Mastrapasqua Asset Management Inc. raised its stake in shares of Caterpillar, Inc. (NYSE:CAT) by 35.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,550 shares of the industrial products company’s stock after buying an additional 1,460 shares during the period. Mastrapasqua Asset Management Inc.’s holdings in Caterpillar were worth $515,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Howe & Rusling Inc. raised its position in Caterpillar by 52.0% in the first quarter. Howe & Rusling Inc. now owns 1,087 shares of the industrial products company’s stock valued at $101,000 after buying an additional 372 shares in the last quarter. First Personal Financial Services raised its position in Caterpillar by 167.4% in the first quarter. First Personal Financial Services now owns 1,198 shares of the industrial products company’s stock valued at $111,000 after buying an additional 750 shares in the last quarter. Financial Architects Inc raised its position in Caterpillar by 5.7% in the first quarter. Financial Architects Inc now owns 1,215 shares of the industrial products company’s stock valued at $113,000 after buying an additional 65 shares in the last quarter. Advantage Investment Management LLC acquired a new position in Caterpillar during the fourth quarter valued at approximately $125,000. Finally, Ledyard National Bank raised its position in Caterpillar by 145.7% in the first quarter. Ledyard National Bank now owns 1,425 shares of the industrial products company’s stock valued at $132,000 after buying an additional 845 shares in the last quarter. 70.70% of the stock is currently owned by institutional investors.

Caterpillar, Inc. (CAT) opened at 107.32 on Friday. Caterpillar, Inc. has a 12 month low of $78.34 and a 12 month high of $110.00. The stock’s market capitalization is $63.22 billion. The company’s 50-day moving average is $106.32 and its 200-day moving average is $99.06.

Caterpillar (NYSE:CAT) last issued its earnings results on Tuesday, April 25th. The industrial products company reported $1.28 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.66. Caterpillar had a negative net margin of 0.38% and a positive return on equity of 16.46%. The company had revenue of $9.82 billion for the quarter, compared to analysts’ expectations of $9.27 billion. During the same period in the prior year, the business earned $0.67 EPS. The firm’s quarterly revenue was up 3.8% on a year-over-year basis. Equities research analysts forecast that Caterpillar, Inc. will post $4.27 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Saturday, August 19th. Shareholders of record on Thursday, July 20th will be issued a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 2.91%. This is a boost from Caterpillar’s previous quarterly dividend of $0.77. The ex-dividend date of this dividend is Tuesday, July 18th. Caterpillar’s dividend payout ratio is presently -1,155.51%.

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CAT has been the topic of several recent research reports. Zacks Investment Research raised shares of Caterpillar from a “hold” rating to a “buy” rating and set a $107.00 target price on the stock in a report on Monday, April 10th. Deutsche Bank AG reduced their target price on shares of Caterpillar from $108.00 to $105.00 and set a “buy” rating on the stock in a report on Thursday, April 6th. Raymond James Financial, Inc. raised shares of Caterpillar to a “buy” rating and set a $55.00 target price on the stock in a report on Thursday, April 27th. Vetr raised shares of Caterpillar from a “sell” rating to a “buy” rating and set a $107.75 price target on the stock in a report on Monday, May 8th. Finally, Bank of America Corporation raised shares of Caterpillar from a “neutral” rating to a “buy” rating and raised their price target for the stock from $105.00 to $120.00 in a report on Thursday, May 11th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $97.72.

Caterpillar Company Profile

Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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