Caterpillar Inc. (NYSE:CAT) Shares Sold by Montgomery Investment Management Inc.

Montgomery Investment Management Inc. decreased its position in shares of Caterpillar Inc. (NYSE:CAT) by 5.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 20,398 shares of the industrial products company’s stock after selling 1,205 shares during the quarter. Caterpillar comprises about 1.2% of Montgomery Investment Management Inc.’s investment portfolio, making the stock its 23rd largest holding. Montgomery Investment Management Inc.’s holdings in Caterpillar were worth $2,780,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in CAT. Sanders Capital LLC boosted its holdings in shares of Caterpillar by 60.7% during the first quarter. Sanders Capital LLC now owns 4,747,400 shares of the industrial products company’s stock valued at $724,333,000 after acquiring an additional 1,792,900 shares during the period. Thoroughbred Financial Services LLC boosted its holdings in shares of Caterpillar by 13,546.6% during the second quarter. Thoroughbred Financial Services LLC now owns 517,205 shares of the industrial products company’s stock valued at $51,720,000 after acquiring an additional 513,415 shares during the period. LSV Asset Management boosted its holdings in shares of Caterpillar by 65.5% during the first quarter. LSV Asset Management now owns 1,027,926 shares of the industrial products company’s stock valued at $139,273,000 after acquiring an additional 407,000 shares during the period. Geode Capital Management LLC boosted its holdings 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 valued at $890,658,000 after acquiring an additional 321,277 shares during the period. Finally, Clearbridge Investments LLC boosted its holdings 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 valued at $378,688,000 after acquiring an additional 314,442 shares during the period. 66.02% of the stock is owned by institutional investors.

Shares of NYSE CAT traded down $0.30 during midday trading on Tuesday, reaching $117.06. 1,310,017 shares of the company traded hands, compared to its average volume of 4,736,533. Caterpillar Inc. has a 52 week low of $112.06 and a 52 week high of $159.37. The stock has a 50-day moving average price of $129.44 and a 200 day moving average price of $132.02. 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 company has a market cap of $65.50 billion, a price-to-earnings ratio of 10.43, a PEG ratio of 0.83 and a beta of 1.52.

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

Several brokerages have recently issued reports on CAT. Goldman Sachs Group downgraded shares of Caterpillar from a “buy” rating to a “neutral” rating and reduced their price target for the company from $156.00 to $130.00 in a report on Wednesday, August 7th. Wells Fargo & Co reduced their price target on shares of Caterpillar from $160.00 to $150.00 and set an “outperform” rating for the company in a report on Thursday, July 25th. Robert W. Baird reduced their price target on shares of Caterpillar from $161.00 to $155.00 and set an “outperform” rating for the company in a report on Thursday, July 25th. Credit Suisse Group reduced their price target on shares of Caterpillar from $172.00 to $164.00 and set an “outperform” rating for the company in a report on Wednesday, July 17th. Finally, Royal Bank of Canada reissued a “hold” rating on shares of Caterpillar in a report on Wednesday, August 14th. Five equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and eleven have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $139.90.

Caterpillar Profile

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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