Tower Research Capital LLC TRC decreased its stake in Caterpillar Inc. (NYSE:CAT) by 23.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,047 shares of the industrial products company’s stock after selling 5,494 shares during the period. Tower Research Capital LLC TRC’s holdings in Caterpillar were worth $2,280,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Park National Corp OH increased its stake in shares of Caterpillar by 2.1% in the second quarter. Park National Corp OH now owns 9,257 shares of the industrial products company’s stock valued at $1,261,000 after buying an additional 186 shares in the last quarter. Private Asset Management Inc. increased its position in Caterpillar by 10.0% in the second quarter. Private Asset Management Inc. now owns 10,156 shares of the industrial products company’s stock worth $1,384,000 after purchasing an additional 926 shares during the period. Fulton Bank N.A. increased its position in Caterpillar by 7.3% in the second quarter. Fulton Bank N.A. now owns 4,122 shares of the industrial products company’s stock worth $562,000 after purchasing an additional 279 shares during the period. Anderson Hoagland & Co. increased its position in Caterpillar by 1.7% in the second quarter. Anderson Hoagland & Co. now owns 25,232 shares of the industrial products company’s stock worth $3,023,000 after purchasing an additional 420 shares during the period. Finally, Rockland Trust Co. increased its position in Caterpillar by 12.0% in the second quarter. Rockland Trust Co. now owns 3,165 shares of the industrial products company’s stock worth $431,000 after purchasing an additional 340 shares during the period. 66.87% of the stock is owned by institutional investors.

NYSE CAT traded down $1.66 during trading on Tuesday, hitting $146.34. The stock had a trading volume of 2,730,207 shares, compared to its average volume of 4,305,100. The company has a market capitalization of $81.88 billion, a PE ratio of 13.04, a P/E/G ratio of 1.56 and a beta of 1.53. The company’s 50-day moving average price is $132.45 and its two-hundred day moving average price is $129.13. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.99 and a current ratio of 1.44. Caterpillar Inc. has a 12 month low of $111.75 and a 12 month high of $148.47.

Caterpillar (NYSE:CAT) last released its earnings results on Wednesday, October 23rd. The industrial products company reported $2.66 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.82 by ($0.16). The firm had revenue of $12.76 billion during the quarter, compared to the consensus estimate of $13.49 billion. Caterpillar had a net margin of 10.99% and a return on equity of 42.51%. The company’s revenue was down 5.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.86 EPS. As a group, equities analysts anticipate that Caterpillar Inc. will post 10.89 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Monday, October 21st will be given a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a dividend yield of 2.82%. The ex-dividend date is Friday, October 18th. Caterpillar’s dividend payout ratio (DPR) is 36.72%.

CAT has been the subject of a number of research reports. Deutsche Bank lifted their price objective on Caterpillar from $113.00 to $123.00 and gave the stock a “hold” rating in a research report on Thursday, October 24th. ValuEngine upgraded Caterpillar from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. JPMorgan Chase & Co. reiterated a “buy” rating and issued a $155.00 price objective on shares of Caterpillar in a research report on Wednesday, October 23rd. UBS Group reduced their target price on Caterpillar to $110.00 and set a “sell” rating on the stock in a report on Thursday, October 24th. Finally, Robert W. Baird raised their target price on Caterpillar from $141.00 to $150.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the company. Caterpillar presently has an average rating of “Hold” and a consensus price target of $138.76.

In related news, insider Denise C. Johnson sold 4,172 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $146.67, for a total transaction of $611,907.24. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Gary Michael Marvel sold 2,180 shares of the business’s stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $139.38, for a total value of $303,848.40. Following the transaction, the chief accounting officer now directly owns 2,180 shares in the company, valued at $303,848.40. The disclosure for this sale can be found here. Insiders have sold a total of 95,141 shares of company stock worth $13,717,142 in the last ninety days. Insiders own 0.37% of the company’s stock.

Caterpillar Company Profile

Caterpillar, Inc engages in the manufacture of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. It operates through the following segments: Construction Industries, Resource Industries, Energy and Transportation, Financial Products, and All Other.

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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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