Caterpillar Inc. (NYSE:CAT) Shares Sold by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. reduced its stake in shares of Caterpillar Inc. (NYSE:CAT) by 0.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 313,159 shares of the industrial products company’s stock after selling 2,331 shares during the quarter. Asset Management One Co. Ltd. owned about 0.06% of Caterpillar worth $122,483,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. National Pension Service boosted its stake in Caterpillar by 13.1% during the 3rd quarter. National Pension Service now owns 1,022,097 shares of the industrial products company’s stock worth $399,763,000 after purchasing an additional 118,070 shares during the period. Vestor Capital LLC purchased a new stake in shares of Caterpillar during the 3rd quarter worth $4,180,000. Cortland Associates Inc. MO grew its position in Caterpillar by 89.0% during the third quarter. Cortland Associates Inc. MO now owns 2,544 shares of the industrial products company’s stock worth $995,000 after buying an additional 1,198 shares during the period. Northeast Investment Management raised its holdings in Caterpillar by 0.9% during the third quarter. Northeast Investment Management now owns 19,258 shares of the industrial products company’s stock worth $7,532,000 after purchasing an additional 165 shares during the last quarter. Finally, KG&L Capital Management LLC boosted its position in shares of Caterpillar by 10.3% in the 3rd quarter. KG&L Capital Management LLC now owns 3,585 shares of the industrial products company’s stock worth $1,389,000 after buying an additional 335 shares in the last quarter. Institutional investors and hedge funds own 70.98% of the company’s stock.

Caterpillar Price Performance

Shares of NYSE:CAT opened at $381.15 on Monday. The business’s 50 day moving average is $372.40 and its 200-day moving average is $351.32. The company has a current ratio of 1.40, a quick ratio of 0.78 and a debt-to-equity ratio of 1.33. The firm has a market capitalization of $184.82 billion, a PE ratio of 17.60, a PEG ratio of 1.85 and a beta of 1.10. Caterpillar Inc. has a 1-year low of $233.57 and a 1-year high of $403.60.

Caterpillar (NYSE:CAT) last announced its quarterly earnings results 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 firm had revenue of $16.11 billion for the quarter, compared to the consensus estimate of $16.37 billion. Caterpillar had a net margin of 16.26% and a return on equity of 59.09%. The company’s revenue for the quarter was down 4.2% on a year-over-year basis. During the same period in the prior year, the business earned $5.52 earnings per share. Sell-side analysts predict that Caterpillar Inc. will post 21.82 earnings per share for the current year.

Caterpillar Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Monday, October 21st will be issued a $1.41 dividend. The ex-dividend date of this dividend is Monday, October 21st. This represents a $5.64 annualized dividend and a dividend yield of 1.48%. Caterpillar’s dividend payout ratio (DPR) is currently 26.15%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CAT. UBS Group upped their price objective on Caterpillar from $270.00 to $285.00 and gave the company a “sell” rating in a research report on Wednesday, August 7th. Robert W. Baird increased their price objective on shares of Caterpillar from $299.00 to $300.00 and gave the stock an “underperform” rating in a research report on Thursday. Bank of America upped their price objective on shares of Caterpillar from $376.00 to $434.00 and gave the company a “buy” rating in a research report on Monday, September 30th. Citigroup cut their price objective on Caterpillar from $445.00 to $435.00 and set a “buy” rating on the stock in a research note on Thursday. Finally, Barclays raised their price target on Caterpillar from $315.00 to $335.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 7th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $357.56.

Insider Buying and Selling

In other news, Director Gerald Johnson bought 100 shares of the company’s stock in a transaction that occurred on Wednesday, September 4th. The shares were acquired at an average price of $338.59 per share, with a total value of $33,859.00. Following the transaction, the director now owns 2,842 shares in the company, valued at $962,272.78. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Caterpillar news, Director Gerald Johnson acquired 100 shares of the business’s stock in a transaction dated Wednesday, September 4th. The stock was bought at an average cost of $338.59 per share, with a total value of $33,859.00. Following the completion of the transaction, the director now directly owns 2,842 shares in the company, valued at approximately $962,272.78. This represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Anthony D. Fassino sold 3,185 shares of the company’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $351.36, for a total transaction of $1,119,081.60. Following the completion of the transaction, the insider now owns 33,442 shares in the company, valued at approximately $11,750,181.12. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.29% of the stock is owned by company insiders.

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.