Continuum Advisory LLC Has $1.18 Million Position in Caterpillar Inc. (NYSE:CAT)

Continuum Advisory LLC lessened its position in Caterpillar Inc. (NYSE:CAT – Get Rating) by 41.5% in the fourth quarter, HoldingsChannel.com reports. The fund owned 4,913 shares of the industrial products company’s stock after selling 3,488 shares during the period. Continuum Advisory LLC’s holdings in Caterpillar were worth $1,177,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of CAT. Iron Horse Wealth Management LLC grew its position in shares of Caterpillar by 286.7% in the 4th quarter. Iron Horse Wealth Management LLC now owns 116 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 86 shares during the period. Cowa LLC bought a new position in shares of Caterpillar in the 3rd quarter valued at about $33,000. Moisand Fitzgerald Tamayo LLC grew its position in shares of Caterpillar by 44.7% in the 4th quarter. Moisand Fitzgerald Tamayo LLC now owns 136 shares of the industrial products company’s stock valued at $33,000 after acquiring an additional 42 shares during the period. Richard W. Paul & Associates LLC bought a new stake in shares of Caterpillar during the 4th quarter worth about $36,000. Finally, Koesten Hirschmann & Crabtree INC. bought a new stake in shares of Caterpillar during the 4th quarter worth about $38,000. Institutional investors own 68.02% of the company’s stock.

Analysts Set New Price Targets

CAT has been the subject of several research analyst reports. William Blair reaffirmed a “market perform” rating on shares of Caterpillar in a report on Tuesday, January 31st. Stifel Nicolaus lifted their price objective on shares of Caterpillar from $273.00 to $275.00 in a research note on Monday, May 1st. Wells Fargo & Company lifted their price objective on shares of Caterpillar from $228.00 to $240.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 1st. Barclays lifted their price objective on shares of Caterpillar from $200.00 to $225.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 1st. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Caterpillar from $228.00 to $225.00 and set a “hold” rating for the company in a research note on Wednesday, April 12th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $238.94.

Caterpillar Trading Up 1.0 %

CAT traded up $2.12 during trading on Friday, reaching $212.10. 514,735 shares of the company’s stock were exchanged, compared to its average volume of 3,217,386. Caterpillar Inc. has a one year low of $160.60 and a one year high of $266.04. The company has a current ratio of 1.43, a quick ratio of 0.88 and a debt-to-equity ratio of 1.37. The stock has a market capitalization of $109.31 billion, a PE ratio of 15.52, a price-to-earnings-growth ratio of 0.99 and a beta of 1.09. The firm has a fifty day moving average price of $217.25 and a two-hundred day moving average price of $232.93.

Caterpillar (NYSE:CAT – Get Rating) last posted its earnings results on Thursday, April 27th. The industrial products company reported $4.91 earnings per share for the quarter, topping analysts’ consensus estimates of $3.79 by $1.12. Caterpillar had a net margin of 11.52% and a return on equity of 50.98%. The firm had revenue of $15.86 billion for the quarter, compared to analyst estimates of $15.27 billion. During the same period in the previous year, the firm posted $2.88 EPS. The company’s revenue for the quarter was up 16.7% compared to the same quarter last year. As a group, equities research analysts forecast that Caterpillar Inc. will post 17.64 earnings per share for the current fiscal year.

Caterpillar Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 19th. Investors of record on Monday, April 24th were paid a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 2.26%. The ex-dividend date of this dividend was Friday, April 21st. Caterpillar’s dividend payout ratio is presently 35.48%.

About Caterpillar

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Caterpillar, Inc engages in the manufacture of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. It operates through the following segments: Construction Industries, Resource Industries, Energy and Transportation, Financial Products, and All Other.