Olstein Capital Management L.P. lowered its holdings in Caterpillar, Inc. (NYSE:CAT) by 10.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,500 shares of the industrial products company’s stock after selling 6,000 shares during the period. Olstein Capital Management L.P.’s holdings in Caterpillar were worth $6,173,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CAT. Vanguard Group Inc. raised its holdings 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 worth $4,430,058,000 after acquiring an additional 2,377,623 shares in the last quarter. FMR LLC raised its holdings 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 worth $2,107,684,000 after acquiring an additional 2,052,300 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in shares of Caterpillar during the first quarter worth $143,490,000. Jennison Associates LLC raised its holdings in shares of Caterpillar by 140.9% during the third quarter. Jennison Associates LLC now owns 2,627,319 shares of the industrial products company’s stock worth $327,653,000 after acquiring an additional 1,536,470 shares in the last quarter. Finally, Morgan Stanley raised its holdings 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 worth $964,579,000 after acquiring an additional 1,365,856 shares in the last quarter. Institutional investors own 68.61% of the company’s stock.

Several brokerages recently issued reports on CAT. Barclays began coverage on Caterpillar in a report on Tuesday. They set a “buy” rating and a $162.00 price objective for the company. Vetr downgraded shares of Caterpillar from a “hold” rating to a “sell” rating and set a $137.72 target price on the stock. in a research report on Thursday, December 7th. UBS set a $155.00 target price on shares of Caterpillar and gave the stock a “buy” rating in a research report on Tuesday, December 5th. Stifel Nicolaus increased their target price on shares of Caterpillar from $125.00 to $145.00 and gave the stock a “hold” rating in a research report on Wednesday, October 25th. Finally, Royal Bank of Canada increased their target price on shares of Caterpillar from $120.00 to $143.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 25th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and fourteen have assigned a buy rating to the stock. Caterpillar presently has a consensus rating of “Hold” and an average target price of $139.14.

In related news, 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 sale, the chief financial officer now directly owns 7,814 shares of the company’s stock, valued at approximately $1,073,096.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Lange Bob De sold 1,572 shares of the business’s 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 directly owns 11,096 shares in the company, valued at $1,526,587.68. The disclosure for this sale can be found here. Insiders sold a total of 52,989 shares of company stock valued at $7,235,850 in the last three months. 0.14% of the stock is owned by company insiders.

Shares of Caterpillar, Inc. (CAT) opened at $143.42 on Wednesday. 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 fifty-two week low of $90.34 and a fifty-two week high of $145.19. The company has a market cap of $85,533.62, a price-to-earnings ratio of 25.91, a price-to-earnings-growth ratio of 2.16 and a beta of 1.29.

Caterpillar (NYSE:CAT) last announced its quarterly earnings results on Tuesday, October 24th. The industrial products company reported $1.95 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $10.69 billion. During the same quarter in the previous year, the business earned $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 6.44 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, November 20th. Stockholders of record on Monday, October 23rd were issued a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 2.18%. The ex-dividend date was Friday, October 20th. Caterpillar’s dividend payout ratio (DPR) is 216.67%.

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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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