Cambridge Investment Research Advisors Inc. cut its position in Caterpillar, Inc. (NYSE:CAT) by 5.7% during the first quarter, Holdings Channel reports. The firm owned 86,374 shares of the industrial products company’s stock after selling 5,249 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Caterpillar were worth $8,012,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Caterpillar by 3.6% in the first quarter. Vanguard Group Inc. now owns 38,847,552 shares of the industrial products company’s stock worth $3,603,500,000 after buying an additional 1,342,984 shares during the last quarter. FMR LLC boosted its stake in shares of Caterpillar by 11.4% in the first quarter. FMR LLC now owns 17,561,361 shares of the industrial products company’s stock worth $1,628,992,000 after buying an additional 1,798,312 shares during the last quarter. Primecap Management Co. CA boosted its stake in shares of Caterpillar by 16.9% in the first quarter. Primecap Management Co. CA now owns 7,259,063 shares of the industrial products company’s stock worth $673,351,000 after buying an additional 1,047,922 shares during the last quarter. American International Group Inc. boosted its stake in shares of Caterpillar by 1.1% in the first quarter. American International Group Inc. now owns 5,275,443 shares of the industrial products company’s stock worth $489,350,000 after buying an additional 58,942 shares during the last quarter. Finally, Legal & General Group Plc boosted its stake in shares of Caterpillar by 2.9% in the first quarter. Legal & General Group Plc now owns 2,925,930 shares of the industrial products company’s stock worth $271,406,000 after buying an additional 81,586 shares during the last quarter. 70.53% of the stock is currently owned by institutional investors.

Caterpillar, Inc. (NYSE CAT) traded up 0.51% during mid-day trading on Wednesday, reaching $114.99. 826,450 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $108.62 and its 200 day moving average price is $100.47. The firm has a market cap of $67.87 billion, a price-to-earnings ratio of 642.40 and a beta of 1.25. Caterpillar, Inc. has a one year low of $79.93 and a one year high of $115.20.

Caterpillar (NYSE:CAT) last announced its quarterly earnings results on Tuesday, July 25th. The industrial products company reported $1.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.26 by $0.23. The company had revenue of $11.33 billion for the quarter, compared to the consensus estimate of $10.96 billion. Caterpillar had a net margin of 0.27% and a return on equity of 18.52%. Caterpillar’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.09 EPS. On average, equities analysts forecast that Caterpillar, Inc. will post $5.24 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Saturday, August 19th. Shareholders of record on Thursday, July 20th will be issued a $0.78 dividend. This is an increase from Caterpillar’s previous quarterly dividend of $0.77. This represents a $3.12 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date of this dividend is Tuesday, July 18th. Caterpillar’s payout ratio is currently 2,080.00%.

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A number of brokerages have issued reports on CAT. Atlantic Securities raised shares of Caterpillar from an “underweight” rating to a “neutral” rating and boosted their target price for the company from $85.00 to $115.00 in a report on Thursday, August 3rd. Argus reissued a “buy” rating and set a $113.10 target price (down previously from $130.00) on shares of Caterpillar in a report on Wednesday, August 2nd. Tigress Financial raised shares of Caterpillar from a “neutral” rating to a “buy” rating in a report on Monday, July 31st. Stifel Nicolaus reissued a “hold” rating and set a $125.00 target price on shares of Caterpillar in a report on Sunday, July 30th. Finally, Bank of America Corporation reissued a “buy” rating and set a $135.00 target price (up previously from $120.00) on shares of Caterpillar in a report on Thursday, July 27th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $106.56.

In other Caterpillar news, insider Suzette M. Long sold 13,859 shares of Caterpillar stock in a transaction on Friday, August 4th. The shares were sold at an average price of $114.30, for a total value of $1,584,083.70. Following the sale, the insider now directly owns 18,188 shares in the company, valued at approximately $2,078,888.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Bradley M. Halverson sold 182,612 shares of Caterpillar stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $114.05, for a total transaction of $20,826,898.60. The disclosure for this sale can be found here. Over the last quarter, insiders sold 201,471 shares of company stock worth $22,979,332. 0.15% of the stock is currently owned by insiders.

Caterpillar Company Profile

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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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