Lodge Hill Capital LLC decreased its position in Caterpillar, Inc. (NYSE:CAT) by 57.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 614,500 shares of the industrial products company’s stock after selling 840,500 shares during the period. Caterpillar makes up about 5.8% of Lodge Hill Capital LLC’s portfolio, making the stock its 3rd biggest holding. Lodge Hill Capital LLC owned about 0.10% of Caterpillar worth $76,634,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of CAT. Vanguard Group Inc. raised its position in shares of Caterpillar by 6.1% during the 2nd 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 period. FMR LLC raised its position in shares of Caterpillar by 11.7% during the 2nd 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 period. TIAA CREF Investment Management LLC raised its position in shares of Caterpillar by 10.9% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 3,058,115 shares of the industrial products company’s stock valued at $328,625,000 after buying an additional 301,739 shares during the period. Legal & General Group Plc raised its position in Caterpillar by 0.4% in the third quarter. Legal & General Group Plc now owns 2,955,916 shares of the industrial products company’s stock valued at $368,648,000 after purchasing an additional 11,745 shares during the period. Finally, Jennison Associates LLC raised its position in Caterpillar by 140.9% in the third quarter. Jennison Associates LLC now owns 2,627,319 shares of the industrial products company’s stock valued at $327,653,000 after purchasing an additional 1,536,470 shares during the period. Institutional investors own 68.53% of the company’s stock.

Caterpillar, Inc. (CAT) opened at $152.52 on Thursday. The company has a debt-to-equity ratio of 1.58, a quick ratio of 1.04 and a current ratio of 1.44. The company has a market cap of $89,781.44, a price-to-earnings ratio of 27.19, a P/E/G ratio of 2.26 and a beta of 1.29. Caterpillar, Inc. has a 12 month low of $90.34 and a 12 month high of $152.60.

Caterpillar (NYSE:CAT) last issued its earnings results on Tuesday, October 24th. The industrial products company reported $1.95 EPS for the quarter, topping analysts’ consensus estimates of $1.27 by $0.68. The firm had revenue of $11.41 billion during the quarter, compared to the consensus estimate of $10.69 billion. Caterpillar had a net margin of 2.09% and a return on equity of 23.22%. The company’s revenue was up 24.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.85 earnings per share. analysts expect that Caterpillar, Inc. will post 6.45 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 20th. Investors of record on Monday, January 22nd will be paid a dividend of $0.78 per share. The ex-dividend date is Friday, January 19th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.05%. Caterpillar’s payout ratio is currently 216.67%.

In related news, insider Thomas A. Pellette sold 24,547 shares of the business’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $135.69, for a total transaction of $3,330,782.43. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Bradley M. Halverson sold 2,600 shares of the business’s stock in a transaction on Monday, November 27th. The stock was sold at an average price of $137.67, for a total transaction of $357,942.00. Following the transaction, the insider now owns 5,214 shares of the company’s stock, valued at approximately $717,811.38. The disclosure for this sale can be found here. In the last quarter, insiders have sold 52,989 shares of company stock valued at $7,235,850. Insiders own 0.14% of the company’s stock.

A number of analysts have issued reports on the company. Tigress Financial reissued a “buy” rating on shares of Caterpillar in a research report on Monday, September 18th. Vetr upgraded shares of Caterpillar from a “sell” rating to a “hold” rating and set a $131.05 price target for the company in a research note on Thursday, October 19th. Barclays started coverage on shares of Caterpillar in a research note on Tuesday, December 12th. They issued an “overweight” rating and a $162.00 price target for the company. BidaskClub upgraded shares of Caterpillar from a “sell” rating to a “hold” rating in a research note on Friday, August 25th. Finally, Deutsche Bank set a $149.00 price target on shares of Caterpillar and gave the stock a “hold” rating in a research note on Wednesday, October 25th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and fourteen have assigned a buy rating to the stock. Caterpillar has a consensus rating of “Hold” and a consensus price target of $139.14.

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Caterpillar Profile

Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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