Tdam USA Inc. lessened its stake in shares of Caterpillar Inc. (NYSE:CAT) by 20.5% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 4,995 shares of the industrial products company’s stock after selling 1,285 shares during the quarter. Tdam USA Inc.’s holdings in Caterpillar were worth $681,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Paragon Capital Management LLC acquired a new position in shares of Caterpillar in the 1st quarter valued at approximately $40,000. Sound Income Strategies LLC lifted its position in shares of Caterpillar by 23.5% during the 2nd quarter. Sound Income Strategies LLC now owns 378 shares of the industrial products company’s stock valued at $52,000 after acquiring an additional 72 shares during the period. Exane Derivatives acquired a new position in shares of Caterpillar during the 2nd quarter valued at $54,000. JNBA Financial Advisors lifted its position in shares of Caterpillar by 33.3% during the 2nd quarter. JNBA Financial Advisors now owns 400 shares of the industrial products company’s stock valued at $55,000 after acquiring an additional 100 shares during the period. Finally, Bray Capital Advisors lifted its position in shares of Caterpillar by 25.3% during the 2nd quarter. Bray Capital Advisors now owns 500 shares of the industrial products company’s stock valued at $68,000 after acquiring an additional 101 shares during the period. Institutional investors own 66.86% of the company’s stock.

A number of research analysts recently issued reports on the stock. Goldman Sachs Group downgraded shares of Caterpillar from a “buy” rating to a “neutral” rating and dropped their target price for the company from $156.00 to $130.00 in a research report on Wednesday, August 7th. Royal Bank of Canada restated a “hold” rating on shares of Caterpillar in a report on Wednesday. Robert W. Baird lowered their price objective 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. Standpoint Research upgraded shares of Caterpillar from a “hold” rating to a “buy” rating in a report on Wednesday, June 5th. Finally, Wells Fargo & Co lowered their price objective on shares of Caterpillar from $160.00 to $150.00 and set an “outperform” rating on the stock in a report on Thursday, July 25th. Five analysts have rated the stock with a sell rating, thirteen have given a hold rating and twelve have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $139.90.

Shares of NYSE CAT traded down $0.06 during trading on Thursday, hitting $115.15. The stock had a trading volume of 131,125 shares, compared to its average volume of 4,664,563. Caterpillar Inc. has a 12 month low of $112.06 and a 12 month high of $159.37. 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 $64.63 billion, a P/E ratio of 10.23, a PEG ratio of 0.83 and a beta of 1.52. The company’s fifty day moving average price is $131.42.

Caterpillar (NYSE:CAT) last posted its earnings results on Wednesday, July 24th. The industrial products company reported $2.83 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $3.12 by ($0.29). Caterpillar had a return on equity of 43.35% and a net margin of 11.26%. The firm had revenue of $14.43 billion during the quarter, compared to the consensus estimate of $14.47 billion. During the same quarter in the previous year, the company earned $2.97 EPS. The business’s revenue was up 3.0% compared to the same quarter last year. On average, research analysts predict that Caterpillar Inc. will post 11.73 earnings per share for the current year.

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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