Sumitomo Mitsui Trust Holdings Inc. cut its stake in shares of Caterpillar, Inc. (NYSE:CAT) by 0.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,000,773 shares of the industrial products company’s stock after selling 4,350 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.34% of Caterpillar worth $249,516,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. increased its position in shares of Caterpillar by 6.1% during the second quarter. Vanguard Group Inc. now owns 41,225,175 shares of the industrial products company’s stock valued at $4,430,058,000 after acquiring an additional 2,377,623 shares during the last quarter. FMR LLC increased its position in shares of Caterpillar by 11.7% during the second quarter. FMR LLC now owns 19,613,661 shares of the industrial products company’s stock valued at $2,107,684,000 after acquiring an additional 2,052,300 shares during the last quarter. Morgan Stanley increased its position in shares of Caterpillar by 15.1% during the first quarter. Morgan Stanley now owns 10,398,677 shares of the industrial products company’s stock valued at $964,579,000 after acquiring an additional 1,365,856 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Caterpillar by 8.1% during the first quarter. Geode Capital Management LLC now owns 5,575,420 shares of the industrial products company’s stock valued at $516,423,000 after acquiring an additional 419,191 shares during the last quarter. Finally, TIAA CREF Investment Management LLC increased its position in shares of Caterpillar by 10.9% during the second quarter. TIAA CREF Investment Management LLC now owns 3,058,115 shares of the industrial products company’s stock valued at $328,625,000 after acquiring an additional 301,739 shares during the last quarter. Institutional investors and hedge funds own 68.61% of the company’s stock.

Caterpillar, Inc. (NYSE CAT) opened at $140.34 on Thursday. The company has a current ratio of 1.44, a quick ratio of 1.04 and a debt-to-equity ratio of 1.58. Caterpillar, Inc. has a twelve month low of $90.34 and a twelve month high of $145.19. The company has a market cap of $83,374.00, a P/E ratio of 25.25, a price-to-earnings-growth ratio of 2.12 and a beta of 1.29.

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

The company also recently declared a quarterly dividend, which was paid on Monday, November 20th. Shareholders of record on Monday, October 23rd were issued a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 2.22%. The ex-dividend date of this dividend was Friday, October 20th. Caterpillar’s dividend payout ratio (DPR) is presently 216.67%.

In other Caterpillar news, insider Thomas A. Pellette sold 24,547 shares of the business’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $135.69, for a total transaction of $3,330,782.43. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Bradley M. Halverson sold 2,600 shares of the business’s stock in a transaction that occurred 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 transaction, the insider now owns 5,214 shares of the company’s stock, valued at approximately $717,811.38. The disclosure for this sale can be found here. Insiders have sold a total of 52,989 shares of company stock valued at $7,235,850 in the last quarter. 0.14% of the stock is currently owned by company insiders.

A number of equities research analysts have weighed in on CAT shares. Vetr cut shares of Caterpillar from a “buy” rating to a “hold” rating and set a $122.53 price target for the company. in a research report on Monday, September 11th. Jefferies Group restated a “hold” rating and issued a $100.00 price objective on shares of Caterpillar in a report on Tuesday, August 29th. Royal Bank Of Canada restated a “hold” rating on shares of Caterpillar in a report on Tuesday, August 29th. UBS upgraded shares of Caterpillar from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $116.00 to $140.00 in a report on Monday, September 18th. Finally, BMO Capital Markets lifted their price objective on shares of Caterpillar from $130.00 to $150.00 and gave the company an “outperform” rating in a report on Thursday, September 14th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and fourteen have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $136.28.

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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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