Caterpillar Inc. (NYSE:CAT) Shares Sold by Hammer Asset Management LLC

Hammer Asset Management LLC cut its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 1.2% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 17,623 shares of the industrial products company’s stock after selling 207 shares during the period. Caterpillar makes up about 2.0% of Hammer Asset Management LLC’s portfolio, making the stock its 23rd largest holding. Hammer Asset Management LLC’s holdings in Caterpillar were worth $2,402,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Geode Capital Management LLC boosted its holdings in Caterpillar by 4.8% in the 4th quarter. Geode Capital Management LLC now owns 7,022,665 shares of the industrial products company’s stock worth $890,658,000 after buying an additional 321,277 shares during the last quarter. Sanders Capital LLC boosted its holdings in Caterpillar by 31.5% in the 2nd quarter. Sanders Capital LLC now owns 6,243,500 shares of the industrial products company’s stock worth $958,477,000 after buying an additional 1,496,100 shares during the last quarter. Clearbridge Investments LLC boosted its holdings in Caterpillar by 12.7% in the 1st quarter. Clearbridge Investments LLC now owns 2,794,952 shares of the industrial products company’s stock worth $378,688,000 after buying an additional 314,442 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in Caterpillar by 0.6% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,549,294 shares of the industrial products company’s stock worth $345,404,000 after buying an additional 15,061 shares during the last quarter. Finally, Swiss National Bank boosted its holdings in Caterpillar by 2.0% in the 1st quarter. Swiss National Bank now owns 1,969,716 shares of the industrial products company’s stock worth $266,877,000 after buying an additional 37,800 shares during the last quarter. Hedge funds and other institutional investors own 66.02% of the company’s stock.

Shares of CAT stock traded up $0.44 during trading on Thursday, hitting $118.12. 128,546 shares of the stock traded hands, compared to its average volume of 4,704,689. Caterpillar Inc. has a 52-week low of $112.06 and a 52-week high of $159.37. 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 firm’s fifty day moving average price is $128.73 and its 200-day moving average price is $131.87. The firm has a market capitalization of $66.03 billion, a P/E ratio of 10.53, a price-to-earnings-growth ratio of 0.83 and a beta of 1.52.

Caterpillar (NYSE:CAT) last posted its earnings results on Wednesday, July 24th. The industrial products company reported $2.83 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate 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 during the quarter, compared to analyst estimates of $14.47 billion. During the same quarter last year, the business posted $2.97 EPS. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. As a group, equities research analysts expect that Caterpillar Inc. will post 11.73 earnings per share for the current year.

Several equities research analysts recently issued reports on the company. Royal Bank of Canada reiterated a “hold” rating on shares of Caterpillar in a report on Wednesday, August 14th. Standpoint Research upgraded Caterpillar from a “hold” rating to a “buy” rating in a report on Wednesday, June 5th. Atlantic Securities lowered shares of Caterpillar from a “neutral” rating to an “underweight” rating in a research note on Friday, June 21st. UBS Group decreased their target price on shares of Caterpillar from $125.00 to $115.00 and set a “sell” rating on the stock in a research note on Tuesday, June 4th. Finally, Wells Fargo & Co decreased their target price on shares of Caterpillar from $160.00 to $150.00 and set an “outperform” rating on the stock in a research note on Thursday, July 25th. Five analysts have rated the stock with a sell rating, thirteen have given a hold rating and eleven have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $139.90.

Caterpillar Company 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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