Integrated Advisors Network LLC Decreases Stock Holdings in Caterpillar Inc. (NYSE:CAT)

Integrated Advisors Network LLC trimmed its position in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 24.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 44,777 shares of the industrial products company's stock after selling 14,239 shares during the period. Caterpillar accounts for 0.7% of Integrated Advisors Network LLC's investment portfolio, making the stock its 19th biggest holding. Integrated Advisors Network LLC's holdings in Caterpillar were worth $14,768,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Adell Harriman & Carpenter Inc. increased its stake in Caterpillar by 1.2% in the 4th quarter. Adell Harriman & Carpenter Inc. now owns 2,256 shares of the industrial products company's stock valued at $818,000 after buying an additional 27 shares during the last quarter. Abacus Planning Group Inc. increased its stake in Caterpillar by 1.0% in the 4th quarter. Abacus Planning Group Inc. now owns 2,897 shares of the industrial products company's stock valued at $1,051,000 after buying an additional 28 shares during the last quarter. Cape Investment Advisory Inc. increased its stake in Caterpillar by 6.3% in the 4th quarter. Cape Investment Advisory Inc. now owns 471 shares of the industrial products company's stock valued at $171,000 after buying an additional 28 shares during the last quarter. Beacon Capital Management LLC increased its stake in Caterpillar by 2.1% in the 4th quarter. Beacon Capital Management LLC now owns 1,432 shares of the industrial products company's stock valued at $520,000 after buying an additional 29 shares during the last quarter. Finally, Klingman & Associates LLC increased its stake 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 during the last quarter. 70.98% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on CAT shares. Wall Street Zen lowered shares of Caterpillar from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Baird R W upgraded shares of Caterpillar from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 13th. DA Davidson raised 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. Citigroup raised their price target on shares of Caterpillar from $320.00 to $370.00 and gave the stock a "buy" rating in a research note on Monday, May 5th. Finally, Bank of America raised their price objective on shares of Caterpillar from $335.00 to $385.00 and gave the stock a "buy" rating in a report on Friday, May 30th. Six investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $372.92.

Insider Buying and Selling

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

Caterpillar Price Performance

Shares of Caterpillar stock traded down $4.17 on Friday, hitting $356.79. 1,609,485 shares of the company traded hands, compared to its average volume of 2,564,350. The firm's 50-day simple moving average is $327.10 and its 200 day simple moving average is $348.63. 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 company has a market cap of $168.06 billion, a P/E ratio of 16.17, a P/E/G ratio of 1.87 and a beta of 1.37. Caterpillar Inc. has a 12-month low of $267.30 and a 12-month high of $418.50.

Caterpillar (NYSE:CAT - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $4.25 earnings per share for the quarter, missing the consensus estimate 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 quarterly revenue was down 9.8% compared to the same quarter last year. During the same quarter last year, the business posted $5.60 EPS. Analysts expect that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal year.

Caterpillar Increases Dividend

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

About Caterpillar

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.