Seaward Management Limited Partnership Cuts Position in Caterpillar, Inc. (CAT)

Seaward Management Limited Partnership decreased its position in shares of Caterpillar, Inc. (NYSE:CAT) by 1.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 50,373 shares of the industrial products company’s stock after selling 895 shares during the period. Seaward Management Limited Partnership’s holdings in Caterpillar were worth $4,672,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CAT. Prospera Financial Services Inc raised its stake in shares of Caterpillar by 217.3% in the first quarter. Prospera Financial Services Inc now owns 26,952 shares of the industrial products company’s stock worth $2,530,000 after buying an additional 18,457 shares during the period. First Command Financial Services Inc. raised its stake in shares of Caterpillar by 14.4% in the first quarter. First Command Financial Services Inc. now owns 3,807 shares of the industrial products company’s stock worth $353,000 after buying an additional 480 shares during the period. Visionary Asset Management Inc. raised its stake in shares of Caterpillar by 1.5% in the first quarter. Visionary Asset Management Inc. now owns 37,407 shares of the industrial products company’s stock worth $3,470,000 after buying an additional 546 shares during the period. Atria Investments LLC raised its stake in shares of Caterpillar by 38.5% in the first quarter. Atria Investments LLC now owns 29,654 shares of the industrial products company’s stock worth $2,751,000 after buying an additional 8,236 shares during the period. Finally, First National Bank & Trust Co. of Newtown raised its stake in shares of Caterpillar by 1.5% in the first quarter. First National Bank & Trust Co. of Newtown now owns 10,781 shares of the industrial products company’s stock worth $1,000,000 after buying an additional 160 shares during the period. Institutional investors own 70.27% of the company’s stock.

Caterpillar, Inc. (CAT) traded up 0.06% during midday trading on Thursday, reaching $114.19. 732,480 shares of the company’s stock traded hands. The stock has a market cap of $67.48 billion, a PE ratio of 637.93 and a beta of 1.25. The stock’s 50 day moving average price is $110.60 and its 200-day moving average price is $101.57. Caterpillar, Inc. has a one year low of $79.93 and a one year high of $115.46.

Caterpillar (NYSE:CAT) last posted its quarterly earnings data on Tuesday, July 25th. The industrial products company reported $1.49 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.26 by $0.23. Caterpillar had a return on equity of 18.52% and a net margin of 0.27%. The firm had revenue of $11.33 billion for the quarter, compared to analysts’ expectations of $10.96 billion. During the same period in the previous year, the firm earned $1.09 EPS. The business’s quarterly revenue was up 9.6% on a year-over-year basis. Equities analysts predict that Caterpillar, Inc. will post $5.24 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, August 19th. Stockholders of record on Thursday, July 20th will be given a dividend of $0.78 per share. This is a boost from Caterpillar’s previous quarterly dividend of $0.77. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date of this dividend is Tuesday, July 18th. Caterpillar’s payout ratio is presently 2,080.00%.

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A number of analysts have commented on CAT shares. BidaskClub upgraded shares of Caterpillar from a “hold” rating to a “buy” rating in a research note on Saturday, July 1st. Axiom Securities restated a “sell” rating on shares of Caterpillar in a research note on Tuesday, June 6th. Wells Fargo & Company restated an “outperform” rating on shares of Caterpillar in a research note on Wednesday, July 26th. Raymond James Financial, Inc. upgraded shares of Caterpillar to a “buy” rating and set a $55.00 price target for the company in a research note on Thursday, April 27th. Finally, Credit Suisse Group set a $123.00 price target on shares of Caterpillar and gave the company a “buy” rating in a research note on Tuesday, July 25th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. Caterpillar has an average rating of “Hold” and an average price target of $107.15.

In other news, insider Suzette M. Long sold 13,859 shares of Caterpillar stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $114.30, for a total transaction of $1,584,083.70. Following the transaction, the insider now directly owns 18,188 shares of the company’s stock, valued at approximately $2,078,888.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Bradley M. Halverson sold 182,612 shares of Caterpillar stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $114.05, for a total value of $20,826,898.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 201,471 shares of company stock worth $22,979,332. Insiders own 0.15% of the company’s stock.

Caterpillar Company Profile

Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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