Cypress Capital Group Sells 58 Shares of Caterpillar Inc. (NYSE:CAT)

Cypress Capital Group decreased its stake in shares of Caterpillar Inc. (NYSE:CAT) by 1.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,573 shares of the industrial products company’s stock after selling 58 shares during the quarter. Cypress Capital Group’s holdings in Caterpillar were worth $1,789,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in CAT. Legal & General Group Plc increased its position in Caterpillar by 2.0% in the second quarter. Legal & General Group Plc now owns 3,862,443 shares of the industrial products company’s stock worth $1,286,582,000 after buying an additional 75,973 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Caterpillar by 5.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,069,840 shares of the industrial products company’s stock valued at $1,022,488,000 after purchasing an additional 165,358 shares in the last quarter. International Assets Investment Management LLC boosted its stake in Caterpillar by 39,534.0% during the third quarter. International Assets Investment Management LLC now owns 2,136,667 shares of the industrial products company’s stock valued at $8,356,930,000 after buying an additional 2,131,276 shares during the period. Ameriprise Financial Inc. boosted its position in shares of Caterpillar by 10.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,108,817 shares of the industrial products company’s stock valued at $702,431,000 after acquiring an additional 198,123 shares during the last quarter. Finally, Capital Research Global Investors raised its stake in Caterpillar by 6.3% in the first quarter. Capital Research Global Investors now owns 2,020,100 shares of the industrial products company’s stock valued at $740,225,000 after purchasing an additional 119,326 shares in the last quarter. Institutional investors own 70.98% of the company’s stock.

Insider Activity at Caterpillar

In other Caterpillar news, Director Gerald Johnson bought 100 shares of the firm’s stock in a transaction on Wednesday, September 4th. The shares were acquired at an average cost of $338.59 per share, with a total value of $33,859.00. Following the purchase, the director now directly owns 2,842 shares of the company’s stock, valued at $962,272.78. This trade represents a 3.65 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Anthony D. Fassino sold 3,185 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $351.36, for a total value of $1,119,081.60. Following the completion of the sale, the insider now owns 33,442 shares of the company’s stock, valued at $11,750,181.12. This trade represents a 8.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 20,774 shares of company stock worth $8,233,034 in the last 90 days. Corporate insiders own 0.29% of the company’s stock.

Caterpillar Trading Down 0.2 %

NYSE:CAT opened at $381.44 on Thursday. The firm has a 50 day moving average of $383.83 and a 200 day moving average of $355.03. The stock has a market capitalization of $184.16 billion, a price-to-earnings ratio of 17.68, a PEG ratio of 1.89 and a beta of 1.10. The company has a quick ratio of 0.86, a current ratio of 1.40 and a debt-to-equity ratio of 1.33. Caterpillar Inc. has a 52 week low of $241.81 and a 52 week high of $418.50.

Caterpillar (NYSE:CAT) last posted its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $5.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.33 by ($0.16). The company had revenue of $16.11 billion for the quarter, compared to analyst estimates of $16.37 billion. Caterpillar had a net margin of 16.26% and a return on equity of 59.09%. The business’s revenue was down 4.2% compared to the same quarter last year. During the same quarter last year, the company earned $5.52 EPS. As a group, sell-side analysts anticipate that Caterpillar Inc. will post 21.68 earnings per share for the current fiscal year.

Caterpillar Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Monday, October 21st were paid a dividend of $1.41 per share. This represents a $5.64 annualized dividend and a dividend yield of 1.48%. The ex-dividend date was Monday, October 21st. Caterpillar’s payout ratio is currently 26.15%.

Analyst Ratings Changes

Several research firms have recently weighed in on CAT. StockNews.com cut shares of Caterpillar from a “buy” rating to a “hold” rating in a research report on Tuesday, September 24th. Robert W. Baird lifted their price target on Caterpillar from $299.00 to $300.00 and gave the stock an “underperform” rating in a research note on Thursday, October 31st. Bank of America upped their target price on Caterpillar from $376.00 to $434.00 and gave the stock a “buy” rating in a research note on Monday, September 30th. Citigroup lowered their price objective on shares of Caterpillar from $445.00 to $435.00 and set a “buy” rating for the company in a report on Thursday, October 31st. Finally, Evercore ISI downgraded shares of Caterpillar from an “in-line” rating to an “underperform” rating and boosted their price target for the stock from $321.00 to $365.00 in a research note on Wednesday, November 13th. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $365.33.

Caterpillar Company Profile

Caterpillar Inc manufactures and sells construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives in worldwide. Its Construction Industries segment offers asphalt pavers, compactors, road reclaimers, forestry machines, cold planers, material handlers, track-type tractors, excavators, telehandlers, motor graders, and pipelayers; compact track, wheel, track-type, backhoe, and skid steer loaders; and related parts and tools.