Caterpillar Inc. (CAT) Shares Sold by Standard Life Aberdeen plc

Standard Life Aberdeen plc reduced its stake in Caterpillar Inc. (NYSE:CAT) by 3.6% during the fourth quarter, HoldingsChannel reports. The firm owned 202,393 shares of the industrial products company’s stock after selling 7,493 shares during the quarter. Standard Life Aberdeen plc’s holdings in Caterpillar were worth $25,636,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Loeb Partners Corp bought a new position in Caterpillar in the 4th quarter valued at approximately $25,000. Bartlett & Co. LLC raised its holdings in Caterpillar by 150.0% in the 4th quarter. Bartlett & Co. LLC now owns 250 shares of the industrial products company’s stock valued at $32,000 after buying an additional 150 shares during the last quarter. Essex Investment Management Co. LLC bought a new position in Caterpillar in the 4th quarter valued at approximately $55,000. Legacy Financial Advisors Inc. raised its holdings in Caterpillar by 145.4% in the 4th quarter. Legacy Financial Advisors Inc. now owns 481 shares of the industrial products company’s stock valued at $61,000 after buying an additional 285 shares during the last quarter. Finally, Meeder Asset Management Inc. bought a new position in Caterpillar in the 4th quarter valued at approximately $69,000. Institutional investors own 66.16% of the company’s stock.

A number of brokerages recently issued reports on CAT. Zacks Investment Research upgraded shares of Caterpillar from a “sell” rating to a “hold” rating in a report on Tuesday. ValuEngine upgraded shares of Caterpillar from a “sell” rating to a “hold” rating in a report on Friday, March 1st. UBS Group lowered shares of Caterpillar from a “buy” rating to a “sell” rating and dropped their price objective for the company from $154.00 to $125.00 in a report on Tuesday, February 26th. OTR Global lowered shares of Caterpillar to a “positive” rating in a report on Friday, February 15th. Finally, Credit Suisse Group reiterated a “buy” rating and issued a $173.00 price objective on shares of Caterpillar in a report on Thursday, February 14th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $150.24.

NYSE:CAT opened at $133.69 on Friday. The firm has a market capitalization of $76.25 billion, a PE ratio of 11.92, a P/E/G ratio of 0.59 and a beta of 1.47. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.37 and a quick ratio of 0.96. Caterpillar Inc. has a twelve month low of $112.06 and a twelve month high of $161.60.

Caterpillar (NYSE:CAT) last released its quarterly earnings data on Monday, January 28th. The industrial products company reported $2.55 earnings per share for the quarter, missing the consensus estimate of $2.98 by ($0.43). The company had revenue of $14.34 billion during the quarter, compared to the consensus estimate of $14.36 billion. Caterpillar had a net margin of 11.23% and a return on equity of 45.31%. The business’s revenue was up 11.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.16 EPS. Analysts forecast that Caterpillar Inc. will post 12.24 EPS for the current fiscal year.

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Caterpillar Profile

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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