Glenview State Bank Trust DEPT. raised its position in Caterpillar, Inc. (NYSE:CAT) by 1.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 53,035 shares of the industrial products company’s stock after buying an additional 1,000 shares during the period. Caterpillar accounts for about 3.2% of Glenview State Bank Trust DEPT.’s investment portfolio, making the stock its 10th biggest position. Glenview State Bank Trust DEPT.’s holdings in Caterpillar were worth $6,614,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in Caterpillar by 6.1% in 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 buying an additional 2,377,623 shares in the last quarter. FMR LLC boosted its position in Caterpillar by 11.7% in 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 buying an additional 2,052,300 shares in the last quarter. Morgan Stanley boosted its position in Caterpillar by 15.1% in the first quarter. Morgan Stanley now owns 10,398,677 shares of the industrial products company’s stock valued at $964,579,000 after buying an additional 1,365,856 shares in the last quarter. Primecap Management Co. CA boosted its position in Caterpillar by 16.9% in the first quarter. Primecap Management Co. CA now owns 7,259,063 shares of the industrial products company’s stock valued at $673,351,000 after buying an additional 1,047,922 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in Caterpillar by 8.1% in 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 buying an additional 419,191 shares in the last quarter. Hedge funds and other institutional investors own 69.19% of the company’s stock.

Shares of Caterpillar, Inc. (NYSE:CAT) opened at $138.01 on Thursday. Caterpillar, Inc. has a 12 month low of $90.34 and a 12 month high of $140.44. The company has a quick ratio of 1.04, a current ratio of 1.44 and a debt-to-equity ratio of 1.58. The company has a market cap of $81,862.88, a P/E ratio of 24.79, a price-to-earnings-growth ratio of 2.08 and a beta of 1.29.

Caterpillar (NYSE:CAT) last issued its earnings results on Tuesday, October 24th. The industrial products company reported $1.95 EPS for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $11.41 billion during the quarter, compared to the consensus estimate of $10.69 billion. During the same quarter in the prior year, the firm earned $0.85 earnings per share. The business’s quarterly revenue was up 24.6% on a year-over-year basis. equities research analysts forecast that Caterpillar, Inc. will post 6.4 EPS for the current fiscal 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. This represents a $3.12 annualized dividend and a yield of 2.26%. The ex-dividend date was Friday, October 20th. Caterpillar’s payout ratio is presently 216.67%.

In other news, insider Lange Bob De sold 1,572 shares of the stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $137.58, for a total transaction of $216,275.76. Following the completion of the sale, the insider now owns 11,096 shares of the company’s stock, valued at $1,526,587.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Thomas A. Pellette sold 24,547 shares of the stock in a transaction on Friday, November 17th. The stock was sold at an average price of $135.69, for a total transaction of $3,330,782.43. The disclosure for this sale can be found here. Insiders sold 29,932 shares of company stock valued at $4,069,782 in the last ninety days. Insiders own 0.14% of the company’s stock.

A number of equities analysts have recently issued reports on CAT shares. Vetr lowered shares of Caterpillar from a “buy” rating to a “hold” rating and set a $122.53 target price on the stock. in a research report on Monday, September 11th. Jefferies Group LLC reiterated a “hold” rating and set a $100.00 target price on shares of Caterpillar in a research report on Tuesday, August 29th. Royal Bank Of Canada reiterated a “hold” rating on shares of Caterpillar in a research report on Tuesday, August 29th. UBS AG upgraded shares of Caterpillar from a “neutral” rating to a “buy” rating and upped their target price for the stock from $116.00 to $140.00 in a research report on Monday, September 18th. Finally, BMO Capital Markets upped their target price on shares of Caterpillar from $130.00 to $150.00 and gave the stock an “outperform” rating in a research report on Thursday, September 14th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and fourteen have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $133.92.

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About Caterpillar

Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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