Harel Insurance Investments & Financial Services Ltd. Decreases Holdings in Caterpillar Inc. (CAT)

Harel Insurance Investments & Financial Services Ltd. lessened its holdings in Caterpillar Inc. (NYSE:CAT) by 10.7% in the third quarter, HoldingsChannel.com reports. The firm owned 9,186 shares of the industrial products company’s stock after selling 1,097 shares during the period. Harel Insurance Investments & Financial Services Ltd.’s holdings in Caterpillar were worth $1,401,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Acropolis Investment Management LLC acquired a new position in shares of Caterpillar during the third quarter valued at $100,000. Sound Income Strategies LLC boosted its holdings in shares of Caterpillar by 181.8% during the third quarter. Sound Income Strategies LLC now owns 665 shares of the industrial products company’s stock valued at $101,000 after acquiring an additional 429 shares during the period. St. Johns Investment Management Company LLC acquired a new position in shares of Caterpillar during the third quarter valued at $106,000. Avestar Capital LLC boosted its holdings in shares of Caterpillar by 92.3% during the second quarter. Avestar Capital LLC now owns 994 shares of the industrial products company’s stock valued at $109,000 after acquiring an additional 477 shares during the period. Finally, Landaas & Co. WI ADV acquired a new position in shares of Caterpillar during the second quarter valued at $130,000. 66.54% of the stock is owned by hedge funds and other institutional investors.

CAT stock opened at $113.98 on Tuesday. The stock has a market capitalization of $68.38 billion, a P/E ratio of 16.57, a P/E/G ratio of 0.63 and a beta of 1.37. Caterpillar Inc. has a fifty-two week low of $112.06 and a fifty-two week high of $173.24. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.48 and a quick ratio of 1.02.



Caterpillar (NYSE:CAT) last posted its quarterly earnings data on Tuesday, October 23rd. The industrial products company reported $2.86 earnings per share for the quarter, topping the consensus estimate of $2.83 by $0.03. The business had revenue of $13.51 billion during the quarter, compared to the consensus estimate of $13.28 billion. Caterpillar had a net margin of 7.13% and a return on equity of 44.13%. The company’s quarterly revenue was up 18.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.95 earnings per share. On average, analysts anticipate that Caterpillar Inc. will post 11.62 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 20th. Investors of record on Monday, October 22nd will be issued a $0.86 dividend. This represents a $3.44 annualized dividend and a yield of 3.02%. The ex-dividend date of this dividend is Friday, October 19th. Caterpillar’s payout ratio is currently 50.00%.

In related news, insider Denise C. Johnson sold 35,051 shares of the company’s stock in a transaction dated Tuesday, October 2nd. The shares were sold at an average price of $154.18, for a total value of $5,404,163.18. Following the completion of the sale, the insider now owns 22,826 shares of the company’s stock, valued at $3,519,312.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.36% of the company’s stock.

CAT has been the subject of several analyst reports. Stifel Nicolaus reduced their price target on shares of Caterpillar from $174.00 to $168.00 and set a “hold” rating for the company in a report on Tuesday, August 7th. Credit Suisse Group reduced their price target on shares of Caterpillar from $210.00 to $183.00 and set an “outperform” rating for the company in a report on Wednesday, October 24th. UBS Group set a $185.00 price target on shares of Caterpillar and gave the company a “buy” rating in a report on Wednesday, September 5th. Wells Fargo & Co set a $145.00 price target on shares of Caterpillar and gave the company a “buy” rating in a report on Wednesday, October 24th. Finally, Robert W. Baird set a $171.00 price target on shares of Caterpillar and gave the company a “buy” rating in a report on Wednesday, October 24th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the stock. Caterpillar currently has an average rating of “Buy” and an average price target of $158.55.

Caterpillar Company Profile

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

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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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