Caterpillar Inc. (NYSE:CAT) Shares Sold by United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund

Key Points

• United Super Pty Ltd sold 1,800 shares of Caterpillar Inc., reducing its holdings by 52.9% to 1,600 shares, valued at approximately $528,000.
• Caterpillar's earnings per share for the last quarter were $4.25, missing analysts' expectations of $4.35, with revenue decreasing by 9.8% year-over-year.
• The company announced an increase in its quarterly dividend from $1.41 to $1.51 per share, representing an annualized yield of 1.4%.

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund lowered its position in Caterpillar Inc. (NYSE:CAT - Free Report) by 52.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,600 shares of the industrial products company's stock after selling 1,800 shares during the period. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund's holdings in Caterpillar were worth $528,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Victrix Investment Advisors bought a new stake in shares of Caterpillar during the fourth quarter valued at approximately $2,090,000. Pacific Point Advisors LLC bought a new stake in Caterpillar during the 4th quarter valued at $579,000. Wealth Enhancement Advisory Services LLC increased its position in Caterpillar by 18.6% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 191,640 shares of the industrial products company's stock valued at $63,202,000 after purchasing an additional 30,070 shares during the period. Crestwood Advisors Group LLC lifted its holdings in Caterpillar by 3.4% during the first quarter. Crestwood Advisors Group LLC now owns 22,689 shares of the industrial products company's stock worth $7,483,000 after buying an additional 743 shares during the period. Finally, Liberty Square Wealth Partners LLC raised its holdings in Caterpillar by 5.8% in the first quarter. Liberty Square Wealth Partners LLC now owns 1,636 shares of the industrial products company's stock worth $540,000 after purchasing an additional 90 shares in the last quarter. Institutional investors own 70.98% of the company's stock.

Insider Transactions at Caterpillar

In other news, Director David Maclennan bought 375 shares of Caterpillar 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 completion of the acquisition, the director directly owned 6,653 shares of the company's stock, valued at $2,133,617.10. The trade was a 5.97% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.33% of the company's stock.

Caterpillar Price Performance

Shares of NYSE:CAT traded up $5.52 during midday trading on Monday, reaching $434.21. 4,055,586 shares of the company's stock traded hands, compared to its average volume of 2,735,397. The company has a market cap of $204.53 billion, a P/E ratio of 21.16, a PEG ratio of 2.68 and a beta of 1.40. The company has a fifty day simple moving average of $385.66 and a two-hundred day simple moving average of $354.03. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.77 and a current ratio of 1.32. Caterpillar Inc. has a 1 year low of $267.30 and a 1 year high of $441.15.

Caterpillar Increases Dividend

The company also recently disclosed 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. This represents a $6.04 annualized dividend and a yield of 1.4%. The ex-dividend date is Monday, July 21st. This is a positive change from Caterpillar's previous quarterly dividend of $1.41. Caterpillar's payout ratio is presently 29.43%.

Wall Street Analysts Forecast Growth

CAT has been the topic of several recent analyst reports. Sanford C. Bernstein restated a "market perform" rating on shares of Caterpillar in a report on Monday, July 14th. Melius raised Caterpillar from a "hold" rating to a "buy" rating and set a $500.00 price target for the company in a research report on Wednesday, July 9th. Baird R W upgraded Caterpillar from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 13th. Citigroup reiterated a "buy" rating and issued a $420.00 target price (up previously from $370.00) on shares of Caterpillar in a research report on Tuesday, June 24th. Finally, UBS Group upgraded shares of Caterpillar from a "sell" rating to a "neutral" rating and lifted their price objective for the company from $272.00 to $357.00 in a research note on Friday, May 16th. Seven 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's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $419.33.

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.