Caterpillar Inc. (CAT) Shares Sold by Penobscot Investment Management Company Inc.

Penobscot Investment Management Company Inc. reduced its stake in shares of Caterpillar Inc. (NYSE:CAT) by 8.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,270 shares of the industrial products company’s stock after selling 565 shares during the period. Penobscot Investment Management Company Inc.’s holdings in Caterpillar were worth $797,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Dupont Capital Management Corp boosted its stake in Caterpillar by 9.9% in the third quarter. Dupont Capital Management Corp now owns 6,701 shares of the industrial products company’s stock valued at $1,022,000 after acquiring an additional 601 shares during the last quarter. LSV Asset Management raised its holdings in Caterpillar by 17.8% in the third quarter. LSV Asset Management now owns 15,900 shares of the industrial products company’s stock worth $2,424,000 after purchasing an additional 2,400 shares during the period. Montag A & Associates Inc. acquired a new stake in Caterpillar in the third quarter worth $1,537,000. MML Investors Services LLC raised its holdings in Caterpillar by 56.8% in the third quarter. MML Investors Services LLC now owns 65,847 shares of the industrial products company’s stock worth $10,041,000 after purchasing an additional 23,859 shares during the period. Finally, Twin Capital Management Inc. raised its holdings in Caterpillar by 6.2% in the third quarter. Twin Capital Management Inc. now owns 51,260 shares of the industrial products company’s stock worth $7,817,000 after purchasing an additional 3,010 shares during the period. Institutional investors and hedge funds own 66.16% of the company’s stock.

Shares of CAT stock opened at $133.69 on Friday. The stock has a market cap of $76.25 billion, a P/E ratio of 11.92, a P/E/G ratio of 0.59 and a beta of 1.47. The company has a quick ratio of 0.96, a current ratio of 1.37 and a debt-to-equity ratio of 1.78. Caterpillar Inc. has a 52 week low of $112.06 and a 52 week high of $161.60.

Caterpillar (NYSE:CAT) last announced its earnings results on Monday, January 28th. The industrial products company reported $2.55 EPS for the quarter, missing the consensus estimate of $2.98 by ($0.43). Caterpillar had a return on equity of 45.31% and a net margin of 11.23%. The company had revenue of $14.34 billion for the quarter, compared to the consensus estimate of $14.36 billion. During the same period in the previous year, the firm posted $2.16 EPS. The business’s quarterly revenue was up 11.2% on a year-over-year basis. On average, research analysts forecast that Caterpillar Inc. will post 12.24 EPS for the current year.

Several research firms have weighed in on CAT. Zacks Investment Research upgraded shares of Caterpillar from a “sell” rating to a “hold” rating in a report on Tuesday. ValuEngine raised shares of Caterpillar from a “sell” rating to a “hold” rating in a research report on Friday, March 1st. UBS Group downgraded shares of Caterpillar from a “buy” rating to a “sell” rating and decreased their price objective for the company from $154.00 to $125.00 in a research report on Tuesday, February 26th. OTR Global downgraded shares of Caterpillar to a “positive” rating in a research report on Friday, February 15th. Finally, Credit Suisse Group reissued a “buy” rating and issued a $173.00 price objective on shares of Caterpillar in a research report on Thursday, February 14th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $150.24.

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About Caterpillar

Caterpillar Inc manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives for construction, resource, and energy and transportation industries. Its Construction Industries segment offers asphalt pavers, backhoe loaders, compactors, cold planers, compact truck and multi-terrain loaders, forestry excavators, feller bunchers, harvesters, knuckleboom loaders, motorgraders, pipelayers, road reclaimers, site prep tractors, skidders, skid steer loaders, telehandlers, track-type loaders, wheel excavators, and track-type tractors.

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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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