Caterpillar Inc. (NYSE:CAT) Shares Sold by Charles Schwab Trust Co

Charles Schwab Trust Co lowered its stake in Caterpillar Inc. (NYSE:CATGet Rating) by 4.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,800 shares of the industrial products company’s stock after selling 173 shares during the period. Charles Schwab Trust Co’s holdings in Caterpillar were worth $847,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the business. Capital World Investors raised its position in Caterpillar by 11.6% in the 4th quarter. Capital World Investors now owns 13,262,687 shares of the industrial products company’s stock valued at $2,741,910,000 after purchasing an additional 1,373,656 shares in the last quarter. Geode Capital Management LLC grew its stake in Caterpillar by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 8,619,170 shares of the industrial products company’s stock worth $1,776,940,000 after buying an additional 52,169 shares during the last quarter. Fisher Asset Management LLC grew its stake in Caterpillar by 2.5% during the 4th quarter. Fisher Asset Management LLC now owns 7,004,189 shares of the industrial products company’s stock worth $1,448,046,000 after buying an additional 168,085 shares during the last quarter. Norges Bank purchased a new position in Caterpillar during the 4th quarter worth approximately $1,103,021,000. Finally, Invesco Ltd. grew its stake in Caterpillar by 15.2% during the 4th quarter. Invesco Ltd. now owns 4,864,120 shares of the industrial products company’s stock worth $1,005,607,000 after buying an additional 643,392 shares during the last quarter. 67.44% of the stock is currently owned by institutional investors.

Shares of CAT traded down $6.51 during mid-day trading on Thursday, hitting $181.32. The company’s stock had a trading volume of 102,962 shares, compared to its average volume of 2,671,653. The company has a current ratio of 1.44, a quick ratio of 0.93 and a debt-to-equity ratio of 1.48. The firm has a 50-day simple moving average of $212.90 and a 200 day simple moving average of $210.54. The firm has a market capitalization of $96.71 billion, a P/E ratio of 15.35, a P/E/G ratio of 1.29 and a beta of 0.94. Caterpillar Inc. has a 1-year low of $179.67 and a 1-year high of $237.90.

Caterpillar (NYSE:CATGet Rating) last posted its quarterly earnings results on Thursday, April 28th. The industrial products company reported $2.88 EPS for the quarter, beating the consensus estimate of $2.66 by $0.22. The business had revenue of $13.60 billion during the quarter, compared to analysts’ expectations of $13.49 billion. Caterpillar had a return on equity of 35.10% and a net margin of 12.33%. The company’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same period last year, the firm earned $2.87 EPS. As a group, sell-side analysts predict that Caterpillar Inc. will post 12.64 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 19th. Investors of record on Wednesday, July 20th will be issued a dividend of $1.20 per share. The ex-dividend date of this dividend is Tuesday, July 19th. This is a boost from Caterpillar’s previous quarterly dividend of $1.11. This represents a $4.80 annualized dividend and a yield of 2.65%. Caterpillar’s payout ratio is currently 37.22%.

A number of research firms recently issued reports on CAT. Wells Fargo & Company began coverage on Caterpillar in a research note on Friday, March 11th. They set an “equal weight” rating and a $231.00 price target on the stock. StockNews.com started coverage on Caterpillar in a research report on Thursday, March 31st. They set a “hold” rating for the company. Robert W. Baird reaffirmed an “outperform” rating and set a $280.00 price objective on shares of Caterpillar in a research report on Thursday, May 19th. Tigress Financial increased their price objective on Caterpillar from $278.00 to $282.00 and gave the stock a “buy” rating in a research report on Friday, May 20th. Finally, Jefferies Financial Group raised Caterpillar from a “hold” rating to a “buy” rating and increased their price objective for the stock from $215.00 to $260.00 in a research report on Tuesday, March 8th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, Caterpillar has an average rating of “Moderate Buy” and a consensus price target of $243.50.

In related news, insider Joseph E. Creed sold 5,004 shares of Caterpillar stock in a transaction on Wednesday, April 20th. The stock was sold at an average price of $235.00, for a total transaction of $1,175,940.00. Following the completion of the transaction, the insider now directly owns 2,757 shares of the company’s stock, valued at $647,895. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director David Maclennan purchased 600 shares of the company’s stock in a transaction on Thursday, May 5th. The shares were bought at an average cost of $219.82 per share, with a total value of $131,892.00. Following the transaction, the director now directly owns 2,480 shares of the company’s stock, valued at approximately $545,153.60. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 11,577 shares of company stock valued at $2,663,056. 0.18% of the stock is currently owned by insiders.

About Caterpillar (Get Rating)

Caterpillar Inc manufactures and sells construction and mining equipment, diesel and natural gas engines, and industrial gas turbines worldwide. Its Construction Industries segment offers asphalt pavers, backhoe loaders, compactors, cold planers, compact track and multi-terrain loaders, excavators, motorgraders, pipelayers, road reclaimers, site prep tractors, skid steer loaders, telehandlers, and utility vehicles; mini, small, medium, and large excavators; compact, small, and medium wheel loaders; track-type tractors and loaders; and wheel excavators.

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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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