Pinebridge Investments L.P. lessened its holdings in Caterpillar, Inc. (NYSE:CAT) by 5.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 184,629 shares of the industrial products company’s stock after selling 10,379 shares during the period. Pinebridge Investments L.P.’s holdings in Caterpillar were worth $23,026,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its position in Caterpillar by 6.1% during 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 purchasing an additional 2,377,623 shares during the last quarter. FMR LLC boosted its position in Caterpillar by 11.7% during 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 purchasing an additional 2,052,300 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in Caterpillar during the first quarter valued at $143,490,000. Jennison Associates LLC boosted its position in Caterpillar by 140.9% during the third quarter. Jennison Associates LLC now owns 2,627,319 shares of the industrial products company’s stock valued at $327,653,000 after purchasing an additional 1,536,470 shares during the last quarter. Finally, Morgan Stanley boosted its position in Caterpillar by 15.1% during the first quarter. Morgan Stanley now owns 10,398,677 shares of the industrial products company’s stock valued at $964,579,000 after purchasing an additional 1,365,856 shares during the last quarter. 68.53% of the stock is owned by institutional investors and hedge funds.

Caterpillar, Inc. (NYSE CAT) opened at $149.77 on Tuesday. Caterpillar, Inc. has a 1-year low of $90.34 and a 1-year high of $149.81. The company has a current ratio of 1.44, a quick ratio of 1.04 and a debt-to-equity ratio of 1.58. The firm has a market capitalization of $87,288.66, a PE ratio of 26.44, a price-to-earnings-growth ratio of 2.21 and a beta of 1.29.

Caterpillar (NYSE:CAT) last posted its earnings results on Tuesday, October 24th. The industrial products company reported $1.95 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.27 by $0.68. Caterpillar had a return on equity of 23.22% and a net margin of 2.09%. The company had revenue of $11.41 billion for the quarter, compared to analyst estimates of $10.69 billion. During the same period last year, the company earned $0.85 earnings per share. The business’s revenue was up 24.6% compared to the same quarter last year. equities research analysts anticipate that Caterpillar, Inc. will post 6.44 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 20th. Stockholders of record on Monday, January 22nd will be paid a $0.78 dividend. The ex-dividend date of this dividend is Friday, January 19th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.08%. Caterpillar’s payout ratio is presently 216.67%.

CAT has been the subject of a number of research reports. BMO Capital Markets reissued a “buy” rating and set a $130.00 price objective on shares of Caterpillar in a research report on Friday, September 8th. Vetr cut Caterpillar from a “buy” rating to a “hold” rating and set a $122.53 price objective for the company. in a research report on Monday, September 11th. Jefferies Group reissued a “hold” rating and set a $100.00 price objective on shares of Caterpillar in a research report on Tuesday, August 29th. Credit Suisse Group reissued a “hold” rating and set a $133.00 price objective on shares of Caterpillar in a research report on Friday, September 22nd. Finally, Goldman Sachs Group lifted their price objective on Caterpillar from $143.00 to $158.00 and gave the company a “buy” rating in a research report on Monday, October 9th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and fourteen have given a buy rating to the company. Caterpillar currently has an average rating of “Hold” and a consensus target price of $139.14.

In other news, insider Bradley M. Halverson sold 2,600 shares of Caterpillar stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $137.67, for a total value of $357,942.00. Following the transaction, the insider now directly owns 5,214 shares in the company, valued at $717,811.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Lange Bob De sold 1,572 shares of Caterpillar stock in a transaction dated Thursday, October 26th. The stock was 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 in the company, valued at $1,526,587.68. The disclosure for this sale can be found here. Insiders sold 52,989 shares of company stock worth $7,235,850 over the last quarter. 0.14% of the stock is currently owned by corporate insiders.

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Caterpillar Company Profile

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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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