Two Sigma Securities LLC acquired a new position in Caterpillar, Inc. (NYSE:CAT) during the first quarter, Holdings Channel reports. The firm acquired 22,045 shares of the industrial products company’s stock, valued at approximately $2,045,000.

Several other institutional investors also recently bought and sold shares of the company. Howe & Rusling Inc. raised its position in Caterpillar by 52.0% in the first quarter. Howe & Rusling Inc. now owns 1,087 shares of the industrial products company’s stock worth $101,000 after buying an additional 372 shares in the last quarter. First Personal Financial Services raised its position in Caterpillar by 167.4% in the first quarter. First Personal Financial Services now owns 1,198 shares of the industrial products company’s stock worth $111,000 after buying an additional 750 shares in the last quarter. Harfst & Associates Inc. bought a new position in Caterpillar during the first quarter worth approximately $111,000. Financial Architects Inc raised its position in Caterpillar by 5.7% in the first quarter. Financial Architects Inc now owns 1,215 shares of the industrial products company’s stock worth $113,000 after buying an additional 65 shares in the last quarter. Finally, Ledyard National Bank raised its position in Caterpillar by 145.7% in the first quarter. Ledyard National Bank now owns 1,425 shares of the industrial products company’s stock worth $132,000 after buying an additional 845 shares in the last quarter. 70.53% of the stock is currently owned by institutional investors.

Shares of Caterpillar, Inc. (CAT) traded down 0.64% during mid-day trading on Thursday, reaching $113.61. The company had a trading volume of 782,977 shares. Caterpillar, Inc. has a one year low of $79.93 and a one year high of $115.46. The firm has a 50 day moving average of $109.24 and a 200-day moving average of $100.97. The stock has a market capitalization of $67.14 billion, a P/E ratio of 634.69 and a beta of 1.25.

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

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

TRADEMARK VIOLATION NOTICE: “Two Sigma Securities LLC Takes Position in Caterpillar, Inc. (NYSE:CAT)” was originally reported by Daily Political and is the property of of Daily Political. If you are reading this piece of content on another site, it was stolen and republished in violation of US & international trademark and copyright law. The original version of this piece of content can be viewed at https://www.dailypolitical.com/2017/08/10/two-sigma-securities-llc-takes-position-in-caterpillar-inc-nysecat.html.

CAT has been the topic of several recent analyst reports. UBS AG reissued a “neutral” rating and issued a $102.00 price target (up from $98.00) on shares of Caterpillar in a research note on Friday, April 28th. Atlantic Securities raised Caterpillar from an “underweight” rating to a “neutral” rating and boosted their price target for the company from $85.00 to $115.00 in a research note on Thursday, August 3rd. Argus reissued a “buy” rating and issued a $113.10 price target (down from $130.00) on shares of Caterpillar in a research note on Wednesday, August 2nd. Stifel Nicolaus reissued a “hold” rating and issued a $125.00 price target on shares of Caterpillar in a research note on Sunday, July 30th. Finally, Axiom Securities reissued a “sell” rating on shares of Caterpillar in a research note on Wednesday, July 26th. 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 given a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $106.56.

In other news, insider Suzette M. Long sold 13,859 shares of the company’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $114.30, for a total transaction of $1,584,083.70. Following the transaction, the insider now owns 18,188 shares of the company’s stock, valued at $2,078,888.40. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director William A. Osborn sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $113.67, for a total value of $568,350.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 201,471 shares of company stock worth $22,979,332. Insiders own 0.15% of the company’s stock.

About Caterpillar

Want to see what other hedge funds are holding CAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Caterpillar, Inc. (NYSE:CAT).

Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

Receive News & Ratings for Caterpillar Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Caterpillar Inc. and related companies with MarketBeat.com's FREE daily email newsletter.