Caterpillar Inc. (NYSE:CAT) Stock Position Lifted by Community Bank & Trust Waco Texas

Community Bank & Trust Waco Texas boosted its stake in shares of Caterpillar Inc. (NYSE:CATGet Rating) by 4.9% during the first quarter, HoldingsChannel.com reports. The firm owned 22,363 shares of the industrial products company’s stock after acquiring an additional 1,041 shares during the period. Caterpillar makes up about 1.4% of Community Bank & Trust Waco Texas’ portfolio, making the stock its 24th largest holding. Community Bank & Trust Waco Texas’ holdings in Caterpillar were worth $4,983,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CAT. Waypoint Capital Advisors LLC increased its stake in shares of Caterpillar by 3.0% during the 1st quarter. Waypoint Capital Advisors LLC now owns 1,520 shares of the industrial products company’s stock worth $338,000 after purchasing an additional 44 shares during the last quarter. Ballast Inc. boosted its holdings in shares of Caterpillar by 1.7% during the 1st quarter. Ballast Inc. now owns 2,880 shares of the industrial products company’s stock worth $641,000 after buying an additional 47 shares during the period. Next Level Private LLC boosted its holdings in shares of Caterpillar by 3.9% during the 1st quarter. Next Level Private LLC now owns 1,267 shares of the industrial products company’s stock worth $282,000 after buying an additional 47 shares during the period. REDW Wealth LLC boosted its holdings in shares of Caterpillar by 2.7% during the 4th quarter. REDW Wealth LLC now owns 1,878 shares of the industrial products company’s stock worth $388,000 after buying an additional 50 shares during the period. Finally, Pacifica Partners Inc. boosted its holdings in shares of Caterpillar by 7.5% during the 1st quarter. Pacifica Partners Inc. now owns 715 shares of the industrial products company’s stock worth $138,000 after buying an additional 50 shares during the period. 67.44% of the stock is owned by hedge funds and other institutional investors.

Caterpillar Price Performance

CAT stock traded down $2.91 during trading on Wednesday, reaching $194.61. 34,791 shares of the company were exchanged, compared to its average volume of 2,770,444. The company has a 50-day moving average of $187.73 and a two-hundred day moving average of $202.81. The company has a market capitalization of $102.74 billion, a price-to-earnings ratio of 15.65, a P/E/G ratio of 1.29 and a beta of 1.01. Caterpillar Inc. has a twelve month low of $167.08 and a twelve month high of $237.90. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.45 and a quick ratio of 0.90.

Caterpillar (NYSE:CATGet Rating) last released its quarterly earnings data on Tuesday, August 2nd. The industrial products company reported $3.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.01 by $0.17. The business had revenue of $14.25 billion during the quarter, compared to analysts’ expectations of $14.39 billion. Caterpillar had a net margin of 12.50% and a return on equity of 37.29%. The firm’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same period in the prior year, the company earned $2.60 EPS. As a group, equities analysts predict that Caterpillar Inc. will post 12.69 earnings per share for the current fiscal year.

Caterpillar Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 19th. Shareholders of record on Wednesday, July 20th will be given a $1.20 dividend. This is a boost from Caterpillar’s previous quarterly dividend of $1.11. This represents a $4.80 annualized dividend and a yield of 2.47%. The ex-dividend date is Tuesday, July 19th. Caterpillar’s dividend payout ratio is 38.40%.

Wall Street Analyst Weigh In

CAT has been the subject of several research analyst reports. Cowen reduced their target price on shares of Caterpillar from $255.00 to $225.00 and set an “outperform” rating for the company in a report on Thursday, July 7th. Cowen cut their price objective on shares of Caterpillar from $255.00 to $225.00 and set an “outperform” rating for the company in a report on Thursday, July 7th. Citigroup boosted their price objective on shares of Caterpillar to $195.00 in a report on Monday. Daiwa Capital Markets cut their price objective on shares of Caterpillar to $190.00 in a report on Tuesday, August 9th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Caterpillar from $250.00 to $205.00 and set an “overweight” rating for the company in a report on Tuesday, July 12th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $223.38.

About Caterpillar

(Get Rating)

Caterpillar Inc manufactures and sells construction and mining equipment, diesel and natural gas engines, and industrial gas turbines worldwide. Its Construction Industries segment offers asphalt pavers, backhoe loaders, compactors, cold planers, compact track and multi-terrain loaders, excavators, motorgraders, pipelayers, road reclaimers, site prep tractors, skid steer loaders, telehandlers, and utility vehicles; mini, small, medium, and large excavators; compact, small, and medium wheel loaders; track-type tractors and loaders; and wheel excavators.

Recommended Stories

Want to see what other hedge funds are holding CAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Caterpillar Inc. (NYSE:CATGet Rating).

Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

Receive News & Ratings for Caterpillar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Caterpillar and related companies with MarketBeat.com's FREE daily email newsletter.