Delta Asset Management LLC TN increased its position in Caterpillar, Inc. (NYSE:CAT) by 0.9% during the second quarter, Holdings Channel reports. The institutional investor owned 62,755 shares of the industrial products company’s stock after buying an additional 556 shares during the period. Caterpillar accounts for approximately 1.0% of Delta Asset Management LLC TN’s portfolio, making the stock its 28th largest position. Delta Asset Management LLC TN’s holdings in Caterpillar were worth $6,744,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. S. R. Schill & Associates raised its position in shares of Caterpillar by 0.3% in the first quarter. S. R. Schill & Associates now owns 2,204 shares of the industrial products company’s stock worth $204,000 after buying an additional 6 shares in the last quarter. Northstar Group Inc. raised its position in shares of Caterpillar by 0.3% in the second quarter. Northstar Group Inc. now owns 2,385 shares of the industrial products company’s stock worth $256,000 after buying an additional 8 shares in the last quarter. Clearbridge Investments LLC raised its position in shares of Caterpillar by 0.3% in the first quarter. Clearbridge Investments LLC now owns 3,635 shares of the industrial products company’s stock worth $337,000 after buying an additional 10 shares in the last quarter. Toth Financial Advisory Corp raised its position in shares of Caterpillar by 0.3% in the second quarter. Toth Financial Advisory Corp now owns 3,915 shares of the industrial products company’s stock worth $421,000 after buying an additional 10 shares in the last quarter. Finally, Tarbox Family Office Inc. raised its position in shares of Caterpillar by 0.4% in the second quarter. Tarbox Family Office Inc. now owns 2,887 shares of the industrial products company’s stock worth $310,000 after buying an additional 12 shares in the last quarter. Hedge funds and other institutional investors own 70.53% of the company’s stock.

Caterpillar, Inc. (CAT) traded down 0.27% on Friday, reaching $112.85. 2,130,558 shares of the company traded hands. The stock has a market capitalization of $66.69 billion, a price-to-earnings ratio of 630.45 and a beta of 1.25. The stock has a 50 day moving average of $109.77 and a 200-day moving average of $101.19. Caterpillar, Inc. has a 1-year low of $79.93 and a 1-year high of $115.46.

Caterpillar (NYSE:CAT) last posted its earnings results on Tuesday, July 25th. The industrial products company reported $1.49 EPS for the quarter, beating the Zacks’ consensus estimate of $1.26 by $0.23. Caterpillar had a net margin of 0.27% and a return on equity of 18.52%. The company had revenue of $11.33 billion for the quarter, compared to analysts’ expectations of $10.96 billion. During the same quarter in the prior year, the company posted $1.09 earnings per share. Caterpillar’s revenue for the quarter was up 9.6% compared to the same quarter last year. On average, equities analysts anticipate that Caterpillar, Inc. will post $5.24 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Saturday, August 19th. Shareholders of record on Thursday, July 20th will be given a $0.78 dividend. The ex-dividend date of this dividend is Tuesday, July 18th. This represents a $3.12 dividend on an annualized basis and a yield of 2.76%. This is a boost from Caterpillar’s previous quarterly dividend of $0.77. Caterpillar’s dividend payout ratio is presently 2,080.00%.

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A number of equities analysts recently weighed in on the stock. UBS AG restated a “neutral” rating and set a $102.00 target price (up previously from $98.00) on shares of Caterpillar in a research report on Friday, April 28th. Wells Fargo & Company restated an “outperform” rating on shares of Caterpillar in a research report on Wednesday, July 26th. Vetr upgraded shares of Caterpillar from a “strong sell” rating to a “buy” rating and set a $120.03 target price for the company in a research report on Thursday. Axiom Securities restated a “sell” rating on shares of Caterpillar in a research report on Tuesday, June 6th. Finally, Citigroup Inc. upped their target price on shares of Caterpillar from $115.00 to $125.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 26th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $107.15.

In other Caterpillar news, insider Bradley M. Halverson sold 182,612 shares of the company’s stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $114.05, for a total value of $20,826,898.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Suzette M. Long sold 13,859 shares of the company’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $114.30, for a total transaction of $1,584,083.70. Following the completion of the transaction, the insider now directly owns 18,188 shares in the company, valued at approximately $2,078,888.40. The disclosure for this sale can be found here. Insiders sold 201,471 shares of company stock worth $22,979,332 in the last ninety days. 0.15% of the stock is currently owned by corporate insiders.

Caterpillar Company Profile

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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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