OLD National Bancorp IN Has $932,000 Holding in Caterpillar Inc. (CAT)

OLD National Bancorp IN Has $932,000 Holding in Caterpillar Inc. (CAT)

OLD National Bancorp IN cut its position in Caterpillar Inc. (NYSE:CAT) by 34.4% during the first quarter, Holdings Channel reports. The firm owned 10,052 shares of the industrial products company’s stock after selling 5,263 shares during the period. OLD National Bancorp IN’s holdings in Caterpillar were worth $932,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Northstar Group Inc. raised its stake in Caterpillar by 0.3% in the first quarter. Northstar Group Inc. now owns 2,377 shares of the industrial products company’s stock worth $219,000 after buying an additional 8 shares during the period. Bingham Osborn & Scarborough LLC increased its position in Caterpillar by 0.4% in the fourth quarter. Bingham Osborn & Scarborough LLC now owns 2,303 shares of the industrial products company’s stock worth $214,000 after buying an additional 9 shares in the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC increased its position in Caterpillar by 1.3% in the third quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 1,533 shares of the industrial products company’s stock worth $135,000 after buying an additional 20 shares in the last quarter. Diversified Trust Co increased its position in Caterpillar by 1.9% in the first quarter. Diversified Trust Co now owns 2,777 shares of the industrial products company’s stock worth $258,000 after buying an additional 53 shares in the last quarter. Finally, Financial Architects Inc increased its position in Caterpillar by 5.7% in the first quarter. Financial Architects Inc now owns 1,215 shares of the industrial products company’s stock worth $113,000 after buying an additional 65 shares in the last quarter. 70.97% of the stock is owned by institutional investors and hedge funds.

Caterpillar Inc. (NYSE CAT) opened at 105.65 on Friday. The firm’s 50 day moving average price is $100.72 and its 200-day moving average price is $96.13. Caterpillar Inc. has a one year low of $70.53 and a one year high of $106.43. The company’s market capitalization is $62.24 billion.

Caterpillar (NYSE:CAT) last released its earnings results on Tuesday, April 25th. The industrial products company reported $1.28 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.66. Caterpillar had a positive return on equity of 13.44% and a negative net margin of 0.17%. The business had revenue of $9.82 billion during the quarter, compared to the consensus estimate of $9.27 billion. During the same period last year, the business posted $0.67 earnings per share. The business’s revenue for the quarter was up 3.8% on a year-over-year basis. Equities analysts forecast that Caterpillar Inc. will post $4.12 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Saturday, May 20th. Shareholders of record on Monday, April 24th were given a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date of this dividend was Thursday, April 20th. Caterpillar’s dividend payout ratio is currently -2,369.23%.

A number of equities analysts recently commented on CAT shares. Vetr upgraded Caterpillar from a “sell” rating to a “buy” rating and set a $98.27 price objective on the stock in a report on Tuesday, February 7th. Goldman Sachs Group Inc upgraded Caterpillar from a “buy” rating to a “conviction-buy” rating and set a $120.00 price objective on the stock in a report on Tuesday, April 4th. Stifel Nicolaus dropped their price objective on Caterpillar from $111.00 to $95.00 and set a “hold” rating on the stock in a report on Wednesday, April 26th. Barclays PLC upgraded Caterpillar from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $100.00 to $110.00 in a report on Tuesday, February 7th. Finally, Bank of America Corp restated a “neutral” rating and issued a $105.00 price objective on shares of Caterpillar in a report on Monday, March 6th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $94.65.

Caterpillar Company Profile

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