M&R Capital Management Inc. Cuts Holdings in Caterpillar Inc. (CAT)

M&R Capital Management Inc. reduced its position in shares of Caterpillar Inc. (NYSE:CAT) by 10.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,144 shares of the industrial products company’s stock after selling 500 shares during the period. M&R Capital Management Inc.’s holdings in Caterpillar were worth $516,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of CAT. Baker Ellis Asset Management LLC acquired a new position in shares of Caterpillar during the 2nd quarter worth approximately $104,000. Motco boosted its holdings in shares of Caterpillar by 264.9% during the 2nd quarter. Motco now owns 989 shares of the industrial products company’s stock worth $106,000 after purchasing an additional 718 shares during the last quarter. Acrospire Investment Management LLC boosted its holdings in shares of Caterpillar by 900.0% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,000 shares of the industrial products company’s stock worth $107,000 after purchasing an additional 900 shares during the last quarter. Harbour Capital Advisors LLC acquired a new position in shares of Caterpillar during the 1st quarter worth approximately $107,000. Finally, Chicago Partners Investment Group LLC boosted its holdings in shares of Caterpillar by 75.6% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 1,152 shares of the industrial products company’s stock worth $118,000 after purchasing an additional 496 shares during the last quarter. Institutional investors own 68.53% of the company’s stock.

In other 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 sale, the insider now owns 11,096 shares of the company’s stock, valued at $1,526,587.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Bradley M. Halverson sold 2,600 shares of the company’s stock in a transaction on Monday, November 27th. The stock was sold at an average price of $137.67, for a total value of $357,942.00. Following the sale, the insider now directly owns 5,214 shares in the company, valued at approximately $717,811.38. The disclosure for this sale can be found here. Insiders have sold 52,989 shares of company stock worth $7,235,850 over the last 90 days. 0.14% of the stock is owned by insiders.

Caterpillar Inc. (NYSE:CAT) opened at $155.75 on Friday. The company has a debt-to-equity ratio of 1.58, a quick ratio of 1.04 and a current ratio of 1.44. Caterpillar Inc. has a 52 week low of $90.34 and a 52 week high of $155.80. The company has a market capitalization of $92,000.54, a price-to-earnings ratio of 108.16, a price-to-earnings-growth ratio of 2.32 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 EPS 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 analysts’ expectations of $10.69 billion. During the same period in the prior year, the firm earned $0.85 earnings per share. The firm’s revenue was up 24.6% compared to the same quarter last year. sell-side analysts predict that Caterpillar Inc. will post 6.45 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 20th. Shareholders of record on Monday, January 22nd will be paid a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date of this dividend is Friday, January 19th. Caterpillar’s dividend payout ratio (DPR) is 216.67%.

A number of research firms recently commented on CAT. BMO Capital Markets upped their price objective on Caterpillar from $130.00 to $150.00 and gave the company an “outperform” rating in a report on Thursday, September 14th. Citigroup upped their price objective on Caterpillar from $145.00 to $160.00 and gave the company a “neutral” rating in a report on Thursday. Vetr upgraded Caterpillar from a “sell” rating to a “hold” rating and set a $131.05 price objective on the stock in a report on Thursday, October 19th. Zacks Investment Research cut Caterpillar from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 26th. Finally, Argus upped their price objective on Caterpillar from $130.00 to $155.00 and gave the company a “buy” rating in a report on Thursday, October 26th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and fourteen have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $139.93.

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Caterpillar Company Profile

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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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