Seascape Capital Management Has $5.33 Million Stock Position in Caterpillar Inc. (NYSE:CAT)

Seascape Capital Management lessened its position in shares of Caterpillar Inc. (NYSE:CAT) by 2.7% during the 3rd quarter, Holdings Channel.com reports. The firm owned 13,628 shares of the industrial products company’s stock after selling 377 shares during the quarter. Caterpillar accounts for approximately 1.9% of Seascape Capital Management’s investment portfolio, making the stock its 13th largest holding. Seascape Capital Management’s holdings in Caterpillar were worth $5,330,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Bbjs Financial Advisors LLC bought a new stake in Caterpillar in the 2nd quarter valued at $28,000. Financial Connections Group Inc. acquired a new stake in shares of Caterpillar during the 2nd quarter valued at about $28,000. Capital Performance Advisors LLP bought a new stake in Caterpillar in the third quarter valued at about $36,000. Fairscale Capital LLC acquired a new position in Caterpillar in the second quarter worth about $36,000. Finally, POM Investment Strategies LLC lifted its stake in Caterpillar by 2,160.0% during the second quarter. POM Investment Strategies LLC now owns 113 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 108 shares during the period. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CAT has been the subject of a number of recent research reports. Evercore ISI dropped their target price on Caterpillar from $338.00 to $321.00 and set an “in-line” rating for the company in a report on Monday, August 19th. JPMorgan Chase & Co. upped their price target on Caterpillar from $435.00 to $500.00 and gave the company an “overweight” rating in a research report on Monday, October 14th. Morgan Stanley downgraded shares of Caterpillar from an “equal weight” rating to an “underweight” rating and reduced their target price for the company from $349.00 to $332.00 in a research note on Monday, October 14th. StockNews.com cut shares of Caterpillar from a “buy” rating to a “hold” rating in a research report on Tuesday, September 24th. Finally, Robert W. Baird boosted their price target on shares of Caterpillar from $299.00 to $300.00 and gave the company an “underperform” rating in a research report on Thursday, October 31st. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $362.40.

Caterpillar Stock Down 3.6 %

NYSE:CAT opened at $393.37 on Friday. The company has a market cap of $190.74 billion, a price-to-earnings ratio of 18.24, a P/E/G ratio of 1.85 and a beta of 1.10. Caterpillar Inc. has a 52-week low of $233.82 and a 52-week high of $418.50. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.86 and a current ratio of 1.40. The stock’s fifty day moving average price is $376.80 and its two-hundred day moving average price is $352.75.

Caterpillar (NYSE:CAT) last announced its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $5.17 earnings per share for the quarter, missing the consensus estimate of $5.33 by ($0.16). Caterpillar had a net margin of 16.26% and a return on equity of 59.09%. The business had revenue of $16.11 billion during the quarter, compared to analyst estimates of $16.37 billion. During the same quarter in the prior year, the company earned $5.52 earnings per share. The company’s quarterly revenue was down 4.2% on a year-over-year basis. On average, analysts anticipate that Caterpillar Inc. will post 21.77 EPS for the current year.

Caterpillar Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Monday, October 21st will be given a $1.41 dividend. The ex-dividend date is Monday, October 21st. This represents a $5.64 dividend on an annualized basis and a dividend yield of 1.43%. Caterpillar’s dividend payout ratio is 26.15%.

Insider Activity

In other Caterpillar news, insider Cheryl H. Johnson sold 2,975 shares of Caterpillar stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $342.48, for a total value of $1,018,878.00. Following the transaction, the insider now owns 15,615 shares of the company’s stock, valued at approximately $5,347,825.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, insider Cheryl H. Johnson sold 2,975 shares of the business’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $342.48, for a total value of $1,018,878.00. Following the sale, the insider now owns 15,615 shares of the company’s stock, valued at $5,347,825.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Anthony D. Fassino sold 3,185 shares of the company’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $351.36, for a total transaction of $1,119,081.60. Following the sale, the insider now directly owns 33,442 shares in the company, valued at $11,750,181.12. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 23,749 shares of company stock valued at $9,251,912 in the last quarter. Company insiders own 0.29% of the company’s stock.

About Caterpillar

Caterpillar Inc manufactures and sells construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives in worldwide. Its Construction Industries segment offers asphalt pavers, compactors, road reclaimers, forestry machines, cold planers, material handlers, track-type tractors, excavators, telehandlers, motor graders, and pipelayers; compact track, wheel, track-type, backhoe, and skid steer loaders; and related parts and tools.