OneDigital Investment Advisors LLC Trims Stake in Caterpillar Inc. (NYSE:CAT)

OneDigital Investment Advisors LLC reduced its position in Caterpillar Inc. (NYSE:CAT - Free Report) by 3.6% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 17,871 shares of the industrial products company's stock after selling 672 shares during the period. OneDigital Investment Advisors LLC's holdings in Caterpillar were worth $5,894,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in CAT. Norges Bank purchased a new stake in shares of Caterpillar in the 4th quarter valued at about $2,184,364,000. GAMMA Investing LLC lifted its holdings in shares of Caterpillar by 43,447.3% in the 1st 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 last quarter. Capital Research Global Investors lifted its holdings in shares of Caterpillar by 69.3% in the 4th quarter. Capital Research Global Investors now owns 2,924,054 shares of the industrial products company's stock valued at $1,060,730,000 after purchasing an additional 1,196,861 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Caterpillar in the 4th quarter valued at about $353,231,000. Finally, Northern Trust Corp increased its position in Caterpillar by 11.8% in the 4th quarter. Northern Trust Corp now owns 6,847,330 shares of the industrial products company's stock valued at $2,483,937,000 after acquiring an additional 724,477 shares during the period. 70.98% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Caterpillar

In other news, Director David Maclennan purchased 375 shares of the 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 acquisition, the director directly owned 6,653 shares in the company, valued at approximately $2,133,617.10. The trade was a 5.97% increase in their position. The acquisition was disclosed in a legal 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 Stock Performance

NYSE CAT traded up $0.90 on Friday, hitting $399.33. 1,737,838 shares of the company's stock were exchanged, compared to its average volume of 2,524,822. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.32 and a quick ratio of 0.77. The firm's 50-day moving average price is $351.96 and its two-hundred day moving average price is $346.84. Caterpillar Inc. has a fifty-two week low of $267.30 and a fifty-two week high of $418.50. The firm has a market cap of $188.10 billion, a price-to-earnings ratio of 19.46, a P/E/G ratio of 2.64 and a beta of 1.38.

Caterpillar (NYSE:CAT - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The industrial products company reported $4.25 earnings per share for the quarter, missing analysts' consensus estimates of $4.35 by ($0.10). The firm had revenue of $14.25 billion during the quarter, compared to analyst estimates of $14.64 billion. Caterpillar had a return on equity of 53.77% and a net margin of 15.71%. The business's revenue was down 9.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $5.60 EPS. On average, research analysts expect that Caterpillar Inc. will post 19.86 EPS for the current year.

Caterpillar Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 20th. Investors of record on Monday, July 21st will be issued a $1.51 dividend. The ex-dividend date is Monday, July 21st. This represents a $6.04 dividend on an annualized basis and a dividend yield of 1.51%. This is a boost from Caterpillar's previous quarterly dividend of $1.41. Caterpillar's dividend payout ratio is currently 27.49%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Truist Financial boosted their price target on Caterpillar from $396.00 to $414.00 and gave the company a "buy" rating in a research report on Monday, June 23rd. Evercore ISI dropped their price target on Caterpillar from $375.00 to $373.00 and set an "in-line" rating on the stock in a research report on Monday, May 19th. JPMorgan Chase & Co. dropped their price target on Caterpillar from $490.00 to $380.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. DA Davidson boosted their price target on Caterpillar from $325.00 to $331.00 and gave the company a "neutral" rating in a research report on Monday, May 5th. Finally, Baird R W upgraded Caterpillar from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, May 13th. Six analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $380.83.

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.