Strategic Financial Services Inc lowered its holdings in Caterpillar Inc. (NYSE:CAT) by 24.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 25,343 shares of the industrial products company’s stock after selling 8,345 shares during the quarter. Strategic Financial Services Inc’s holdings in Caterpillar were worth $3,994,000 as of its most recent filing with the SEC.

A number of other institutional investors have also bought and sold shares of the business. Harvest Fund Management Co. Ltd acquired a new position in shares of Caterpillar during the fourth quarter valued at $131,000. Sandy Spring Bank lifted its stake in shares of Caterpillar by 61.9% during the fourth quarter. Sandy Spring Bank now owns 981 shares of the industrial products company’s stock valued at $155,000 after acquiring an additional 375 shares during the period. Acrospire Investment Management LLC lifted its stake in shares of Caterpillar by 900.0% during the second quarter. Acrospire Investment Management LLC now owns 1,000 shares of the industrial products company’s stock valued at $107,000 after acquiring an additional 900 shares during the period. Verde Servicos Internacionais S.A. acquired a new position in shares of Caterpillar during the fourth quarter valued at $156,000. Finally, Massey Quick Simon & CO. LLC lifted its stake in shares of Caterpillar by 4,240.7% during the third quarter. Massey Quick Simon & CO. LLC now owns 1,172 shares of the industrial products company’s stock valued at $146,000 after acquiring an additional 1,145 shares during the period. 69.25% of the stock is currently owned by institutional investors.

In other Caterpillar news, CFO Bradley M. Halverson sold 17,210 shares of the stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $137.33, for a total value of $2,363,449.30. Following the completion of the sale, the chief financial officer now directly owns 7,814 shares in the company, valued at $1,073,096.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Bradley M. Halverson sold 2,600 shares of the stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $137.67, for a total value of $357,942.00. Following the completion of the sale, the insider now owns 5,214 shares of the company’s stock, valued at $717,811.38. The disclosure for this sale can be found here. Insiders sold 143,331 shares of company stock valued at $22,107,578 over the last 90 days. Corporate insiders own 0.14% of the company’s stock.

Several equities analysts have recently issued reports on CAT shares. ValuEngine raised Caterpillar from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Vetr downgraded Caterpillar from a “sell” rating to a “strong sell” rating and set a $139.26 price objective for the company. in a report on Wednesday, December 27th. JPMorgan Chase & Co. upgraded Caterpillar from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $161.96 to $200.00 in a report on Monday, January 8th. Bank of America upped their price objective on Caterpillar from $189.00 to $192.00 and gave the company a “buy” rating in a report on Friday, January 26th. Finally, Stifel Nicolaus upped their price objective on Caterpillar from $125.00 to $145.00 and gave the company a “hold” rating in a report on Wednesday, October 25th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. Caterpillar currently has a consensus rating of “Buy” and a consensus price target of $167.80.

Shares of Caterpillar Inc. (NYSE:CAT) opened at $145.99 on Friday. Caterpillar Inc. has a fifty-two week low of $90.34 and a fifty-two week high of $173.24. The stock has a market capitalization of $91,822.05, a PE ratio of 115.87, a price-to-earnings-growth ratio of 1.65 and a beta of 1.23. The company has a quick ratio of 0.97, a current ratio of 1.35 and a debt-to-equity ratio of 1.73.

Caterpillar (NYSE:CAT) last announced its quarterly earnings results on Thursday, January 25th. The industrial products company reported $2.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.77 by $0.39. Caterpillar had a return on equity of 28.69% and a net margin of 1.66%. The company had revenue of $12.90 billion during the quarter, compared to the consensus estimate of $12.01 billion. During the same period in the prior year, the company earned $0.83 earnings per share. The company’s revenue for the quarter was up 34.7% compared to the same quarter last year. sell-side analysts predict that Caterpillar Inc. will post 9.05 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 20th. Shareholders of record on Monday, January 22nd will be issued a $0.78 dividend. The ex-dividend date is Friday, January 19th. This represents a $3.12 annualized dividend and a dividend yield of 2.14%. Caterpillar’s dividend payout ratio (DPR) is currently 247.62%.

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About Caterpillar

Caterpillar Inc is a manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The Company operates through segments, including Construction Industries, which is engaged in supporting customers using machinery in infrastructure, forestry and building construction; Resource Industries, which is engaged in supporting customers using machinery in mining, quarry, waste and material handling applications; Energy & Transportation, which supports customers in oil and gas, power generation, marine, rail and industrial applications, including Cat machines; Financial Products segment, which provides financing and related services, and All Other operating segments, which includes activities, such as product management and development, and manufacturing of filters and fluids, undercarriage, tires and rims, ground engaging tools, fluid transfer products, and sealing and connecting components for Cat products.

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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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