Delta Asset Management LLC TN increased its holdings in Caterpillar Inc. (NYSE:CAT) by 0.2% during the 1st quarter, HoldingsChannel reports. The fund owned 66,388 shares of the industrial products company’s stock after acquiring an additional 121 shares during the quarter. Caterpillar comprises approximately 1.6% of Delta Asset Management LLC TN’s investment portfolio, making the stock its 22nd largest holding. Delta Asset Management LLC TN’s holdings in Caterpillar were worth $15,393,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the stock. Nwam LLC lifted its stake in shares of Caterpillar by 1.1% in the first quarter. Nwam LLC now owns 4,023 shares of the industrial products company’s stock worth $933,000 after acquiring an additional 44 shares in the last quarter. Essex Savings Bank raised its stake in Caterpillar by 0.8% during the first quarter. Essex Savings Bank now owns 5,588 shares of the industrial products company’s stock valued at $1,206,000 after buying an additional 45 shares in the last quarter. Los Angeles Capital Management LLC raised its stake in Caterpillar by 0.4% during the fourth quarter. Los Angeles Capital Management LLC now owns 12,494 shares of the industrial products company’s stock valued at $2,274,000 after buying an additional 47 shares in the last quarter. Gradient Capital Advisors LLC raised its stake in Caterpillar by 3.9% during the first quarter. Gradient Capital Advisors LLC now owns 1,247 shares of the industrial products company’s stock valued at $289,000 after buying an additional 47 shares in the last quarter. Finally, J. W. Coons Advisors LLC raised its stake in Caterpillar by 1.0% during the first quarter. J. W. Coons Advisors LLC now owns 4,791 shares of the industrial products company’s stock valued at $1,112,000 after buying an additional 48 shares in the last quarter. Institutional investors and hedge funds own 67.48% of the company’s stock.

Several analysts have issued reports on CAT shares. Morgan Stanley upped their price objective on Caterpillar from $168.00 to $181.00 and gave the company an “underweight” rating in a research note on Friday. Daiwa Capital Markets lowered Caterpillar from an “outperform” rating to a “neutral” rating in a report on Friday, March 5th. Barclays upped their target price on Caterpillar from $165.00 to $200.00 and gave the company an “equal weight” rating in a report on Friday, January 15th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell increased their price objective on Caterpillar from $205.00 to $245.00 in a report on Tuesday, March 16th. Finally, Vertical Research initiated coverage on Caterpillar in a report on Wednesday, January 20th. They issued a “buy” rating and a $230.00 price objective for the company. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and ten have issued a buy rating to the company. Caterpillar has a consensus rating of “Hold” and an average target price of $205.37.

In other news, insider Denise C. Johnson sold 80,695 shares of Caterpillar stock in a transaction that occurred on Monday, March 8th. The shares were sold at an average price of $219.82, for a total value of $17,738,374.90. Following the completion of the transaction, the insider now owns 38,945 shares in the company, valued at $8,560,889.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Gary Michael Marvel sold 5,056 shares of Caterpillar stock in a transaction on Monday, March 8th. The stock was sold at an average price of $220.97, for a total transaction of $1,117,224.32. Following the sale, the chief accounting officer now directly owns 5,623 shares of the company’s stock, valued at approximately $1,242,514.31. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 145,062 shares of company stock valued at $31,884,447. Corporate insiders own 0.31% of the company’s stock.

NYSE CAT opened at $228.17 on Tuesday. The company has a debt-to-equity ratio of 1.74, a quick ratio of 1.08 and a current ratio of 1.54. The firm has a 50-day simple moving average of $229.81 and a 200 day simple moving average of $196.91. Caterpillar Inc. has a twelve month low of $100.22 and a twelve month high of $237.78. The stock has a market cap of $124.42 billion, a PE ratio of 37.97, a PEG ratio of 2.14 and a beta of 0.97.

Caterpillar (NYSE:CAT) last released its earnings results on Thursday, April 29th. The industrial products company reported $2.87 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.93 by $0.94. Caterpillar had a net margin of 7.60% and a return on equity of 25.24%. The business had revenue of $11.89 billion during the quarter, compared to analysts’ expectations of $11 billion. During the same quarter last year, the company earned $1.60 earnings per share. The firm’s revenue was up 11.8% on a year-over-year basis. Research analysts forecast that Caterpillar Inc. will post 5.44 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 20th. Shareholders of record on Monday, April 26th will be paid a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date of this dividend is Friday, April 23rd. Caterpillar’s dividend payout ratio is 37.25%.

Caterpillar Company Profile

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

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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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