Insigneo Advisory Services LLC Reduces Position in Caterpillar Inc. (NYSE:CAT)

Insigneo Advisory Services LLC reduced its holdings in Caterpillar Inc. (NYSE:CAT - Free Report) by 28.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,544 shares of the industrial products company's stock after selling 1,433 shares during the period. Insigneo Advisory Services LLC's holdings in Caterpillar were worth $1,169,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CAT. Abacus Planning Group Inc. boosted its holdings in shares of Caterpillar by 1.0% during the 4th quarter. Abacus Planning Group Inc. now owns 2,897 shares of the industrial products company's stock worth $1,051,000 after purchasing an additional 28 shares during the last quarter. Cape Investment Advisory Inc. boosted its stake in Caterpillar by 6.3% during the fourth quarter. Cape Investment Advisory Inc. now owns 471 shares of the industrial products company's stock worth $171,000 after buying an additional 28 shares during the last quarter. Klingman & Associates LLC grew its holdings in Caterpillar by 4.5% in the 4th quarter. Klingman & Associates LLC now owns 703 shares of the industrial products company's stock valued at $255,000 after buying an additional 30 shares in the last quarter. Carrera Capital Advisors grew its holdings in Caterpillar by 2.5% in the 4th quarter. Carrera Capital Advisors now owns 1,238 shares of the industrial products company's stock valued at $449,000 after buying an additional 30 shares in the last quarter. Finally, BBR Partners LLC raised its holdings in shares of Caterpillar by 0.7% during the 4th quarter. BBR Partners LLC now owns 4,162 shares of the industrial products company's stock worth $1,510,000 after acquiring an additional 30 shares during the period. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Caterpillar Trading Down 1.3%

CAT opened at $357.85 on Wednesday. Caterpillar Inc. has a 52 week low of $267.30 and a 52 week high of $418.50. The company has a quick ratio of 0.77, a current ratio of 1.32 and a debt-to-equity ratio of 1.43. The business has a fifty day simple moving average of $330.03 and a 200-day simple moving average of $347.62. The firm has a market cap of $168.56 billion, a P/E ratio of 17.44, a P/E/G ratio of 2.41 and a beta of 1.37.

Caterpillar (NYSE:CAT - Get Free Report) last posted its earnings results on Wednesday, April 30th. The industrial products company reported $4.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.35 by ($0.10). The firm had revenue of $14.25 billion for the quarter, compared to analyst estimates of $14.64 billion. Caterpillar had a return on equity of 53.77% and a net margin of 15.71%. Caterpillar's revenue was down 9.8% on a year-over-year basis. During the same period in the previous year, the company posted $5.60 EPS. On average, equities analysts expect that Caterpillar Inc. will post 19.86 earnings per share for the current year.

Caterpillar Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 20th. Investors of record on Monday, July 21st will be issued a $1.51 dividend. The ex-dividend date is Monday, July 21st. This represents a $6.04 dividend on an annualized basis and a dividend yield of 1.69%. This is a boost from Caterpillar's previous quarterly dividend of $1.41. Caterpillar's payout ratio is 27.49%.

Insider Buying and Selling

In related news, Director David Maclennan purchased 375 shares of Caterpillar stock in a transaction on Wednesday, May 7th. The shares were bought at an average price of $320.70 per share, with a total value of $120,262.50. Following the transaction, the director now directly owns 6,653 shares of the company's stock, valued at approximately $2,133,617.10. This trade represents a 5.97% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.33% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CAT. Citigroup upped their price objective on shares of Caterpillar from $320.00 to $370.00 and gave the company a "buy" rating in a report on Monday, May 5th. Baird R W raised shares of Caterpillar from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 13th. Wall Street Zen downgraded shares of Caterpillar from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. Evercore ISI decreased their price objective on Caterpillar from $375.00 to $373.00 and set an "in-line" rating on the stock in a report on Monday, May 19th. Finally, Oppenheimer upgraded Caterpillar from a "market perform" rating to an "outperform" rating and set a $395.00 price objective for the company in a research report on Thursday, May 1st. Six analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Caterpillar presently has an average rating of "Moderate Buy" and a consensus target price of $372.92.

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.

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