LVM Capital Management Ltd. MI Holds Position in Caterpillar, Inc. (CAT)

LVM Capital Management Ltd. MI continued to hold its stake in Caterpillar, Inc. (NYSE:CAT) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,500 shares of the industrial products company’s stock at the end of the second quarter. LVM Capital Management Ltd. MI’s holdings in Caterpillar were worth $269,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Ledyard National Bank raised its holdings in shares of Caterpillar by 2.1% during the second quarter. Ledyard National Bank now owns 1,455 shares of the industrial products company’s stock valued at $156,000 after acquiring an additional 30 shares during the last quarter. Mn Services Vermogensbeheer B.V. raised its holdings in shares of Caterpillar by 511.4% during the second quarter. Mn Services Vermogensbeheer B.V. now owns 95,514 shares of the industrial products company’s stock valued at $10,264,000 after acquiring an additional 79,893 shares during the last quarter. Jacobs & Co. CA raised its holdings in shares of Caterpillar by 1.1% during the second quarter. Jacobs & Co. CA now owns 28,645 shares of the industrial products company’s stock valued at $3,078,000 after acquiring an additional 319 shares during the last quarter. Mascoma Wealth Management LLC raised its holdings in shares of Caterpillar by 5.9% during the second quarter. Mascoma Wealth Management LLC now owns 3,600 shares of the industrial products company’s stock valued at $387,000 after acquiring an additional 200 shares during the last quarter. Finally, Chesley Taft & Associates LLC raised its holdings in shares of Caterpillar by 29.1% during the second quarter. Chesley Taft & Associates LLC now owns 4,130 shares of the industrial products company’s stock valued at $444,000 after acquiring an additional 930 shares during the last quarter. 69.23% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have commented on CAT shares. TheStreet raised Caterpillar from a “c+” rating to a “b” rating in a report on Tuesday, July 25th. Bank of America Corporation reissued a “buy” rating and set a $120.00 target price on shares of Caterpillar in a report on Thursday, May 25th. Credit Suisse Group reissued a “buy” rating and set a $123.00 target price on shares of Caterpillar in a report on Thursday, June 22nd. Deutsche Bank AG reduced their target price on Caterpillar from $108.00 to $105.00 and set a “buy” rating for the company in a report on Tuesday, July 4th. Finally, BidaskClub raised Caterpillar from a “hold” rating to a “buy” rating in a report on Saturday, July 1st. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $110.79.

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In related news, Director William A. Osborn sold 5,000 shares of the stock in a transaction on Friday, July 28th. The stock was sold at an average price of $113.67, for a total value of $568,350.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Bradley M. Halverson sold 182,612 shares of the stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $114.05, for a total value of $20,826,898.60. The disclosure for this sale can be found here. Over the last quarter, insiders sold 201,471 shares of company stock valued at $22,979,332. 0.15% of the stock is owned by insiders.

Caterpillar, Inc. (CAT) traded up 0.04% on Friday, hitting $117.82. The stock had a trading volume of 2,786,971 shares. The firm has a market cap of $69.63 billion, a price-to-earnings ratio of 658.21 and a beta of 1.24. The company’s 50-day moving average price is $114.48 and its 200 day moving average price is $103.84. Caterpillar, Inc. has a one year low of $79.93 and a one year high of $119.19.

Caterpillar (NYSE:CAT) last announced its quarterly earnings results on Tuesday, July 25th. The industrial products company reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.26 by $0.23. Caterpillar had a return on equity of 18.52% and a net margin of 0.27%. The firm had revenue of $11.33 billion during the quarter, compared to the consensus estimate of $10.96 billion. During the same period in the prior year, the firm earned $1.09 EPS. The firm’s quarterly revenue was up 9.6% compared to the same quarter last year. Analysts expect that Caterpillar, Inc. will post $5.24 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Saturday, August 19th. Investors of record on Thursday, July 20th were issued a $0.78 dividend. This is an increase from Caterpillar’s previous quarterly dividend of $0.77. This represents a $3.12 annualized dividend and a yield of 2.65%. The ex-dividend date of this dividend was Tuesday, July 18th. Caterpillar’s dividend payout ratio is currently 2,080.00%.

Caterpillar Company Profile

Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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