Heck Capital Advisors LLC Has $840,000 Position in Caterpillar Inc. (NYSE:CAT)

Key Points

• Heck Capital Advisors LLC has reduced its position in Caterpillar Inc. by 32.0% in Q1, holding 2,547 shares valued at approximately $840,000.
• Caterpillar has recently declared a quarterly dividend of $1.51 per share, increasing from its previous $1.41, with an annualized yield of 1.5%.
• Despite a decrease in earnings per share from the previous year and missing recent analyst estimates, Caterpillar reported quarterly revenue of $16.57 billion, exceeding expectations.

Heck Capital Advisors LLC lowered its position in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 32.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,547 shares of the industrial products company's stock after selling 1,200 shares during the quarter. Heck Capital Advisors LLC's holdings in Caterpillar were worth $840,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of CAT. Pacific Point Advisors LLC acquired a new position in shares of Caterpillar in the fourth quarter valued at approximately $579,000. Brighton Jones LLC boosted its holdings in shares of Caterpillar by 51.5% in the fourth quarter. Brighton Jones LLC now owns 7,409 shares of the industrial products company's stock valued at $2,688,000 after buying an additional 2,519 shares during the period. Cohen & Steers Inc. boosted its holdings in shares of Caterpillar by 22.0% in the fourth quarter. Cohen & Steers Inc. now owns 921 shares of the industrial products company's stock valued at $334,000 after buying an additional 166 shares during the period. Mariner LLC boosted its holdings in shares of Caterpillar by 2.8% in the fourth quarter. Mariner LLC now owns 231,214 shares of the industrial products company's stock valued at $83,875,000 after buying an additional 6,261 shares during the period. Finally, Belpointe Asset Management LLC lifted its position in shares of Caterpillar by 23.0% in the fourth quarter. Belpointe Asset Management LLC now owns 3,682 shares of the industrial products company's stock worth $1,311,000 after purchasing an additional 688 shares in the last quarter. Institutional investors and hedge funds own 70.98% of the company's stock.

Caterpillar Trading Up 0.9%

Shares of Caterpillar stock opened at $412.21 on Wednesday. The company has a market capitalization of $193.11 billion, a price-to-earnings ratio of 20.97, a PEG ratio of 2.42 and a beta of 1.40. The company has a quick ratio of 0.81, a current ratio of 1.34 and a debt-to-equity ratio of 1.50. Caterpillar Inc. has a 12-month low of $267.30 and a 12-month high of $441.15. The firm's 50-day moving average price is $395.90 and its two-hundred day moving average price is $355.51.

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

Caterpillar Increases Dividend

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

Analyst Ratings Changes

A number of analysts have recently commented on CAT shares. Oppenheimer boosted their price objective 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. Sanford C. Bernstein reaffirmed a "market perform" rating on shares of Caterpillar in a research report on Monday, July 14th. Melius raised shares of Caterpillar from a "hold" rating to a "buy" rating and set a $500.00 price target on the stock in a research report on Wednesday, July 9th. JPMorgan Chase & Co. upped their price target on shares of Caterpillar from $475.00 to $520.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 6th. Finally, Evercore ISI dropped their price target on shares of Caterpillar from $375.00 to $373.00 and set an "in-line" rating on the stock in a research report on Monday, May 19th. Seven investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $444.00.

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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