OMERS ADMINISTRATION Corp Has $10.92 Million Holdings in Caterpillar Inc. (NYSE:CAT)

OMERS ADMINISTRATION Corp decreased its position in Caterpillar Inc. (NYSE:CAT - Free Report) by 7.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 30,107 shares of the industrial products company's stock after selling 2,370 shares during the period. OMERS ADMINISTRATION Corp's holdings in Caterpillar were worth $10,922,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. West Wealth Group LLC purchased a new position in shares of Caterpillar in the 4th quarter valued at about $230,000. Cadinha & Co. LLC acquired a new stake in shares of Caterpillar during the fourth quarter valued at $11,084,000. Atomi Financial Group Inc. raised its stake in Caterpillar by 3.9% in the 4th quarter. Atomi Financial Group Inc. now owns 23,193 shares of the industrial products company's stock valued at $8,414,000 after purchasing an additional 871 shares during the last quarter. Proficio Capital Partners LLC boosted its position in Caterpillar by 38.3% during the fourth quarter. Proficio Capital Partners LLC now owns 2,218 shares of the industrial products company's stock worth $805,000 after acquiring an additional 614 shares during the last quarter. Finally, Zhang Financial LLC increased its stake in shares of Caterpillar by 8.7% during the 4th quarter. Zhang Financial LLC now owns 9,158 shares of the industrial products company's stock valued at $3,322,000 after acquiring an additional 736 shares during the last quarter. Institutional investors and hedge funds own 70.98% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on CAT shares. Bank of America cut their target price on Caterpillar from $452.00 to $414.00 and set a "buy" rating on the stock in a research report on Friday, January 31st. JPMorgan Chase & Co. cut their price objective on Caterpillar from $490.00 to $380.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. Robert W. Baird upgraded Caterpillar from a "neutral" rating to an "outperform" rating and boosted their target price for the stock from $309.00 to $395.00 in a report on Tuesday. Wedbush raised shares of Caterpillar to an "outperform" rating in a research report on Monday, February 3rd. Finally, Baird R W raised shares of Caterpillar from a "hold" rating to a "strong-buy" rating in a research report on Tuesday. Six research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Caterpillar presently has a consensus rating of "Moderate Buy" and a consensus target price of $375.50.

Caterpillar Stock Up 1.1%

NYSE CAT traded up $3.79 during mid-day trading on Friday, reaching $353.60. 2,558,499 shares of the company's stock traded hands, compared to its average volume of 2,639,240. The company has a fifty day simple moving average of $317.14 and a 200-day simple moving average of $354.32. 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 $166.56 billion, a price-to-earnings ratio of 16.02, a P/E/G ratio of 1.87 and a beta of 1.35. The company has a current ratio of 1.42, a quick ratio of 0.89 and a debt-to-equity ratio of 1.40.

Caterpillar (NYSE:CAT - Get Free Report) last posted its quarterly 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). The business had revenue of $14.25 billion during the quarter, compared to analyst estimates of $14.64 billion. Caterpillar had a net margin of 16.65% and a return on equity of 58.18%. The company's quarterly revenue was down 9.8% on a year-over-year basis. During the same period last year, the firm posted $5.60 earnings per share. As a group, equities research analysts expect that Caterpillar Inc. will post 19.86 EPS for the current year.

Caterpillar Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 20th. Shareholders of record on Monday, April 21st will be paid a dividend of $1.41 per share. This represents a $5.64 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date is Monday, April 21st. Caterpillar's payout ratio is 27.49%.

Insider Activity

In other Caterpillar news, Director David Maclennan purchased 375 shares of the firm's stock in a transaction on Wednesday, May 7th. The shares were purchased at an average price 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 in the company, valued at $2,133,617.10. This represents a 5.97% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jason Kaiser sold 2,425 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $354.70, for a total value of $860,147.50. Following the sale, the insider now owns 6,275 shares of the company's stock, valued at $2,225,742.50. This trade represents a 27.87% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.33% of the company's stock.

About Caterpillar

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.