UMB Bank n.a. Sells 5,121 Shares of Caterpillar Inc. (NYSE:CAT)

UMB Bank n.a. lessened its position in Caterpillar Inc. (NYSE:CAT - Free Report) by 9.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 49,778 shares of the industrial products company's stock after selling 5,121 shares during the period. UMB Bank n.a.'s holdings in Caterpillar were worth $16,417,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Wagner Wealth Management LLC increased its stake in shares of Caterpillar by 4.0% during the 4th quarter. Wagner Wealth Management LLC now owns 668 shares of the industrial products company's stock valued at $242,000 after acquiring an additional 26 shares during the last quarter. Adell Harriman & Carpenter Inc. increased its position in Caterpillar by 1.2% during the fourth quarter. Adell Harriman & Carpenter Inc. now owns 2,256 shares of the industrial products company's stock worth $818,000 after purchasing an additional 27 shares during the last quarter. Abacus Planning Group Inc. boosted its holdings in shares of Caterpillar by 1.0% in the 4th quarter. Abacus Planning Group Inc. now owns 2,897 shares of the industrial products company's stock valued at $1,051,000 after purchasing an additional 28 shares during the last quarter. Cape Investment Advisory Inc. grew its stake in shares of Caterpillar by 6.3% during the 4th quarter. Cape Investment Advisory Inc. now owns 471 shares of the industrial products company's stock valued at $171,000 after buying an additional 28 shares during the period. Finally, Beacon Capital Management LLC increased its holdings in shares of Caterpillar by 2.1% during the 4th quarter. Beacon Capital Management LLC now owns 1,432 shares of the industrial products company's stock worth $520,000 after buying an additional 29 shares during the last quarter. Hedge funds and other institutional investors own 70.98% of the company's stock.

Caterpillar Price Performance

Shares of CAT stock traded up $4.52 during mid-day trading on Wednesday, reaching $363.09. The company's stock had a trading volume of 1,960,465 shares, compared to its average volume of 2,592,763. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.89 and a current ratio of 1.42. The firm's 50-day moving average is $322.25 and its two-hundred day moving average is $349.19. Caterpillar Inc. has a 1-year low of $267.30 and a 1-year high of $418.50. The company has a market cap of $171.03 billion, a P/E ratio of 16.45, a PEG ratio of 1.87 and a beta of 1.37.

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 return on equity of 58.18% and a net margin of 16.65%. The company had revenue of $14.25 billion for the quarter, compared to the consensus estimate of $14.64 billion. During the same quarter last year, the business earned $5.60 EPS. Caterpillar's quarterly revenue was down 9.8% compared to the same quarter last year. On average, research analysts predict that Caterpillar Inc. will post 19.86 earnings per share for the current year.

Caterpillar Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 20th. Investors of record on Monday, July 21st will be given a dividend of $1.51 per share. This is a positive change from Caterpillar's previous quarterly dividend of $1.41. This represents a $6.04 dividend on an annualized basis and a yield of 1.66%. Caterpillar's dividend payout ratio is 27.49%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on CAT shares. Wall Street Zen lowered Caterpillar from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Baird R W upgraded Caterpillar from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 13th. Morgan Stanley upgraded shares of Caterpillar from an "underweight" rating to an "equal weight" rating and cut their price target for the company from $300.00 to $283.00 in a report on Wednesday, April 16th. UBS Group raised shares of Caterpillar from a "sell" rating to a "neutral" rating and increased their price objective for the stock from $272.00 to $357.00 in a research report on Friday, May 16th. Finally, Oppenheimer upgraded shares of Caterpillar from a "market perform" rating to an "outperform" rating and set a $395.00 target price on the stock in a report on Thursday, May 1st. Six 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 stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $372.92.

Insider Activity at Caterpillar

In related news, Director David Maclennan bought 375 shares of Caterpillar stock in a transaction dated Wednesday, May 7th. The shares were bought at an average cost of $320.70 per share, for a total transaction of $120,262.50. Following the completion of the transaction, the director now owns 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 SEC, which is available through the SEC website. Insiders own 0.33% of the company's stock.

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.