Caterpillar Inc. $CAT Stake Reduced by O Domhnaill Enterprises Inc.

O Domhnaill Enterprises Inc. trimmed its stake in Caterpillar Inc. (NYSE:CAT) by 19.1% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 3,783 shares of the industrial products company’s stock after selling 894 shares during the quarter. Caterpillar makes up about 2.2% of O Domhnaill Enterprises Inc.’s investment portfolio, making the stock its 16th largest holding. O Domhnaill Enterprises Inc.’s holdings in Caterpillar were worth $2,680,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of CAT. Axxcess Wealth Management LLC boosted its holdings in shares of Caterpillar by 2.8% in the fourth quarter. Axxcess Wealth Management LLC now owns 22,420 shares of the industrial products company’s stock valued at $12,844,000 after acquiring an additional 604 shares in the last quarter. Juno Financial Group LLC bought a new stake in Caterpillar during the fourth quarter worth approximately $877,000. DSG Capital Advisors LLC acquired a new stake in Caterpillar in the first quarter worth approximately $1,226,000. Gotham Asset Management LLC boosted its stake in Caterpillar by 19.1% during the 3rd quarter. Gotham Asset Management LLC now owns 116,589 shares of the industrial products company’s stock valued at $55,630,000 after purchasing an additional 18,676 shares in the last quarter. Finally, Cornerstone Planning LLC acquired a new position in shares of Caterpillar during the 4th quarter valued at $4,517,000. Institutional investors own 70.98% of the company’s stock.

Caterpillar Stock Down 5.4%

Shares of CAT stock traded down $52.02 on Tuesday, hitting $917.89. The company’s stock had a trading volume of 1,180,278 shares, compared to its average volume of 2,884,381. Caterpillar Inc. has a fifty-two week low of $391.52 and a fifty-two week high of $1,073.46. The firm’s fifty day moving average price is $921.01 and its 200-day moving average price is $772.97. The stock has a market capitalization of $422.78 billion, a price-to-earnings ratio of 45.51, a P/E/G ratio of 1.90 and a beta of 1.57. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.35 and a quick ratio of 0.81.

Caterpillar (NYSE:CAT) last released its earnings results on Thursday, April 30th. The industrial products company reported $5.54 EPS for the quarter, beating the consensus estimate of $4.65 by $0.89. Caterpillar had a net margin of 13.33% and a return on equity of 48.21%. The firm had revenue of $17.41 billion during the quarter, compared to analysts’ expectations of $16.53 billion. During the same period in the prior year, the company earned $4.25 EPS. The business’s quarterly revenue was up 22.2% compared to the same quarter last year. Research analysts anticipate that Caterpillar Inc. will post 24.71 EPS for the current year.

Caterpillar Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 19th. Investors of record on Monday, July 20th will be issued a dividend of $1.63 per share. The ex-dividend date of this dividend is Monday, July 20th. This represents a $6.52 annualized dividend and a yield of 0.7%. This is an increase from Caterpillar’s previous quarterly dividend of $1.51. Caterpillar’s payout ratio is 32.45%.

Analysts Set New Price Targets

A number of analysts have recently commented on CAT shares. UBS Group reissued a “neutral” rating and issued a $900.00 price objective on shares of Caterpillar in a research note on Tuesday, June 2nd. Citigroup lifted their target price on Caterpillar from $905.00 to $1,020.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Evercore reiterated an “outperform” rating and issued a $1,103.00 price target on shares of Caterpillar in a research report on Monday, May 11th. Wall Street Zen upgraded shares of Caterpillar from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Finally, Sanford C. Bernstein lifted their price objective on shares of Caterpillar from $769.00 to $879.00 and gave the stock a “market perform” rating in a research note on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $949.41.

Insider Buying and Selling at Caterpillar

In other news, insider Denise C. Johnson sold 12,605 shares of the stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $907.91, for a total transaction of $11,444,205.55. Following the sale, the insider directly owned 49,825 shares of the company’s stock, valued at $45,236,615.75. This represents a 20.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Andrew R. J. Bonfield sold 15,674 shares of Caterpillar stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $918.71, for a total value of $14,399,860.54. Following the completion of the sale, the chief financial officer directly owned 52,935 shares of the company’s stock, valued at $48,631,913.85. This trade represents a 22.85% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 95,773 shares of company stock worth $87,642,635 over the last 90 days. Company insiders own 0.33% of the company’s stock.

Caterpillar Profile

Caterpillar Inc is a global manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and locomotives. The company’s product portfolio includes earthmoving machines such as excavators, bulldozers, wheel loaders and off‑highway trucks, as well as a range of power generation products including generator sets and power systems for industrial and commercial use. Caterpillar serves customers across heavy construction, mining, energy, transportation and related industries with both equipment and integrated technology solutions.

In addition to manufacturing, Caterpillar provides a broad range of aftermarket parts and support services, including maintenance, repair, remanufacturing and fleet management tools.