Marco Investment Management LLC Has $8.60 Million Stake in Caterpillar Inc. (CAT)

Marco Investment Management LLC cut its stake in Caterpillar Inc. (NYSE:CAT) by 4.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 63,495 shares of the industrial products company’s stock after selling 2,675 shares during the quarter. Caterpillar comprises about 1.6% of Marco Investment Management LLC’s portfolio, making the stock its 21st biggest position. Marco Investment Management LLC’s holdings in Caterpillar were worth $8,603,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in CAT. Loeb Partners Corp purchased a new position in shares of Caterpillar in the 4th quarter valued at $25,000. Clarfeld Financial Advisors LLC acquired a new stake in shares of Caterpillar in the 4th quarter worth $26,000. Bartlett & Co. LLC boosted its position in shares of Caterpillar by 150.0% in the 4th quarter. Bartlett & Co. LLC now owns 250 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 150 shares in the last quarter. Paragon Capital Management LLC acquired a new stake in shares of Caterpillar in the 1st quarter worth $40,000. Finally, PRW Wealth Management LLC acquired a new stake in shares of Caterpillar in the 4th quarter worth $43,000. Institutional investors and hedge funds own 67.63% of the company’s stock.

Shares of CAT opened at $122.76 on Friday. Caterpillar Inc. has a one year low of $112.06 and a one year high of $161.60. The company has a quick ratio of 0.98, a current ratio of 1.43 and a debt-to-equity ratio of 1.57. The stock has a market cap of $70.20 billion, a price-to-earnings ratio of 10.94, a PEG ratio of 0.84 and a beta of 1.45.

Caterpillar (NYSE:CAT) last issued its quarterly earnings results on Wednesday, April 24th. The industrial products company reported $2.94 EPS for the quarter, topping the Zacks’ consensus estimate of $2.84 by $0.10. Caterpillar had a return on equity of 45.08% and a net margin of 11.50%. The company had revenue of $13.47 billion during the quarter, compared to analysts’ expectations of $13.36 billion. During the same quarter in the previous year, the firm posted $2.82 EPS. The firm’s revenue was up 4.7% compared to the same quarter last year. As a group, equities research analysts expect that Caterpillar Inc. will post 12.24 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 20th. Shareholders of record on Monday, July 22nd will be given a dividend of $1.03 per share. The ex-dividend date is Friday, July 19th. This represents a $4.12 dividend on an annualized basis and a yield of 3.36%. This is a boost from Caterpillar’s previous quarterly dividend of $0.86. Caterpillar’s payout ratio is currently 30.66%.

A number of analysts have recently weighed in on CAT shares. Robert W. Baird set a $161.00 price objective on Caterpillar and gave the stock a “buy” rating in a research report on Tuesday, January 29th. Bank of America set a $152.00 price objective on Caterpillar and gave the stock a “buy” rating in a research report on Tuesday, January 29th. UBS Group set a $125.00 price objective on Caterpillar and gave the stock a “sell” rating in a research report on Friday, May 3rd. ValuEngine cut Caterpillar from a “hold” rating to a “sell” rating in a research report on Wednesday, May 8th. Finally, Morgan Stanley set a $160.00 price objective on Caterpillar and gave the stock a “buy” rating in a research report on Tuesday, January 29th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $145.39.

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Caterpillar 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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