Anderson Hoagland & Co. trimmed its position in Caterpillar Inc. (NYSE:CAT) by 0.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,079 shares of the industrial products company’s stock after selling 153 shares during the quarter. Caterpillar accounts for 1.8% of Anderson Hoagland & Co.’s holdings, making the stock its 11th largest holding. Anderson Hoagland & Co.’s holdings in Caterpillar were worth $2,984,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Acadian Asset Management LLC lifted its position in Caterpillar by 430.9% during the first quarter. Acadian Asset Management LLC now owns 5,362 shares of the industrial products company’s stock worth $726,000 after buying an additional 4,352 shares during the period. Commonwealth Bank of Australia raised its holdings in shares of Caterpillar by 0.6% in the 1st quarter. Commonwealth Bank of Australia now owns 79,792 shares of the industrial products company’s stock worth $10,805,000 after purchasing an additional 489 shares during the period. Financial Counselors Inc. raised its holdings in shares of Caterpillar by 11.3% in the 1st quarter. Financial Counselors Inc. now owns 145,766 shares of the industrial products company’s stock worth $19,750,000 after purchasing an additional 14,774 shares during the period. DekaBank Deutsche Girozentrale raised its holdings in shares of Caterpillar by 19.5% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 353,384 shares of the industrial products company’s stock worth $49,733,000 after purchasing an additional 57,662 shares during the period. Finally, Cibc Bank USA raised its holdings in shares of Caterpillar by 3.5% in the 1st quarter. Cibc Bank USA now owns 7,482 shares of the industrial products company’s stock worth $1,013,000 after purchasing an additional 256 shares during the period. 64.95% of the stock is currently owned by institutional investors and hedge funds.
In other news, General Counsel Suzette M. Long sold 5,019 shares of the stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $126.34, for a total value of $634,100.46. Following the completion of the sale, the general counsel now owns 12,569 shares in the company, valued at $1,587,967.46. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.37% of the stock is currently owned by company insiders.
Caterpillar (NYSE:CAT) last posted its earnings results on Wednesday, July 24th. The industrial products company reported $2.83 earnings per share (EPS) 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 during the quarter, compared to analyst estimates of $14.47 billion. During the same quarter last year, the business posted $2.97 EPS. Caterpillar’s quarterly revenue was up 3.0% compared to the same quarter last year. As a group, equities analysts expect that Caterpillar Inc. will post 11.68 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Monday, October 21st will be paid a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.45%. Caterpillar’s dividend payout ratio (DPR) is currently 36.72%.
A number of equities analysts have recently commented on CAT shares. Robert W. Baird cut their price objective on Caterpillar from $161.00 to $155.00 and set an “outperform” rating on the stock in a report on Thursday, July 25th. Atlantic Securities downgraded Caterpillar from a “neutral” rating to an “underweight” rating in a report on Friday, June 21st. Macquarie set a $115.00 price objective on Caterpillar and gave the stock a “sell” rating in a report on Tuesday, June 11th. Morgan Stanley cut their price objective on Caterpillar from $155.00 to $150.00 and set an “overweight” rating on the stock in a report on Wednesday. Finally, ValuEngine upgraded Caterpillar from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Four equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and ten have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $138.37.
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.
Recommended Story: What are the advantages of the Stochastic Momentum Index?
Receive News & Ratings for Caterpillar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Caterpillar and related companies with MarketBeat.com's FREE daily email newsletter.