Shelter Mutual Insurance Co Has $8.68 Million Position in Caterpillar Inc. (NYSE:CAT)

Shelter Mutual Insurance Co reduced its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 8.7% during the 2nd quarter, Holdings Channel.com reports. The fund owned 63,700 shares of the industrial products company’s stock after selling 6,100 shares during the period. Caterpillar accounts for about 2.5% of Shelter Mutual Insurance Co’s portfolio, making the stock its 12th largest position. Shelter Mutual Insurance Co’s holdings in Caterpillar were worth $8,682,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Geode Capital Management LLC lifted its position in shares of Caterpillar by 4.8% during the fourth quarter. Geode Capital Management LLC now owns 7,022,665 shares of the industrial products company’s stock worth $890,658,000 after purchasing an additional 321,277 shares in the last quarter. Sanders Capital LLC lifted its position in shares of Caterpillar by 31.5% during the second quarter. Sanders Capital LLC now owns 6,243,500 shares of the industrial products company’s stock worth $958,477,000 after purchasing an additional 1,496,100 shares in the last quarter. Clearbridge Investments LLC lifted its position in shares of Caterpillar by 12.7% during the first quarter. Clearbridge Investments LLC now owns 2,794,952 shares of the industrial products company’s stock worth $378,688,000 after purchasing an additional 314,442 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its position in shares of Caterpillar by 0.6% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,549,294 shares of the industrial products company’s stock worth $345,404,000 after purchasing an additional 15,061 shares in the last quarter. Finally, Swiss National Bank lifted its position in shares of Caterpillar by 2.0% during the first quarter. Swiss National Bank now owns 1,969,716 shares of the industrial products company’s stock worth $266,877,000 after purchasing an additional 37,800 shares in the last quarter. Institutional investors and hedge funds own 66.86% of the company’s stock.

Shares of CAT traded down $0.21 on Thursday, reaching $115.00. 2,208,492 shares of the company’s stock were exchanged, compared to its average volume of 4,664,563. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.43 and a quick ratio of 1.00. The stock has a market cap of $64.63 billion, a PE ratio of 10.25, a P/E/G ratio of 0.83 and a beta of 1.52. The stock’s 50 day simple moving average is $131.42. Caterpillar Inc. has a 12 month low of $112.06 and a 12 month high of $159.37.

Caterpillar (NYSE:CAT) last posted its quarterly earnings results on Wednesday, July 24th. The industrial products company reported $2.83 earnings per share for the quarter, missing the Zacks’ consensus estimate of $3.12 by ($0.29). The business had revenue of $14.43 billion for the quarter, compared to the consensus estimate of $14.47 billion. Caterpillar had a return on equity of 43.35% and a net margin of 11.26%. The company’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period last year, the firm earned $2.97 earnings per share. As a group, equities analysts forecast that Caterpillar Inc. will post 11.73 EPS for the current fiscal year.

A number of equities analysts have recently issued reports on the stock. UBS Group reduced their target price on shares of Caterpillar from $125.00 to $115.00 and set a “sell” rating on the stock in a research report on Tuesday, June 4th. Credit Suisse Group reduced their target price on shares of Caterpillar from $172.00 to $164.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 17th. Standpoint Research upgraded shares of Caterpillar from a “hold” rating to a “buy” rating in a research report on Wednesday, June 5th. Robert W. Baird reduced their target price on shares of Caterpillar from $161.00 to $155.00 and set an “outperform” rating on the stock in a research report on Thursday, July 25th. Finally, Goldman Sachs Group lowered shares of Caterpillar from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $156.00 to $130.00 in a research report on Wednesday, August 7th. Five analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and twelve have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $139.90.

About Caterpillar

Caterpillar, Inc engages in the manufacture of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. It operates through the following segments: Construction Industries, Resource Industries, Energy and Transportation, Financial Products, and All Other.

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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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