Shell Asset Management Co. Trims Position in Caterpillar, Inc. (CAT)

Shell Asset Management Co. lessened its stake in Caterpillar, Inc. (NYSE:CAT) by 1.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 151,709 shares of the industrial products company’s stock after selling 2,907 shares during the period. Shell Asset Management Co.’s holdings in Caterpillar were worth $15,024,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. S. R. Schill & Associates lifted its stake in shares of Caterpillar by 0.3% in the first quarter. S. R. Schill & Associates now owns 2,204 shares of the industrial products company’s stock valued at $204,000 after buying an additional 6 shares during the period. Northstar Group Inc. raised its position in Caterpillar by 0.3% in the second quarter. Northstar Group Inc. now owns 2,385 shares of the industrial products company’s stock worth $256,000 after purchasing an additional 8 shares in the last quarter. Clearbridge Investments LLC raised its position in Caterpillar by 0.3% in the first quarter. Clearbridge Investments LLC now owns 3,635 shares of the industrial products company’s stock worth $337,000 after purchasing an additional 10 shares in the last quarter. Toth Financial Advisory Corp raised its position in Caterpillar by 0.3% in the second quarter. Toth Financial Advisory Corp now owns 3,915 shares of the industrial products company’s stock worth $421,000 after purchasing an additional 10 shares in the last quarter. Finally, Ironwood Investment Counsel LLC raised its position in Caterpillar by 0.3% in the second quarter. Ironwood Investment Counsel LLC now owns 3,425 shares of the industrial products company’s stock worth $368,000 after purchasing an additional 10 shares in the last quarter. Institutional investors and hedge funds own 69.38% of the company’s stock.

Caterpillar, Inc. (CAT) opened at $134.10 on Thursday. Caterpillar, Inc. has a 52 week low of $90.34 and a 52 week high of $140.44. The stock has a market cap of $81,827.17, a P/E ratio of 24.78, a price-to-earnings-growth 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 data on Tuesday, October 24th. The industrial products company reported $1.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.27 by $0.68. Caterpillar had a net margin of 2.09% and a return on equity of 23.22%. The firm had revenue of $11.41 billion for the quarter, compared to analysts’ expectations of $10.69 billion. During the same period last year, the firm earned $0.85 earnings per share. The business’s revenue for the quarter was up 24.6% on a year-over-year basis. equities research analysts predict that Caterpillar, Inc. will post 6.4 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, November 20th. Stockholders of record on Monday, October 23rd will be given a dividend of $0.78 per share. The ex-dividend date of this dividend is Friday, October 20th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.33%. Caterpillar’s dividend payout ratio is 216.67%.

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Several research analysts recently issued reports on the stock. Atlantic Securities raised shares of Caterpillar from an “underweight” rating to a “neutral” rating and increased their price target for the stock from $85.00 to $115.00 in a research report on Thursday, August 3rd. Vetr raised shares of Caterpillar from a “sell” rating to a “hold” rating and set a $135.41 price target for the company in a research report on Monday. Argus reissued a “buy” rating and issued a $113.10 price target (down previously from $130.00) on shares of Caterpillar in a research report on Wednesday, August 2nd. Jefferies Group LLC reissued a “hold” rating and issued a $120.00 price target (up previously from $100.00) on shares of Caterpillar in a research report on Wednesday, July 26th. Finally, ValuEngine lowered shares of Caterpillar from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and fourteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $133.92.

In other news, Director Daniel M. Dickinson sold 3,813 shares of Caterpillar stock in a transaction on Monday, October 30th. The shares were sold at an average price of $137.09, for a total transaction of $522,724.17. Following the transaction, the director now directly owns 6,554 shares of the company’s stock, valued at $898,487.86. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Lange Bob De sold 1,572 shares of Caterpillar 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 transaction, the insider now directly owns 11,096 shares in the company, valued at $1,526,587.68. The disclosure for this sale can be found here. Company insiders own 0.14% of the company’s stock.

About Caterpillar

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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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