InTrack Investment Management Inc Has $1.54 Million Holdings in Caterpillar Inc. (NYSE:CAT)

InTrack Investment Management Inc increased its position in Caterpillar Inc. (NYSE:CAT - Free Report) by 22.3% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 4,656 shares of the industrial products company's stock after purchasing an additional 848 shares during the period. Caterpillar comprises about 1.4% of InTrack Investment Management Inc's investment portfolio, making the stock its 24th biggest holding. InTrack Investment Management Inc's holdings in Caterpillar were worth $1,536,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CAT. Proficio Capital Partners LLC raised its holdings in Caterpillar by 38.3% in the 4th quarter. Proficio Capital Partners LLC now owns 2,218 shares of the industrial products company's stock worth $805,000 after acquiring an additional 614 shares during the period. Victrix Investment Advisors acquired a new stake in Caterpillar in the 4th quarter worth $2,090,000. Braun Stacey Associates Inc. boosted its position in shares of Caterpillar by 2.8% during the 4th quarter. Braun Stacey Associates Inc. now owns 34,837 shares of the industrial products company's stock valued at $12,637,000 after acquiring an additional 963 shares in the last quarter. Strategic Advisors LLC boosted its position in shares of Caterpillar by 14.6% during the 4th quarter. Strategic Advisors LLC now owns 5,724 shares of the industrial products company's stock valued at $2,076,000 after acquiring an additional 730 shares in the last quarter. Finally, MFG Wealth Management Inc. bought a new position in Caterpillar during the 4th quarter valued at about $2,308,000. Institutional investors and hedge funds own 70.98% of the company's stock.

Caterpillar Stock Down 0.6%

CAT traded down $2.29 during trading hours on Thursday, hitting $360.85. 1,571,463 shares of the company's stock were exchanged, compared to its average volume of 2,577,170. The company has a quick ratio of 0.89, a current ratio of 1.42 and a debt-to-equity ratio of 1.40. The stock's 50-day moving average is $325.40 and its two-hundred day moving average is $348.98. Caterpillar Inc. has a 1-year low of $267.30 and a 1-year high of $418.50. The stock has a market cap of $169.98 billion, a price-to-earnings ratio of 16.35, a PEG ratio of 1.87 and a beta of 1.37.

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

Caterpillar Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 20th. Shareholders of record on Monday, July 21st will be given a dividend of $1.51 per share. This is a positive change from Caterpillar's previous quarterly dividend of $1.41. This represents a $6.04 annualized dividend and a yield of 1.67%. The ex-dividend date is Monday, July 21st. Caterpillar's dividend payout ratio is 27.49%.

Insiders Place Their Bets

In related news, Director David Maclennan acquired 375 shares of the company's stock in a transaction dated Wednesday, May 7th. The shares were bought at an average cost of $320.70 per share, with a total value of $120,262.50. Following the completion of the transaction, the director now directly owns 6,653 shares of the company's stock, valued at $2,133,617.10. This trade represents a 5.97% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.33% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Oppenheimer raised shares of Caterpillar from a "market perform" rating to an "outperform" rating and set a $395.00 price target for the company in a report on Thursday, May 1st. Robert W. Baird raised shares of Caterpillar from a "neutral" rating to an "outperform" rating and boosted their price target for the stock from $309.00 to $395.00 in a research note on Tuesday, May 13th. UBS Group raised shares of Caterpillar from a "sell" rating to a "neutral" rating and boosted their price target for the stock from $272.00 to $357.00 in a research note on Friday, May 16th. Baird R W raised shares of Caterpillar from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 13th. Finally, DA Davidson boosted 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. Six investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $372.92.

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.