Hudson Valley Investment Advisors Inc. ADV lessened its stake in shares of Caterpillar Inc. (NYSE:CAT) by 9.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,984 shares of the industrial products company’s stock after selling 500 shares during the period. Hudson Valley Investment Advisors Inc. ADV’s holdings in Caterpillar were worth $760,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of CAT. Financial Gravity Wealth Inc. bought a new stake in shares of Caterpillar during the first quarter valued at approximately $459,000. GSA Capital Partners LLP bought a new stake in shares of Caterpillar during the first quarter valued at approximately $623,000. Koch Industries Inc. bought a new stake in shares of Caterpillar during the first quarter valued at approximately $359,000. LPL Financial LLC raised its stake in shares of Caterpillar by 18.6% during the first quarter. LPL Financial LLC now owns 301,984 shares of the industrial products company’s stock valued at $44,506,000 after acquiring an additional 47,332 shares in the last quarter. Finally, Mariner LLC raised its stake in shares of Caterpillar by 10.3% during the first quarter. Mariner LLC now owns 15,848 shares of the industrial products company’s stock valued at $2,335,000 after acquiring an additional 1,482 shares in the last quarter. 66.63% of the stock is owned by hedge funds and other institutional investors.

NYSE CAT opened at $142.07 on Friday. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.97 and a current ratio of 1.37. Caterpillar Inc. has a 12-month low of $129.20 and a 12-month high of $173.24. The firm has a market capitalization of $90.63 billion, a price-to-earnings ratio of 20.65, a PEG ratio of 0.84 and a beta of 1.37.

Caterpillar (NYSE:CAT) last released its quarterly earnings results on Monday, July 30th. The industrial products company reported $2.97 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.73 by $0.24. Caterpillar had a net margin of 6.12% and a return on equity of 40.60%. The business had revenue of $14.01 billion for the quarter, compared to analyst estimates of $14.09 billion. During the same period in the previous year, the company earned $1.49 earnings per share. The business’s revenue for the quarter was up 23.7% on a year-over-year basis. Sell-side analysts anticipate that Caterpillar Inc. will post 11.65 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 20th. Shareholders of record on Monday, October 22nd will be issued a $0.86 dividend. This represents a $3.44 annualized dividend and a yield of 2.42%. The ex-dividend date is Friday, October 19th. Caterpillar’s dividend payout ratio is currently 50.00%.

In other Caterpillar news, insider Denise C. Johnson sold 35,051 shares of Caterpillar stock in a transaction on Tuesday, October 2nd. The shares were sold at an average price of $154.18, for a total value of $5,404,163.18. Following the transaction, the insider now directly owns 22,826 shares of the company’s stock, valued at $3,519,312.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.36% of the stock is currently owned by insiders.

A number of equities analysts recently commented on the stock. Royal Bank of Canada boosted their price objective on shares of Caterpillar to $166.00 and gave the stock a “sector perform” rating in a research note on Tuesday, July 31st. Zacks Investment Research downgraded shares of Caterpillar from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 26th. OTR Global downgraded shares of Caterpillar to a “positive” rating in a research note on Friday, September 21st. BMO Capital Markets reduced their price objective on shares of Caterpillar from $195.00 to $185.00 and set an “outperform” rating for the company in a research note on Tuesday, July 31st. They noted that the move was a valuation call. Finally, Citigroup raised shares of Caterpillar to an “outperform” rating in a research note on Friday, September 21st. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. Caterpillar presently has an average rating of “Buy” and an average price target of $171.08.

Caterpillar Company Profile

Caterpillar Inc manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives for construction, resource, and energy and transportation industries. Its Construction Industries segment offers asphalt pavers, backhoe loaders, compactors, cold planers, compact truck and multi-terrain loaders, forestry excavators, feller bunchers, harvesters, knuckleboom loaders, motorgraders, pipelayers, road reclaimers, site prep tractors, skidders, skid steer loaders, telehandlers, track-type loaders, wheel excavators, and track-type tractors.

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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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