Bank of New York Mellon Corp decreased its stake in Caterpillar, Inc. (NYSE:CAT) by 12.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,817,402 shares of the industrial products company’s stock after selling 963,049 shares during the quarter. Bank of New York Mellon Corp owned approximately 1.15% of Caterpillar worth $850,198,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in Caterpillar by 6.1% during the second quarter. Vanguard Group Inc. now owns 41,225,175 shares of the industrial products company’s stock worth $4,430,058,000 after acquiring an additional 2,377,623 shares during the last quarter. FMR LLC boosted its position in Caterpillar by 11.7% during the second quarter. FMR LLC now owns 19,613,661 shares of the industrial products company’s stock worth $2,107,684,000 after acquiring an additional 2,052,300 shares during the last quarter. Morgan Stanley boosted its position in Caterpillar by 15.1% during the first quarter. Morgan Stanley now owns 10,398,677 shares of the industrial products company’s stock worth $964,579,000 after acquiring an additional 1,365,856 shares during the last quarter. Geode Capital Management LLC boosted its position in Caterpillar by 8.1% during the first quarter. Geode Capital Management LLC now owns 5,575,420 shares of the industrial products company’s stock worth $516,423,000 after acquiring an additional 419,191 shares during the last quarter. Finally, TIAA CREF Investment Management LLC boosted its position in Caterpillar by 10.9% during the second quarter. TIAA CREF Investment Management LLC now owns 3,058,115 shares of the industrial products company’s stock worth $328,625,000 after acquiring an additional 301,739 shares during the last quarter. Institutional investors and hedge funds own 68.61% of the company’s stock.

CAT has been the topic of a number of recent research reports. Vetr upgraded shares of Caterpillar from a “strong sell” rating to a “buy” rating and set a $120.03 price target on the stock in a research report on Thursday, August 10th. BidaskClub lowered shares of Caterpillar from a “hold” rating to a “sell” rating in a research report on Thursday, August 17th. Royal Bank Of Canada restated a “hold” rating on shares of Caterpillar in a research report on Tuesday, August 29th. Jefferies Group restated a “hold” rating and set a $100.00 price target on shares of Caterpillar in a research report on Tuesday, August 29th. Finally, ValuEngine upgraded shares of Caterpillar from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $136.28.

In other news, insider Thomas A. Pellette sold 24,547 shares of the business’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $135.69, for a total value of $3,330,782.43. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Lange Bob De sold 1,572 shares of the business’s stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $137.58, for a total transaction of $216,275.76. Following the completion of the sale, the insider now directly owns 11,096 shares in the company, valued at $1,526,587.68. The disclosure for this sale can be found here. Insiders sold a total of 52,989 shares of company stock worth $7,235,850 over the last three months. Insiders own 0.14% of the company’s stock.

Caterpillar, Inc. (CAT) opened at $140.14 on Wednesday. The company has a quick ratio of 1.04, a current ratio of 1.44 and a debt-to-equity ratio of 1.58. The firm has a market cap of $84,183.11, a PE ratio of 25.50, a price-to-earnings-growth ratio of 2.14 and a beta of 1.29. Caterpillar, Inc. has a fifty-two week low of $90.34 and a fifty-two week high of $145.19.

Caterpillar (NYSE:CAT) last posted its earnings results on Tuesday, October 24th. The industrial products company reported $1.95 earnings per share for the quarter, beating the consensus estimate of $1.27 by $0.68. The company had revenue of $11.41 billion for the quarter, compared to analyst estimates of $10.69 billion. Caterpillar had a net margin of 2.09% and a return on equity of 23.22%. Caterpillar’s revenue was up 24.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.85 EPS. equities research analysts predict that Caterpillar, Inc. will post 6.4 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, November 20th. Stockholders of record on Monday, October 23rd were paid a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date was Friday, October 20th. Caterpillar’s dividend payout ratio (DPR) is 216.67%.

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Caterpillar Profile

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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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