Guyasuta Investment Advisors Inc. lowered its stake in Caterpillar, Inc. (NYSE:CAT) by 2.0% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,067 shares of the industrial products company’s stock after selling 241 shares during the period. Guyasuta Investment Advisors Inc.’s holdings in Caterpillar were worth $1,119,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CAT. AMF Pensionsforsakring AB boosted its stake in shares of Caterpillar by 268.7% in the fourth quarter. AMF Pensionsforsakring AB now owns 547,794 shares of the industrial products company’s stock worth $50,802,000 after buying an additional 399,204 shares during the period. Sandhill Capital Partners LLC boosted its stake in shares of Caterpillar by 7.2% in the fourth quarter. Sandhill Capital Partners LLC now owns 6,018 shares of the industrial products company’s stock worth $558,000 after buying an additional 406 shares during the period. Asset Management Group Inc. boosted its stake in shares of Caterpillar by 1.0% in the fourth quarter. Asset Management Group Inc. now owns 9,653 shares of the industrial products company’s stock worth $895,000 after buying an additional 95 shares during the period. Fore Research & Management LP purchased a new stake in shares of Caterpillar during the fourth quarter worth about $27,822,000. Finally, Zions Bancorporation increased its stake in Caterpillar by 69.1% in the fourth quarter. Zions Bancorporation now owns 4,389 shares of the industrial products company’s stock valued at $407,000 after buying an additional 1,794 shares in the last quarter. 70.55% of the stock is owned by institutional investors and hedge funds.

Shares of Caterpillar, Inc. (CAT) traded up 0.70% during trading on Friday, hitting $114.35. The stock had a trading volume of 2,615,702 shares. Caterpillar, Inc. has a one year low of $79.93 and a one year high of $114.90. The stock has a market cap of $67.49 billion, a price-to-earnings ratio of 638.83 and a beta of 1.25. The stock’s 50-day moving average price is $107.93 and its 200 day moving average price is $100.19.

Caterpillar (NYSE:CAT) last issued its quarterly earnings data on Tuesday, July 25th. The industrial products company reported $1.49 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.26 by $0.23. Caterpillar had a net margin of 0.27% and a return on equity of 18.52%. The firm had revenue of $11.33 billion for the quarter, compared to analysts’ expectations of $10.96 billion. During the same period in the prior year, the firm earned $1.09 earnings per share. The company’s quarterly revenue was up 9.6% compared to the same quarter last year. On average, equities analysts forecast that Caterpillar, Inc. will post $5.18 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Saturday, August 19th. Stockholders of record on Thursday, July 20th will be paid a dividend of $0.78 per share. This is a boost from Caterpillar’s previous quarterly dividend of $0.77. This represents a $3.12 annualized dividend and a dividend yield of 2.73%. The ex-dividend date is Tuesday, July 18th. Caterpillar’s dividend payout ratio is 2,080.00%.

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CAT has been the subject of several research analyst reports. Wells Fargo & Company reaffirmed an “outperform” rating on shares of Caterpillar in a research note on Wednesday, July 26th. Credit Suisse Group reaffirmed an “outperform” rating and issued a $133.00 price objective (up from $123.00) on shares of Caterpillar in a research note on Wednesday, July 26th. Axiom Securities reaffirmed a “sell” rating on shares of Caterpillar in a research note on Wednesday, July 26th. Deutsche Bank AG reaffirmed a “hold” rating and issued a $120.00 price objective (up from $106.00) on shares of Caterpillar in a research note on Wednesday, July 26th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $120.00 price objective (up from $100.00) on shares of Caterpillar in a research note on Wednesday, July 26th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Caterpillar currently has a consensus rating of “Hold” and an average target price of $106.56.

In related news, insider Bradley M. Halverson sold 182,612 shares of the stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $114.05, for a total value of $20,826,898.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director William A. Osborn sold 5,000 shares of the stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $113.67, for a total transaction of $568,350.00. The disclosure for this sale can be found here. 0.15% of the stock is owned by corporate insiders.

Caterpillar Company Profile

Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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