Caterpillar Inc. (NYSE:CAT) Stake Lowered by Seelaus Asset Management LLC

Seelaus Asset Management LLC cut its stake in shares of Caterpillar Inc. (NYSE:CATGet Rating) by 5.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,511 shares of the industrial products company’s stock after selling 150 shares during the quarter. Seelaus Asset Management LLC’s holdings in Caterpillar were worth $560,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Teamwork Financial Advisors LLC grew its holdings in shares of Caterpillar by 358.5% during the fourth quarter. Teamwork Financial Advisors LLC now owns 9,432 shares of the industrial products company’s stock valued at $1,950,000 after purchasing an additional 7,375 shares during the last quarter. Park National Corp OH grew its holdings in Caterpillar by 7.5% in the 4th quarter. Park National Corp OH now owns 8,981 shares of the industrial products company’s stock worth $1,857,000 after buying an additional 630 shares in the last quarter. Stonnington Group LLC grew its holdings in Caterpillar by 1.9% in the 1st quarter. Stonnington Group LLC now owns 17,545 shares of the industrial products company’s stock worth $3,791,000 after buying an additional 330 shares in the last quarter. Deutsche Bank AG grew its holdings in Caterpillar by 6.4% in the 4th quarter. Deutsche Bank AG now owns 1,769,205 shares of the industrial products company’s stock worth $365,767,000 after buying an additional 106,731 shares in the last quarter. Finally, Rehmann Capital Advisory Group grew its holdings in Caterpillar by 3.0% in the 4th quarter. Rehmann Capital Advisory Group now owns 3,666 shares of the industrial products company’s stock worth $758,000 after buying an additional 106 shares in the last quarter. 67.44% of the stock is owned by institutional investors.

Shares of NYSE:CAT opened at $187.83 on Thursday. Caterpillar Inc. has a one year low of $179.67 and a one year high of $237.90. The stock has a fifty day moving average of $212.90 and a 200-day moving average of $210.54. The company has a market capitalization of $100.18 billion, a PE ratio of 15.74, a price-to-earnings-growth ratio of 1.29 and a beta of 0.94. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.93 and a current ratio of 1.44.

Caterpillar (NYSE:CATGet Rating) last announced its quarterly earnings data on Thursday, April 28th. The industrial products company reported $2.88 EPS for the quarter, beating analysts’ consensus estimates of $2.66 by $0.22. The company had revenue of $13.60 billion during the quarter, compared to the consensus estimate of $13.49 billion. Caterpillar had a return on equity of 35.10% and a net margin of 12.33%. The company’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.87 EPS. As a group, research analysts forecast that Caterpillar Inc. will post 12.64 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 19th. Stockholders of record on Wednesday, July 20th will be issued a $1.20 dividend. The ex-dividend date of this dividend is Tuesday, July 19th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 2.56%. This is a positive change from Caterpillar’s previous quarterly dividend of $1.11. Caterpillar’s dividend payout ratio is presently 37.22%.

In other Caterpillar news, General Counsel Suzette M. Long sold 3,816 shares of the stock in a transaction on Wednesday, April 20th. The shares were sold at an average price of $235.00, for a total transaction of $896,760.00. Following the transaction, the general counsel now directly owns 10,549 shares of the company’s stock, valued at $2,479,015. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Joseph E. Creed sold 2,757 shares of the stock in a transaction on Wednesday, May 18th. The stock was sold at an average price of $214.13, for a total transaction of $590,356.41. The disclosure for this sale can be found here. Insiders sold 11,577 shares of company stock valued at $2,663,056 in the last 90 days. Corporate insiders own 0.18% of the company’s stock.

CAT has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. increased their price objective on Caterpillar from $241.00 to $257.00 and gave the stock an “overweight” rating in a report on Monday, March 28th. Deutsche Bank Aktiengesellschaft decreased their price objective on Caterpillar from $250.00 to $240.00 in a report on Friday, April 29th. Wells Fargo & Company began coverage on Caterpillar in a research report on Friday, March 11th. They issued an “equal weight” rating and a $231.00 target price for the company. StockNews.com began coverage on Caterpillar in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Finally, Robert W. Baird restated an “outperform” rating and issued a $280.00 target price on shares of Caterpillar in a research report on Thursday, May 19th. One analyst has rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $243.71.

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.

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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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