NBT Bank N A NY Has $10.25 Million Stock Holdings in Caterpillar Inc. (NYSE:CAT)

NBT Bank N A NY decreased its position in Caterpillar Inc. (NYSE:CAT - Free Report) by 29.0% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 31,087 shares of the industrial products company's stock after selling 12,679 shares during the period. NBT Bank N A NY's holdings in Caterpillar were worth $10,253,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of CAT. Abacus Planning Group Inc. raised its position in Caterpillar by 1.0% during 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 buying an additional 28 shares during the period. Cape Investment Advisory Inc. increased its position in Caterpillar by 6.3% in the 4th quarter. Cape Investment Advisory Inc. now owns 471 shares of the industrial products company's stock worth $171,000 after purchasing an additional 28 shares during the last quarter. Klingman & Associates LLC boosted its stake in shares of Caterpillar by 4.5% during the 4th quarter. Klingman & Associates LLC now owns 703 shares of the industrial products company's stock worth $255,000 after acquiring an additional 30 shares in the last quarter. Carrera Capital Advisors boosted its stake in shares of Caterpillar by 2.5% during the 4th quarter. Carrera Capital Advisors now owns 1,238 shares of the industrial products company's stock worth $449,000 after acquiring an additional 30 shares in the last quarter. Finally, BBR Partners LLC boosted its stake in shares of Caterpillar by 0.7% during the 4th quarter. BBR Partners LLC now owns 4,162 shares of the industrial products company's stock worth $1,510,000 after acquiring an additional 30 shares in the last quarter. Institutional investors and hedge funds own 70.98% of the company's stock.

Caterpillar Stock Performance

NYSE CAT traded up $2.05 during trading on Wednesday, reaching $359.73. 1,999,937 shares of the company's stock were exchanged, compared to its average volume of 2,548,754. The business has a 50 day moving average price of $330.03 and a 200-day moving average price of $347.62. The stock has a market capitalization of $169.45 billion, a P/E ratio of 17.53, a PEG ratio of 2.38 and a beta of 1.37. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.32 and a quick ratio of 0.77. Caterpillar Inc. has a fifty-two week low of $267.30 and a fifty-two week high of $418.50.

Caterpillar (NYSE:CAT - Get Free Report) last posted its earnings results on Wednesday, April 30th. The industrial products company reported $4.25 EPS for the quarter, missing the consensus estimate of $4.35 by ($0.10). Caterpillar had a net margin of 15.71% and a return on equity of 53.77%. The firm had revenue of $14.25 billion during 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 for the quarter was down 9.8% compared to the same quarter last year. Sell-side analysts forecast that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal year.

Caterpillar Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 20th. Stockholders of record on Monday, July 21st will be given a $1.51 dividend. This is an increase from Caterpillar's previous quarterly dividend of $1.41. The ex-dividend date of this dividend is Monday, July 21st. This represents a $6.04 annualized dividend and a dividend yield of 1.68%. Caterpillar's dividend payout ratio is presently 27.49%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on CAT. JPMorgan Chase & Co. decreased their target price on Caterpillar from $490.00 to $380.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Morgan Stanley upgraded shares of Caterpillar from an "underweight" rating to an "equal weight" rating and reduced their target price for the company from $300.00 to $283.00 in a research note on Wednesday, April 16th. Bank of America raised their price target on Caterpillar from $335.00 to $385.00 and gave the company a "buy" rating in a report on Friday, May 30th. Robert W. Baird raised Caterpillar from a "neutral" rating to an "outperform" rating and raised their price target for the company from $309.00 to $395.00 in a report on Tuesday, May 13th. Finally, UBS Group raised Caterpillar from a "sell" rating to a "neutral" rating and lifted their target price for the company from $272.00 to $357.00 in a research note on Friday, May 16th. Six equities research 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 company. According to MarketBeat.com, Caterpillar currently has a consensus rating of "Moderate Buy" and an average target price of $372.92.

Insider Activity at Caterpillar

In related news, Director David Maclennan purchased 375 shares of the business's stock in a transaction that occurred on Wednesday, May 7th. The stock was acquired at an average cost 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 approximately $2,133,617.10. This represents a 5.97% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.33% of the stock is currently owned by corporate insiders.

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.