Caterpillar, Inc. (CAT) Shares Sold by Capital Research Global Investors

Capital Research Global Investors lessened its position in Caterpillar, Inc. (NYSE:CAT) by 79.0% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,436,297 shares of the industrial products company’s stock after selling 9,169,166 shares during the quarter. Capital Research Global Investors owned approximately 0.41% of Caterpillar worth $261,804,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CAT. Family Legacy Inc. purchased a new position in shares of Caterpillar in the 1st quarter valued at approximately $894,000. Northwestern Mutual Investment Management Company LLC raised its stake in Caterpillar by 76.5% during the first quarter. Northwestern Mutual Investment Management Company LLC now owns 118,554 shares of the industrial products company’s stock valued at $10,997,000 after buying an additional 51,371 shares during the last quarter. Tiedemann Wealth Management LLC raised its stake in Caterpillar by 264.1% during the first quarter. Tiedemann Wealth Management LLC now owns 7,988 shares of the industrial products company’s stock valued at $741,000 after buying an additional 5,794 shares during the last quarter. First National Trust Co. raised its stake in Caterpillar by 18.5% during the first quarter. First National Trust Co. now owns 4,989 shares of the industrial products company’s stock valued at $463,000 after buying an additional 780 shares during the last quarter. Finally, Bahl & Gaynor Inc. raised its stake in Caterpillar by 0.9% during the first quarter. Bahl & Gaynor Inc. now owns 8,434 shares of the industrial products company’s stock valued at $782,000 after buying an additional 73 shares during the last quarter. Institutional investors own 69.34% of the company’s stock.

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

Shares of Caterpillar, Inc. (NYSE:CAT) opened at $136.63 on Friday. Caterpillar, Inc. has a fifty-two week low of $80.59 and a fifty-two week high of $140.44. The company has a current ratio of 1.44, a quick ratio of 1.04 and a debt-to-equity ratio of 1.58. The stock has a market capitalization of $81,285.84, a PE ratio of 24.62, a price-to-earnings-growth ratio of 2.07 and a beta of 1.29.

Caterpillar (NYSE:CAT) last released its quarterly earnings results on Tuesday, October 24th. The industrial products company reported $1.95 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 business had revenue of $11.41 billion during the quarter, compared to analyst estimates of $10.69 billion. During the same quarter in the previous year, the company posted $0.85 earnings per share. Caterpillar’s revenue for the quarter was up 24.6% on a year-over-year basis. equities research analysts expect 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. Shareholders of record on Monday, October 23rd will be issued a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 2.28%. The ex-dividend date is Friday, October 20th. Caterpillar’s dividend payout ratio is presently 216.67%.

A number of research analysts have issued reports on the company. UBS AG set a $155.00 price objective on Caterpillar and gave the company a “buy” rating in a research note on Wednesday, October 25th. Stifel Nicolaus lifted their price objective on Caterpillar from $125.00 to $145.00 and gave the company a “hold” rating in a research note on Wednesday, October 25th. Royal Bank Of Canada lifted their price objective on Caterpillar from $120.00 to $143.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 25th. Robert W. Baird lifted their price objective on Caterpillar from $130.00 to $140.00 and gave the company a “neutral” rating in a research note 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 research note on Wednesday, October 25th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and fourteen have given a buy rating to the stock. Caterpillar currently has an average rating of “Hold” and an average target price of $133.70.

About Caterpillar

Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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