Town & Country Bank & Trust CO dba First Bankers Trust CO decreased its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 50.0% during the 1st quarter, HoldingsChannel.com reports. The fund owned 2,017 shares of the industrial products company’s stock after selling 2,017 shares during the period. Town & Country Bank & Trust CO dba First Bankers Trust CO’s holdings in Caterpillar were worth $273,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CAT. Vanguard Group Inc. grew its position in Caterpillar by 1.1% in the 3rd quarter. Vanguard Group Inc. now owns 49,811,616 shares of the industrial products company’s stock worth $7,595,773,000 after purchasing an additional 534,451 shares during the last quarter. Vanguard Group Inc grew its position in Caterpillar by 1.1% in the 3rd quarter. Vanguard Group Inc now owns 49,811,616 shares of the industrial products company’s stock worth $7,595,773,000 after purchasing an additional 534,451 shares during the last quarter. BlackRock Inc. grew its position in Caterpillar by 1.5% in the 4th quarter. BlackRock Inc. now owns 35,985,874 shares of the industrial products company’s stock worth $4,572,725,000 after purchasing an additional 529,926 shares during the last quarter. Oregon Public Employees Retirement Fund grew its position in Caterpillar by 6,835.4% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 9,054,500 shares of the industrial products company’s stock worth $71,000 after purchasing an additional 8,923,946 shares during the last quarter. Finally, Northern Trust Corp grew its position in Caterpillar by 1.9% in the 4th quarter. Northern Trust Corp now owns 7,379,026 shares of the industrial products company’s stock worth $937,652,000 after purchasing an additional 134,479 shares during the last quarter. Hedge funds and other institutional investors own 67.06% of the company’s stock.

Shares of NYSE:CAT opened at $141.20 on Monday. The company has a market cap of $81.27 billion, a P/E ratio of 12.58, a price-to-earnings-growth ratio of 0.73 and a beta of 1.46. Caterpillar Inc. has a 1-year low of $112.06 and a 1-year high of $161.60. The company has a quick ratio of 0.96, a current ratio of 1.37 and a debt-to-equity ratio of 1.78.

Caterpillar (NYSE:CAT) last issued its earnings results on Monday, January 28th. The industrial products company reported $2.55 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.98 by ($0.43). The business had revenue of $14.34 billion for the quarter, compared to the consensus estimate of $14.36 billion. Caterpillar had a return on equity of 45.31% and a net margin of 11.23%. The company’s quarterly revenue was up 11.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.16 earnings per share. As a group, sell-side analysts anticipate that Caterpillar Inc. will post 12.19 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, May 20th. Investors of record on Monday, April 22nd will be given a $0.86 dividend. The ex-dividend date of this dividend is Thursday, April 18th. This represents a $3.44 annualized dividend and a dividend yield of 2.44%. Caterpillar’s dividend payout ratio (DPR) is presently 30.66%.

Several research analysts have commented on the stock. Morgan Stanley set a $165.00 target price on shares of Caterpillar and gave the stock a “buy” rating in a research report on Wednesday, April 10th. Bank of America set a $152.00 price objective on shares of Caterpillar and gave the company a “buy” rating in a report on Thursday, April 4th. UBS Group set a $125.00 price objective on shares of Caterpillar and gave the company a “sell” rating in a report on Thursday, April 4th. Deutsche Bank cut shares of Caterpillar from a “buy” rating to a “hold” rating and decreased their price objective for the company from $152.00 to $128.00 in a report on Wednesday, April 3rd. Finally, Zacks Investment Research upgraded shares of Caterpillar from a “hold” rating to a “buy” rating and set a $157.00 price objective for the company in a report on Tuesday, April 2nd. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and fourteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $146.71.

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About Caterpillar

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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