Mitchell Mcleod Pugh & Williams Inc. Has $3.10 Million Holdings in Caterpillar Inc. (NYSE:CAT)

Mitchell Mcleod Pugh & Williams Inc. cut its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 0.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,480 shares of the industrial products company’s stock after selling 84 shares during the quarter. Caterpillar makes up 0.8% of Mitchell Mcleod Pugh & Williams Inc.’s portfolio, making the stock its 27th largest position. Mitchell Mcleod Pugh & Williams Inc.’s holdings in Caterpillar were worth $3,099,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Northern Trust Corp lifted its position in Caterpillar by 1.6% during the 3rd quarter. Northern Trust Corp now owns 6,962,809 shares of the industrial products company’s stock worth $1,900,847,000 after buying an additional 111,384 shares in the last quarter. Morgan Stanley raised its holdings in shares of Caterpillar by 0.7% in the 3rd quarter. Morgan Stanley now owns 6,830,849 shares of the industrial products company’s stock valued at $1,864,823,000 after purchasing an additional 47,258 shares during the period. FMR LLC raised its holdings in shares of Caterpillar by 14.9% in the 3rd quarter. FMR LLC now owns 6,038,207 shares of the industrial products company’s stock valued at $1,648,431,000 after purchasing an additional 781,111 shares during the period. International Assets Investment Management LLC raised its holdings in shares of Caterpillar by 28,603.5% in the 4th quarter. International Assets Investment Management LLC now owns 1,494,018 shares of the industrial products company’s stock valued at $4,417,360,000 after purchasing an additional 1,488,813 shares during the period. Finally, Lazard Asset Management LLC raised its holdings in shares of Caterpillar by 5.4% in the 3rd quarter. Lazard Asset Management LLC now owns 1,399,888 shares of the industrial products company’s stock valued at $382,168,000 after purchasing an additional 71,344 shares during the period. 70.98% of the stock is owned by institutional investors.

Caterpillar Price Performance

NYSE:CAT traded up $4.18 during trading hours on Monday, hitting $347.56. 467,848 shares of the company’s stock traded hands, compared to its average volume of 2,470,852. The firm has a market cap of $173.57 billion, a P/E ratio of 15.69, a P/E/G ratio of 1.52 and a beta of 1.17. Caterpillar Inc. has a 52 week low of $205.60 and a 52 week high of $382.01. The business’s fifty day simple moving average is $350.10 and its two-hundred day simple moving average is $301.19. The company has a quick ratio of 0.83, a current ratio of 1.35 and a debt-to-equity ratio of 1.41.

Caterpillar (NYSE:CAT) last posted its quarterly earnings data on Thursday, April 25th. The industrial products company reported $5.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.12 by $0.48. The company had revenue of $15.80 billion during the quarter, compared to analyst estimates of $16.07 billion. Caterpillar had a return on equity of 58.61% and a net margin of 16.79%. On average, research analysts anticipate that Caterpillar Inc. will post 21.44 earnings per share for the current fiscal year.

Caterpillar Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, May 20th. Shareholders of record on Monday, April 22nd will be given a dividend of $1.30 per share. The ex-dividend date of this dividend is Friday, April 19th. This represents a $5.20 dividend on an annualized basis and a yield of 1.50%. Caterpillar’s payout ratio is 23.48%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on CAT shares. Evercore ISI cut shares of Caterpillar from an “outperform” rating to an “in-line” rating and upped their target price for the company from $321.00 to $338.00 in a report on Tuesday, February 20th. Citigroup increased their target price on shares of Caterpillar from $255.00 to $340.00 and gave the stock a “neutral” rating in a research report on Monday, February 12th. TD Cowen increased their price target on shares of Caterpillar from $338.00 to $340.00 and gave the stock a “buy” rating in a research report on Friday. StockNews.com lowered shares of Caterpillar from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 20th. Finally, JPMorgan Chase & Co. increased their price target on shares of Caterpillar from $385.00 to $435.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 16th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $316.88.

Insider Activity

In other news, insider Anthony D. Fassino sold 4,575 shares of the business’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $329.80, for a total value of $1,508,835.00. Following the completion of the sale, the insider now owns 23,474 shares of the company’s stock, valued at approximately $7,741,725.20. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other Caterpillar news, insider Anthony D. Fassino sold 4,575 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $329.80, for a total transaction of $1,508,835.00. Following the completion of the transaction, the insider now owns 23,474 shares of the company’s stock, valued at approximately $7,741,725.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Lange Bob De sold 21,194 shares of the stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $325.52, for a total value of $6,899,070.88. Following the completion of the transaction, the insider now directly owns 61,092 shares of the company’s stock, valued at approximately $19,886,667.84. The disclosure for this sale can be found here. In the last quarter, insiders sold 35,769 shares of company stock valued at $11,508,906. Insiders own 0.33% of the company’s stock.

About Caterpillar

Caterpillar Inc manufactures and sells construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives in worldwide. Its Construction Industries segment offers asphalt pavers, compactors, road reclaimers, forestry machines, cold planers, material handlers, track-type tractors, excavators, telehandlers, motor graders, and pipelayers; compact track, wheel, track-type, backhoe, and skid steer loaders; and related parts and tools.