Whittier Trust Co. Purchases 419 Shares of Caterpillar Inc. (NYSE:CAT)

Whittier Trust Co. lifted its position in Caterpillar Inc. (NYSE:CAT) by 0.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 61,159 shares of the industrial products company’s stock after buying an additional 419 shares during the quarter. Whittier Trust Co.’s holdings in Caterpillar were worth $7,725,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CAT. Tortoise Investment Management LLC boosted its position in Caterpillar by 3,600.0% during the second quarter. Tortoise Investment Management LLC now owns 185 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 180 shares during the period. Prestige Wealth Management Group LLC bought a new stake in Caterpillar during the second quarter worth approximately $27,000. G&S Capital LLC bought a new stake in Caterpillar during the third quarter worth approximately $38,000. Kavar Capital Partners LLC bought a new stake in Caterpillar during the second quarter worth approximately $46,000. Finally, Garrett Wealth Advisory Group LLC bought a new stake in Caterpillar during the third quarter worth approximately $47,000. 64.97% of the stock is owned by institutional investors and hedge funds.

In related news, General Counsel Suzette M. Long sold 5,019 shares of the company’s stock in a transaction on 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 transaction, the general counsel now directly owns 12,569 shares in the company, valued at $1,587,967.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.37% of the company’s stock.

A number of equities research analysts have issued reports on the company. Stephens initiated coverage on Caterpillar in a research report on Wednesday, August 14th. They set an “underweight” rating and a $100.00 target price for the company. Robert W. Baird cut their price target on Caterpillar from $161.00 to $155.00 and set an “outperform” rating for the company in a report on Thursday, July 25th. Citigroup cut their price target on Caterpillar from $150.00 to $145.00 and set a “buy” rating for the company in a report on Tuesday, September 24th. Wells Fargo & Co lowered Caterpillar from an “outperform” rating to a “market perform” rating and set a $143.00 price target for the company. in a report on Wednesday, September 11th. Finally, ValuEngine upgraded Caterpillar from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Four research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and nine have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $137.42.

Shares of NYSE CAT traded up $1.67 during trading hours on Monday, reaching $132.38. The stock had a trading volume of 824,531 shares, compared to its average volume of 3,382,049. The business’s fifty day moving average is $125.55 and its two-hundred day moving average is $129.12. 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 $74.30 billion, a price-to-earnings ratio of 11.80, a PEG ratio of 0.95 and a beta of 1.52. Caterpillar Inc. has a twelve month low of $111.75 and a twelve month high of $144.77.

Caterpillar (NYSE:CAT) last issued its earnings results on Wednesday, July 24th. The industrial products company reported $2.83 EPS for the quarter, missing analysts’ consensus estimates of $3.12 by ($0.29). The firm had revenue of $14.43 billion during the quarter, compared to analyst estimates of $14.47 billion. Caterpillar had a net margin of 11.26% and a return on equity of 43.35%. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.97 earnings per share. Sell-side analysts forecast that Caterpillar Inc. will post 11.58 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Monday, October 21st will be paid a $1.03 dividend. The ex-dividend date is Friday, October 18th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.11%. Caterpillar’s payout ratio is 36.72%.

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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