Caterpillar Inc. (NYSE:CAT) Shares Sold by Lmcg Investments LLC

Lmcg Investments LLC trimmed its position in Caterpillar Inc. (NYSE:CAT - Free Report) by 10.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 28,047 shares of the industrial products company's stock after selling 3,131 shares during the period. Lmcg Investments LLC's holdings in Caterpillar were worth $9,250,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in CAT. Wagner Wealth Management LLC grew its holdings in shares of Caterpillar by 4.0% in the fourth quarter. Wagner Wealth Management LLC now owns 668 shares of the industrial products company's stock valued at $242,000 after purchasing an additional 26 shares during the period. Adell Harriman & Carpenter Inc. lifted its stake in Caterpillar by 1.2% during the 4th quarter. Adell Harriman & Carpenter Inc. now owns 2,256 shares of the industrial products company's stock worth $818,000 after acquiring an additional 27 shares in the last quarter. Abacus Planning Group Inc. grew its holdings in shares of Caterpillar by 1.0% in the fourth quarter. Abacus Planning Group Inc. now owns 2,897 shares of the industrial products company's stock valued at $1,051,000 after purchasing an additional 28 shares in the last quarter. Cape Investment Advisory Inc. increased its position in shares of 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 acquiring an additional 28 shares during the period. Finally, Beacon Capital Management LLC boosted its stake in shares of 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 period. 70.98% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Caterpillar

In other Caterpillar news, Director David Maclennan purchased 375 shares of the business's stock in a transaction that occurred on Wednesday, May 7th. The shares were acquired at an average price of $320.70 per share, for a total transaction of $120,262.50. Following the completion of the purchase, the director now owns 6,653 shares in the company, valued at $2,133,617.10. The trade was a 5.97% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.33% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Oppenheimer upgraded Caterpillar from a "market perform" rating to an "outperform" rating and set a $395.00 target price for the company in a research note on Thursday, May 1st. Citigroup upped their price objective on Caterpillar from $320.00 to $370.00 and gave the company a "buy" rating in a research note on Monday, May 5th. DA Davidson lifted their price objective on shares of Caterpillar from $325.00 to $331.00 and gave the company a "neutral" rating in a research report on Monday, May 5th. Bank of America lifted their price objective on Caterpillar from $335.00 to $385.00 and gave the company a "buy" rating in a report on Friday, May 30th. Finally, UBS Group raised Caterpillar from a "sell" rating to a "neutral" rating and raised their target price for the company from $272.00 to $357.00 in a report on Friday, May 16th. 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 company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $372.92.

Caterpillar Stock Up 1.3%

Shares of NYSE:CAT traded up $4.53 during midday trading on Friday, hitting $353.49. 1,605,025 shares of the company's stock traded hands, compared to its average volume of 2,596,746. The firm's fifty day moving average price is $320.27 and its two-hundred day moving average price is $350.10. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.89 and a current ratio of 1.42. Caterpillar Inc. has a twelve month low of $267.30 and a twelve month high of $418.50. The company has a market cap of $166.51 billion, a PE ratio of 16.02, a P/E/G ratio of 1.87 and a beta of 1.37.

Caterpillar (NYSE:CAT - Get Free Report) last issued its earnings results 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 during the quarter, compared to analysts' expectations of $14.64 billion. Caterpillar had a return on equity of 58.18% and a net margin of 16.65%. Caterpillar's quarterly revenue was down 9.8% on a year-over-year basis. During the same period in the previous year, the company earned $5.60 EPS. On average, equities research analysts anticipate that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

Caterpillar Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 20th. Shareholders of record on Monday, April 21st were issued a $1.41 dividend. The ex-dividend date of this dividend was Monday, April 21st. This represents a $5.64 dividend on an annualized basis and a yield of 1.60%. Caterpillar's dividend payout ratio is currently 27.49%.

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.