Texas Capital Bancshares Inc TX Has $922,000 Holdings in Caterpillar Inc. $CAT

Texas Capital Bancshares Inc TX lessened its stake in shares of Caterpillar Inc. (NYSE:CAT) by 1.3% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 2,797 shares of the industrial products company’s stock after selling 36 shares during the quarter. Texas Capital Bancshares Inc TX’s holdings in Caterpillar were worth $922,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of CAT. Pacific Point Advisors LLC acquired a new stake in Caterpillar during the 4th quarter worth about $579,000. Brighton Jones LLC raised its holdings in Caterpillar by 51.5% during the 4th quarter. Brighton Jones LLC now owns 7,409 shares of the industrial products company’s stock worth $2,688,000 after buying an additional 2,519 shares during the period. First Trust Advisors LP raised its holdings in Caterpillar by 5.1% during the 4th quarter. First Trust Advisors LP now owns 292,937 shares of the industrial products company’s stock worth $106,266,000 after buying an additional 14,233 shares during the period. Ossiam raised its holdings in Caterpillar by 1,133.7% during the 4th quarter. Ossiam now owns 4,688 shares of the industrial products company’s stock worth $1,701,000 after buying an additional 4,308 shares during the period. Finally, Kayne Anderson Rudnick Investment Management LLC raised its holdings in Caterpillar by 117.6% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 346 shares of the industrial products company’s stock worth $126,000 after buying an additional 187 shares during the period. Institutional investors and hedge funds own 70.98% of the company’s stock.

Insider Buying and Selling

In other Caterpillar news, insider Jason Kaiser sold 2,161 shares of the stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $417.70, for a total transaction of $902,649.70. Following the transaction, the insider owned 8,632 shares in the company, valued at $3,605,586.40. This trade represents a 20.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.33% of the stock is currently owned by company insiders.

Caterpillar Trading Up 1.2%

NYSE:CAT opened at $412.74 on Tuesday. The stock’s 50 day moving average price is $400.72 and its 200 day moving average price is $356.07. Caterpillar Inc. has a 52 week low of $267.30 and a 52 week high of $441.15. The company has a market capitalization of $193.36 billion, a P/E ratio of 20.99, a P/E/G ratio of 2.43 and a beta of 1.40. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.81 and a current ratio of 1.34.

Caterpillar (NYSE:CAT) last released its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $4.72 EPS for the quarter, missing analysts’ consensus estimates of $4.88 by ($0.16). Caterpillar had a return on equity of 48.95% and a net margin of 14.95%. The firm had revenue of $16.57 billion during the quarter, compared to analyst estimates of $16.14 billion. During the same quarter in the prior year, the company posted $5.99 EPS. The company’s quarterly revenue was down .7% on a year-over-year basis. On average, research analysts forecast that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

Caterpillar Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 20th. Shareholders of record on Monday, July 21st will be issued a dividend of $1.51 per share. This represents a $6.04 annualized dividend and a yield of 1.5%. This is a boost from Caterpillar’s previous quarterly dividend of $1.41. The ex-dividend date is Monday, July 21st. Caterpillar’s dividend payout ratio is 30.72%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on CAT shares. Bank of America upped their target price on Caterpillar from $460.00 to $495.00 and gave the company a “buy” rating in a report on Wednesday, August 6th. DA Davidson raised their price target on shares of Caterpillar from $331.00 to $388.00 and gave the stock a “neutral” rating in a report on Tuesday, July 22nd. Baird R W upgraded shares of Caterpillar from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 13th. Sanford C. Bernstein restated a “market perform” rating on shares of Caterpillar in a report on Monday, July 14th. Finally, Evercore ISI decreased their price target on shares of Caterpillar from $375.00 to $373.00 and set an “in-line” rating for the company in a report on Monday, May 19th. Seven investment analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $444.00.

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.