Caterpillar Inc. (NYSE:CAT) Holdings Reduced by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC decreased its position in Caterpillar Inc. (NYSE:CAT) by 52.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 231,387 shares of the industrial products company’s stock after selling 251,919 shares during the period. Los Angeles Capital Management LLC’s holdings in Caterpillar were worth $90,500,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Stockman Wealth Management Inc. grew its position in Caterpillar by 2.7% in the 3rd quarter. Stockman Wealth Management Inc. now owns 36,980 shares of the industrial products company’s stock worth $14,464,000 after purchasing an additional 965 shares during the last quarter. Meritage Portfolio Management bought a new position in Caterpillar in the 3rd quarter worth about $242,000. Crossmark Global Holdings Inc. grew its position in Caterpillar by 3.9% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 47,570 shares of the industrial products company’s stock worth $18,606,000 after purchasing an additional 1,787 shares during the last quarter. Tyler Stone Wealth Management grew its position in Caterpillar by 139.3% in the 3rd quarter. Tyler Stone Wealth Management now owns 2,206 shares of the industrial products company’s stock worth $863,000 after purchasing an additional 1,284 shares during the last quarter. Finally, Baker Avenue Asset Management LP boosted its holdings in shares of Caterpillar by 2.3% in the third quarter. Baker Avenue Asset Management LP now owns 50,935 shares of the industrial products company’s stock valued at $19,922,000 after acquiring an additional 1,157 shares in the last quarter. Institutional investors own 70.98% of the company’s stock.

Insider Buying and Selling at Caterpillar

In other Caterpillar news, insider Anthony D. Fassino sold 3,185 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $351.36, for a total value of $1,119,081.60. Following the transaction, the insider now owns 33,442 shares in the company, valued at approximately $11,750,181.12. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CAO William E. Schaupp sold 968 shares of the stock in a transaction on Friday, November 1st. The shares were sold at an average price of $380.98, for a total transaction of $368,788.64. Following the transaction, the chief accounting officer now owns 1,686 shares in the company, valued at $642,332.28. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Anthony D. Fassino sold 3,185 shares of the stock in a transaction on Friday, August 30th. The stock was sold at an average price of $351.36, for a total transaction of $1,119,081.60. Following the transaction, the insider now owns 33,442 shares in the company, valued at approximately $11,750,181.12. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 23,749 shares of company stock worth $9,251,912. 0.29% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms have recently issued reports on CAT. Barclays increased their price objective on shares of Caterpillar from $315.00 to $335.00 and gave the company an “equal weight” rating in a report on Wednesday, August 7th. UBS Group increased their price objective on shares of Caterpillar from $285.00 to $295.00 and gave the company a “sell” rating in a report on Monday, November 4th. Morgan Stanley cut shares of Caterpillar from an “equal weight” rating to an “underweight” rating and decreased their price objective for the company from $349.00 to $332.00 in a report on Monday, October 14th. JPMorgan Chase & Co. increased their price objective on shares of Caterpillar from $435.00 to $500.00 and gave the company an “overweight” rating in a report on Monday, October 14th. Finally, Bank of America increased their price objective on shares of Caterpillar from $376.00 to $434.00 and gave the company a “buy” rating in a report on Monday, September 30th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $362.40.

Caterpillar Trading Down 3.6 %

Shares of NYSE:CAT traded down $14.84 during mid-day trading on Friday, hitting $393.37. The stock had a trading volume of 3,345,862 shares, compared to its average volume of 2,292,855. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.86 and a current ratio of 1.40. The company has a market cap of $190.75 billion, a PE ratio of 18.24, a P/E/G ratio of 2.06 and a beta of 1.10. Caterpillar Inc. has a 12-month low of $233.82 and a 12-month high of $418.50. The company’s 50 day moving average is $376.80 and its 200-day moving average is $352.67.

Caterpillar (NYSE:CAT) last issued its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $5.17 EPS for the quarter, missing the consensus estimate of $5.33 by ($0.16). The firm had revenue of $16.11 billion during the quarter, compared to analysts’ expectations of $16.37 billion. Caterpillar had a net margin of 16.26% and a return on equity of 59.09%. The firm’s revenue was down 4.2% compared to the same quarter last year. During the same quarter last year, the company posted $5.52 EPS. On average, sell-side analysts predict that Caterpillar Inc. will post 21.69 EPS for the current year.

Caterpillar Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Monday, October 21st will be paid a $1.41 dividend. The ex-dividend date is Monday, October 21st. This represents a $5.64 annualized dividend and a yield of 1.43%. Caterpillar’s dividend payout ratio is presently 26.15%.

Caterpillar Company Profile

Caterpillar Inc manufactures and sells construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives in worldwide. Its Construction Industries segment offers asphalt pavers, compactors, road reclaimers, forestry machines, cold planers, material handlers, track-type tractors, excavators, telehandlers, motor graders, and pipelayers; compact track, wheel, track-type, backhoe, and skid steer loaders; and related parts and tools.