Candriam Luxembourg S.C.A. decreased its position in Caterpillar, Inc. (NYSE:CAT) by 47.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 72,163 shares of the industrial products company’s stock after selling 64,372 shares during the quarter. Candriam Luxembourg S.C.A.’s holdings in Caterpillar were worth $7,755,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of CAT. Russell Investments Group Ltd. grew its position in Caterpillar by 4.8% in the first quarter. Russell Investments Group Ltd. now owns 679,422 shares of the industrial products company’s stock valued at $63,022,000 after acquiring an additional 31,218 shares in the last quarter. Financial Architects Inc grew 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 valued at $113,000 after acquiring an additional 65 shares in the last quarter. First Midwest Bank Trust Division grew its position in Caterpillar by 3.6% in the first quarter. First Midwest Bank Trust Division now owns 14,423 shares of the industrial products company’s stock valued at $1,338,000 after acquiring an additional 495 shares in the last quarter. Argyle Capital Management Inc. grew its position in Caterpillar by 0.3% in the first quarter. Argyle Capital Management Inc. now owns 30,000 shares of the industrial products company’s stock valued at $2,783,000 after acquiring an additional 100 shares in the last quarter. Finally, Hudock Capital Group LLC grew its position in Caterpillar by 9.5% in the first quarter. Hudock Capital Group LLC now owns 15,623 shares of the industrial products company’s stock valued at $1,449,000 after acquiring an additional 1,350 shares in the last quarter. 69.23% of the stock is owned by institutional investors.

Shares of Caterpillar, Inc. (NYSE CAT) opened at 121.37 on Friday. The company has a market capitalization of $71.73 billion, a PE ratio of 678.04 and a beta of 1.24. Caterpillar, Inc. has a 1-year low of $80.33 and a 1-year high of $121.57. The firm has a 50-day moving average price of $115.74 and a 200-day moving average price of $104.67.

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

In related news, insider Bradley M. Halverson sold 182,612 shares of the business’s stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $114.05, for a total value of $20,826,898.60. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director William A. Osborn sold 5,000 shares of the business’s stock in a transaction 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 sold 201,471 shares of company stock worth $22,979,332. 0.15% of the stock is owned by insiders.

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Several analysts have issued reports on the stock. BMO Capital Markets increased their price objective on shares of Caterpillar from $130.00 to $150.00 and gave the company an “outperform” rating in a research report on Thursday. Seaport Global Securities assumed coverage on shares of Caterpillar in a research report on Wednesday, September 6th. They issued a “neutral” rating and a $120.00 price objective for the company. ValuEngine raised shares of Caterpillar from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Vetr downgraded shares of Caterpillar from a “buy” rating to a “hold” rating and set a $122.53 price objective for the company. in a research report on Monday, September 4th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating on shares of Caterpillar in a research report on Tuesday, August 29th. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $111.74.

About Caterpillar

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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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