Sawtooth Solutions LLC grew its holdings in Caterpillar Inc. (NYSE:CAT) by 18.8% during the first quarter, HoldingsChannel.com reports. The firm owned 25,820 shares of the industrial products company’s stock after acquiring an additional 4,090 shares during the quarter. Sawtooth Solutions LLC’s holdings in Caterpillar were worth $3,474,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. 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. Paragon Capital Management LLC bought a new stake in Caterpillar during the first quarter valued at about $40,000. PRW Wealth Management LLC bought a new stake in Caterpillar during the fourth quarter valued at about $43,000. Finally, Legacy Advisors LLC bought a new stake in Caterpillar during the first quarter valued at about $47,000. Institutional investors and hedge funds own 65.66% of the company’s stock.

Shares of NYSE CAT opened at $127.23 on Friday. 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 $72.73 billion, a price-to-earnings ratio of 11.34, a price-to-earnings-growth ratio of 0.87 and a beta of 1.52. Caterpillar Inc. has a fifty-two week low of $112.06 and a fifty-two 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 for the quarter, topping the consensus estimate of $2.84 by $0.10. The business had revenue of $13.47 billion during the quarter, compared to the consensus estimate of $13.36 billion. Caterpillar had a return on equity of 45.08% and a net margin of 11.50%. The company’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the company earned $2.82 earnings per share. On average, equities analysts anticipate that Caterpillar Inc. will post 12.24 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 20th. Shareholders of record on Monday, July 22nd will be issued a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 3.24%. The ex-dividend date of this dividend is Friday, July 19th. This is an increase from Caterpillar’s previous quarterly dividend of $0.86. Caterpillar’s dividend payout ratio (DPR) is currently 30.66%.

A number of brokerages recently weighed in on CAT. UBS Group set a $125.00 price objective on Caterpillar and gave the company a “sell” rating in a research report on Friday, May 3rd. Zacks Investment Research raised Caterpillar from a “hold” rating to a “buy” rating and set a $157.00 price objective on the stock in a research report on Tuesday, April 2nd. Bank of America set a $152.00 price objective on Caterpillar and gave the company a “buy” rating in a research report on Thursday, April 4th. Macquarie set a $115.00 price objective on Caterpillar and gave the company a “sell” rating in a research report on Tuesday. Finally, Standpoint Research raised Caterpillar from a “hold” rating to a “buy” rating in a research report on Wednesday, June 5th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $145.39.

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Caterpillar 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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