Rhumbline Advisers Increases Stock Holdings in Caterpillar Inc. (NYSE:CAT)

Rhumbline Advisers raised its stake in Caterpillar Inc. (NYSE:CAT) by 2.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 930,360 shares of the industrial products company’s stock after purchasing an additional 23,518 shares during the period. Rhumbline Advisers owned 0.17% of Caterpillar worth $117,514,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Sound Income Strategies LLC grew its position in shares of Caterpillar by 23.5% during the second quarter. Sound Income Strategies LLC now owns 378 shares of the industrial products company’s stock worth $52,000 after acquiring an additional 72 shares during the last quarter. First Merchants Corp lifted its holdings in shares of Caterpillar by 0.4% during the second quarter. First Merchants Corp now owns 20,577 shares of the industrial products company’s stock worth $2,804,000 after purchasing an additional 75 shares during the period. LexAurum Advisors LLC lifted its holdings in shares of Caterpillar by 4.7% during the second quarter. LexAurum Advisors LLC now owns 1,700 shares of the industrial products company’s stock worth $232,000 after purchasing an additional 77 shares during the period. Claro Advisors LLC lifted its holdings in shares of Caterpillar by 3.5% during the second quarter. Claro Advisors LLC now owns 2,341 shares of the industrial products company’s stock worth $319,000 after purchasing an additional 79 shares during the period. Finally, First Command Financial Services Inc. lifted its holdings in shares of Caterpillar by 2.9% during the third quarter. First Command Financial Services Inc. now owns 2,815 shares of the industrial products company’s stock worth $356,000 after purchasing an additional 80 shares during the period. Institutional investors own 64.97% of the company’s stock.

In other Caterpillar news, General Counsel Suzette M. Long sold 5,019 shares of the firm’s stock in a transaction on Monday, September 30th. The stock was sold at an average price of $126.34, for a total value of $634,100.46. Following the completion of the sale, 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 filing with the SEC, which is available through this hyperlink. 0.37% of the stock is currently owned by company insiders.

Several equities research analysts recently weighed in on the company. Goldman Sachs Group downgraded Caterpillar from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $156.00 to $130.00 in a report on Wednesday, August 7th. Cleveland Research reaffirmed a “hold” rating on shares of Caterpillar in a report on Monday, September 30th. Morgan Stanley downgraded Caterpillar from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $150.00 to $145.00 in a report on Friday, October 18th. Stephens assumed coverage on Caterpillar in a report on Wednesday, August 14th. They set an “underweight” rating and a $100.00 price target for the company. Finally, Credit Suisse Group reaffirmed a “buy” rating and set a $150.00 price target on shares of Caterpillar in a report on Thursday. Five equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nine have issued a buy rating to the company. Caterpillar currently has an average rating of “Hold” and a consensus target price of $135.56.

Caterpillar stock traded down $1.25 during midday trading on Thursday, reaching $134.09. The company’s stock had a trading volume of 356,180 shares, compared to its average volume of 3,413,593. Caterpillar Inc. has a fifty-two week low of $111.75 and a fifty-two week high of $144.77. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.00 and a current ratio of 1.43. The stock’s 50 day simple moving average is $126.93 and its 200 day simple moving average is $128.95. The firm has a market capitalization of $75.21 billion, a PE ratio of 11.95, a P/E/G ratio of 0.96 and a beta of 1.52.

Caterpillar (NYSE:CAT) last released its earnings results on Wednesday, October 23rd. The industrial products company reported $2.66 EPS for the quarter, missing analysts’ consensus estimates of $2.82 by ($0.16). Caterpillar had a net margin of 11.26% and a return on equity of 43.35%. The business had revenue of $12.76 billion during the quarter, compared to analyst estimates of $13.49 billion. During the same period last year, the business posted $2.86 EPS. Caterpillar’s revenue was down 5.6% compared to the same quarter last year. Equities analysts predict that Caterpillar Inc. will post 11.58 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders 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 yield of 3.07%. The ex-dividend date of this dividend is Friday, October 18th. Caterpillar’s dividend payout ratio (DPR) is currently 36.72%.

Caterpillar 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.

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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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