Caterpillar, Inc. (CAT) Shares Sold by Nicholas Hoffman & Company LLC.

Nicholas Hoffman & Company LLC. lessened its stake in shares of Caterpillar, Inc. (NYSE:CAT) by 4.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,462 shares of the industrial products company’s stock after selling 451 shares during the period. Nicholas Hoffman & Company LLC.’s holdings in Caterpillar were worth $1,017,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of CAT. Norinchukin Bank The raised its stake in shares of Caterpillar by 4.1% during the first quarter. Norinchukin Bank The now owns 104,641 shares of the industrial products company’s stock valued at $9,706,000 after acquiring an additional 4,099 shares in the last quarter. HL Financial Services LLC raised its stake in shares of Caterpillar by 2.4% during the first quarter. HL Financial Services LLC now owns 62,668 shares of the industrial products company’s stock valued at $5,813,000 after acquiring an additional 1,469 shares in the last quarter. Trexquant Investment LP bought a new stake in shares of Caterpillar during the first quarter valued at approximately $398,000. Signature Financial Management Inc. raised its stake in shares of Caterpillar by 4.2% during the first quarter. Signature Financial Management Inc. now owns 2,475 shares of the industrial products company’s stock valued at $228,000 after acquiring an additional 100 shares in the last quarter. Finally, Davidson & Garrard Inc. raised its stake in shares of Caterpillar by 0.6% during the first quarter. Davidson & Garrard Inc. now owns 24,222 shares of the industrial products company’s stock valued at $2,247,000 after acquiring an additional 152 shares in the last quarter. 69.34% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages recently commented on CAT. UBS AG set a $155.00 price objective on shares of Caterpillar and gave the stock a “buy” rating in a research note on Wednesday, October 25th. Royal Bank Of Canada boosted their price objective on shares of Caterpillar from $120.00 to $143.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 25th. Robert W. Baird boosted their price objective on shares of Caterpillar from $130.00 to $140.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 25th. Atlantic Securities raised shares of Caterpillar from an “underweight” rating to a “neutral” rating and boosted their price objective for the stock from $85.00 to $115.00 in a research note on Thursday, August 3rd. Finally, Stifel Nicolaus boosted their price objective on shares of Caterpillar from $125.00 to $145.00 and gave the stock a “hold” rating in a research note on Wednesday, October 25th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $133.70.

In other Caterpillar news, insider Suzette M. Long sold 13,859 shares of the firm’s stock in a transaction on Friday, August 4th. The shares were 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Lange Bob De sold 1,572 shares of the firm’s stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $137.58, for a total transaction of $216,275.76. Following the transaction, the insider now directly owns 11,096 shares in the company, valued at $1,526,587.68. The disclosure for this sale can be found here. Company insiders own 0.14% of the company’s stock.

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Shares of Caterpillar, Inc. (CAT) opened at 135.80 on Wednesday. The stock has a market capitalization of $80.25 billion, a price-to-earnings ratio of 758.66 and a beta of 1.26. The stock’s 50 day moving average is $128.14 and its 200-day moving average is $112.85. Caterpillar, Inc. has a one year low of $80.33 and a one year high of $140.44.

Caterpillar (NYSE:CAT) last announced its quarterly earnings results on Tuesday, October 24th. The industrial products company reported $1.95 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.27 by $0.68. Caterpillar had a net margin of 2.09% and a return on equity of 23.22%. The firm had revenue of $11.41 billion for the quarter, compared to analyst estimates of $10.69 billion. During the same period last year, the business earned $0.85 EPS. Caterpillar’s revenue for the quarter was up 24.6% compared to the same quarter last year. On average, equities research analysts predict that Caterpillar, Inc. will post $6.36 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, November 20th. Investors of record on Monday, October 23rd will be paid a dividend of $0.78 per share. The ex-dividend date of this dividend is Friday, October 20th. This represents a $3.12 annualized dividend and a yield of 2.30%. Caterpillar’s dividend payout ratio is currently 216.67%.

Caterpillar Company Profile

Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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