YHB Investment Advisors Inc. buys 202 shares of Caterpillar Inc. (NYSE:CAT)


YHB Investment Advisors Inc. increased its stake in shares of Caterpillar Inc. (NYSE: CATGet a rating) by 11.6% in the 1st quarter, HoldingsChannel.com reports. The company held 1,938 shares of the industrial products company after buying an additional 202 shares during the quarter. YHB Investment Advisors Inc.’s holdings in Caterpillar were worth $432,000 at the end of the last quarter.

Several other hedge funds and other institutional investors have also recently increased or reduced their stakes in CAT. Studio Investment Management LLC purchased a new position in Caterpillar stock during Q3 valued at approximately $1,506,000. Willis Investment Counsel increased its position in Caterpillar shares by 40.6% during the third quarter. Willis Investment Counsel now owns 140,404 shares of the industrial products company valued at $26,953,000 after buying an additional 40,550 shares in the last quarter. Orleans Capital Management Corp LA increased its position in Caterpillar shares by 4.1% during the third quarter. Orleans Capital Management Corp LA now owns 5,640 shares of the industrial products company valued at $1,083,000 after buying an additional 220 shares in the last quarter. Patriot Financial Group Insurance Agency LLC increased its position in Caterpillar shares by 17.5% during the third quarter. Patriot Financial Group Insurance Agency LLC now owns 2,362 shares of the industrial products company valued at $453,000 after buying 352 additional shares in the last quarter. Finally, Homrich & Berg increased its position in Caterpillar shares by 21.3% in the third quarter. Homrich & Berg now owns 17,732 shares of the industrial products company valued at $3,404,000 after buying 3,119 additional shares in the last quarter. 67.44% of the shares are currently held by hedge funds and other institutional investors.

Shares of cat stock opened at $185.49 on Friday. Caterpillar Inc. has a 12-month low of $176.02 and a 12-month high of $237.90. The stock has a market capitalization of $98.93 billion, a price/earnings ratio of 15.55, a P/E/G ratio of 1.22 and a beta of 0.94. The stock has a fifty-day simple moving average of $211.07 and a two-hundred-day simple moving average of $210.30. The company has a current ratio of 1.44, a quick ratio of 0.93 and a debt ratio of 1.48.

Caterpillar (NYSE: CATGet a rating) last released its quarterly earnings data on Thursday, April 28. The industrial products company reported earnings per share of $2.88 for the quarter, beating analysts’ consensus estimate of $2.66 by $0.22. The company posted revenue of $13.60 billion in the quarter, compared to $13.49 billion expected by analysts. Caterpillar had a return on equity of 35.10% and a net margin of 12.33%. The company’s quarterly revenue increased 14.4% year over year. During the same period a year earlier, the company posted EPS of $2.87. Research analysts predict Caterpillar Inc. will post an EPS of 12.64 for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, August 19. Investors of record on Wednesday, July 20 will receive a dividend of $1.20 per share. This is a boost from Caterpillar’s previous quarterly dividend of $1.11. This represents a dividend of $4.80 on an annualized basis and a dividend yield of 2.59%. The ex-dividend date is Tuesday, July 19. Caterpillar’s dividend payout ratio is 37.22%.

In other Caterpillar news, an insider Joseph E. Credo sold 5,004 shares in a trade dated Wednesday, April 20. The stock was sold at an average price of $235.00, for a total value of $1,175,940.00. Following the completion of the sale, the insider now directly owns 2,757 shares of the company, valued at $647,895. The transaction was disclosed in an SEC filing, available at this link. Also, director David Maclennan bought 600 shares of the company in a trade on Thursday, May 5. The shares were acquired at an average price of $219.82 per share, with a total value of $131,892.00. Following the completion of the purchase, the director now owns 2,480 shares of the company, valued at approximately $545,153.60. Disclosure of this purchase can be found here. Insiders sold a total of 11,577 shares of the company valued at $2,663,056 in the past 90 days. 0.18% of the shares are currently held by insiders of the company.

CAT has been the subject of several analyst reports. Morgan Stanley cut its target price on Caterpillar from $164.00 to $161.00 and set an “underweight” rating on the stock in a research report on Thursday. StockNews.com upgraded Caterpillar from a “hold” rating to a “buy” rating in a research report on Friday. Wells Fargo & Company began covering Caterpillar in a research report on Friday, March 11. They issued an “equal weight” rating and a price target of $231.00 on the stock. Robert W. Baird reaffirmed an “outperform” rating and issued a $280.00 price target on Caterpillar shares in a research report on Thursday, May 19. Finally, Jefferies Financial Group upgraded Caterpillar from a “hold” rating to a “buy” rating and raised its price target for the company from $215.00 to $260.00 in a Tuesday research report. 8 March. One analyst rated the stock with a sell rating, three have issued a hold rating and eleven have assigned the stock a buy rating. According to MarketBeat, Caterpillar has an average rating of “Moderate Buy” and an average target price of $243.50.

About Caterpillar (Get a rating)

Caterpillar Inc manufactures and sells construction and mining equipment, diesel and natural gas engines, and industrial gas turbines worldwide. Its Construction Industries segment offers asphalt pavers, backhoe loaders, compactors, cold planers, compact track and multi-terrain loaders, excavators, graders, pipelayers, road reclaimers, site preparation tractors, skid steer loaders, telehandlers and utility vehicles; mini, small, medium and large excavators; compact, small and medium wheel loaders; crawler tractors and loaders; and wheel excavators.

Further reading

Want to see which other hedge funds hold CAT? Visit HoldingsChannel.com for the latest 13F filings and insider trading for Caterpillar Inc. (NYSE: CATGet a rating).

Institutional ownership by quarter for Caterpillar (NYSE:CAT)



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