Lee Danner & Bass Inc. reduced its position in Caterpillar, Inc. (NYSE:CAT) by 0.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 58,549 shares of the industrial products company’s stock after selling 136 shares during the quarter. Lee Danner & Bass Inc.’s holdings in Caterpillar were worth $6,292,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in the business. S. R. Schill & Associates increased its position in Caterpillar by 0.3% in the first quarter. S. R. Schill & Associates now owns 2,204 shares of the industrial products company’s stock worth $204,000 after buying an additional 6 shares during the last quarter. Northstar Group Inc. boosted its holdings in shares of Caterpillar by 0.3% in the second quarter. Northstar Group Inc. now owns 2,385 shares of the industrial products company’s stock worth $256,000 after acquiring an additional 8 shares during the period. Clearbridge Investments LLC boosted its holdings in shares of Caterpillar by 0.3% in the first quarter. Clearbridge Investments LLC now owns 3,635 shares of the industrial products company’s stock worth $337,000 after acquiring an additional 10 shares during the period. Toth Financial Advisory Corp boosted its holdings in shares of Caterpillar by 0.3% in the second quarter. Toth Financial Advisory Corp now owns 3,915 shares of the industrial products company’s stock worth $421,000 after acquiring an additional 10 shares during the period. Finally, Tarbox Family Office Inc. boosted its holdings in shares of Caterpillar by 0.4% in the second quarter. Tarbox Family Office Inc. now owns 2,887 shares of the industrial products company’s stock worth $310,000 after acquiring an additional 12 shares during the period. 69.23% of the stock is owned by institutional investors and hedge funds.

In related news, insider Bradley M. Halverson sold 182,612 shares of the stock in a transaction dated 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Suzette M. Long sold 13,859 shares of the stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $114.30, for a total transaction of $1,584,083.70. Following the completion of the transaction, the insider now directly owns 18,188 shares of the company’s stock, valued at approximately $2,078,888.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 201,471 shares of company stock valued at $22,979,332. 0.15% of the stock is owned by insiders.

A number of equities analysts have recently commented on CAT shares. Jefferies Group LLC reaffirmed a “hold” rating and issued a $100.00 price target on shares of Caterpillar in a report on Tuesday, August 29th. Royal Bank Of Canada reaffirmed a “hold” rating on shares of Caterpillar in a report on Tuesday, August 29th. Axiom Securities reaffirmed a “sell” rating on shares of Caterpillar in a report on Friday, June 16th. Vetr lowered Caterpillar from a “buy” rating to a “hold” rating and set a $122.53 price target for the company. in a report on Monday, September 4th. Finally, Bank of America Corporation reaffirmed a “buy” rating and issued a $135.00 price target (up from $120.00) on shares of Caterpillar in a report on Thursday, July 27th. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $110.79.

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Caterpillar, Inc. (CAT) opened at 118.87 on Tuesday. The stock has a market cap of $70.25 billion, a P/E ratio of 664.08 and a beta of 1.24. Caterpillar, Inc. has a 12-month low of $79.93 and a 12-month high of $119.19. The stock has a 50 day moving average price of $114.72 and a 200 day moving average price of $103.98.

Caterpillar (NYSE:CAT) last announced its quarterly earnings results on Tuesday, July 25th. The industrial products company reported $1.49 EPS for the quarter, beating the Zacks’ 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 during the quarter, compared to the consensus estimate of $10.96 billion. During the same quarter last year, the firm earned $1.09 EPS. The firm’s revenue for the quarter was up 9.6% compared to the same quarter last year. On average, analysts forecast that Caterpillar, Inc. will post $5.24 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Saturday, August 19th. Investors of record on Thursday, July 20th were issued a $0.78 dividend. This is an increase from Caterpillar’s previous quarterly dividend of $0.77. The ex-dividend date was Tuesday, July 18th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.62%. Caterpillar’s dividend payout ratio (DPR) is presently 2,080.00%.

About Caterpillar

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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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