May Hill Capital LLC Has $314,000 Stock Holdings in Caterpillar Inc. $CAT

May Hill Capital LLC raised its holdings in Caterpillar Inc. (NYSE:CAT) by 19.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 809 shares of the industrial products company’s stock after purchasing an additional 131 shares during the quarter. May Hill Capital LLC’s holdings in Caterpillar were worth $314,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its holdings in shares of Caterpillar by 16.4% during the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 118,546 shares of the industrial products company’s stock worth $46,021,000 after buying an additional 16,700 shares in the last quarter. Advisory Alpha LLC increased its holdings in shares of Caterpillar by 4.4% during the second quarter. Advisory Alpha LLC now owns 5,275 shares of the industrial products company’s stock worth $2,048,000 after buying an additional 223 shares in the last quarter. Rossby Financial LCC increased its holdings in shares of Caterpillar by 1.3% during the second quarter. Rossby Financial LCC now owns 3,441 shares of the industrial products company’s stock worth $1,336,000 after buying an additional 44 shares in the last quarter. SYM FINANCIAL Corp increased its holdings in shares of Caterpillar by 5.9% during the second quarter. SYM FINANCIAL Corp now owns 1,062 shares of the industrial products company’s stock worth $412,000 after buying an additional 59 shares in the last quarter. Finally, Facet Wealth Inc. increased its holdings in shares of Caterpillar by 31.2% during the second quarter. Facet Wealth Inc. now owns 1,524 shares of the industrial products company’s stock worth $592,000 after buying an additional 362 shares in the last quarter. Institutional investors and hedge funds own 70.98% of the company’s stock.

Insider Activity at Caterpillar

In related news, Chairman Donald J. Umpleby III sold 17,168 shares of the firm’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $412.87, for a total value of $7,088,152.16. Following the transaction, the chairman owned 482,505 shares of the company’s stock, valued at approximately $199,211,839.35. This trade represents a 3.44% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Susan C. Schwab sold 2,324 shares of the firm’s stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $410.00, for a total transaction of $952,840.00. Following the completion of the transaction, the director directly owned 6,917 shares in the company, valued at approximately $2,835,970. The trade was a 25.15% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 55,985 shares of company stock valued at $25,559,300. 0.33% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

CAT has been the subject of several research analyst reports. Truist Financial upped their price target on shares of Caterpillar from $507.00 to $582.00 and gave the stock a “buy” rating in a report on Wednesday, October 8th. Melius upgraded Caterpillar from a “hold” rating to a “buy” rating and set a $500.00 price objective for the company in a report on Wednesday, July 9th. Jefferies Financial Group increased their price objective on Caterpillar from $500.00 to $570.00 and gave the company a “buy” rating in a report on Wednesday, October 8th. Barclays increased their price objective on Caterpillar from $425.00 to $485.00 and gave the company an “equal weight” rating in a report on Friday, October 17th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Caterpillar in a report on Tuesday, October 14th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $518.19.

Caterpillar Price Performance

CAT stock opened at $527.12 on Tuesday. The stock has a market capitalization of $246.95 billion, a PE ratio of 26.81, a price-to-earnings-growth ratio of 2.98 and a beta of 1.46. The company’s 50-day moving average is $466.75 and its 200-day moving average is $401.50. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.34 and a quick ratio of 0.81. Caterpillar Inc. has a 1 year low of $267.30 and a 1 year high of $544.99.

Caterpillar (NYSE:CAT) last released its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $4.72 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.88 by ($0.16). The company had revenue of $16.57 billion for the quarter, compared to the consensus estimate of $16.14 billion. Caterpillar had a return on equity of 48.95% and a net margin of 14.95%.Caterpillar’s revenue for the quarter was down .7% compared to the same quarter last year. During the same period last year, the company earned $5.99 EPS. Equities research analysts expect that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

Caterpillar Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 20th. Investors of record on Monday, October 20th will be given a $1.51 dividend. The ex-dividend date of this dividend is Monday, October 20th. This represents a $6.04 annualized dividend and a yield of 1.1%. Caterpillar’s dividend payout ratio (DPR) is presently 30.72%.

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.