Caterpillar Inc. (NYSE:CAT) Shares Bought by Silvia Mccoll Wealth Management LLC

Silvia Mccoll Wealth Management LLC raised its stake in Caterpillar Inc. (NYSE:CAT) by 6.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,822 shares of the industrial products company’s stock after purchasing an additional 118 shares during the quarter. Silvia Mccoll Wealth Management LLC’s holdings in Caterpillar were worth $678,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of CAT. Bank of Nova Scotia boosted its stake in shares of Caterpillar by 12.5% in the third quarter. Bank of Nova Scotia now owns 47,708 shares of the industrial products company’s stock valued at $13,024,000 after buying an additional 5,317 shares in the last quarter. Waverly Advisors LLC boosted its stake in shares of Caterpillar by 9.3% in the third quarter. Waverly Advisors LLC now owns 7,919 shares of the industrial products company’s stock valued at $2,162,000 after buying an additional 676 shares in the last quarter. Hodges Capital Management Inc. purchased a new stake in shares of Caterpillar in the third quarter valued at approximately $4,357,000. Lazard Asset Management LLC boosted its stake in shares of Caterpillar by 5.4% in the third quarter. Lazard Asset Management LLC now owns 1,399,888 shares of the industrial products company’s stock valued at $382,168,000 after buying an additional 71,344 shares in the last quarter. Finally, Gateway Advisory LLC boosted its stake in shares of Caterpillar by 2.4% in the third quarter. Gateway Advisory LLC now owns 18,245 shares of the industrial products company’s stock valued at $4,981,000 after buying an additional 429 shares in the last quarter. 70.98% of the stock is currently owned by hedge funds and other institutional investors.

Caterpillar Trading Down 1.2 %

Caterpillar stock traded down $4.02 during trading on Monday, hitting $329.08. The company’s stock had a trading volume of 2,941,653 shares, compared to its average volume of 2,722,123. The stock has a market capitalization of $160.94 billion, a price-to-earnings ratio of 14.86, a P/E/G ratio of 1.71 and a beta of 1.12. The stock’s fifty day moving average is $339.74 and its 200 day moving average is $329.78. Caterpillar Inc. has a 1-year low of $223.76 and a 1-year high of $382.01. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.83 and a current ratio of 1.35.

Caterpillar (NYSE:CAT) last posted its quarterly earnings results on Thursday, April 25th. The industrial products company reported $5.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.12 by $0.48. Caterpillar had a return on equity of 58.61% and a net margin of 16.79%. The firm had revenue of $15.80 billion during the quarter, compared to the consensus estimate of $16.07 billion. As a group, equities research analysts predict that Caterpillar Inc. will post 21.84 EPS for the current year.

Caterpillar Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 20th. Shareholders of record on Monday, July 22nd will be given a dividend of $1.41 per share. This represents a $5.64 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date of this dividend is Monday, July 22nd. This is an increase from Caterpillar’s previous quarterly dividend of $1.30. Caterpillar’s payout ratio is 23.48%.

Caterpillar announced that its Board of Directors has authorized a share repurchase program on Wednesday, June 12th that authorizes the company to buyback $20.00 billion in outstanding shares. This buyback authorization authorizes the industrial products company to purchase up to 12.7% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on CAT shares. Oppenheimer restated a “market perform” rating on shares of Caterpillar in a research note on Thursday, April 18th. Stifel Nicolaus downgraded Caterpillar from a “buy” rating to a “hold” rating and boosted their target price for the stock from $293.00 to $350.00 in a research report on Friday, April 26th. Raymond James initiated coverage on Caterpillar in a research report on Friday. They set a “market perform” rating on the stock. TD Cowen boosted their target price on Caterpillar from $338.00 to $340.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Finally, HSBC boosted their price target on Caterpillar from $330.00 to $360.00 and gave the stock a “hold” rating in a report on Tuesday, April 30th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $329.63.

Insider Buying and Selling at Caterpillar

In related news, insider Lange Bob De sold 21,847 shares of the stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $356.90, for a total value of $7,797,194.30. Following the completion of the transaction, the insider now owns 71,115 shares of the company’s stock, valued at $25,380,943.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Caterpillar news, insider Cheryl H. Johnson sold 1,508 shares of the company’s stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $340.00, for a total transaction of $512,720.00. Following the sale, the insider now owns 20,023 shares in the company, valued at $6,807,820. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Lange Bob De sold 21,847 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $356.90, for a total value of $7,797,194.30. Following the sale, the insider now owns 71,115 shares in the company, valued at approximately $25,380,943.50. The disclosure for this sale can be found here. 0.33% of the stock is owned by company 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.