Resources Management Corp CT ADV bought a new position in Caterpillar Inc. (NYSE:CAT) in the 3rd quarter, HoldingsChannel.com reports. The fund bought 11,975 shares of the industrial products company’s stock, valued at approximately $1,513,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of CAT. Tortoise Investment Management LLC lifted its stake in Caterpillar by 3,600.0% in the second quarter. Tortoise Investment Management LLC now owns 185 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 180 shares during the last quarter. Prestige Wealth Management Group LLC purchased a new position in shares of Caterpillar in the second quarter worth about $27,000. Private Ocean LLC lifted its stake in shares of Caterpillar by 62.9% in the 3rd quarter. Private Ocean LLC now owns 259 shares of the industrial products company’s stock valued at $33,000 after acquiring an additional 100 shares during the last quarter. G&S Capital LLC bought a new stake in shares of Caterpillar in the 3rd quarter valued at about $38,000. Finally, Kavar Capital Partners LLC purchased a new stake in Caterpillar during the 2nd quarter valued at about $46,000. 64.90% of the stock is owned by institutional investors and hedge funds.

In other Caterpillar news, CAO Gary Michael Marvel sold 2,180 shares of the firm’s stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $139.38, for a total value of $303,848.40. Following the completion of the sale, the chief accounting officer now directly owns 2,180 shares in the company, valued at $303,848.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Suzette M. Long sold 5,019 shares of Caterpillar stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $126.34, for a total value of $634,100.46. Following the sale, the general counsel now directly owns 12,569 shares in the company, valued at $1,587,967.46. The disclosure for this sale can be found here. In the last quarter, insiders sold 95,141 shares of company stock worth $13,717,142. 0.37% of the stock is currently owned by company insiders.

NYSE CAT traded up $0.06 on Wednesday, hitting $140.12. The company’s stock had a trading volume of 2,431,261 shares, compared to its average volume of 4,206,764. The firm has a market cap of $79.99 billion, a P/E ratio of 12.49, a PEG ratio of 1.52 and a beta of 1.54. Caterpillar Inc. has a 52-week low of $111.75 and a 52-week high of $148.47. The company’s 50-day simple moving average is $141.26 and its 200 day simple moving average is $130.15. The company has a current ratio of 1.44, a quick ratio of 0.99 and a debt-to-equity ratio of 1.71.

Caterpillar (NYSE:CAT) last posted its earnings results on Wednesday, October 23rd. The industrial products company reported $2.66 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.82 by ($0.16). The business had revenue of $12.76 billion for the quarter, compared to analysts’ expectations of $13.49 billion. Caterpillar had a net margin of 10.99% and a return on equity of 42.51%. Caterpillar’s quarterly revenue was down 5.6% on a year-over-year basis. During the same period last year, the firm posted $2.86 earnings per share. On average, research analysts forecast that Caterpillar Inc. will post 10.87 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Investors of record on Monday, October 21st were issued a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 2.94%. The ex-dividend date was Friday, October 18th. Caterpillar’s dividend payout ratio (DPR) is currently 36.72%.

Several research firms recently issued reports on CAT. Wells Fargo & Co lowered Caterpillar from an “outperform” rating to a “market perform” rating and set a $143.00 price target on the stock. in a research report on Wednesday, September 11th. Citigroup lowered their price objective on Caterpillar from $150.00 to $145.00 and set a “buy” rating for the company in a research report on Tuesday, September 24th. JPMorgan Chase & Co. reissued a “buy” rating and set a $155.00 price objective on shares of Caterpillar in a research note on Wednesday, October 23rd. UBS Group cut their target price on shares of Caterpillar to $110.00 and set a “sell” rating on the stock in a report on Thursday, October 24th. Finally, Cleveland Research reaffirmed a “hold” rating on shares of Caterpillar in a research note on Monday, September 30th. 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’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $138.93.

About Caterpillar

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.

Featured Story: How Short Selling Works

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 & Ratings for Caterpillar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Caterpillar and related companies with MarketBeat.com's FREE daily email newsletter.