CIBC World Markets Inc. reduced its stake in Caterpillar Inc. (NYSE:CAT) by 5.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 47,040 shares of the company’s stock after selling 2,752 shares during the period. CIBC World Markets Inc.’s holdings in Caterpillar were worth $4,176,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of the company. Hollencrest Securities LLC purchased a new stake in Caterpillar during the second quarter worth $4,554,000. Trust Co raised its stake in Caterpillar by 9.7% in the first quarter. Trust Co now owns 8,470 shares of the company’s stock worth $648,000 after buying an additional 750 shares in the last quarter. Chevy Chase Trust Holdings Inc. raised its stake in Caterpillar by 1.4% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 505,680 shares of the company’s stock worth $38,335,000 after buying an additional 6,808 shares in the last quarter. Stillwater Investment Management LLC raised its stake in Caterpillar by 5.9% in the second quarter. Stillwater Investment Management LLC now owns 16,472 shares of the company’s stock worth $1,249,000 after buying an additional 915 shares in the last quarter. Finally, Exxonmobil Investment Management Inc. TX raised its stake in Caterpillar by 6.6% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 151,135 shares of the company’s stock worth $11,458,000 after buying an additional 9,354 shares in the last quarter. 69.19% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

Caterpillar Inc. (NYSE:CAT) traded down 0.91% during mid-day trading on Tuesday, reaching $94.04. 3,805,969 shares of the company were exchanged. The stock has a market capitalization of $55.02 billion, a price-to-earnings ratio of 91.48 and a beta of 1.30. The stock’s 50-day moving average price is $88.34 and its 200-day moving average price is $81.73. Caterpillar Inc. has a 1-year low of $56.36 and a 1-year high of $96.44.

Caterpillar (NYSE:CAT) last announced its quarterly earnings data on Tuesday, October 25th. The company reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.09. The company had revenue of $9.16 billion for the quarter, compared to analyst estimates of $9.91 billion. Caterpillar had a return on equity of 12.79% and a net margin of 2.54%. The firm’s revenue for the quarter was down 16.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.75 EPS. On average, equities research analysts anticipate that Caterpillar Inc. will post $3.26 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Saturday, November 19th. Shareholders of record on Monday, October 24th were issued a $0.77 dividend. The ex-dividend date of this dividend was Thursday, October 20th. This represents a $3.08 dividend on an annualized basis and a yield of 3.28%. Caterpillar’s payout ratio is currently 179.07%.

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CAT has been the subject of a number of research analyst reports. Zacks Investment Research upgraded shares of Caterpillar from a “hold” rating to a “buy” rating and set a $92.00 price target for the company in a research note on Tuesday, September 27th. Vetr upgraded shares of Caterpillar from a “hold” rating to a “buy” rating and set a $85.19 price target for the company in a research note on Tuesday, September 13th. Axiom Securities reissued a “sell” rating on shares of Caterpillar in a report on Tuesday, August 30th. Deutsche Bank AG assumed coverage on shares of Caterpillar in a report on Monday, September 12th. They issued a “buy” rating and a $82.08 price objective on the stock. Finally, Bank of America Corp. reaffirmed a “hold” rating and set a $92.00 price target on shares of Caterpillar in a report on Monday, October 3rd. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eight have issued a buy rating to the stock. Caterpillar has an average rating of “Hold” and a consensus target price of $78.07.

In other Caterpillar news, Director Daniel M. Dickinson sold 950 shares of the firm’s stock in a transaction on Thursday, November 10th. The stock was sold at an average price of $93.52, for a total value of $88,844.00. Following the completion of the sale, the director now directly owns 17,476 shares of the company’s stock, valued at approximately $1,634,355.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.15% of the stock is owned by company insiders.

Caterpillar Company Profile

Caterpillar Inc is a manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The Company operates through its three product segments: Resource Industries, Construction Industries, and Energy & Transportation. It also provides financing and related services through its Financial Products segment.

5 Day Chart for NYSE:CAT

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