Royal Bank of Scotland Group PLC lowered its stake in Caterpillar, Inc. (NYSE:CAT) by 7.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,350 shares of the industrial products company’s stock after selling 200 shares during the period. Royal Bank of Scotland Group PLC’s holdings in Caterpillar were worth $218,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in CAT. Howe & Rusling Inc. boosted its stake in Caterpillar by 52.0% in the first quarter. Howe & Rusling Inc. now owns 1,087 shares of the industrial products company’s stock valued at $101,000 after buying an additional 372 shares during the period. First Personal Financial Services boosted its stake in Caterpillar by 167.4% in the first quarter. First Personal Financial Services now owns 1,198 shares of the industrial products company’s stock valued at $111,000 after buying an additional 750 shares during the period. Financial Architects Inc boosted its stake in Caterpillar by 5.7% in the first quarter. Financial Architects Inc now owns 1,215 shares of the industrial products company’s stock valued at $113,000 after buying an additional 65 shares during the period. Ledyard National Bank boosted its stake in Caterpillar by 145.7% in the first quarter. Ledyard National Bank now owns 1,425 shares of the industrial products company’s stock valued at $132,000 after buying an additional 845 shares during the period. Finally, Advantage Investment Management LLC boosted its stake in Caterpillar by 32.0% in the first quarter. Advantage Investment Management LLC now owns 1,786 shares of the industrial products company’s stock valued at $166,000 after buying an additional 433 shares during the period. Institutional investors and hedge funds own 70.53% of the company’s stock.

Caterpillar, Inc. (NYSE:CAT) traded up 0.34% during mid-day trading on Monday, hitting $114.74. The company had a trading volume of 157,385 shares. Caterpillar, Inc. has a one year low of $79.93 and a one year high of $114.90. The company’s 50 day moving average price is $107.93 and its 200-day moving average price is $100.19. The company has a market cap of $67.72 billion, a PE ratio of 641.01 and a beta of 1.25.

Caterpillar (NYSE:CAT) last posted its quarterly earnings data on Tuesday, July 25th. The industrial products company reported $1.49 EPS for the quarter, topping the Zacks’ consensus estimate of $1.26 by $0.23. Caterpillar had a return on equity of 18.52% and a net margin of 0.27%. The company had revenue of $11.33 billion for the quarter, compared to the consensus estimate of $10.96 billion. During the same quarter in the previous year, the business earned $1.09 EPS. The company’s quarterly revenue was up 9.6% compared to the same quarter last year. Equities research analysts anticipate that Caterpillar, Inc. will post $5.18 EPS for the current fiscal year.

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

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CAT has been the subject of several analyst reports. TheStreet upgraded Caterpillar from a “c+” rating to a “b” rating in a research note on Tuesday, July 25th. Bank of America Corporation upgraded Caterpillar from a “neutral” rating to a “buy” rating and upped their price target for the stock from $105.00 to $120.00 in a research note on Thursday, May 11th. Vetr upgraded Caterpillar from a “sell” rating to a “buy” rating and set a $107.75 price target for the company in a research note on Monday, May 8th. Deutsche Bank AG restated a “buy” rating and set a $118.00 price target (up previously from $105.00) on shares of Caterpillar in a research note on Saturday, April 29th. Finally, Zacks Investment Research upgraded Caterpillar from a “hold” rating to a “buy” rating and set a $107.00 price target for the company in a research note on Monday, April 10th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $106.56.

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

About Caterpillar

Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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