Integrated Advisors Network LLC Sells 14,239 Shares of Caterpillar Inc. (NYSE:CAT)

Integrated Advisors Network LLC lowered its position in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 24.1% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 44,777 shares of the industrial products company's stock after selling 14,239 shares during the quarter. Caterpillar comprises approximately 0.7% of Integrated Advisors Network LLC's holdings, making the stock its 19th largest holding. Integrated Advisors Network LLC's holdings in Caterpillar were worth $14,768,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new position in Caterpillar in the 4th quarter worth $2,184,364,000. GAMMA Investing LLC lifted its stake in shares of Caterpillar by 43,447.3% in the first quarter. GAMMA Investing LLC now owns 3,730,259 shares of the industrial products company's stock worth $1,230,239,000 after acquiring an additional 3,721,693 shares in the last quarter. Capital Research Global Investors boosted its holdings in Caterpillar by 69.3% in the fourth quarter. Capital Research Global Investors now owns 2,924,054 shares of the industrial products company's stock valued at $1,060,730,000 after purchasing an additional 1,196,861 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Caterpillar during the 4th quarter valued at approximately $353,231,000. Finally, Proficio Capital Partners LLC raised its position in shares of Caterpillar by 50,072.7% in the 4th quarter. Proficio Capital Partners LLC now owns 804,770 shares of the industrial products company's stock valued at $291,938,000 after purchasing an additional 803,166 shares in the last quarter. Institutional investors and hedge funds own 70.98% of the company's stock.

Caterpillar Price Performance

Shares of CAT traded down $2.43 during trading hours on Thursday, hitting $360.71. 715,414 shares of the company were exchanged, compared to its average volume of 2,582,765. Caterpillar Inc. has a one year low of $267.30 and a one year high of $418.50. The company has a market capitalization of $169.91 billion, a PE ratio of 16.34, a PEG ratio of 1.87 and a beta of 1.37. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.42 and a quick ratio of 0.89. The firm has a fifty day simple moving average of $323.77 and a 200-day simple moving average of $349.29.

Caterpillar (NYSE:CAT - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $14.25 billion for the quarter, compared to analysts' expectations of $14.64 billion. Caterpillar had a net margin of 16.65% and a return on equity of 58.18%. The business's revenue for the quarter was down 9.8% on a year-over-year basis. During the same period in the previous year, the firm posted $5.60 earnings per share. As a group, sell-side analysts predict that Caterpillar Inc. will post 19.86 earnings per share for the current year.

Caterpillar Increases Dividend

The company 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 dividend of $1.51 per share. 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 dividend yield of 1.67%. Caterpillar's dividend payout ratio (DPR) is 27.49%.

Insider Activity

In other Caterpillar news, Director David Maclennan acquired 375 shares of the firm's stock in a transaction that occurred on Wednesday, May 7th. The stock was purchased at an average cost of $320.70 per share, for a total transaction of $120,262.50. Following the completion of the acquisition, the director now 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.33% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts recently issued reports on CAT shares. DA Davidson lifted their price target on shares of Caterpillar from $325.00 to $331.00 and gave the stock a "neutral" rating in a research note on Monday, May 5th. Evercore ISI decreased their price objective on shares of Caterpillar from $375.00 to $373.00 and set an "in-line" rating for the company in a report on Monday, May 19th. Morgan Stanley raised shares of Caterpillar from an "underweight" rating to an "equal weight" rating and dropped their target price for the stock from $300.00 to $283.00 in a report on Wednesday, April 16th. Truist Financial restated a "buy" rating and issued a $396.00 target price (up from $389.00) on shares of Caterpillar in a research note on Thursday, May 1st. Finally, Citigroup increased their price target on Caterpillar from $320.00 to $370.00 and gave the stock a "buy" rating in a research report on Monday, May 5th. Six equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company 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.