Burney Co. trimmed its position in shares of Caterpillar, Inc. (NYSE:CAT) by 29.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,823 shares of the industrial products company’s stock after selling 9,337 shares during the period. Burney Co.’s holdings in Caterpillar were worth $2,411,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Baker Ellis Asset Management LLC bought a new position in Caterpillar in the second quarter worth about $104,000. Motco raised its stake in Caterpillar by 264.9% in the second quarter. Motco now owns 989 shares of the industrial products company’s stock worth $106,000 after buying an additional 718 shares in the last quarter. Reilly Financial Advisors LLC raised its stake in Caterpillar by 92.9% in the second quarter. Reilly Financial Advisors LLC now owns 1,111 shares of the industrial products company’s stock worth $119,000 after buying an additional 535 shares in the last quarter. Harbour Capital Advisors LLC bought a new position in Caterpillar in the first quarter worth about $107,000. Finally, Chicago Partners Investment Group LLC raised its stake in Caterpillar by 75.6% in the second quarter. Chicago Partners Investment Group LLC now owns 1,152 shares of the industrial products company’s stock worth $118,000 after buying an additional 496 shares in the last quarter. 69.24% of the stock is owned by hedge funds and other institutional investors.

Caterpillar, Inc. (CAT) opened at 129.99 on Friday. Caterpillar, Inc. has a 12 month low of $80.33 and a 12 month high of $130.16. The company has a market cap of $76.82 billion, a P/E ratio of 726.20 and a beta of 1.26. The company’s 50-day moving average is $122.19 and its 200-day moving average is $109.02.

Caterpillar (NYSE:CAT) last released its earnings results on Tuesday, July 25th. The industrial products company reported $1.49 earnings per share for the quarter, topping the consensus estimate 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 was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.09 EPS. On average, equities research analysts expect that Caterpillar, Inc. will post $5.27 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 20th. Stockholders of record on Monday, October 23rd will be issued a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 2.40%. The ex-dividend date of this dividend is Friday, October 20th. Caterpillar’s dividend payout ratio (DPR) is currently 2,080.00%.

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In other news, Director William A. Osborn sold 5,000 shares of the company’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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Bradley M. Halverson sold 182,612 shares of the company’s 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. Insiders sold a total of 201,471 shares of company stock worth $22,979,332 over the last ninety days. Insiders own 0.14% of the company’s stock.

A number of equities analysts recently issued reports on the stock. Zacks Investment Research raised shares of Caterpillar from a “hold” rating to a “buy” rating and set a $142.00 price target for the company in a research note on Wednesday. Vetr raised shares of Caterpillar from a “sell” rating to a “hold” rating and set a $124.44 price target for the company in a research note on Tuesday. Goldman Sachs Group, Inc. (The) increased their price target on shares of Caterpillar from $143.00 to $158.00 and gave the stock a “buy” rating in a research note on Monday. Deutsche Bank AG reissued a “hold” rating and issued a $121.00 price target (up from $120.00) on shares of Caterpillar in a research note on Monday. Finally, ValuEngine downgraded shares of Caterpillar from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating and thirteen have issued a buy rating to the company. Caterpillar has an average rating of “Hold” and a consensus price target of $116.98.

Caterpillar Profile

Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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