Investment House LLC Sells 400 Shares of Caterpillar, Inc. (NYSE:CAT)

Investment House LLC lowered its stake in shares of Caterpillar, Inc. (NYSE:CAT) by 3.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,687 shares of the industrial products company’s stock after selling 400 shares during the period. Investment House LLC’s holdings in Caterpillar were worth $991,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of CAT. Northstar Group Inc. raised its position in Caterpillar by 0.3% in the first quarter. Northstar Group Inc. now owns 2,377 shares of the industrial products company’s stock valued at $219,000 after buying an additional 8 shares during the last quarter. Trust Investment Advisors raised its position in Caterpillar by 0.3% in the first quarter. Trust Investment Advisors now owns 16,080 shares of the industrial products company’s stock valued at $1,492,000 after buying an additional 50 shares during the last quarter. Diversified Trust Co raised 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 valued at $258,000 after buying an additional 53 shares during the last quarter. Financial Architects Inc raised 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 valued at $113,000 after buying an additional 65 shares during the last quarter. Finally, Bancorpsouth Inc. raised its position in Caterpillar by 1.2% in the first quarter. Bancorpsouth Inc. now owns 5,787 shares of the industrial products company’s stock valued at $537,000 after buying an additional 69 shares during the last quarter. 70.27% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Caterpillar, Inc. (NYSE:CAT) traded up 0.69% during mid-day trading on Friday, hitting $113.92. The company’s stock had a trading volume of 3,875,693 shares. Caterpillar, Inc. has a 1-year low of $79.93 and a 1-year high of $115.46. The company has a 50-day moving average of $111.03 and a 200 day moving average of $101.77. The company has a market cap of $67.32 billion, a price-to-earnings ratio of 636.42 and a beta of 1.25.

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

The business also recently declared a quarterly dividend, which will be paid on Saturday, August 19th. Investors of record on Thursday, July 20th will be paid a $0.78 dividend. This is a boost from Caterpillar’s previous quarterly dividend of $0.77. This represents a $3.12 annualized dividend and a dividend yield of 2.74%. The ex-dividend date is Tuesday, July 18th. Caterpillar’s payout ratio is 2,080.00%.

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Several brokerages have weighed in on CAT. UBS AG reaffirmed a “neutral” rating and issued a $102.00 target price (up from $98.00) on shares of Caterpillar in a research report on Friday, April 28th. Wells Fargo & Company reaffirmed an “outperform” rating on shares of Caterpillar in a research report on Wednesday, July 26th. Vetr raised Caterpillar from a “strong sell” rating to a “buy” rating and set a $120.03 target price on the stock in a research report on Thursday, August 10th. Axiom Securities reaffirmed a “sell” rating on shares of Caterpillar in a research report on Tuesday, June 6th. Finally, Citigroup Inc. upped their target price on Caterpillar from $115.00 to $125.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 26th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. Caterpillar presently has an average rating of “Hold” and a consensus target price of $107.15.

In related news, insider Bradley M. Halverson sold 182,612 shares of the business’s stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $114.05, for a total value of $20,826,898.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Suzette M. Long sold 13,859 shares of the business’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $114.30, for a total value of $1,584,083.70. Following the completion of the sale, the insider now owns 18,188 shares of the company’s stock, valued at $2,078,888.40. The disclosure for this sale can be found here. Over the last quarter, insiders sold 201,471 shares of company stock valued at $22,979,332. 0.15% of the stock is currently owned by corporate insiders.

About Caterpillar

Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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