Lmcg Investments LLC Cuts Holdings in Caterpillar Inc. (NYSE:CAT)

Lmcg Investments LLC trimmed its stake in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 10.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wagner Wealth Management LLC grew its holdings in 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. boosted its stake in shares of Caterpillar by 1.2% in the fourth 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 during the last quarter. Abacus Planning Group Inc. boosted its stake 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 worth $1,051,000 after acquiring an additional 28 shares during the last quarter. Cape Investment Advisory Inc. boosted its stake in shares of Caterpillar by 6.3% in 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 last quarter. Finally, Beacon Capital Management LLC boosted its stake in shares of Caterpillar by 2.1% in the fourth quarter. Beacon Capital Management LLC now owns 1,432 shares of the industrial products company's stock worth $520,000 after acquiring an additional 29 shares during the last quarter. 70.98% of the stock is owned by institutional investors and hedge funds.

Caterpillar Trading Up 1.3%

Shares of Caterpillar stock traded up $4.53 during trading hours on Friday, hitting $353.49. The company's stock had a trading volume of 1,605,025 shares, compared to its average volume of 2,597,720. Caterpillar Inc. has a twelve month low of $267.30 and a twelve month high of $418.50. The firm has a fifty day moving average of $320.74 and a 200-day moving average of $349.40. The stock has a market cap of $166.51 billion, a price-to-earnings ratio of 16.02, a P/E/G ratio of 1.87 and a beta of 1.37. 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 (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). 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 analyst estimates of $14.64 billion. During the same period in the previous year, the company posted $5.60 EPS. Caterpillar's revenue was down 9.8% on a year-over-year basis. Research analysts forecast that Caterpillar Inc. will post 19.86 EPS for the current year.

Caterpillar Announces Dividend

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

Insider Buying and Selling

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

Analysts Set New Price Targets

A number of equities analysts recently commented on CAT shares. Robert W. Baird upgraded Caterpillar from a "neutral" rating to an "outperform" rating and lifted their price objective for the stock from $309.00 to $395.00 in a research report on Tuesday, May 13th. DA Davidson boosted their price objective on Caterpillar from $325.00 to $331.00 and gave the stock a "neutral" rating in a research note on Monday, May 5th. Morgan Stanley raised Caterpillar from an "underweight" rating to an "equal weight" rating and lowered their price objective for the stock from $300.00 to $283.00 in a research note on Wednesday, April 16th. Baird R W raised Caterpillar from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 13th. Finally, Citigroup boosted their price objective on Caterpillar from $320.00 to $370.00 and gave the stock a "buy" rating in a research note on Monday, May 5th. Six analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target 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.