Osborne Partners Capital Management LLC trimmed its holdings in shares of Caterpillar, Inc. (NYSE:CAT) by 20.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,742 shares of the industrial products company’s stock after selling 4,325 shares during the quarter. Osborne Partners Capital Management LLC’s holdings in Caterpillar were worth $2,088,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in CAT. American International Group Inc. grew its stake in Caterpillar by 1.1% during the 1st quarter. American International Group Inc. now owns 5,275,443 shares of the industrial products company’s stock worth $489,350,000 after buying an additional 58,942 shares during the last quarter. Bancorpsouth Inc. grew its stake in Caterpillar by 1.2% during the 1st quarter. Bancorpsouth Inc. now owns 5,787 shares of the industrial products company’s stock worth $537,000 after buying an additional 69 shares during the last quarter. Cibc World Markets Corp grew its stake in Caterpillar by 507.9% during the 1st quarter. Cibc World Markets Corp now owns 1,276,465 shares of the industrial products company’s stock worth $118,405,000 after buying an additional 1,066,492 shares during the last quarter. Mastrapasqua Asset Management Inc. grew its stake in Caterpillar by 35.7% during the 1st quarter. Mastrapasqua Asset Management Inc. now owns 5,550 shares of the industrial products company’s stock worth $515,000 after buying an additional 1,460 shares during the last quarter. Finally, Tredje AP fonden grew its stake in Caterpillar by 0.9% during the 1st quarter. Tredje AP fonden now owns 48,519 shares of the industrial products company’s stock worth $4,501,000 after buying an additional 414 shares during the last quarter. Hedge funds and other institutional investors own 69.38% of the company’s stock.

In other Caterpillar news, Director Daniel M. Dickinson sold 3,813 shares of the stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $137.09, for a total transaction of $522,724.17. Following the completion of the transaction, the director now owns 6,554 shares of the company’s stock, valued at $898,487.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Lange Bob De sold 1,572 shares of the 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 transaction, the insider now directly owns 11,096 shares of the company’s stock, valued at approximately $1,526,587.68. The disclosure for this sale can be found here. 0.14% of the stock is owned by corporate insiders.

Caterpillar, Inc. (CAT) opened at $136.36 on Friday. Caterpillar, Inc. has a fifty-two week low of $90.34 and a fifty-two week high of $140.44. The company has a market capitalization of $79,780.61, a P/E ratio of 24.16, a price-to-earnings-growth ratio of 2.03 and a beta of 1.29. 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 announced its earnings results on Tuesday, October 24th. The industrial products company reported $1.95 EPS for the quarter, beating analysts’ consensus estimates of $1.27 by $0.68. Caterpillar had a return on equity of 23.22% and a net margin of 2.09%. The business had revenue of $11.41 billion during the quarter, compared to analysts’ expectations of $10.69 billion. During the same quarter in the prior year, the firm earned $0.85 earnings per share. The business’s revenue was up 24.6% compared to the same quarter last year. equities research analysts expect that Caterpillar, Inc. will post 6.4 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, November 20th. Shareholders of record on Monday, October 23rd will be issued a dividend of $0.78 per share. The ex-dividend date of this dividend is Friday, October 20th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.29%. Caterpillar’s payout ratio is currently 216.67%.

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Several analysts have weighed in on the company. UBS AG set a $155.00 price target on Caterpillar and gave the company a “buy” rating in a research note on Wednesday, October 25th. Stifel Nicolaus boosted their price target on Caterpillar from $125.00 to $145.00 and gave the company a “hold” rating in a research note on Wednesday, October 25th. Royal Bank Of Canada boosted their price target on Caterpillar from $120.00 to $143.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 25th. Robert W. Baird boosted their price target on Caterpillar from $130.00 to $140.00 and gave the company a “neutral” rating in a research note on Wednesday, October 25th. Finally, Bank of America Corporation set a $152.00 price target on Caterpillar and gave the company a “buy” rating in a research note on Wednesday, October 25th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and fourteen have given a buy rating to the company. Caterpillar has a consensus rating of “Hold” and a consensus price target of $133.92.

Caterpillar Profile

Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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