Tudor Investment Corp ET AL Cuts Holdings in Caterpillar, Inc. (CAT)

Tudor Investment Corp ET AL cut its holdings in shares of Caterpillar, Inc. (NYSE:CAT) by 16.5% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 92,736 shares of the industrial products company’s stock after selling 18,264 shares during the period. Tudor Investment Corp ET AL’s holdings in Caterpillar were worth $9,965,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in CAT. Trexquant Investment LP acquired a new position in Caterpillar during the 1st quarter valued at about $398,000. Signature Financial Management Inc. lifted its position in Caterpillar by 4.2% during the 1st quarter. Signature Financial Management Inc. now owns 2,475 shares of the industrial products company’s stock valued at $228,000 after purchasing an additional 100 shares during the period. Davidson & Garrard Inc. lifted its position in Caterpillar by 0.6% during the 1st quarter. Davidson & Garrard Inc. now owns 24,222 shares of the industrial products company’s stock valued at $2,247,000 after purchasing an additional 152 shares during the period. Levin Capital Strategies L.P. lifted its position in Caterpillar by 0.7% during the 1st quarter. Levin Capital Strategies L.P. now owns 90,795 shares of the industrial products company’s stock valued at $8,422,000 after purchasing an additional 650 shares during the period. Finally, Family Legacy Inc. acquired a new position in Caterpillar during the 1st quarter valued at about $894,000. Institutional investors own 69.34% of the company’s stock.

Caterpillar (NYSE:CAT) last issued its earnings results on Tuesday, October 24th. The industrial products company reported $1.95 earnings per share for the quarter, topping analysts’ consensus estimates of $1.27 by $0.68. Caterpillar had a return on equity of 23.22% and a net margin of 2.09%. The company had revenue of $11.41 billion for the quarter, compared to analyst estimates of $10.69 billion. During the same period in the prior year, the firm earned $0.85 earnings per share. Caterpillar’s revenue for the quarter was up 24.6% on a year-over-year basis.

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 issued 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 2.29%. Caterpillar’s dividend payout ratio (DPR) is currently 216.67%.

CAT has been the topic of a number of analyst reports. BidaskClub upgraded shares of Caterpillar from a “sell” rating to a “hold” rating in a research report on Friday, August 25th. Seaport Global Securities initiated coverage on shares of Caterpillar in a research report on Wednesday, September 6th. They issued a “neutral” rating and a $120.00 price target on the stock. Wells Fargo & Company reiterated an “outperform” rating on shares of Caterpillar in a research report on Wednesday, July 26th. Vetr downgraded shares of Caterpillar from a “buy” rating to a “hold” rating and set a $120.03 price target on the stock. in a research report on Tuesday, August 22nd. Finally, Credit Suisse Group reiterated an “outperform” rating and issued a $146.00 price target (up from $133.00) on shares of Caterpillar in a research report on Wednesday, October 18th. 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 presently has an average rating of “Hold” and an average target price of $133.70.

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In related news, insider Lange Bob De sold 1,572 shares of the company’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 completion of the sale, the insider now owns 11,096 shares in the company, valued at $1,526,587.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Daniel M. Dickinson sold 3,813 shares of the company’s stock in a transaction on Monday, October 30th. The stock was sold at an average price of $137.09, for a total value of $522,724.17. Following the sale, the director now owns 6,554 shares of the company’s stock, valued at approximately $898,487.86. The disclosure for this sale can be found here. Corporate insiders own 0.14% of the company’s stock.

Caterpillar Company Profile

Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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