Ballentine Partners LLC acquired a new stake in Caterpillar, Inc. (NYSE:CAT) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,781 shares of the industrial products company’s stock, valued at approximately $222,000.

A number of other institutional investors have also recently made changes to their positions in the business. S. R. Schill & Associates boosted its position in shares of Caterpillar by 0.3% during the first quarter. S. R. Schill & Associates now owns 2,204 shares of the industrial products company’s stock valued at $204,000 after buying an additional 6 shares during the last quarter. Northstar Group Inc. boosted its position in shares of Caterpillar by 0.3% during the second quarter. Northstar Group Inc. now owns 2,385 shares of the industrial products company’s stock valued at $256,000 after buying an additional 8 shares during the last quarter. Clearbridge Investments LLC boosted its position in shares of Caterpillar by 0.3% during the first quarter. Clearbridge Investments LLC now owns 3,635 shares of the industrial products company’s stock valued at $337,000 after buying an additional 10 shares during the last quarter. Toth Financial Advisory Corp boosted its position in shares of Caterpillar by 0.3% during the second quarter. Toth Financial Advisory Corp now owns 3,915 shares of the industrial products company’s stock valued at $421,000 after buying an additional 10 shares during the last quarter. Finally, Ironwood Investment Counsel LLC boosted its position in shares of Caterpillar by 0.3% during the second quarter. Ironwood Investment Counsel LLC now owns 3,425 shares of the industrial products company’s stock valued at $368,000 after buying an additional 10 shares during the last quarter. 68.61% of the stock is owned by hedge funds and other institutional investors.

Several research analysts recently issued reports on the company. Vetr raised Caterpillar from a “strong sell” rating to a “buy” rating and set a $120.03 target price on the stock in a research report on Thursday, August 10th. Tigress Financial reaffirmed a “buy” rating on shares of Caterpillar in a research report on Monday, September 18th. BidaskClub raised Caterpillar from a “sell” rating to a “hold” rating in a research report on Friday, August 25th. Deutsche Bank set a $149.00 target price on Caterpillar and gave the company a “hold” rating in a research report on Wednesday, October 25th. Finally, UBS raised Caterpillar from a “neutral” rating to a “buy” rating and lifted their target price for the company from $116.00 to $140.00 in a research report on Monday, September 18th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and fourteen have assigned a buy rating to the stock. Caterpillar presently has an average rating of “Hold” and a consensus price target of $133.92.

Shares of Caterpillar, Inc. (NYSE CAT) opened at $141.52 on Monday. The stock has a market capitalization of $84,195.02, a price-to-earnings ratio of 25.50, a price-to-earnings-growth ratio of 2.14 and a beta of 1.29. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.44 and a quick ratio of 1.04. Caterpillar, Inc. has a one year low of $90.34 and a one year high of $142.40.

Caterpillar (NYSE:CAT) last issued its earnings results on Tuesday, October 24th. The industrial products company reported $1.95 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.27 by $0.68. The firm had revenue of $11.41 billion for the quarter, compared to analyst estimates of $10.69 billion. Caterpillar had a return on equity of 23.22% and a net margin of 2.09%. The business’s revenue was up 24.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.85 earnings per share. equities research analysts predict that Caterpillar, Inc. will post 6.4 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, November 20th. Shareholders of record on Monday, October 23rd were paid a $0.78 dividend. The ex-dividend date was Friday, October 20th. This represents a $3.12 annualized dividend and a dividend yield of 2.20%. Caterpillar’s payout ratio is presently 216.67%.

In other Caterpillar news, insider Lange Bob De sold 1,572 shares of the business’s stock in a transaction on Thursday, October 26th. The stock was 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 in the company, valued at $1,526,587.68. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Bradley M. Halverson sold 17,210 shares of the business’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $137.33, for a total value of $2,363,449.30. Following the completion of the sale, the chief financial officer now owns 7,814 shares in the company, valued at $1,073,096.62. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 52,989 shares of company stock worth $7,235,850. Corporate insiders own 0.14% of the company’s stock.

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Caterpillar Company Profile

Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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