Capital Guardian Trust Co. Cuts Stake in Caterpillar, Inc. (CAT)

Capital Guardian Trust Co. lessened its position in shares of Caterpillar, Inc. (NYSE:CAT) by 28.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,200 shares of the industrial products company’s stock after selling 2,875 shares during the quarter. Capital Guardian Trust Co.’s holdings in Caterpillar were worth $774,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. S. R. Schill & Associates lifted its stake in shares of Caterpillar by 0.3% during the first quarter. S. R. Schill & Associates now owns 2,204 shares of the industrial products company’s stock valued at $204,000 after acquiring an additional 6 shares during the period. Northstar Group Inc. lifted its stake in shares of Caterpillar by 0.3% during the second quarter. Northstar Group Inc. now owns 2,385 shares of the industrial products company’s stock valued at $256,000 after acquiring an additional 8 shares during the period. Clearbridge Investments LLC lifted its stake in shares of Caterpillar by 0.3% during the first quarter. Clearbridge Investments LLC now owns 3,635 shares of the industrial products company’s stock valued at $337,000 after acquiring an additional 10 shares during the period. Toth Financial Advisory Corp lifted its stake in shares of Caterpillar by 0.3% during the second quarter. Toth Financial Advisory Corp now owns 3,915 shares of the industrial products company’s stock valued at $421,000 after acquiring an additional 10 shares during the period. Finally, Ironwood Investment Counsel LLC lifted its stake in shares of Caterpillar by 0.3% during the second quarter. Ironwood Investment Counsel LLC now owns 3,425 shares of the industrial products company’s stock valued at $368,000 after acquiring an additional 10 shares during the period. 69.34% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts recently commented on the company. UBS Group AG (USA) set a $155.00 price objective on Caterpillar and gave the company a “buy” rating in a report on Wednesday, October 25th. Stifel Nicolaus upped their price objective on Caterpillar from $125.00 to $145.00 and gave the company a “hold” rating in a report on Wednesday, October 25th. Royal Bank Of Canada upped their price objective on Caterpillar from $120.00 to $143.00 and gave the company a “sector perform” rating in a report on Wednesday, October 25th. Robert W. Baird upped their price objective on Caterpillar from $130.00 to $140.00 and gave the company a “neutral” rating in a report on Wednesday, October 25th. Finally, Bank of America Corporation set a $152.00 price objective on Caterpillar and gave the company a “buy” rating in a report on Wednesday, October 25th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and fourteen have assigned a buy rating to the stock. Caterpillar presently has a consensus rating of “Hold” and a consensus target price of $133.70.

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Caterpillar, Inc. (CAT) opened at $136.63 on Friday. The company has a current ratio of 1.44, a quick ratio of 1.04 and a debt-to-equity ratio of 1.58. Caterpillar, Inc. has a 52-week low of $80.59 and a 52-week high of $140.44. The company has a market capitalization of $81.29 billion, a P/E ratio of 24.59, a P/E/G ratio of 2.06 and a beta of 1.29.

Caterpillar (NYSE:CAT) last issued its quarterly earnings results on Tuesday, October 24th. The industrial products company reported $1.95 EPS for the quarter, beating the consensus estimate of $1.27 by $0.68. Caterpillar had a return on equity of 23.22% and a net margin of 2.09%. The firm had revenue of $11.41 billion during the quarter, compared to analysts’ expectations of $10.69 billion. During the same period in the prior year, the firm posted $0.85 earnings per share. The business’s quarterly revenue was up 24.6% compared to the same quarter last year. equities analysts predict that Caterpillar, Inc. will post 6.4 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 given 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 2.28%. Caterpillar’s dividend payout ratio (DPR) is presently 216.67%.

In related news, Director Daniel M. Dickinson sold 3,813 shares of the stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $137.09, for a total transaction of $522,724.17. Following the completion of the transaction, the director now directly owns 6,554 shares of the company’s stock, valued at $898,487.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Lange Bob De sold 1,572 shares of the stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $137.58, for a total value of $216,275.76. Following the transaction, the insider now directly owns 11,096 shares of the company’s stock, valued at $1,526,587.68. The disclosure for this sale can be found here. Corporate insiders own 0.14% of the company’s stock.

Caterpillar Profile

Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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