Neville Rodie & Shaw Inc. Lowers Position in Caterpillar Inc. (CAT)

Neville Rodie & Shaw Inc. lowered its position in shares of Caterpillar Inc. (NYSE:CAT) by 5.7% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 21,568 shares of the industrial products company’s stock after selling 1,300 shares during the quarter. Neville Rodie & Shaw Inc.’s holdings in Caterpillar were worth $2,923,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of CAT. LeJeune Puetz Investment Counsel LLC raised its position in shares of Caterpillar by 5.5% during the 4th quarter. LeJeune Puetz Investment Counsel LLC now owns 17,174 shares of the industrial products company’s stock valued at $2,182,000 after acquiring an additional 900 shares in the last quarter. Kanawha Capital Management LLC raised its position in shares of Caterpillar by 6.2% during the 4th quarter. Kanawha Capital Management LLC now owns 29,053 shares of the industrial products company’s stock valued at $3,692,000 after acquiring an additional 1,697 shares in the last quarter. Lehman & Derafelo Financial Resources LLC acquired a new stake in shares of Caterpillar during the 4th quarter valued at approximately $305,000. Northern Trust Corp raised its position in shares of Caterpillar by 1.9% during the 4th quarter. Northern Trust Corp now owns 7,379,026 shares of the industrial products company’s stock valued at $937,652,000 after acquiring an additional 134,479 shares in the last quarter. Finally, Kiley Juergens Wealth Management LLC raised its position in shares of Caterpillar by 51.7% during the 4th quarter. Kiley Juergens Wealth Management LLC now owns 11,979 shares of the industrial products company’s stock valued at $1,522,000 after acquiring an additional 4,084 shares in the last quarter. Institutional investors and hedge funds own 67.07% of the company’s stock.

NYSE:CAT traded up $1.51 during trading hours on Wednesday, reaching $143.54. 70,371 shares of the company were exchanged, compared to its average volume of 3,406,987. The company has a market capitalization of $81.74 billion, a P/E ratio of 12.79, a P/E/G ratio of 0.74 and a beta of 1.46. Caterpillar Inc. has a 1-year low of $112.06 and a 1-year high of $161.60. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.37 and a quick ratio of 0.96.

Caterpillar (NYSE:CAT) last announced its quarterly earnings results on Monday, January 28th. The industrial products company reported $2.55 EPS for the quarter, missing the Zacks’ consensus estimate of $2.98 by ($0.43). The firm had revenue of $14.34 billion during the quarter, compared to the consensus estimate of $14.36 billion. Caterpillar had a net margin of 11.23% and a return on equity of 45.31%. The firm’s revenue was up 11.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.16 earnings per share. On average, sell-side analysts anticipate that Caterpillar Inc. will post 12.19 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, May 20th. Stockholders of record on Monday, April 22nd will be paid a $0.86 dividend. The ex-dividend date is Thursday, April 18th. This represents a $3.44 annualized dividend and a dividend yield of 2.40%. Caterpillar’s dividend payout ratio is presently 30.66%.

Several research firms have recently issued reports on CAT. Zacks Investment Research cut Caterpillar from a “hold” rating to a “sell” rating in a research note on Monday, December 31st. Bank of America set a $152.00 price objective on Caterpillar and gave the stock a “buy” rating in a report on Tuesday, January 29th. Standpoint Research upgraded Caterpillar from a “sell” rating to an “accumulate” rating and set a $117.85 price objective for the company in a research report on Wednesday, December 26th. UBS Group downgraded Caterpillar from a “buy” rating to a “sell” rating and cut their price objective for the company from $154.00 to $125.00 in a research report on Tuesday, February 26th. Finally, Credit Suisse Group cut their price objective on Caterpillar from $183.00 to $173.00 and set an “outperform” rating for the company in a research report on Friday, January 18th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and fourteen have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $146.71.

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Caterpillar Company Profile

Caterpillar Inc manufactures and sells construction and mining equipment, diesel and natural gas engines, and industrial gas turbines. Its Construction Industries segment offers asphalt pavers, compactors, cold planers, feller bunchers, harvesters, motorgraders, pipelayers, road reclaimers, skidders, telehandlers, and utility vehicles; backhoe, knuckleboom, 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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