Heritage Investors Management Corp trimmed its holdings in Caterpillar, Inc. (NYSE:CAT) by 3.5% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 207,017 shares of the industrial products company’s stock after selling 7,480 shares during the quarter. Caterpillar comprises 1.7% of Heritage Investors Management Corp’s portfolio, making the stock its 9th biggest holding. Heritage Investors Management Corp’s holdings in Caterpillar were worth $25,817,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in CAT. Birinyi Associates Inc raised its holdings in Caterpillar by 187.9% during the 1st quarter. Birinyi Associates Inc now owns 13,406 shares of the industrial products company’s stock worth $1,244,000 after purchasing an additional 8,750 shares during the last quarter. Stratos Wealth Partners LTD. raised its holdings in Caterpillar by 3.3% during the 1st quarter. Stratos Wealth Partners LTD. now owns 19,052 shares of the industrial products company’s stock worth $1,767,000 after purchasing an additional 600 shares during the last quarter. FMR LLC raised its holdings in Caterpillar by 11.4% during the 1st quarter. FMR LLC now owns 17,561,361 shares of the industrial products company’s stock worth $1,628,992,000 after purchasing an additional 1,798,312 shares during the last quarter. Advantus Capital Management Inc raised its holdings in Caterpillar by 0.6% during the 1st quarter. Advantus Capital Management Inc now owns 59,033 shares of the industrial products company’s stock worth $5,476,000 after purchasing an additional 381 shares during the last quarter. Finally, Homrich & Berg bought a new stake in Caterpillar during the 1st quarter worth about $230,000. 69.19% of the stock is owned by institutional investors and hedge funds.

Caterpillar, Inc. (NYSE CAT) opened at $137.39 on Friday. The stock has a market capitalization of $82,106.79, a PE ratio of 24.87, a PEG ratio of 2.09 and a beta of 1.29. Caterpillar, Inc. has a 12-month low of $90.34 and a 12-month high of $140.44. 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 (NYSE:CAT) last posted its earnings results on Tuesday, October 24th. The industrial products company reported $1.95 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.27 by $0.68. The company had revenue of $11.41 billion during 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 company’s revenue for the quarter was up 24.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.85 EPS. equities research analysts predict that Caterpillar, Inc. will post 6.4 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, November 20th. Stockholders of record on Monday, October 23rd were given a dividend of $0.78 per share. The ex-dividend date was Friday, October 20th. This represents a $3.12 annualized dividend and a dividend yield of 2.27%. Caterpillar’s payout ratio is currently 216.67%.

In related news, CFO Bradley M. Halverson sold 17,210 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $137.33, for a total value of $2,363,449.30. Following the completion of the transaction, the chief financial officer now directly owns 7,814 shares in the company, valued at approximately $1,073,096.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Lange Bob De sold 1,572 shares of the business’s stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $137.58, for a total value of $216,275.76. Following the completion of the transaction, the insider now owns 11,096 shares of the company’s stock, valued at $1,526,587.68. The disclosure for this sale can be found here. Insiders have sold a total of 47,142 shares of company stock valued at $6,433,232 over the last 90 days. Corporate insiders own 0.14% of the company’s stock.

Several analysts have weighed in on CAT shares. Stifel Nicolaus reissued a “hold” rating and set a $125.00 price objective on shares of Caterpillar in a report on Sunday, July 30th. Tigress Financial raised Caterpillar from a “neutral” rating to a “buy” rating in a report on Monday, July 31st. Argus reissued a “buy” rating and set a $113.10 price objective (down from $130.00) on shares of Caterpillar in a report on Wednesday, August 2nd. Atlantic Securities raised Caterpillar from an “underweight” rating to a “neutral” rating and boosted their price objective for the stock from $85.00 to $115.00 in a report on Thursday, August 3rd. Finally, Vetr raised Caterpillar from a “strong sell” rating to a “buy” rating and set a $120.03 price objective for the company in a report on Thursday, August 10th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and fourteen have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $133.92.

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Caterpillar Company Profile

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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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