Meyer Handelman Co. lowered its stake in shares of Caterpillar Inc. (NYSE:CAT) by 32.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 158,216 shares of the industrial products company’s stock after selling 75,900 shares during the period. Caterpillar makes up approximately 1.2% of Meyer Handelman Co.’s portfolio, making the stock its 28th biggest holding. Meyer Handelman Co.’s holdings in Caterpillar were worth $24,932,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Harvest Fund Management Co. Ltd purchased a new position in shares of Caterpillar in the 4th quarter worth approximately $131,000. Sandy Spring Bank boosted its stake in shares of Caterpillar by 61.9% in the 4th quarter. Sandy Spring Bank now owns 981 shares of the industrial products company’s stock worth $155,000 after buying an additional 375 shares during the last quarter. Acrospire Investment Management LLC lifted its stake in Caterpillar by 900.0% in the second quarter. Acrospire Investment Management LLC now owns 1,000 shares of the industrial products company’s stock valued at $107,000 after purchasing an additional 900 shares during the last quarter. Verde Servicos Internacionais S.A. purchased a new position in Caterpillar in the fourth quarter valued at approximately $156,000. Finally, Massey Quick Simon & CO. LLC lifted its stake in Caterpillar by 4,240.7% in the third quarter. Massey Quick Simon & CO. LLC now owns 1,172 shares of the industrial products company’s stock valued at $146,000 after purchasing an additional 1,145 shares during the last quarter. Hedge funds and other institutional investors own 69.27% of the company’s stock.

Several research firms recently commented on CAT. Seaport Global Securities upgraded Caterpillar from a “neutral” rating to a “buy” rating and upped their price objective for the company from $170.90 to $195.00 in a research note on Tuesday, January 23rd. Vetr upgraded Caterpillar from a “sell” rating to a “hold” rating and set a $164.34 price objective on the stock in a research note on Monday, January 22nd. Citigroup reiterated a “neutral” rating and issued a $185.00 price objective (up previously from $160.00) on shares of Caterpillar in a research note on Friday, January 19th. Barclays set a $180.00 price objective on Caterpillar and gave the company an “overweight” rating in a research note on Wednesday, January 24th. Finally, Bank of America reiterated a “buy” rating and issued a $189.00 price objective (up previously from $158.00) on shares of Caterpillar in a research note on Friday, January 12th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and eighteen have issued a buy rating to the company’s stock. Caterpillar has a consensus rating of “Buy” and a consensus price target of $167.60.

In other news, General Counsel Suzette M. Long sold 528 shares of the company’s stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $160.46, for a total value of $84,722.88. Following the transaction, the general counsel now owns 19,646 shares of the company’s stock, valued at $3,152,397.16. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Thomas A. Pellette sold 95,199 shares of the company’s stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $163.09, for a total transaction of $15,526,004.91. Following the completion of the transaction, the insider now directly owns 96,268 shares in the company, valued at approximately $15,700,348.12. The disclosure for this sale can be found here. In the last ninety days, insiders sold 143,331 shares of company stock worth $22,107,578. Insiders own 0.14% of the company’s stock.

Shares of Caterpillar Inc. (CAT) opened at $152.29 on Tuesday. The company has a current ratio of 1.35, a quick ratio of 0.97 and a debt-to-equity ratio of 1.73. Caterpillar Inc. has a 1-year low of $90.34 and a 1-year high of $173.24. The stock has a market cap of $88,770.05, a price-to-earnings ratio of 120.87, a price-to-earnings-growth ratio of 1.60 and a beta of 1.23.

Caterpillar (NYSE:CAT) last issued its earnings results on Thursday, January 25th. The industrial products company reported $2.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.77 by $0.39. The business had revenue of $12.90 billion for the quarter, compared to analysts’ expectations of $12.01 billion. Caterpillar had a net margin of 1.66% and a return on equity of 28.69%. The business’s revenue for the quarter was up 34.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.83 EPS. equities research analysts forecast that Caterpillar Inc. will post 9.05 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 20th. Stockholders of record on Monday, January 22nd will be issued a $0.78 dividend. The ex-dividend date of this dividend is Friday, January 19th. This represents a $3.12 annualized dividend and a dividend yield of 2.05%. Caterpillar’s payout ratio is currently 247.62%.

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Caterpillar Company Profile

Caterpillar Inc is a manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The Company operates through segments, including Construction Industries, which is engaged in supporting customers using machinery in infrastructure, forestry and building construction; Resource Industries, which is engaged in supporting customers using machinery in mining, quarry, waste and material handling applications; Energy & Transportation, which supports customers in oil and gas, power generation, marine, rail and industrial applications, including Cat machines; Financial Products segment, which provides financing and related services, and All Other operating segments, which includes activities, such as product management and development, and manufacturing of filters and fluids, undercarriage, tires and rims, ground engaging tools, fluid transfer products, and sealing and connecting components for Cat products.

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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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