Neuberger Berman Group LLC lowered its holdings in Caterpillar, Inc. (NYSE:CAT) by 31.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 194,541 shares of the industrial products company’s stock after selling 89,610 shares during the period. Neuberger Berman Group LLC’s holdings in Caterpillar were worth $20,905,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in CAT. Minneapolis Portfolio Management Group LLC increased its position in shares of Caterpillar by 4.7% in the first quarter. Minneapolis Portfolio Management Group LLC now owns 188,873 shares of the industrial products company’s stock worth $17,520,000 after acquiring an additional 8,542 shares in the last quarter. DekaBank Deutsche Girozentrale grew its holdings in Caterpillar by 4.9% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 161,413 shares of the industrial products company’s stock valued at $15,154,000 after purchasing an additional 7,542 shares in the last quarter. Daiwa Securities Group Inc. grew its holdings in Caterpillar by 212.2% during the 1st quarter. Daiwa Securities Group Inc. now owns 210,532 shares of the industrial products company’s stock valued at $19,528,000 after purchasing an additional 143,092 shares in the last quarter. Girard Partners LTD. grew its holdings in Caterpillar by 26.9% during the 1st quarter. Girard Partners LTD. now owns 7,127 shares of the industrial products company’s stock valued at $661,000 after purchasing an additional 1,510 shares in the last quarter. Finally, Henderson Group PLC grew its holdings in Caterpillar by 0.6% during the 1st quarter. Henderson Group PLC now owns 168,943 shares of the industrial products company’s stock valued at $15,672,000 after purchasing an additional 1,000 shares in the last quarter. 69.24% of the stock is owned by institutional investors.

In related news, Director William A. Osborn sold 5,000 shares of the stock in a transaction on Friday, July 28th. The stock was sold at an average price of $113.67, for a total value of $568,350.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Suzette M. Long sold 13,859 shares of the stock in a transaction on Friday, August 4th. The shares were sold at an average price of $114.30, for a total value of $1,584,083.70. Following the completion of the sale, the insider now owns 18,188 shares in the company, valued at approximately $2,078,888.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 201,471 shares of company stock worth $22,979,332. 0.14% of the stock is owned by company insiders.

A number of research firms have commented on CAT. BidaskClub upgraded shares of Caterpillar from a “hold” rating to a “buy” rating in a research note on Saturday, July 1st. Seaport Global Securities began coverage on shares of Caterpillar in a research note on Wednesday, September 6th. They set a “neutral” rating and a $120.00 price objective on the stock. Wells Fargo & Company reiterated an “outperform” rating on shares of Caterpillar in a research note on Wednesday, July 26th. Vetr downgraded shares of Caterpillar from a “buy” rating to a “hold” rating and set a $120.03 price objective on the stock. in a research note on Tuesday, August 22nd. Finally, Credit Suisse Group set a $123.00 price objective on shares of Caterpillar and gave the company a “buy” rating in a research note on Tuesday, July 25th. Two investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. Caterpillar currently has an average rating of “Hold” and a consensus target price of $114.03.

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Caterpillar, Inc. (NYSE:CAT) opened at 126.93 on Friday. The company’s 50-day moving average is $120.60 and its 200-day moving average is $107.99. Caterpillar, Inc. has a 12 month low of $80.33 and a 12 month high of $127.09. The company has a market cap of $75.01 billion, a price-to-earnings ratio of 709.11 and a beta of 1.26.

Caterpillar (NYSE:CAT) last posted its quarterly earnings results on Tuesday, July 25th. The industrial products company reported $1.49 earnings per share for the quarter, beating analysts’ consensus estimates of $1.26 by $0.23. Caterpillar had a return on equity of 18.52% and a net margin of 0.27%. The business had revenue of $11.33 billion for the quarter, compared to analysts’ expectations of $10.96 billion. During the same quarter in the prior year, the business earned $1.09 EPS. The firm’s revenue for the quarter was up 9.6% on a year-over-year basis. On average, equities research analysts anticipate that Caterpillar, Inc. will post $5.25 earnings per share for the current year.

Caterpillar Profile

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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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