Wilson & Boucher Capital Management LLC Has $2.23 Million Holdings in Caterpillar Inc. (NYSE:CAT)

Wilson & Boucher Capital Management LLC decreased its stake in shares of Caterpillar Inc. (NYSE:CAT) by 2.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,156 shares of the industrial products company’s stock after selling 125 shares during the period. Caterpillar comprises about 1.6% of Wilson & Boucher Capital Management LLC’s holdings, making the stock its 15th largest position. Wilson & Boucher Capital Management LLC’s holdings in Caterpillar were worth $2,233,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. Parr Mcknight Wealth Management Group LLC purchased a new position in shares of Caterpillar during the fourth quarter valued at approximately $734,000. McMill Wealth Management purchased a new position in shares of Caterpillar during the fourth quarter valued at approximately $476,000. Vega Investment Solutions purchased a new position in shares of Caterpillar during the fourth quarter valued at approximately $434,000. Investment Management Corp VA ADV purchased a new position in shares of Caterpillar during the fourth quarter valued at approximately $33,000. Finally, Helium Advisors LLC purchased a new position in Caterpillar in the fourth quarter worth $209,000. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Caterpillar Stock Down 0.5%

Shares of NYSE CAT opened at $343.63 on Friday. Caterpillar Inc. has a one year low of $267.30 and a one year high of $418.50. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.42 and a quick ratio of 0.89. The business’s fifty day moving average price is $318.25 and its 200-day moving average price is $352.97. The stock has a market capitalization of $161.86 billion, a PE ratio of 15.57, a P/E/G ratio of 1.87 and a beta of 1.35.

Caterpillar (NYSE:CAT) last issued its quarterly earnings results on Wednesday, April 30th. The industrial products company reported $4.25 EPS for the quarter, missing analysts’ consensus estimates of $4.35 by ($0.10). Caterpillar had a net margin of 16.65% and a return on equity of 58.18%. The firm had revenue of $14.25 billion for the quarter, compared to analysts’ expectations of $14.64 billion. During the same period in the prior year, the company earned $5.60 EPS. The firm’s quarterly revenue was down 9.8% on a year-over-year basis. On average, equities research analysts anticipate that Caterpillar Inc. will post 19.86 EPS for the current year.

Caterpillar Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 20th. Investors of record on Monday, April 21st were paid a dividend of $1.41 per share. The ex-dividend date was Monday, April 21st. This represents a $5.64 dividend on an annualized basis and a dividend yield of 1.64%. Caterpillar’s payout ratio is 27.49%.

Insider Activity at Caterpillar

In related news, Director David Maclennan acquired 375 shares of the firm’s stock in a transaction that occurred on Wednesday, May 7th. The shares were bought at an average cost of $320.70 per share, for a total transaction of $120,262.50. Following the purchase, the director now owns 6,653 shares in the company, valued at $2,133,617.10. This trade represents a 5.97% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.33% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Citigroup boosted their price objective on Caterpillar from $320.00 to $370.00 and gave the stock a “buy” rating in a research report on Monday, May 5th. Evercore ISI cut their price objective on Caterpillar from $375.00 to $373.00 and set an “in-line” rating on the stock in a research report on Monday, May 19th. Oppenheimer raised Caterpillar from a “market perform” rating to an “outperform” rating and set a $395.00 price objective on the stock in a research report on Thursday, May 1st. Raymond James raised Caterpillar from a “market perform” rating to an “outperform” rating in a research report on Monday, February 3rd. Finally, Robert W. Baird raised Caterpillar from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $309.00 to $395.00 in a research report on Tuesday, May 13th. Six equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $375.33.

Caterpillar Company Profile

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.