LS Investment Advisors LLC reduced its holdings in shares of Caterpillar, Inc. (NYSE:CAT) by 2.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 25,936 shares of the industrial products company’s stock after selling 618 shares during the quarter. LS Investment Advisors LLC’s holdings in Caterpillar were worth $3,234,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in CAT. Quadrant Capital Group LLC boosted its position in shares of Caterpillar by 10.6% during the 2nd quarter. Quadrant Capital Group LLC now owns 1,339 shares of the industrial products company’s stock worth $102,000 after acquiring an additional 128 shares in the last quarter. Baker Ellis Asset Management LLC purchased a new stake in shares of Caterpillar in the 2nd quarter valued at about $104,000. Motco lifted its holdings in shares of Caterpillar by 264.9% in the 2nd quarter. Motco now owns 989 shares of the industrial products company’s stock valued at $106,000 after purchasing an additional 718 shares during the last quarter. Harbour Capital Advisors LLC purchased a new stake in shares of Caterpillar in the 1st quarter valued at about $107,000. Finally, Acrospire Investment Management LLC lifted its holdings in shares of Caterpillar by 900.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,000 shares of the industrial products company’s stock valued at $107,000 after purchasing an additional 900 shares during the last quarter. 69.38% of the stock is owned by institutional investors and hedge funds.
Shares of Caterpillar, Inc. (NYSE:CAT) opened at $136.13 on Friday. The firm has a market capitalization of $80,990.00, a P/E ratio of 24.78, a P/E/G ratio of 2.08 and a beta of 1.29. The company has a quick ratio of 1.04, a current ratio of 1.44 and a debt-to-equity ratio of 1.58. Caterpillar, Inc. has a fifty-two week low of $90.34 and a fifty-two week high of $140.44.
The company 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 $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date of this dividend is Friday, October 20th. Caterpillar’s dividend payout ratio is currently 216.67%.
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In other Caterpillar news, Director Daniel M. Dickinson sold 3,813 shares of the stock in a transaction 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 sale, the director now owns 6,554 shares in the company, valued at approximately $898,487.86. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Lange Bob De sold 1,572 shares of the stock in a transaction 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 sale, the insider now owns 11,096 shares in the company, valued at approximately $1,526,587.68. The disclosure for this sale can be found here. Corporate insiders own 0.14% of the company’s stock.
Several research firms have recently weighed in on CAT. Atlantic Securities raised Caterpillar from an “underweight” rating to a “neutral” rating and boosted their target price for the company from $85.00 to $115.00 in a report on Thursday, August 3rd. Vetr raised Caterpillar from a “sell” rating to a “hold” rating and set a $135.41 target price for the company in a report on Monday, November 13th. Argus reissued a “buy” rating and issued a $113.10 target price (down from $130.00) on shares of Caterpillar in a report on Wednesday, August 2nd. Jefferies Group LLC reissued a “hold” rating and issued a $120.00 target price (up from $100.00) on shares of Caterpillar in a report on Wednesday, July 26th. Finally, ValuEngine downgraded Caterpillar from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $133.92.
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