Signaturefd LLC trimmed its position in shares of Caterpillar Inc. (NYSE:CAT) by 15.2% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,991 shares of the industrial products company’s stock after selling 893 shares during the period. Signaturefd LLC’s holdings in Caterpillar were worth $680,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of CAT. Sanders Capital LLC lifted its stake in shares of Caterpillar by 60.7% in the 1st quarter. Sanders Capital LLC now owns 4,747,400 shares of the industrial products company’s stock worth $724,333,000 after acquiring an additional 1,792,900 shares during the period. Thoroughbred Financial Services LLC lifted its stake in shares of Caterpillar by 13,546.6% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 517,205 shares of the industrial products company’s stock worth $51,720,000 after acquiring an additional 513,415 shares during the period. LSV Asset Management lifted its stake in shares of Caterpillar by 65.5% in the 1st quarter. LSV Asset Management now owns 1,027,926 shares of the industrial products company’s stock worth $139,273,000 after acquiring an additional 407,000 shares during the period. Geode Capital Management LLC lifted its stake in shares of 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 acquiring an additional 321,277 shares during the period. Finally, Clearbridge Investments LLC lifted its stake in shares of Caterpillar by 12.7% in the 1st quarter. Clearbridge Investments LLC now owns 2,794,952 shares of the industrial products company’s stock worth $378,688,000 after acquiring an additional 314,442 shares during the period. 66.86% of the stock is owned by hedge funds and other institutional investors.

Shares of CAT stock traded up $3.44 during trading hours on Tuesday, reaching $120.16. 2,557,328 shares of the stock traded hands, compared to its average volume of 4,669,214. Caterpillar Inc. has a 1-year low of $112.06 and a 1-year high of $159.37. The firm has a fifty day moving average of $132.07. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.43 and a quick ratio of 1.00. The firm has a market capitalization of $66.70 billion, a price-to-earnings ratio of 10.71, a PEG ratio of 0.85 and a beta of 1.52.

Caterpillar (NYSE:CAT) last released its quarterly earnings results on Wednesday, July 24th. The industrial products company reported $2.83 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $3.12 by ($0.29). Caterpillar had a net margin of 11.26% and a return on equity of 43.35%. The firm had revenue of $14.43 billion for the quarter, compared to analyst estimates of $14.47 billion. During the same quarter in the prior year, the firm earned $2.97 EPS. The firm’s revenue was up 3.0% compared to the same quarter last year. As a group, analysts forecast that Caterpillar Inc. will post 11.73 earnings per share for the current year.

A number of analysts have recently weighed in on the stock. Wells Fargo & Co reduced their price target on shares of Caterpillar from $160.00 to $150.00 and set an “outperform” rating for the company in a research note on Thursday, July 25th. Morgan Stanley reduced their price target on shares of Caterpillar from $165.00 to $155.00 and set an “overweight” rating for the company in a research note on Thursday, July 25th. Standpoint Research raised shares of Caterpillar from a “hold” rating to a “buy” rating in a research note on Wednesday, June 5th. ValuEngine downgraded shares of Caterpillar from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Finally, Robert W. Baird dropped their target price on shares of Caterpillar from $161.00 to $155.00 and set an “outperform” rating on the stock in a report on Thursday, July 25th. Four equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and thirteen have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $142.99.

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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