Waddell & Reed Financial Inc. Decreases Stake in Caterpillar Inc. (NYSE:CAT)

Waddell & Reed Financial Inc. reduced its stake in Caterpillar Inc. (NYSE:CAT) by 5.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 773,080 shares of the industrial products company’s stock after selling 40,806 shares during the period. Waddell & Reed Financial Inc. owned about 0.14% of Caterpillar worth $105,363,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in CAT. Morgan Stanley grew its position in shares of Caterpillar by 4.2% in the 2nd quarter. Morgan Stanley now owns 4,367,073 shares of the industrial products company’s stock worth $595,189,000 after buying an additional 174,165 shares during the last quarter. Weiss Asset Management LP bought a new stake in shares of Caterpillar in the 1st quarter worth approximately $200,000. Manning & Napier Group LLC grew its position in shares of Caterpillar by 30.4% in the 2nd quarter. Manning & Napier Group LLC now owns 152,404 shares of the industrial products company’s stock worth $20,770,000 after buying an additional 35,530 shares during the last quarter. Atalanta Sosnoff Capital LLC grew its position in shares of Caterpillar by 3.6% in the 2nd quarter. Atalanta Sosnoff Capital LLC now owns 3,487 shares of the industrial products company’s stock worth $475,000 after buying an additional 120 shares during the last quarter. Finally, Krueger & Catalano Capital Partners LLC grew its position in shares of Caterpillar by 6.4% in the 2nd quarter. Krueger & Catalano Capital Partners LLC now owns 4,892 shares of the industrial products company’s stock worth $667,000 after buying an additional 293 shares during the last quarter. 64.95% of the stock is currently owned by institutional investors and hedge funds.

Caterpillar stock traded up $0.60 during mid-day trading on Wednesday, hitting $126.59. The company had a trading volume of 250,465 shares, compared to its average volume of 4,092,961. The company has a current ratio of 1.43, a quick ratio of 1.00 and a debt-to-equity ratio of 1.66. The stock’s 50 day moving average price is $121.77 and its two-hundred day moving average price is $130.00. Caterpillar Inc. has a 12 month low of $111.75 and a 12 month high of $159.37. The company has a market capitalization of $72.10 billion, a PE ratio of 11.28, a price-to-earnings-growth ratio of 0.91 and a beta of 1.54.



Caterpillar (NYSE:CAT) last released its earnings results on Wednesday, July 24th. The industrial products company reported $2.83 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $3.12 by ($0.29). Caterpillar had a return on equity of 43.35% and a net margin of 11.26%. The company had revenue of $14.43 billion during the quarter, compared to the consensus estimate of $14.47 billion. During the same period last year, the firm posted $2.97 earnings per share. The company’s revenue was up 3.0% compared to the same quarter last year. Equities research analysts anticipate that Caterpillar Inc. will post 11.71 EPS for the current year.

A number of equities research analysts have recently weighed in on CAT shares. Atlantic Securities lowered Caterpillar from a “neutral” rating to an “underweight” rating in a research report on Friday, June 21st. Wells Fargo & Co lowered Caterpillar from an “outperform” rating to a “market perform” rating and set a $143.00 price target on the stock. in a research report on Wednesday, September 11th. Macquarie set a $115.00 price target on Caterpillar and gave the company a “sell” rating in a research report on Tuesday, June 11th. ValuEngine lowered Caterpillar from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Finally, Citigroup dropped their price target on Caterpillar from $150.00 to $145.00 and set a “buy” rating on the stock in a research report on Tuesday. Five research analysts have rated the stock with a sell rating, thirteen have given a hold rating and ten have given a buy rating to the company. Caterpillar currently has a consensus rating of “Hold” and a consensus price target of $138.52.

About Caterpillar

Caterpillar, Inc engages in the manufacture of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. It operates through the following segments: Construction Industries, Resource Industries, Energy and Transportation, Financial Products, and All Other.

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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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