Sigma Planning Corp Has $8.22 Million Stock Position in Caterpillar Inc. (NYSE:CAT)

Sigma Planning Corp decreased its holdings in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 5.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,915 shares of the industrial products company's stock after selling 1,438 shares during the quarter. Sigma Planning Corp's holdings in Caterpillar were worth $8,217,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. McIlrath & Eck LLC increased its holdings in Caterpillar by 3.2% during the 4th quarter. McIlrath & Eck LLC now owns 962 shares of the industrial products company's stock worth $349,000 after purchasing an additional 30 shares during the last quarter. Asset Management Group Inc. increased its holdings in Caterpillar by 0.3% during the 4th quarter. Asset Management Group Inc. now owns 10,771 shares of the industrial products company's stock worth $3,907,000 after purchasing an additional 32 shares during the last quarter. Dunhill Financial LLC increased its holdings in shares of Caterpillar by 21.3% in the 4th quarter. Dunhill Financial LLC now owns 205 shares of the industrial products company's stock valued at $75,000 after acquiring an additional 36 shares during the last quarter. Silvia Mccoll Wealth Management LLC increased its holdings in shares of Caterpillar by 2.1% in the 1st quarter. Silvia Mccoll Wealth Management LLC now owns 1,752 shares of the industrial products company's stock valued at $578,000 after acquiring an additional 36 shares during the last quarter. Finally, Insight Advisors LLC PA increased its holdings in shares of Caterpillar by 2.6% in the 1st quarter. Insight Advisors LLC PA now owns 1,446 shares of the industrial products company's stock valued at $477,000 after acquiring an additional 36 shares during the last quarter. Hedge funds and other institutional investors own 70.98% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in 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 report on Monday, June 23rd. Morgan Stanley upgraded Caterpillar from an "underweight" rating to an "equal weight" rating and lowered their price target for the company from $300.00 to $283.00 in a report on Wednesday, April 16th. Oppenheimer upgraded Caterpillar from a "market perform" rating to an "outperform" rating and set a $395.00 price target for the company in a report on Thursday, May 1st. UBS Group upgraded Caterpillar from a "sell" rating to a "neutral" rating and boosted their price target for the company from $272.00 to $357.00 in a report on Friday, May 16th. Finally, Robert W. Baird boosted their price target on Caterpillar from $395.00 to $422.00 and gave the company an "outperform" rating in a report on Friday, June 20th. Seven research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Caterpillar has an average rating of "Moderate Buy" and a consensus target price of $406.47.

Caterpillar Stock Performance

CAT stock traded down $0.88 during trading on Tuesday, reaching $404.89. 2,166,822 shares of the company's stock were exchanged, compared to its average volume of 2,525,373. The company has a quick ratio of 0.77, a current ratio of 1.32 and a debt-to-equity ratio of 1.43. Caterpillar Inc. has a 1-year low of $267.30 and a 1-year high of $418.50. The company's fifty day moving average price is $362.45 and its 200-day moving average price is $348.21. The firm has a market cap of $190.72 billion, a PE ratio of 19.73, a P/E/G ratio of 2.69 and a beta of 1.38.

Caterpillar (NYSE:CAT - Get Free Report) last announced 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). The firm had revenue of $14.25 billion during the quarter, compared to analyst estimates of $14.64 billion. Caterpillar had a net margin of 15.71% and a return on equity of 53.77%. The company's quarterly revenue was down 9.8% compared to the same quarter last year. During the same quarter last year, the company earned $5.60 EPS. On average, research analysts expect that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

Caterpillar Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 20th. Stockholders of record on Monday, July 21st will be issued a $1.51 dividend. This is a positive change from Caterpillar's previous quarterly dividend of $1.41. The ex-dividend date is Monday, July 21st. This represents a $6.04 annualized dividend and a dividend yield of 1.49%. Caterpillar's dividend payout ratio is 27.49%.

Insider Buying and Selling at Caterpillar

In related news, Director David Maclennan bought 375 shares of the business's stock in a transaction dated Wednesday, May 7th. The shares were bought at an average cost of $320.70 per share, with a total value of $120,262.50. Following the completion of the transaction, the director directly owned 6,653 shares of the company's stock, valued at approximately $2,133,617.10. This trade represents a 5.97% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.33% of the stock is currently owned by company 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.