Seizert Capital Partners LLC Has $3.76 Million Stake in Caterpillar Inc. (NYSE:CAT)

Seizert Capital Partners LLC lowered its position in Caterpillar Inc. (NYSE:CAT) by 1.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,401 shares of the industrial products company’s stock after selling 143 shares during the period. Seizert Capital Partners LLC’s holdings in Caterpillar were worth $3,760,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CAT. Geode Capital Management LLC lifted its stake in shares of Caterpillar by 2.3% in the 4th quarter. Geode Capital Management LLC now owns 10,449,770 shares of the industrial products company’s stock valued at $3,790,841,000 after purchasing an additional 236,315 shares during the last quarter. Northern Trust Corp raised its holdings in Caterpillar by 11.8% during the fourth quarter. Northern Trust Corp now owns 6,847,330 shares of the industrial products company’s stock valued at $2,483,937,000 after buying an additional 724,477 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Caterpillar by 8.6% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,940,391 shares of the industrial products company’s stock worth $1,429,416,000 after buying an additional 312,878 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Caterpillar by 43,447.3% during the 1st quarter. GAMMA Investing LLC now owns 3,730,259 shares of the industrial products company’s stock worth $1,230,239,000 after acquiring an additional 3,721,693 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Caterpillar by 2.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,181,535 shares of the industrial products company’s stock valued at $1,154,174,000 after acquiring an additional 82,579 shares in the last quarter. Institutional investors own 70.98% of the company’s stock.

Insider Buying and Selling

In other Caterpillar news, Director David Maclennan bought 375 shares of Caterpillar stock in a transaction dated Wednesday, May 7th. The shares were acquired at an average cost of $320.70 per share, with a total value of $120,262.50. Following the acquisition, the director directly owned 6,653 shares of the company’s stock, valued at $2,133,617.10. The trade was a 5.97% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.33% of the stock is currently owned by company insiders.

Caterpillar Stock Down 0.7%

CAT opened at $429.91 on Wednesday. The company has a market capitalization of $202.51 billion, a P/E ratio of 20.95, a P/E/G ratio of 2.71 and a beta of 1.38. 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 firm’s fifty day moving average price is $380.25 and its two-hundred day moving average price is $352.87. Caterpillar Inc. has a fifty-two week low of $267.30 and a fifty-two week high of $436.40.

Caterpillar (NYSE:CAT) last issued its earnings results on Wednesday, April 30th. The industrial products company reported $4.25 earnings per share for the quarter, missing the consensus estimate of $4.35 by ($0.10). Caterpillar had a net margin of 15.71% and a return on equity of 53.77%. The business had revenue of $14.25 billion for the quarter, compared to analyst estimates of $14.64 billion. During the same quarter last year, the firm posted $5.60 earnings per share. Caterpillar’s revenue was down 9.8% on a year-over-year basis. On average, analysts anticipate that Caterpillar Inc. will post 19.86 EPS for the current year.

Caterpillar Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 20th. Investors of record on Monday, July 21st will be issued a dividend of $1.51 per share. This is an increase from Caterpillar’s previous quarterly dividend of $1.41. This represents a $6.04 annualized dividend and a yield of 1.40%. The ex-dividend date is Monday, July 21st. Caterpillar’s dividend payout ratio (DPR) is currently 29.43%.

Analyst Ratings Changes

CAT has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. upped their target price on Caterpillar from $395.00 to $475.00 and gave the stock an “overweight” rating in a research report on Thursday, July 10th. Melius Research upgraded shares of Caterpillar from a “hold” rating to a “strong-buy” rating and set a $500.00 target price on the stock in a research note on Wednesday, July 9th. DA Davidson boosted their target price on shares of Caterpillar from $331.00 to $388.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 22nd. Evercore ISI lowered their price target 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. Finally, Baird R W raised Caterpillar from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 13th. Seven investment analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $419.33.

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.