Louisiana State Employees Retirement System trimmed its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 2.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 36,000 shares of the industrial products company’s stock after selling 900 shares during the period. Louisiana State Employees Retirement System’s holdings in Caterpillar were worth $5,673,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the stock. Vanguard Group Inc. increased its position in Caterpillar by 6.1% in the 2nd quarter. Vanguard Group Inc. now owns 41,225,175 shares of the industrial products company’s stock worth $4,430,058,000 after purchasing an additional 2,377,623 shares during the last quarter. FMR LLC increased its position in Caterpillar by 11.7% in the 2nd quarter. FMR LLC now owns 19,613,661 shares of the industrial products company’s stock worth $2,107,684,000 after purchasing an additional 2,052,300 shares during the last quarter. Jennison Associates LLC increased its position in Caterpillar by 140.9% in the 3rd quarter. Jennison Associates LLC now owns 2,627,319 shares of the industrial products company’s stock worth $327,653,000 after purchasing an additional 1,536,470 shares during the last quarter. Balyasny Asset Management LLC increased its position in Caterpillar by 663.8% in the 2nd quarter. Balyasny Asset Management LLC now owns 1,032,853 shares of the industrial products company’s stock worth $110,990,000 after purchasing an additional 1,216,053 shares during the last quarter. Finally, Renaissance Technologies LLC increased its position in Caterpillar by 61.7% in the 2nd quarter. Renaissance Technologies LLC now owns 2,501,100 shares of the industrial products company’s stock worth $268,768,000 after purchasing an additional 954,200 shares during the last quarter. 68.55% of the stock is currently owned by hedge funds and other institutional investors.

In related news, insider Bradley M. Halverson sold 2,600 shares of the firm’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 completion of the sale, the insider now directly owns 5,214 shares of the company’s stock, valued at approximately $717,811.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Lange Bob De sold 1,572 shares of the firm’s stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $137.58, for a total value of $216,275.76. Following the sale, the insider now directly owns 11,096 shares of the company’s stock, valued at $1,526,587.68. The disclosure for this sale can be found here. Insiders sold a total of 52,989 shares of company stock valued at $7,235,850 in the last quarter. Corporate insiders own 0.14% of the company’s stock.

Several research analysts have weighed in on the company. Citigroup upped their target price on Caterpillar from $145.00 to $160.00 and gave the stock a “neutral” rating in a research report on Thursday, December 21st. Vetr raised Caterpillar from a “sell” rating to a “hold” rating and set a $131.05 price objective on the stock in a report on Thursday, October 19th. Zacks Investment Research lowered Caterpillar from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 26th. Argus increased their price objective on Caterpillar from $130.00 to $155.00 and gave the company a “buy” rating in a report on Thursday, October 26th. Finally, Bank of America reissued a “buy” rating and set a $189.00 price objective (up previously from $158.00) on shares of Caterpillar in a report on Friday. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and fifteen have issued a buy rating to the company. Caterpillar has an average rating of “Hold” and an average price target of $148.24.

Shares of Caterpillar Inc. (NYSE:CAT) traded up $0.64 during trading hours on Tuesday, reaching $170.95. The company had a trading volume of 3,541,953 shares, compared to its average volume of 4,702,400. Caterpillar Inc. has a 1 year low of $90.34 and a 1 year high of $170.67. The company has a market cap of $101,950.00, a P/E ratio of 118.71, a price-to-earnings-growth ratio of 2.09 and a beta of 1.29. The company has a debt-to-equity ratio of 1.58, a quick ratio of 1.04 and a current ratio of 1.44.

Caterpillar (NYSE:CAT) last announced its quarterly earnings data on Tuesday, October 24th. The industrial products company reported $1.95 EPS for the quarter, topping the Zacks’ 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 company had revenue of $11.41 billion during the quarter, compared to the consensus estimate of $10.69 billion. During the same quarter last year, the company earned $0.85 EPS. The company’s quarterly revenue was up 24.6% on a year-over-year basis. research analysts predict that Caterpillar Inc. will post 6.46 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 20th. Shareholders of record on Monday, January 22nd will be given a $0.78 dividend. The ex-dividend date is Friday, January 19th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.83%. Caterpillar’s dividend payout ratio is currently 216.67%.

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Caterpillar Company Profile

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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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