Dynamic Advisor Solutions LLC Grows Stake in Caterpillar Inc. (NYSE:CAT)



Dynamic Advisor Solutions LLC raised its stake in Caterpillar Inc. (NYSE:CAT – Get Rating) by 24.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,245 shares of the industrial products company’s stock after acquiring an additional 1,018 during the quarter. Dynamic Advisor Solutions LLC’s holdings in Caterpillar were worth $1,169,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Caterpillar during the 4th quarter valued at approximately $1,103,021,000. Capital World Investors lifted its stake in shares of Caterpillar by 11.6% during the 4th quarter. Capital World Investors now owns 13,262,687 shares of the industrial products company’s stock valued at $2,741,910,000 after buying an additional 1,373,656 shares in the last quarter. Invesco Ltd. lifted its stake in shares of Caterpillar by 15.2% during the 4th quarter. Invesco Ltd. Now owns 4,864,120 shares of the industrial products company’s stock valued at $1,005,607,000 after buying an additional 643,392 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in shares of Caterpillar during the 4th quarter valued at approximately $91,786,000. Finally, Shellback Capital LP bought a new stake in Caterpillar during the 4th quarter worth approximately $62,022,000. Hedge funds and other institutional investors own 67.44% of the company’s stock.

In other news, Director David Maclennan purchased 600 shares of the company’s stock in a transaction on Thursday, May 5th. The stock was acquired at an average price of $219.82 per share, with a total value of $131,892.00. Following the transaction, the director now directly owns 2,480 shares of the company’s stock, valued at approximately $545,153.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Suzette M. Long sold 3,816 shares of the stock in a transaction on Wednesday, April 20th. The shares were sold at an average price of $235.00, for a total transaction of $896,760.00. Following the sale, the general counsel now directly owns 10,549 shares of the company’s stock, valued at approximately $2,479,015. The disclosure for this sale can be found here. Insiders have sold a total of 11,577 shares of company stock valued at $2,663,056 in the last three months. 0.18% of the stock is currently owned by corporate insiders.

CAT stock opened at $187.83 on Thursday. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.93 and a current ratio of 1.44. Caterpillar Inc. has a 52 week low of $179.67 and a 52 week high of $237.90. The firm’s fifty day moving average is $212.90 and its 200 day moving average is $210.54. The firm has a market cap of $100.18 billion, a P/E ratio of 15.74, a P/E/G ratio of 1.29 and a beta of 0.94.

Caterpillar (NYSE:CAT – Get Rating) last released its earnings results on Thursday, April 28th. The industrial products company reported $2.88 EPS for the quarter, beating the consensus estimate of $2.66 by $0.22. Caterpillar had a net margin of 12.33% and a return on equity of 35.10%. The company had revenue of $13.60 billion for the quarter, compared to analyst estimates of $13.49 billion. During the same quarter last year, the firm earned $2.87 EPS. The firm’s quarterly revenue was up 14.4% compared to the same quarter last year. As a group, analysts forecast that Caterpillar Inc. will post 12.64 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 19th. Investors of record on Wednesday, July 20th will be issued a dividend of $1.20 per share. The ex-dividend date of this dividend is Tuesday, July 19th. This represents a $4.80 annualized dividend and a dividend yield of 2.56%. This is a positive change from Caterpillar’s previous quarterly dividend of $1.11. Caterpillar’s dividend payout ratio (DPR) is currently 37.22%.

CAT has been the topic of a number of analyst reports. Jefferies Financial Group raised shares of Caterpillar from a “hold” rating to a “buy” rating and upped their target price for the stock from $215.00 to $260.00 in a report on Tuesday, March 8th. Wells Fargo & Company initiated coverage on shares of Caterpillar in a report on Friday, March 11th. They set an “equal weight” rating and a $231.00 target price on the stock. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Caterpillar from $250.00 to $240.00 in a report on Friday, April 29th. StockNews.com initiated coverage on shares of Caterpillar in a report on Thursday, March 31st. They set a “hold” rating on the stock. Finally, JPMorgan Chase & Co. upped their target price on shares of Caterpillar from $241.00 to $257.00 and gave the stock an “overweight” rating in a report on Monday, March 28th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $243.71.

Caterpillar Company Profile (Get Rating)

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

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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)



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