Financial Architects Inc boosted its position in Caterpillar Inc. (NYSE:CAT) by 5.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,941 shares of the industrial products company’s stock after purchasing an additional 270 shares during the period. Financial Architects Inc’s holdings in Caterpillar were worth $573,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Adams Diversified Equity Fund Inc. bought a new stake in Caterpillar in the fourth quarter worth about $13,897,000. Wealthfront Advisers LLC raised its stake in shares of Caterpillar by 16.9% during the fourth quarter. Wealthfront Advisers LLC now owns 30,148 shares of the industrial products company’s stock valued at $4,452,000 after acquiring an additional 4,352 shares in the last quarter. Usca Ria LLC raised its stake in shares of Caterpillar by 425.2% during the fourth quarter. Usca Ria LLC now owns 26,687 shares of the industrial products company’s stock valued at $3,941,000 after acquiring an additional 21,606 shares in the last quarter. Private Ocean LLC raised its stake in shares of Caterpillar by 62.9% during the first quarter. Private Ocean LLC now owns 259 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 100 shares in the last quarter. Finally, CX Institutional raised its stake in shares of Caterpillar by 2,667.9% during the fourth quarter. CX Institutional now owns 3,100 shares of the industrial products company’s stock valued at $458,000 after acquiring an additional 2,988 shares in the last quarter. 67.13% of the stock is owned by institutional investors and hedge funds.

Several research firms have recently weighed in on CAT. Cfra decreased their price target on shares of Caterpillar from $120.00 to $101.00 and set a “sell” rating for the company in a research note on Tuesday, April 28th. Stephens decreased their price target on shares of Caterpillar from $100.00 to $80.00 and set an “underweight” rating for the company in a research note on Thursday, April 9th. Credit Suisse Group cut their price objective on shares of Caterpillar from $162.00 to $148.00 and set an “outperform” rating on the stock in a report on Thursday, April 9th. Bank of America cut their price objective on shares of Caterpillar from $115.00 to $100.00 and set an “underperform” rating on the stock in a report on Wednesday, April 29th. Finally, Royal Bank of Canada cut their price objective on shares of Caterpillar from $152.00 to $145.00 and set a “positive” rating on the stock in a report on Monday, February 3rd. Seven investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $127.63.

NYSE CAT traded up $1.73 on Friday, hitting $107.92. The stock had a trading volume of 6,581,633 shares, compared to its average volume of 4,918,725. The business’s fifty day moving average price is $113.49 and its 200 day moving average price is $130.99. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.42 and a quick ratio of 0.97. Caterpillar Inc. has a 52-week low of $87.50 and a 52-week high of $150.55. The stock has a market cap of $60.68 billion, a price-to-earnings ratio of 11.43, a price-to-earnings-growth ratio of 2.32 and a beta of 1.10.

Caterpillar (NYSE:CAT) last announced its quarterly earnings data on Tuesday, April 28th. The industrial products company reported $1.60 earnings per share for the quarter, missing analysts’ consensus estimates of $1.69 by ($0.09). The company had revenue of $10.64 billion for the quarter, compared to analysts’ expectations of $10.98 billion. Caterpillar had a net margin of 10.41% and a return on equity of 37.15%. Caterpillar’s quarterly revenue was down 21.0% compared to the same quarter last year. During the same period last year, the firm earned $2.94 earnings per share. As a group, sell-side analysts anticipate that Caterpillar Inc. will post 4.99 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 20th. Stockholders of record on Monday, April 20th will be issued a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.82%. The ex-dividend date is Friday, April 17th. Caterpillar’s dividend payout ratio (DPR) is presently 37.25%.

In other news, CAO Gary Michael Marvel sold 589 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $137.83, for a total transaction of $81,181.87. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.37% of the stock is owned by insiders.

Caterpillar Company 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.

Featured Story: What is a closed-end mutual fund (CEF)?

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:CAT).

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.