UMB Bank n.a. Has $16.42 Million Position in Caterpillar Inc. (NYSE:CAT)

UMB Bank n.a. reduced its holdings in Caterpillar Inc. (NYSE:CAT - Free Report) by 9.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 49,778 shares of the industrial products company's stock after selling 5,121 shares during the quarter. UMB Bank n.a.'s holdings in Caterpillar were worth $16,417,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the business. Sivia Capital Partners LLC increased its holdings in shares of Caterpillar by 5.4% in the first quarter. Sivia Capital Partners LLC now owns 1,151 shares of the industrial products company's stock worth $380,000 after acquiring an additional 59 shares in the last quarter. Sunflower Bank N.A. grew its holdings in shares of Caterpillar by 6.6% during the first quarter. Sunflower Bank N.A. now owns 1,355 shares of the industrial products company's stock worth $447,000 after buying an additional 84 shares in the last quarter. Vanguard Capital Wealth Advisors grew its holdings in shares of Caterpillar by 2.2% during the first quarter. Vanguard Capital Wealth Advisors now owns 3,548 shares of the industrial products company's stock worth $1,170,000 after buying an additional 78 shares in the last quarter. Stokes Capital Advisors LLC bought a new position in shares of Caterpillar during the first quarter worth about $3,606,000. Finally, Independence Bank of Kentucky grew its holdings in shares of Caterpillar by 2.0% during the first quarter. Independence Bank of Kentucky now owns 2,172 shares of the industrial products company's stock worth $716,000 after buying an additional 42 shares in the last quarter. 70.98% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CAT has been the subject of a number of research reports. Citigroup increased their price objective on Caterpillar from $320.00 to $370.00 and gave the stock a "buy" rating in a report on Monday, May 5th. Bank of America increased their price objective on Caterpillar from $335.00 to $385.00 and gave the stock a "buy" rating in a report on Friday, May 30th. Baird R W upgraded Caterpillar from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 13th. Morgan Stanley upgraded Caterpillar from an "underweight" rating to an "equal weight" rating and decreased their price objective for the stock from $300.00 to $283.00 in a report on Wednesday, April 16th. Finally, UBS Group upgraded 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 report on Friday, May 16th. Six investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $372.92.

Caterpillar Stock Up 1.3%

NYSE CAT traded up $4.53 during trading hours on Friday, hitting $353.49. 1,605,025 shares of the company traded hands, compared to its average volume of 2,597,720. Caterpillar Inc. has a twelve month low of $267.30 and a twelve month high of $418.50. The stock has a market capitalization of $166.51 billion, a price-to-earnings ratio of 16.02, a P/E/G ratio of 1.87 and a beta of 1.37. The business's 50-day moving average is $320.74 and its 200-day moving average is $349.69. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.89 and a current ratio of 1.42.

Caterpillar (NYSE:CAT - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $4.25 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.35 by ($0.10). Caterpillar had a net margin of 16.65% and a return on equity of 58.18%. The business 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 business earned $5.60 earnings per share. The business's quarterly revenue was down 9.8% on a year-over-year basis. Sell-side analysts anticipate that Caterpillar Inc. will post 19.86 earnings per share for the current year.

Caterpillar Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 20th. Stockholders of record on Monday, April 21st were given a $1.41 dividend. The ex-dividend date was Monday, April 21st. This represents a $5.64 dividend on an annualized basis and a dividend yield of 1.60%. Caterpillar's payout ratio is 27.49%.

Insider Activity

In other Caterpillar news, Director David Maclennan acquired 375 shares of the business's stock in a transaction dated Wednesday, May 7th. The stock was 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 now directly 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 legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.33% of the company's stock.

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.