May Hill Capital LLC Acquires 131 Shares of Caterpillar Inc. $CAT

May Hill Capital LLC raised its position in Caterpillar Inc. (NYSE:CAT) by 19.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 809 shares of the industrial products company’s stock after buying an additional 131 shares during the period. May Hill Capital LLC’s holdings in Caterpillar were worth $314,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mid American Wealth Advisory Group Inc. purchased a new stake in Caterpillar in the 2nd quarter valued at about $28,000. Compass Financial Services Inc increased its stake in Caterpillar by 49.2% in the 1st quarter. Compass Financial Services Inc now owns 94 shares of the industrial products company’s stock valued at $31,000 after buying an additional 31 shares during the last quarter. Family Legacy Financial Solutions LLC purchased a new stake in Caterpillar in the 2nd quarter valued at about $32,000. Redmont Wealth Advisors LLC purchased a new stake in Caterpillar in the 1st quarter valued at about $33,000. Finally, Harbor Asset Planning Inc. purchased a new stake in Caterpillar in the 2nd quarter valued at about $34,000. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Caterpillar Stock Up 0.8%

CAT opened at $527.12 on Tuesday. The company has a 50 day moving average of $466.75 and a 200 day moving average of $401.50. The company has a market cap of $246.95 billion, a PE ratio of 26.81, a price-to-earnings-growth ratio of 2.98 and a beta of 1.46. Caterpillar Inc. has a 12 month low of $267.30 and a 12 month high of $544.99. The company has a current ratio of 1.34, a quick ratio of 0.81 and a debt-to-equity ratio of 1.50.

Caterpillar (NYSE:CAT) last released its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $4.72 EPS for the quarter, missing the consensus estimate of $4.88 by ($0.16). The business had revenue of $16.57 billion during the quarter, compared to the consensus estimate of $16.14 billion. Caterpillar had a return on equity of 48.95% and a net margin of 14.95%.The firm’s quarterly revenue was down .7% on a year-over-year basis. During the same period last year, the business posted $5.99 earnings per share. On average, sell-side analysts expect that Caterpillar Inc. will post 19.86 EPS for the current year.

Caterpillar Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 20th. Shareholders of record on Monday, October 20th will be issued a $1.51 dividend. This represents a $6.04 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Monday, October 20th. Caterpillar’s dividend payout ratio (DPR) is presently 30.72%.

Insider Buying and Selling at Caterpillar

In other Caterpillar news, insider Jason Kaiser sold 2,161 shares of the firm’s stock in a transaction on Monday, August 11th. The shares were sold at an average price of $417.70, for a total value of $902,649.70. Following the completion of the transaction, the insider directly owned 8,632 shares of the company’s stock, valued at $3,605,586.40. This trade represents a 20.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Susan C. Schwab sold 2,324 shares of the firm’s stock in a transaction on Friday, August 15th. The shares were sold at an average price of $410.00, for a total transaction of $952,840.00. Following the completion of the transaction, the director directly owned 6,917 shares of the company’s stock, valued at approximately $2,835,970. The trade was a 25.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 55,985 shares of company stock valued at $25,559,300 in the last three months. Company insiders own 0.33% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on CAT shares. Oppenheimer increased their price objective on shares of Caterpillar from $480.00 to $513.00 and gave the company an “outperform” rating in a research note on Monday, September 29th. UBS Group raised their price target on shares of Caterpillar from $450.00 to $506.00 and gave the stock a “neutral” rating in a research note on Monday, October 13th. Erste Group Bank upgraded shares of Caterpillar from a “hold” rating to a “buy” rating in a research note on Friday, October 3rd. Jefferies Financial Group raised their price target on shares of Caterpillar from $500.00 to $570.00 and gave the stock a “buy” rating in a research note on Wednesday, October 8th. Finally, Citigroup raised their price target on shares of Caterpillar from $540.00 to $570.00 and gave the stock a “buy” rating in a research note on Tuesday, October 7th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $518.19.

About Caterpillar

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.