Caterpillar Inc. (NYSE:CAT) Shares Sold by ARP Americas LP

ARP Americas LP decreased its position in Caterpillar Inc. (NYSE:CAT) by 53.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,886 shares of the industrial products company’s stock after selling 4,514 shares during the quarter. ARP Americas LP’s holdings in Caterpillar were worth $492,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Diversified Trust Co bought a new stake in shares of Caterpillar in the 2nd quarter worth $334,000. Private Ocean LLC grew its position in Caterpillar by 62.9% during the 1st quarter. Private Ocean LLC now owns 259 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 100 shares during the last quarter. Korea Investment CORP grew its position in Caterpillar by 13.1% during the 1st quarter. Korea Investment CORP now owns 480,936 shares of the industrial products company’s stock worth $55,808,000 after acquiring an additional 55,542 shares during the last quarter. Raymond James Trust N.A. grew its position in Caterpillar by 10.0% during the 2nd quarter. Raymond James Trust N.A. now owns 12,742 shares of the industrial products company’s stock worth $1,612,000 after acquiring an additional 1,155 shares during the last quarter. Finally, State of Alaska Department of Revenue grew its position in Caterpillar by 24.3% during the 2nd quarter. State of Alaska Department of Revenue now owns 118,400 shares of the industrial products company’s stock worth $14,976,000 after acquiring an additional 23,110 shares during the last quarter. Institutional investors own 66.80% of the company’s stock.

A number of brokerages have commented on CAT. Deutsche Bank upgraded Caterpillar from a “hold” rating to a “buy” rating and increased their price objective for the company from $126.50 to $166.00 in a research report on Tuesday, June 30th. Sanford C. Bernstein lowered Caterpillar from an “outperform” rating to a “market perform” rating in a research report on Friday, June 12th. JPMorgan Chase & Co. set a $150.00 price objective on Caterpillar and gave the company a “buy” rating in a research report on Tuesday, April 28th. Morgan Stanley lowered Caterpillar from an “equal weight” rating to an “underweight” rating and set a $93.00 price objective on the stock. in a research report on Monday, April 27th. Finally, BofA Securities raised Caterpillar from an “underperform” rating to a “neutral” rating in a research note on Wednesday, July 8th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $135.22.

Shares of NYSE CAT traded down $3.85 during midday trading on Friday, reaching $132.88. The company’s stock had a trading volume of 6,782,180 shares, compared to its average volume of 2,742,059. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.97 and a current ratio of 1.42. Caterpillar Inc. has a fifty-two week low of $87.50 and a fifty-two week high of $150.55. The business’s 50 day moving average price is $129.98 and its two-hundred day moving average price is $123.93. The company has a market cap of $71.92 billion, a P/E ratio of 16.78, a P/E/G ratio of 2.13 and a beta of 1.10.

Caterpillar (NYSE:CAT) last released its quarterly earnings results on Friday, July 31st. The industrial products company reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.37. Caterpillar had a net margin of 10.41% and a return on equity of 37.15%. The company had revenue of $10 billion during the quarter, compared to the consensus estimate of $9.40 billion. During the same period in the previous year, the business earned $2.83 earnings per share. The firm’s quarterly revenue was down 30.7% on a year-over-year basis. Sell-side analysts forecast that Caterpillar Inc. will post 5.19 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 20th. Shareholders of record on Monday, July 20th will be given a dividend of $1.03 per share. The ex-dividend date of this dividend is Friday, July 17th. This represents a $4.12 annualized dividend and a yield of 3.10%. Caterpillar’s dividend payout ratio is currently 37.25%.

Caterpillar Company 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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