Caterpillar Inc. (NYSE:CAT) Shares Sold by Intellectus Partners LLC

Intellectus Partners LLC trimmed its stake in shares of Caterpillar Inc. (NYSE:CAT) by 5.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,439 shares of the industrial products company’s stock after selling 519 shares during the quarter. Intellectus Partners LLC’s holdings in Caterpillar were worth $1,066,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Caterpillar by 0.8% in the 2nd quarter. Vanguard Group Inc. now owns 50,200,890 shares of the industrial products company’s stock valued at $6,841,880,000 after buying an additional 411,655 shares during the period. Primecap Management Co. CA raised its holdings in shares of Caterpillar by 0.5% in the 2nd quarter. Primecap Management Co. CA now owns 9,398,329 shares of the industrial products company’s stock valued at $1,280,898,000 after purchasing an additional 46,928 shares during the period. Sanders Capital LLC raised its holdings in shares of Caterpillar by 31.5% in the 2nd quarter. Sanders Capital LLC now owns 6,243,500 shares of the industrial products company’s stock valued at $958,477,000 after purchasing an additional 1,496,100 shares during the period. Nuveen Asset Management LLC raised its holdings in shares of Caterpillar by 1,092.5% in the 2nd quarter. Nuveen Asset Management LLC now owns 4,518,229 shares of the industrial products company’s stock valued at $615,789,000 after purchasing an additional 4,139,332 shares during the period. Finally, Morgan Stanley raised its holdings 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 valued at $595,189,000 after purchasing an additional 174,165 shares during the period. Institutional investors and hedge funds own 64.95% of the company’s stock.

CAT stock traded up $5.86 during trading on Friday, hitting $128.55. 1,633,022 shares of the stock traded hands, compared to its average volume of 3,535,161. Caterpillar Inc. has a 1 year low of $111.75 and a 1 year high of $145.89. The firm’s 50 day moving average is $123.20 and its two-hundred day moving average is $129.21. The stock has a market cap of $66.37 billion, a price-to-earnings ratio of 11.46, a price-to-earnings-growth ratio of 0.84 and a beta of 1.52. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.43 and a quick ratio of 1.00.



Caterpillar (NYSE:CAT) last announced its quarterly earnings data 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 net margin of 11.26% and a return on equity of 43.35%. The firm had revenue of $14.43 billion for the quarter, compared to analysts’ expectations of $14.47 billion. During the same period last year, the company posted $2.97 earnings per share. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. As a group, analysts anticipate that Caterpillar Inc. will post 11.59 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Monday, October 21st will be issued a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date is Friday, October 18th. Caterpillar’s payout ratio is 36.72%.

CAT has been the topic of a number of research analyst reports. Royal Bank of Canada reaffirmed a “hold” rating on shares of Caterpillar in a report on Wednesday, August 14th. Morgan Stanley dropped their target price on shares of Caterpillar from $155.00 to $150.00 and set an “overweight” rating on the stock in a report on Wednesday. Atlantic Securities cut shares of Caterpillar from a “neutral” rating to an “underweight” rating in a report on Friday, June 21st. Cleveland Research reissued a “hold” rating on shares of Caterpillar in a report on Monday, September 30th. Finally, Buckingham Research cut shares of Caterpillar from a “buy” rating to a “neutral” rating and lowered their price target for the company from $162.00 to $140.00 in a report on Thursday, July 25th. Four analysts have rated the stock with a sell rating, fourteen have given a hold rating and ten have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $137.66.

In related news, General Counsel Suzette M. Long sold 5,019 shares of the firm’s stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $126.34, for a total value of $634,100.46. Following the transaction, the general counsel now owns 12,569 shares of the company’s stock, valued at $1,587,967.46. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.37% of the company’s stock.

Caterpillar Company Profile

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.

Further Reading: Momentum Investing

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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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