Bontempo Ohly Capital Mgmt LLC decreased its holdings in shares of Caterpillar, Inc. (NYSE:CAT) by 2.3% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 25,003 shares of the industrial products company’s stock after selling 583 shares during the period. Caterpillar makes up approximately 2.2% of Bontempo Ohly Capital Mgmt LLC’s investment portfolio, making the stock its 10th largest holding. Bontempo Ohly Capital Mgmt LLC’s holdings in Caterpillar were worth $2,687,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted its position in Caterpillar by 6.1% in the second quarter. Vanguard Group Inc. now owns 41,225,175 shares of the industrial products company’s stock valued at $4,430,058,000 after buying an additional 2,377,623 shares during the last quarter. FMR LLC boosted its position in Caterpillar by 11.7% in the second quarter. FMR LLC now owns 19,613,661 shares of the industrial products company’s stock valued at $2,107,684,000 after buying an additional 2,052,300 shares during the last quarter. Morgan Stanley boosted its position in Caterpillar by 15.1% in the first quarter. Morgan Stanley now owns 10,398,677 shares of the industrial products company’s stock valued at $964,579,000 after buying an additional 1,365,856 shares during the last quarter. Primecap Management Co. CA boosted its position in Caterpillar by 16.9% in the first quarter. Primecap Management Co. CA now owns 7,259,063 shares of the industrial products company’s stock valued at $673,351,000 after buying an additional 1,047,922 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in Caterpillar by 8.1% in the first quarter. Geode Capital Management LLC now owns 5,575,420 shares of the industrial products company’s stock valued at $516,423,000 after buying an additional 419,191 shares during the last quarter. Institutional investors and hedge funds own 69.41% of the company’s stock.

A number of equities research analysts recently commented on the company. BMO Capital Markets upped their target price on Caterpillar from $130.00 to $150.00 and gave the company an “outperform” rating in a research report on Thursday, September 14th. Vetr upgraded Caterpillar from a “sell” rating to a “hold” rating and set a $131.05 target price on the stock in a research report on Thursday, October 19th. Zacks Investment Research lowered Caterpillar from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 26th. Stifel Nicolaus reiterated a “hold” rating and issued a $125.00 target price on shares of Caterpillar in a research report on Sunday, July 30th. Finally, Argus upped their target price on Caterpillar from $130.00 to $155.00 and gave the company a “buy” rating in a research report on Thursday, October 26th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and fourteen have given a buy rating to the company’s stock. Caterpillar has a consensus rating of “Hold” and an average price target of $133.76.

TRADEMARK VIOLATION WARNING: “Bontempo Ohly Capital Mgmt LLC Sells 583 Shares of Caterpillar, Inc. (CAT)” was published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this piece on another site, it was illegally copied and republished in violation of U.S. and international trademark & copyright legislation. The correct version of this piece can be read at https://www.thecerbatgem.com/2017/11/08/bontempo-ohly-capital-mgmt-llc-sells-583-shares-of-caterpillar-inc-cat.html.

Caterpillar, Inc. (NYSE:CAT) opened at $138.81 on Wednesday. Caterpillar, Inc. has a 52 week low of $82.97 and a 52 week high of $140.44. The company has a quick ratio of 1.04, a current ratio of 1.44 and a debt-to-equity ratio of 1.58. The company has a market capitalization of $81,928.32, a price-to-earnings ratio of 24.81, a P/E/G ratio of 2.08 and a beta of 1.29.

Caterpillar (NYSE:CAT) last posted its quarterly earnings data on Tuesday, October 24th. The industrial products company reported $1.95 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.27 by $0.68. Caterpillar had a return on equity of 23.22% and a net margin of 2.09%. The firm had revenue of $11.41 billion during the quarter, compared to the consensus estimate of $10.69 billion. During the same period in the prior year, the company earned $0.85 EPS. The firm’s revenue was up 24.6% compared to the same quarter last year. equities analysts predict that Caterpillar, Inc. will post 6.4 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, November 20th. Shareholders of record on Monday, October 23rd will be paid a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date is Friday, October 20th. Caterpillar’s dividend payout ratio (DPR) is presently 216.67%.

In other Caterpillar news, insider Lange Bob De sold 1,572 shares of the firm’s stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $137.58, for a total value of $216,275.76. Following the completion of the sale, the insider now directly owns 11,096 shares of the company’s stock, valued at approximately $1,526,587.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Daniel M. Dickinson sold 3,813 shares of the firm’s stock in a transaction on Monday, October 30th. The stock was sold at an average price of $137.09, for a total value of $522,724.17. Following the completion of the sale, the director now directly owns 6,554 shares of the company’s stock, valued at $898,487.86. The disclosure for this sale can be found here. 0.14% of the stock is owned by company insiders.

About Caterpillar

Want to see what other hedge funds are holding CAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Caterpillar, Inc. (NYSE:CAT).

Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

Receive News & Stock Ratings for Caterpillar Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Caterpillar Inc. and related stocks with our FREE daily email newsletter.