Nvwm LLC Has $730,000 Stock Position in Caterpillar Inc. (NYSE:CAT)

Key Points

• Nvwm LLC sold 1,215 shares of Caterpillar Inc., reducing its ownership by 35.4% to 2,214 shares, valued at approximately $730,000.
• A number of analysts have recently increased their price targets for Caterpillar, with Bank of America raising its target to $385.00 and Melius setting a price target of $500.00.
• Caterpillar announced an increase in its quarterly dividend to $1.51 per share, up from $1.41, with a dividend yield of 1.39%.

Nvwm LLC cut its holdings in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 35.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,214 shares of the industrial products company's stock after selling 1,215 shares during the quarter. Nvwm LLC's holdings in Caterpillar were worth $730,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of CAT. Geode Capital Management LLC increased its position in shares of Caterpillar by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 10,449,770 shares of the industrial products company's stock valued at $3,790,841,000 after purchasing an additional 236,315 shares during the period. Northern Trust Corp increased its position in shares of Caterpillar by 11.8% during the fourth quarter. Northern Trust Corp now owns 6,847,330 shares of the industrial products company's stock valued at $2,483,937,000 after purchasing an additional 724,477 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Caterpillar by 8.6% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,940,391 shares of the industrial products company's stock valued at $1,429,416,000 after purchasing an additional 312,878 shares during the period. GAMMA Investing LLC increased its position in shares of Caterpillar by 43,447.3% during the first quarter. GAMMA Investing LLC now owns 3,730,259 shares of the industrial products company's stock valued at $1,230,239,000 after purchasing an additional 3,721,693 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in Caterpillar by 2.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,181,535 shares of the industrial products company's stock valued at $1,154,174,000 after buying an additional 82,579 shares in the last quarter. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently commented on CAT. Oppenheimer boosted their price target on Caterpillar from $395.00 to $483.00 and gave the company an "outperform" rating in a research note on Thursday, July 17th. Bank of America raised their price target on Caterpillar from $335.00 to $385.00 and gave the stock a "buy" rating in a research report on Friday, May 30th. Morgan Stanley upgraded Caterpillar from an "underweight" rating to an "equal weight" rating and reduced their target price for the stock from $300.00 to $283.00 in a report on Wednesday, April 16th. JPMorgan Chase & Co. upped their price target on Caterpillar from $395.00 to $475.00 and gave the company an "overweight" rating in a research note on Thursday, July 10th. Finally, Robert W. Baird lifted their price objective on shares of Caterpillar from $395.00 to $422.00 and gave the stock an "outperform" rating in a research note on Friday, June 20th. Seven research analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Caterpillar has an average rating of "Moderate Buy" and a consensus target price of $419.33.

Caterpillar Stock Down 0.1%

Shares of CAT stock traded down $0.59 on Monday, hitting $433.16. 2,550,228 shares of the stock were exchanged, compared to its average volume of 2,686,110. The company has a current ratio of 1.32, a quick ratio of 0.77 and a debt-to-equity ratio of 1.43. The firm has a market capitalization of $204.04 billion, a P/E ratio of 21.11, a price-to-earnings-growth ratio of 2.71 and a beta of 1.38. The business has a 50-day moving average of $377.02 and a 200 day moving average of $351.76. Caterpillar Inc. has a fifty-two week low of $267.30 and a fifty-two week high of $436.40.

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). Caterpillar had a return on equity of 53.77% and a net margin of 15.71%. 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 prior year, the company earned $5.60 earnings per share. The firm's quarterly revenue was down 9.8% on a year-over-year basis. Equities analysts anticipate that Caterpillar Inc. will post 19.86 EPS for the current year.

Caterpillar Increases Dividend

The firm also recently disclosed 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 represents a $6.04 dividend on an annualized basis and a dividend yield of 1.39%. This is a boost from Caterpillar's previous quarterly dividend of $1.41. The ex-dividend date of this dividend is Monday, July 21st. Caterpillar's dividend payout ratio (DPR) is presently 29.43%.

Insider Activity

In other Caterpillar news, Director David Maclennan purchased 375 shares of the business's stock in a transaction on Wednesday, May 7th. The stock was acquired at an average price of $320.70 per share, with a total value of $120,262.50. Following the acquisition, the director directly owned 6,653 shares of the company's stock, valued at $2,133,617.10. This trade represents a 5.97% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.33% of the stock is currently owned by insiders.

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.