Caterpillar Inc. (NYSE:CAT) Shares Sold by Tilia Fiduciary Partners Inc.

Tilia Fiduciary Partners Inc. lowered its position in shares of Caterpillar Inc. (NYSE:CAT) by 5.3% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 673 shares of the industrial products company’s stock after selling 38 shares during the period. Tilia Fiduciary Partners Inc.’s holdings in Caterpillar were worth $222,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Caterpillar by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 46,809,540 shares of the industrial products company’s stock valued at $16,980,629,000 after buying an additional 284,366 shares in the last quarter. Geode Capital Management LLC boosted its stake in Caterpillar by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 10,449,770 shares of the industrial products company’s stock valued at $3,790,841,000 after buying an additional 236,315 shares in the last quarter. Fisher Asset Management LLC boosted its stake in Caterpillar by 1.4% during the fourth quarter. Fisher Asset Management LLC now owns 9,081,775 shares of the industrial products company’s stock valued at $3,294,505,000 after buying an additional 129,143 shares in the last quarter. Northern Trust Corp boosted its stake in Caterpillar by 11.8% during the fourth quarter. Northern Trust Corp now owns 6,847,330 shares of the industrial products company’s stock valued at $2,483,937,000 after buying an additional 724,477 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Caterpillar in the 4th quarter valued at $2,184,364,000. Institutional investors own 70.98% of the company’s stock.

Caterpillar Price Performance

Shares of CAT stock opened at $353.49 on Friday. The stock’s fifty day simple moving average is $320.74 and its 200 day simple moving average is $349.69. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.42 and a quick ratio of 0.89. Caterpillar Inc. has a one year low of $267.30 and a one year high of $418.50. The firm has a market cap 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.

Caterpillar (NYSE:CAT) last released its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $4.25 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 company had revenue of $14.25 billion during the quarter, compared to the consensus estimate of $14.64 billion. During the same quarter in the prior year, the company posted $5.60 EPS. The company’s revenue for the quarter was down 9.8% compared to the same quarter last year. On average, analysts expect that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal year.

Caterpillar Dividend Announcement

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

Analyst Ratings Changes

A number of equities analysts recently weighed in on CAT shares. Oppenheimer upgraded Caterpillar from a “market perform” rating to an “outperform” rating and set a $395.00 price target for the company in a research report on Thursday, May 1st. Citigroup increased their price target on Caterpillar from $320.00 to $370.00 and gave the company a “buy” rating in a research report on Monday, May 5th. DA Davidson increased their price target on Caterpillar from $325.00 to $331.00 and gave the company a “neutral” rating in a research report on Monday, May 5th. Bank of America increased their price target on Caterpillar from $335.00 to $385.00 and gave the company a “buy” rating in a research report on Friday, May 30th. Finally, Robert W. Baird upgraded Caterpillar from a “neutral” rating to an “outperform” rating and increased their price target for the company from $309.00 to $395.00 in a research report on Tuesday, May 13th. Six research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Caterpillar has an average rating of “Moderate Buy” and a consensus price target of $372.92.

Insider Transactions at Caterpillar

In related news, Director David Maclennan bought 375 shares of the company’s stock in a transaction that occurred on Wednesday, May 7th. The shares were acquired at an average price of $320.70 per share, for a total transaction of $120,262.50. Following the completion of the acquisition, the director now owns 6,653 shares of the company’s stock, valued at approximately $2,133,617.10. The trade was a 5.97% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.33% of the stock is owned by insiders.

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.