Somerville Kurt F Has $215,000 Stock Holdings in Caterpillar Inc. (NYSE:CAT)

Somerville Kurt F decreased its position in shares of Caterpillar Inc. (NYSE:CAT) by 18.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,700 shares of the industrial products company’s stock after selling 375 shares during the period. Somerville Kurt F’s holdings in Caterpillar were worth $215,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Tortoise Investment Management LLC increased its holdings in shares of 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 buying an additional 180 shares in the last quarter. Prestige Wealth Management Group LLC acquired a new stake in shares of Caterpillar during the second quarter worth approximately $27,000. Private Ocean LLC increased its holdings in shares of Caterpillar by 62.9% during the third quarter. Private Ocean LLC now owns 259 shares of the industrial products company’s stock worth $33,000 after buying an additional 100 shares in the last quarter. G&S Capital LLC acquired a new stake in shares of Caterpillar during the third quarter worth approximately $38,000. Finally, Kavar Capital Partners LLC bought a new stake in shares of Caterpillar during the second quarter valued at approximately $46,000. 66.87% of the stock is owned by institutional investors.

In other Caterpillar news, CAO Gary Michael Marvel sold 2,180 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief accounting officer now directly owns 2,180 shares of the company’s stock, valued at $303,848.40. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Denise C. Johnson sold 4,172 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $146.67, for a total transaction of $611,907.24. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 95,141 shares of company stock worth $13,717,142. Insiders own 0.37% of the company’s stock.

Several analysts have recently commented on the stock. Robert W. Baird increased their price target on shares of Caterpillar from $141.00 to $150.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. ValuEngine raised shares of Caterpillar from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. JPMorgan Chase & Co. reissued a “buy” rating and set a $155.00 price target on shares of Caterpillar in a research note on Wednesday, October 23rd. Bank of America increased 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, Deutsche Bank increased their price target on shares of Caterpillar from $113.00 to $123.00 and gave the company a “hold” rating in a research note on Thursday, October 24th. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $138.76.

CAT stock traded down $1.85 during midday trading on Wednesday, reaching $144.49. The company’s stock had a trading volume of 3,226,303 shares, compared to its average volume of 4,300,149. Caterpillar Inc. has a 52 week low of $111.75 and a 52 week high of $148.47. The stock has a market cap of $81.88 billion, a PE ratio of 12.88, a price-to-earnings-growth ratio of 1.56 and a beta of 1.53. The company has a quick ratio of 0.99, a current ratio of 1.44 and a debt-to-equity ratio of 1.71. The business’s 50-day simple moving average is $133.14 and its 200-day simple moving average is $129.19.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders 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 yield of 2.85%. Caterpillar’s payout ratio is presently 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.

Read More: What is an overbought condition?

Want to see what other hedge funds are holding CAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Caterpillar Inc. (NYSE:CAT).

Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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.