Woodstock Corp Has $671,000 Stake in Caterpillar Inc. (NYSE:CAT)

Woodstock Corp trimmed its position in shares of Caterpillar Inc. (NYSE:CAT) by 2.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,035 shares of the industrial products company’s stock after selling 45 shares during the period. Woodstock Corp’s holdings in Caterpillar were worth $671,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in CAT. Proficio Capital Partners LLC increased its holdings in shares of Caterpillar by 38.3% in the fourth quarter. Proficio Capital Partners LLC now owns 2,218 shares of the industrial products company’s stock valued at $805,000 after purchasing an additional 614 shares during the last quarter. Victrix Investment Advisors acquired a new position in shares of Caterpillar in the fourth quarter valued at $2,090,000. Braun Stacey Associates Inc. increased its holdings in shares of Caterpillar by 2.8% in the fourth quarter. Braun Stacey Associates Inc. now owns 34,837 shares of the industrial products company’s stock valued at $12,637,000 after purchasing an additional 963 shares during the last quarter. Strategic Advisors LLC increased its holdings in shares of Caterpillar by 14.6% in the fourth quarter. Strategic Advisors LLC now owns 5,724 shares of the industrial products company’s stock valued at $2,076,000 after purchasing an additional 730 shares during the last quarter. Finally, MFG Wealth Management Inc. acquired a new position in shares of Caterpillar in the fourth quarter valued at $2,308,000. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director David Maclennan acquired 375 shares of the business’s stock in a transaction that occurred on Wednesday, May 7th. The stock was acquired at an average price of $320.70 per share, with a total value of $120,262.50. Following the completion of the transaction, the director now directly owns 6,653 shares of the company’s stock, valued at $2,133,617.10. This trade represents a 5.97% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.33% of the stock is currently owned by company insiders.

Caterpillar Trading Down 1.3%

CAT opened at $347.10 on Friday. Caterpillar Inc. has a twelve month low of $267.30 and a twelve month high of $418.50. The company has a 50-day simple moving average of $319.22 and a 200 day simple moving average of $350.89. The company has a quick ratio of 0.89, a current ratio of 1.42 and a debt-to-equity ratio of 1.40. The stock has a market capitalization of $163.50 billion, a price-to-earnings ratio of 15.73, a P/E/G ratio of 1.87 and a beta of 1.35.

Caterpillar (NYSE:CAT) last posted its quarterly earnings data 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 return on equity of 58.18% and a net margin of 16.65%. The firm had revenue of $14.25 billion for the quarter, compared to the consensus estimate of $14.64 billion. During the same period in the prior year, the company earned $5.60 EPS. The company’s revenue for the quarter was down 9.8% compared to the same quarter last year. Analysts predict that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

Caterpillar Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 20th. Investors of record on Monday, April 21st were given a dividend of $1.41 per share. The ex-dividend date was Monday, April 21st. This represents a $5.64 annualized dividend and a yield of 1.62%. Caterpillar’s dividend payout ratio is 27.49%.

Wall Street Analyst Weigh In

CAT has been the topic of several research reports. Wall Street Zen downgraded shares of Caterpillar from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Evercore ISI decreased their price objective on shares of Caterpillar from $375.00 to $373.00 and set an “in-line” rating on the stock in a report on Monday, May 19th. JPMorgan Chase & Co. reduced their target price on shares of Caterpillar from $490.00 to $380.00 and set an “overweight” rating for the company in a research report on Monday, April 14th. Robert W. Baird raised shares of Caterpillar from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $309.00 to $395.00 in a research report on Tuesday, May 13th. Finally, Bank of America boosted their target price on shares of Caterpillar from $335.00 to $385.00 and gave the company a “buy” rating in a research report on Friday. Six equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $372.92.

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.