Caterpillar Inc. (CAT) Shares Sold by S&CO Inc.

S&CO Inc. trimmed its stake in Caterpillar Inc. (NYSE:CAT) by 0.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 138,741 shares of the industrial products company’s stock after selling 1,164 shares during the quarter. Caterpillar makes up 2.7% of S&CO Inc.’s holdings, making the stock its 8th largest holding. S&CO Inc.’s holdings in Caterpillar were worth $21,863,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of CAT. Beach Investment Management LLC. acquired a new stake in shares of Caterpillar in the second quarter worth $231,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Caterpillar by 9.8% in the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 48,071 shares of the industrial products company’s stock worth $5,995,000 after buying an additional 4,291 shares during the period. Wealthsource Partners LLC acquired a new stake in shares of Caterpillar in the second quarter worth $316,000. Ladenburg Thalmann Financial Services Inc. boosted its position in shares of Caterpillar by 18.5% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 152,100 shares of the industrial products company’s stock worth $18,979,000 after buying an additional 23,749 shares during the period. Finally, FMR LLC boosted its position in shares of Caterpillar by 11.7% in the second quarter. FMR LLC now owns 19,613,661 shares of the industrial products company’s stock worth $2,107,684,000 after buying an additional 2,052,300 shares during the period. Institutional investors and hedge funds own 68.62% of the company’s stock.

Shares of Caterpillar Inc. (CAT) traded down $0.37 during trading hours on Monday, hitting $170.04. The company’s stock had a trading volume of 2,302,863 shares, compared to its average volume of 5,145,400. Caterpillar Inc. has a 12 month low of $90.34 and a 12 month high of $173.24. The firm has a market capitalization of $101,230.00, a PE ratio of 118.08, 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 (NYSE:CAT) last announced its quarterly earnings results on Tuesday, October 24th. The industrial products company reported $1.95 earnings per share 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 during the quarter, compared to analysts’ expectations of $10.69 billion. During the same quarter in the previous year, the firm earned $0.85 earnings per share. The business’s quarterly revenue was up 24.6% compared to the same quarter last year. equities analysts forecast that Caterpillar Inc. will post 6.47 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 20th. Shareholders of record on Monday, January 22nd will be given a $0.78 dividend. The ex-dividend date is Friday, January 19th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.83%. Caterpillar’s dividend payout ratio is currently 216.67%.

Several analysts have recently commented on CAT shares. Wells Fargo & Co set a $150.00 target price on Caterpillar and gave the stock a “buy” rating in a research report on Monday, October 16th. They noted that the move was a valuation call. Zacks Investment Research raised Caterpillar from a “hold” rating to a “buy” rating and set a $142.00 price objective for the company in a research report on Wednesday, October 11th. Goldman Sachs Group lifted their price objective on Caterpillar from $143.00 to $158.00 and gave the company a “buy” rating in a research report on Monday, October 9th. UBS Group set a $155.00 price objective on Caterpillar and gave the company a “buy” rating in a research report on Wednesday, October 25th. Finally, BMO Capital Markets reissued a “buy” rating and set a $150.00 price objective on shares of Caterpillar in a research report on Friday, October 20th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and sixteen have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $156.64.

In other news, CFO Bradley M. Halverson sold 17,210 shares of Caterpillar stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $137.33, for a total value of $2,363,449.30. Following the transaction, the chief financial officer now directly owns 7,814 shares in the company, valued at $1,073,096.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Thomas A. Pellette sold 24,547 shares of Caterpillar stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $135.69, for a total value of $3,330,782.43. The disclosure for this sale can be found here. Insiders sold 52,989 shares of company stock valued at $7,235,850 in the last ninety days. Insiders own 0.14% of the company’s stock.

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Caterpillar Company Profile

Caterpillar Inc is a manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The Company operates through segments, including Construction Industries, which is engaged in supporting customers using machinery in infrastructure, forestry and building construction; Resource Industries, which is engaged in supporting customers using machinery in mining, quarry, waste and material handling applications; Energy & Transportation, which supports customers in oil and gas, power generation, marine, rail and industrial applications, including Cat machines; Financial Products segment, which provides financing and related services, and All Other operating segments, which includes activities, such as product management and development, and manufacturing of filters and fluids, undercarriage, tires and rims, ground engaging tools, fluid transfer products, and sealing and connecting components for Cat products.

Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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