Domani Wealth LLC trimmed its holdings in Caterpillar Inc. (NYSE:CAT) by 49.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,551 shares of the industrial products company’s stock after selling 1,491 shares during the quarter. Domani Wealth LLC’s holdings in Caterpillar were worth $210,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Loeb Partners Corp bought a new stake in Caterpillar during the fourth quarter valued at about $25,000. Clarfeld Financial Advisors LLC bought a new stake in Caterpillar during the fourth quarter valued at about $26,000. Bartlett & Co. LLC boosted its position in Caterpillar by 150.0% during the fourth quarter. Bartlett & Co. LLC now owns 250 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 150 shares in the last quarter. Paragon Capital Management LLC bought a new stake in Caterpillar during the first quarter valued at about $40,000. Finally, PRW Wealth Management LLC bought a new stake in Caterpillar during the fourth quarter valued at about $43,000. Institutional investors and hedge funds own 67.63% of the company’s stock.
Shares of Caterpillar stock traded down $1.39 on Wednesday, reaching $123.56. The company’s stock had a trading volume of 4,619,600 shares, compared to its average volume of 4,536,419. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.43 and a quick ratio of 0.98. The stock has a market capitalization of $69.59 billion, a PE ratio of 11.01, a price-to-earnings-growth ratio of 0.84 and a beta of 1.45. Caterpillar Inc. has a 52-week low of $112.06 and a 52-week high of $159.37.
Caterpillar (NYSE:CAT) last issued its quarterly earnings results on Wednesday, April 24th. The industrial products company reported $2.94 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.84 by $0.10. The firm had revenue of $13.47 billion for the quarter, compared to analyst estimates of $13.36 billion. Caterpillar had a return on equity of 45.08% and a net margin of 11.50%. The business’s revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the company posted $2.82 earnings per share. On average, equities research analysts anticipate that Caterpillar Inc. will post 12.24 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 20th. Stockholders of record on Monday, July 22nd will be paid a $1.03 dividend. The ex-dividend date is Friday, July 19th. This is a positive change from Caterpillar’s previous quarterly dividend of $0.86. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.33%. Caterpillar’s payout ratio is currently 30.66%.
CAT has been the subject of several recent analyst reports. Zacks Investment Research raised Caterpillar from a “hold” rating to a “buy” rating and set a $157.00 price target for the company in a report on Tuesday, April 2nd. Bank of America set a $152.00 price target on Caterpillar and gave the stock a “buy” rating in a report on Thursday, April 4th. UBS Group set a $125.00 price target on Caterpillar and gave the stock a “sell” rating in a report on Thursday, April 4th. Deutsche Bank downgraded Caterpillar from a “buy” rating to a “hold” rating and lowered their price target for the stock from $152.00 to $128.00 in a report on Wednesday, April 3rd. Finally, Morgan Stanley set a $165.00 price target on Caterpillar and gave the stock a “buy” rating in a report on Wednesday, April 10th. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and thirteen have assigned a buy rating to the company’s stock. Caterpillar presently has an average rating of “Hold” and a consensus target price of $145.39.
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Caterpillar Company Profile
Caterpillar, Inc engages in the manufacture of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. It operates through the following segments: Construction Industries, Resource Industries, Energy and Transportation, Financial Products, and All Other.
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