KG&L Capital Management LLC grew its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 0.8% during the first quarter, Holdings Channel reports. The institutional investor owned 13,148 shares of the industrial products company’s stock after purchasing an additional 99 shares during the quarter. Caterpillar accounts for 1.8% of KG&L Capital Management LLC’s investment portfolio, making the stock its 10th biggest position. KG&L Capital Management LLC’s holdings in Caterpillar were worth $1,782,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Oakworth Capital Inc. raised its holdings in Caterpillar by 11.0% during the first quarter. Oakworth Capital Inc. now owns 808 shares of the industrial products company’s stock worth $109,000 after purchasing an additional 80 shares in the last quarter. Cambridge Trust Co. raised its holdings in Caterpillar by 3.5% during the first quarter. Cambridge Trust Co. now owns 2,425 shares of the industrial products company’s stock worth $329,000 after purchasing an additional 83 shares in the last quarter. Highland Private Wealth Management raised its holdings in Caterpillar by 4.9% during the first quarter. Highland Private Wealth Management now owns 1,860 shares of the industrial products company’s stock worth $252,000 after purchasing an additional 87 shares in the last quarter. Ipswich Investment Management Co. Inc. raised its holdings in Caterpillar by 0.3% during the first quarter. Ipswich Investment Management Co. Inc. now owns 35,714 shares of the industrial products company’s stock worth $4,839,000 after purchasing an additional 90 shares in the last quarter. Finally, Investors Asset Management of Georgia Inc. GA ADV raised its holdings in Caterpillar by 1.2% during the first quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 7,328 shares of the industrial products company’s stock worth $993,000 after purchasing an additional 90 shares in the last quarter. 66.67% of the stock is currently owned by institutional investors.

NYSE CAT opened at $122.90 on Friday. Caterpillar Inc. has a twelve month low of $112.06 and a twelve month high of $159.37. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.98 and a current ratio of 1.43. The company has a market cap of $70.28 billion, a price-to-earnings ratio of 10.95, a PEG ratio of 0.85 and a beta of 1.45.

Caterpillar (NYSE:CAT) last posted its quarterly earnings data on Wednesday, April 24th. The industrial products company reported $2.94 earnings per share for the quarter, topping the consensus estimate of $2.84 by $0.10. Caterpillar had a net margin of 11.50% and a return on equity of 45.08%. The firm had revenue of $13.47 billion for the quarter, compared to analysts’ expectations of $13.36 billion. During the same period in the previous year, the company posted $2.82 EPS. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. As a group, equities analysts expect that Caterpillar Inc. will post 12.24 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 20th. Shareholders of record on Monday, July 22nd will be given a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a yield of 3.35%. This is a boost from Caterpillar’s previous quarterly dividend of $0.86. The ex-dividend date of this dividend is Friday, July 19th. Caterpillar’s payout ratio is presently 30.66%.

Several equities research analysts recently commented on CAT shares. UBS Group set a $154.00 target price on Caterpillar and gave the stock a “buy” rating in a report on Tuesday, January 29th. Robert W. Baird set a $161.00 price target on shares of Caterpillar and gave the stock a “buy” rating in a research report on Tuesday, January 29th. Bank of America set a $152.00 price target on shares of Caterpillar and gave the stock a “buy” rating in a research report on Tuesday, January 29th. Morgan Stanley set a $160.00 price target on shares of Caterpillar and gave the stock a “buy” rating in a research report on Tuesday, January 29th. Finally, JPMorgan Chase & Co. restated a “buy” rating and issued a $188.00 price target on shares of Caterpillar in a research report on Monday, January 28th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and thirteen have issued a buy rating to the stock. Caterpillar currently has an average rating of “Hold” and an average 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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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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