Seeyond lowered its position in Caterpillar Inc. (NYSE:CAT) by 2.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,732 shares of the industrial products company’s stock after selling 250 shares during the quarter. Seeyond’s holdings in Caterpillar were worth $1,463,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also modified their holdings of CAT. Geode Capital Management LLC raised its position in Caterpillar by 4.8% in the 4th quarter. Geode Capital Management LLC now owns 7,022,665 shares of the industrial products company’s stock worth $890,658,000 after purchasing an additional 321,277 shares during the period. Oxbow Advisors LLC grew its stake in shares of Caterpillar by 6.3% during the first quarter. Oxbow Advisors LLC now owns 9,817 shares of the industrial products company’s stock valued at $1,330,000 after buying an additional 580 shares during the last quarter. Eagle Asset Management Inc. grew its stake in shares of Caterpillar by 3.5% during the first quarter. Eagle Asset Management Inc. now owns 18,930 shares of the industrial products company’s stock valued at $2,564,000 after buying an additional 633 shares during the last quarter. Wealth Architects LLC grew its stake in shares of Caterpillar by 3.9% during the first quarter. Wealth Architects LLC now owns 2,667 shares of the industrial products company’s stock valued at $361,000 after buying an additional 100 shares during the last quarter. Finally, Somerville Kurt F increased its holdings in shares of Caterpillar by 36.8% in the first quarter. Somerville Kurt F now owns 3,900 shares of the industrial products company’s stock worth $528,000 after buying an additional 1,050 shares during the period. Institutional investors and hedge funds own 65.07% of the company’s stock.

Shares of CAT traded up $1.53 during mid-day trading on Wednesday, hitting $131.83. 4,381,291 shares of the company’s stock traded hands, compared to its average volume of 3,609,136. The company has a quick ratio of 1.00, a current ratio of 1.43 and a debt-to-equity ratio of 1.66. The firm has a market capitalization of $72.90 billion, a P/E ratio of 11.75, a PEG ratio of 0.90 and a beta of 1.54. The business’s 50-day moving average price is $121.89 and its 200-day moving average price is $130.48. Caterpillar Inc. has a 1 year low of $111.75 and a 1 year high of $159.37.

Caterpillar (NYSE:CAT) last announced its quarterly earnings results on Wednesday, July 24th. The industrial products company reported $2.83 EPS for the quarter, missing analysts’ consensus estimates of $3.12 by ($0.29). The business had revenue of $14.43 billion during the quarter, compared to analysts’ expectations of $14.47 billion. Caterpillar had a return on equity of 43.35% and a net margin of 11.26%. The business’s revenue was up 3.0% compared to the same quarter last year. During the same period in the previous year, the business earned $2.97 EPS. Sell-side analysts anticipate that Caterpillar Inc. will post 11.74 earnings per share for the current fiscal year.

CAT has been the subject of a number of recent research reports. Atlantic Securities lowered Caterpillar from a “neutral” rating to an “underweight” rating in a research note on Friday, June 21st. Morgan Stanley reduced their price target on Caterpillar from $165.00 to $155.00 and set an “overweight” rating on the stock in a research report on Thursday, July 25th. Credit Suisse Group decreased their price target on Caterpillar from $172.00 to $164.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 17th. Buckingham Research downgraded Caterpillar from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $162.00 to $140.00 in a research report on Thursday, July 25th. Finally, Royal Bank of Canada reiterated a “hold” rating on shares of Caterpillar in a research report on Wednesday, August 14th. Five investment analysts have rated the stock with a sell rating, twelve have given a hold rating and eleven have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $139.56.

Caterpillar Profile

Caterpillar, Inc engages in the manufacture of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. It operates through the following segments: Construction Industries, Resource Industries, Energy and Transportation, Financial Products, and All Other.

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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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