $353.96. The company has a market cap of $202.01 billion, a price-to-earnings ratio of 20.90, a PEG ratio of 2.72 and a beta of 1.38. Caterpillar Inc. has a 1-year low of $267.30 and a 1-year high of $441.15. 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 issued its quarterly 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). The firm 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 business's revenue for the quarter was down 9.8% on a year-over-year basis. During the same quarter last year, the firm earned $5.60 earnings per share. On average, analysts anticipate 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. Investors of record on Monday, July 21st will be paid a $1.51 dividend. This represents a $6.04 annualized dividend and a dividend yield of 1.4%. This is an increase from Caterpillar's previous quarterly dividend of $1.41. The ex-dividend date is Monday, July 21st. Caterpillar's dividend payout ratio is presently 29.43%.

Insider Activity

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

Wall Street Analysts Forecast Growth

CAT has been the topic of several recent analyst reports. Baird R W raised Caterpillar from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, May 13th. Melius raised Caterpillar from a "hold" rating to a "buy" rating and set a $500.00 price objective on the stock in a report on Wednesday, July 9th. Melius Research raised Caterpillar from a "hold" rating to a "strong-buy" rating and set a $500.00 price objective on the stock in a report on Wednesday, July 9th. UBS Group raised 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. Finally, Sanford C. Bernstein restated a "market perform" rating on shares of Caterpillar in a research note on Monday, July 14th. Seven investment analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $419.33.

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.