Hayden Royal LLC lessened its holdings in Caterpillar Inc. (NYSE:CAT) by 63.0% during the 1st quarter, Holdings Channel reports. The firm owned 4,466 shares of the industrial products company’s stock after selling 7,612 shares during the period. Hayden Royal LLC’s holdings in Caterpillar were worth $605,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. CI Investments Inc. lifted its stake in Caterpillar by 117.9% during the 3rd quarter. CI Investments Inc. now owns 183,472 shares of the industrial products company’s stock worth $27,978,000 after acquiring an additional 99,280 shares in the last quarter. Standard Life Aberdeen plc lifted its stake in Caterpillar by 9.7% during the 3rd quarter. Standard Life Aberdeen plc now owns 209,886 shares of the industrial products company’s stock worth $32,008,000 after acquiring an additional 18,610 shares in the last quarter. Capital International Inc. CA acquired a new position in Caterpillar during the 3rd quarter worth about $919,000. Capital Research Global Investors lifted its stake in Caterpillar by 289.4% during the 3rd quarter. Capital Research Global Investors now owns 3,934,537 shares of the industrial products company’s stock worth $599,978,000 after acquiring an additional 2,924,169 shares in the last quarter. Finally, Bell Rock Capital LLC acquired a new position in Caterpillar during the 3rd quarter worth about $130,000. 67.06% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts recently issued reports on the company. UBS Group lowered Caterpillar from a “buy” rating to a “sell” rating and decreased their target price for the stock from $154.00 to $125.00 in a research note on Tuesday, February 26th. Bank of America set a $152.00 target price on Caterpillar and gave the stock a “buy” rating in a research note on Thursday, April 4th. Deutsche Bank lowered Caterpillar from a “buy” rating to a “hold” rating and decreased their target price for the stock from $152.00 to $128.00 in a research note on Wednesday, April 3rd. Zacks Investment Research raised Caterpillar from a “hold” rating to a “buy” rating and set a $157.00 target price on the stock in a research note on Tuesday, April 2nd. Finally, ValuEngine upgraded Caterpillar from a “sell” rating to a “hold” rating in a report on Friday, March 1st. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and fifteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $147.54.

CAT opened at $136.35 on Wednesday. Caterpillar Inc. has a one year low of $112.06 and a one year high of $161.60. The stock has a market capitalization of $80.78 billion, a PE ratio of 12.15, a price-to-earnings-growth ratio of 0.74 and a beta of 1.46. The company has a current ratio of 1.37, a quick ratio of 0.96 and a debt-to-equity ratio of 1.78.

Caterpillar (NYSE:CAT) last released its quarterly earnings data on Monday, January 28th. The industrial products company reported $2.55 EPS for the quarter, missing analysts’ consensus estimates of $2.98 by ($0.43). Caterpillar had a net margin of 11.23% and a return on equity of 45.31%. The business had revenue of $14.34 billion during the quarter, compared to analysts’ expectations of $14.36 billion. During the same quarter in the previous year, the company posted $2.16 EPS. The company’s revenue was up 11.2% compared to the same quarter last year. On average, research analysts expect that Caterpillar Inc. will post 12.19 earnings per share for the current year.

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Caterpillar Profile

Caterpillar Inc manufactures and sells construction and mining equipment, diesel and natural gas engines, and industrial gas turbines. Its Construction Industries segment offers asphalt pavers, compactors, cold planers, feller bunchers, harvesters, motorgraders, pipelayers, road reclaimers, skidders, telehandlers, and utility vehicles; backhoe, knuckleboom, compact track, multi-terrain, skid steer, and track-type loaders; forestry and wheel excavators; and site prep and track-type tractors.

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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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