Caterpillar Inc. (CAT) Stake Lowered by Calamos Wealth Management LLC

Calamos Wealth Management LLC reduced its position in shares of Caterpillar Inc. (NYSE:CAT) by 27.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,285 shares of the industrial products company’s stock after selling 1,962 shares during the period. Calamos Wealth Management LLC’s holdings in Caterpillar were worth $716,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Rehmann Capital Advisory Group lifted its holdings in shares of Caterpillar by 4.3% during the 4th quarter. Rehmann Capital Advisory Group now owns 2,360 shares of the industrial products company’s stock worth $300,000 after acquiring an additional 97 shares during the last quarter. Dorsey & Whitney Trust CO LLC lifted its holdings in shares of Caterpillar by 1.4% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 7,174 shares of the industrial products company’s stock worth $912,000 after acquiring an additional 98 shares during the last quarter. Vectors Research Management LLC lifted its holdings in shares of Caterpillar by 32.1% during the 4th quarter. Vectors Research Management LLC now owns 412 shares of the industrial products company’s stock worth $52,000 after acquiring an additional 100 shares during the last quarter. Lowe Brockenbrough & Co. Inc. lifted its holdings in shares of Caterpillar by 1.1% during the 4th quarter. Lowe Brockenbrough & Co. Inc. now owns 9,532 shares of the industrial products company’s stock worth $1,211,000 after acquiring an additional 100 shares during the last quarter. Finally, Indiana Trust & Investment Management CO lifted its holdings in shares of Caterpillar by 5.1% during the 1st quarter. Indiana Trust & Investment Management CO now owns 2,063 shares of the industrial products company’s stock worth $280,000 after acquiring an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 67.06% of the company’s stock.

Caterpillar stock opened at $141.20 on Monday. The company has a quick ratio of 0.96, a current ratio of 1.37 and a debt-to-equity ratio of 1.78. The firm has a market capitalization of $79.93 billion, a price-to-earnings ratio of 12.58, a price-to-earnings-growth ratio of 0.73 and a beta of 1.46. Caterpillar Inc. has a twelve month low of $112.06 and a twelve month high of $161.60.

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

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 20th. Shareholders of record on Monday, April 22nd will be paid a $0.86 dividend. This represents a $3.44 annualized dividend and a yield of 2.44%. The ex-dividend date is Thursday, April 18th. Caterpillar’s dividend payout ratio is presently 30.66%.

A number of analysts have recently issued reports on CAT shares. Standpoint Research raised shares of Caterpillar from a “sell” rating to an “accumulate” rating and set a $117.85 price objective for the company in a report on Wednesday, December 26th. Zacks Investment Research raised shares of Caterpillar from a “hold” rating to a “buy” rating and set a $148.00 price objective for the company in a report on Thursday, January 24th. UBS Group set a $154.00 price objective on shares of Caterpillar and gave the stock a “buy” rating in a report on Tuesday, January 29th. Robert W. Baird set a $161.00 price objective on shares of Caterpillar and gave the stock a “buy” rating in a report on Tuesday, January 29th. Finally, Bank of America set a $152.00 price objective on shares of Caterpillar and gave the stock a “buy” rating in a report on Tuesday, January 29th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and fourteen have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $146.71.

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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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