Silver Oak Securities Incorporated Trims Stock Position in Caterpillar Inc. (NYSE:CAT)

Silver Oak Securities Incorporated trimmed its stake in Caterpillar Inc. (NYSE:CATFree Report) by 3.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 23,548 shares of the industrial products company’s stock after selling 856 shares during the period. Silver Oak Securities Incorporated’s holdings in Caterpillar were worth $7,764,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of CAT. Abacus Planning Group Inc. increased its holdings in shares of Caterpillar by 1.0% during the 4th quarter. Abacus Planning Group Inc. now owns 2,897 shares of the industrial products company’s stock valued at $1,051,000 after purchasing an additional 28 shares in the last quarter. Cape Investment Advisory Inc. increased its holdings in Caterpillar by 6.3% in the fourth quarter. Cape Investment Advisory Inc. now owns 471 shares of the industrial products company’s stock valued at $171,000 after buying an additional 28 shares in the last quarter. Klingman & Associates LLC raised its position in shares of Caterpillar by 4.5% in the fourth quarter. Klingman & Associates LLC now owns 703 shares of the industrial products company’s stock worth $255,000 after acquiring an additional 30 shares during the period. Carrera Capital Advisors boosted its stake in shares of Caterpillar by 2.5% during the 4th quarter. Carrera Capital Advisors now owns 1,238 shares of the industrial products company’s stock worth $449,000 after acquiring an additional 30 shares in the last quarter. Finally, BBR Partners LLC grew its position in shares of Caterpillar by 0.7% during the 4th quarter. BBR Partners LLC now owns 4,162 shares of the industrial products company’s stock valued at $1,510,000 after acquiring an additional 30 shares during the period. Institutional investors own 70.98% of the company’s stock.

Caterpillar Price Performance

Shares of CAT stock opened at $359.73 on Thursday. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.32 and a quick ratio of 0.77. The company has a market capitalization of $169.45 billion, a PE ratio of 17.53, a price-to-earnings-growth ratio of 2.38 and a beta of 1.37. The firm’s 50-day moving average is $331.20 and its two-hundred day moving average is $347.71. Caterpillar Inc. has a 12 month low of $267.30 and a 12 month high of $418.50.

Caterpillar (NYSE:CATGet Free Report) last released its quarterly earnings results on Wednesday, April 30th. The industrial products company reported $4.25 EPS for the quarter, missing the consensus estimate of $4.35 by ($0.10). The firm had revenue of $14.25 billion for the quarter, compared to analysts’ expectations of $14.64 billion. Caterpillar had a net margin of 15.71% and a return on equity of 53.77%. The firm’s quarterly revenue was down 9.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $5.60 EPS. Analysts predict that Caterpillar Inc. will post 19.86 earnings per share for the current year.

Caterpillar Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 20th. Stockholders of record on Monday, July 21st will be paid a $1.51 dividend. This represents a $6.04 annualized dividend and a dividend yield of 1.68%. The ex-dividend date of this dividend is Monday, July 21st. This is a positive change from Caterpillar’s previous quarterly dividend of $1.41. Caterpillar’s dividend payout ratio is 27.49%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on CAT. Morgan Stanley raised Caterpillar from an “underweight” rating to an “equal weight” rating and reduced their price target for the stock from $300.00 to $283.00 in a report on Wednesday, April 16th. Bank of America boosted their price target on shares of Caterpillar from $335.00 to $385.00 and gave the stock a “buy” rating in a report on Friday, May 30th. JPMorgan Chase & Co. decreased their price objective on shares of Caterpillar from $490.00 to $380.00 and set an “overweight” rating on the stock in a report on Monday, April 14th. Baird R W raised shares of Caterpillar from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 13th. Finally, Truist Financial restated a “buy” rating and set a $396.00 price target (up previously from $389.00) on shares of Caterpillar in a research report on Thursday, May 1st. Six investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $372.92.

Check Out Our Latest Stock Report on Caterpillar

Insider Buying and Selling

In related news, Director David Maclennan acquired 375 shares of the firm’s stock in a transaction dated Wednesday, May 7th. The shares were purchased at an average cost of $320.70 per share, for a total transaction of $120,262.50. Following the acquisition, the director now owns 6,653 shares in the company, valued at $2,133,617.10. The trade was a 5.97% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.33% of the company’s stock.

Caterpillar Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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