Motco Sells 158 Shares of Caterpillar Inc. (NYSE:CAT)

Motco trimmed its position in Caterpillar Inc. (NYSE:CAT) by 37.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 263 shares of the industrial products company’s stock after selling 158 shares during the quarter. Motco’s holdings in Caterpillar were worth $33,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Tortoise Investment Management LLC grew its position in shares of Caterpillar by 3,600.0% during the 2nd 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 in the last quarter. Prestige Wealth Management Group LLC bought a new position in Caterpillar in the 2nd quarter valued at approximately $27,000. Private Ocean LLC lifted its stake in Caterpillar by 62.9% in the 3rd quarter. Private Ocean LLC now owns 259 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 100 shares during the last quarter. G&S Capital LLC bought a new position in Caterpillar in the 3rd quarter valued at approximately $38,000. Finally, Kavar Capital Partners LLC bought a new position in Caterpillar in the 2nd quarter valued at approximately $46,000. 66.87% of the stock is currently owned by institutional investors.

Shares of CAT traded down $0.86 during trading hours on Wednesday, hitting $145.48. 143,211 shares of the stock were exchanged, compared to its average volume of 4,305,100. Caterpillar Inc. has a fifty-two week low of $111.75 and a fifty-two week high of $148.47. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.44 and a quick ratio of 0.99. The business has a 50-day moving average of $132.81 and a 200-day moving average of $129.15. The firm has a market capitalization of $81.88 billion, a P/E ratio of 12.96, a price-to-earnings-growth ratio of 1.56 and a beta of 1.53.

Caterpillar (NYSE:CAT) last posted its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $2.66 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.82 by ($0.16). Caterpillar had a return on equity of 42.51% and a net margin of 10.99%. The firm had revenue of $12.76 billion for the quarter, compared to analyst estimates of $13.49 billion. During the same quarter last year, the company earned $2.86 earnings per share. The company’s quarterly revenue was down 5.6% compared to the same quarter last year. As a group, analysts forecast that Caterpillar Inc. will post 10.89 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Monday, October 21st will be given a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a dividend yield of 2.83%. The ex-dividend date is Friday, October 18th. Caterpillar’s dividend payout ratio (DPR) is presently 36.72%.

Several research firms have recently issued reports on CAT. Credit Suisse Group reaffirmed a “buy” rating and set a $150.00 price target on shares of Caterpillar in a research note on Thursday, October 24th. Royal Bank of Canada reaffirmed a “hold” rating on shares of Caterpillar in a research note on Wednesday, August 14th. Buckingham Research downgraded shares of Caterpillar from a “buy” rating to a “neutral” rating and dropped their price target for the company from $162.00 to $140.00 in a research note on Thursday, July 25th. Bank of America raised their price target on shares of Caterpillar from $154.00 to $165.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Finally, Citigroup dropped their price target on shares of Caterpillar from $150.00 to $145.00 and set a “buy” rating for the company in a research note on Tuesday, September 24th. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $138.76.

In other Caterpillar news, CAO Gary Michael Marvel sold 2,180 shares of the firm’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $139.38, for a total value of $303,848.40. Following the completion of the sale, the chief accounting officer now directly owns 2,180 shares in the company, valued at $303,848.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Denise C. Johnson sold 68,993 shares of the firm’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $146.37, for a total transaction of $10,098,505.41. Over the last quarter, insiders have sold 95,141 shares of company stock valued at $13,717,142. 0.37% of the stock is currently owned by corporate insiders.

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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