Toronto Dominion Bank trimmed its position in Caterpillar Inc. (NYSE:CAT) by 10.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 365,996 shares of the industrial products company’s stock after selling 43,300 shares during the quarter. Toronto Dominion Bank owned approximately 0.07% of Caterpillar worth $46,299,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the stock. Capital Analysts LLC boosted its position in Caterpillar by 108.2% during the 1st quarter. Capital Analysts LLC now owns 229 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 119 shares during the period. Jaffetilchin Investment Partners LLC bought a new position in shares of Caterpillar during the second quarter worth about $30,000. Modus Advisors LLC acquired a new stake in shares of Caterpillar in the 2nd quarter worth about $33,000. Glassman Wealth Services increased its holdings in shares of Caterpillar by 52.6% in the 1st quarter. Glassman Wealth Services now owns 296 shares of the industrial products company’s stock worth $34,000 after acquiring an additional 102 shares during the period. Finally, Gantzert Investment Co. LLC ADV lifted its position in Caterpillar by 128.2% in the 2nd quarter. Gantzert Investment Co. LLC ADV now owns 267 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 150 shares during the last quarter. 66.19% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE CAT traded up $2.00 during mid-day trading on Wednesday, reaching $150.60. The company had a trading volume of 232,481 shares, compared to its average volume of 3,134,787. Caterpillar Inc. has a 1-year low of $87.50 and a 1-year high of $155.48. The stock has a market cap of $80.47 billion, a PE ratio of 20.20, a P/E/G ratio of 2.47 and a beta of 1.13. The company has a current ratio of 1.50, a quick ratio of 1.05 and a debt-to-equity ratio of 1.95. The company has a 50-day moving average price of $141.82 and a two-hundred day moving average price of $124.70.

Caterpillar (NYSE:CAT) last announced its earnings results on Friday, July 31st. The industrial products company reported $1.03 EPS for the quarter, topping the consensus estimate of $0.66 by $0.37. Caterpillar had a net margin of 8.90% and a return on equity of 30.52%. The company had revenue of $10 billion during the quarter, compared to analysts’ expectations of $9.40 billion. During the same period last year, the company posted $2.83 earnings per share. The business’s revenue for the quarter was down 30.7% on a year-over-year basis. On average, research analysts expect that Caterpillar Inc. will post 5.18 EPS for the current year.

In other Caterpillar news, insider Lange Bob De sold 1,575 shares of the business’s stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $147.00, for a total transaction of $231,525.00. Following the sale, the insider now directly owns 30,798 shares of the company’s stock, valued at approximately $4,527,306. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.31% of the company’s stock.

Several research analysts have commented on CAT shares. Sanford C. Bernstein cut shares of Caterpillar from an “outperform” rating to a “market perform” rating in a research report on Friday, June 12th. Credit Suisse Group increased their price objective on Caterpillar from $144.00 to $159.00 and gave the stock an “outperform” rating in a report on Monday, August 3rd. Citigroup lifted their target price on Caterpillar from $125.00 to $150.00 and gave the company a “buy” rating in a research note on Thursday, June 18th. BMO Capital Markets lowered Caterpillar from an “outperform” rating to a “market perform” rating and set a $130.00 price target for the company. in a research report on Friday, June 12th. Finally, Deutsche Bank raised Caterpillar from a “hold” rating to a “buy” rating and raised their price target for the company from $126.50 to $166.00 in a report on Tuesday, June 30th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and eleven have assigned a buy rating to the company’s stock. Caterpillar currently has an average rating of “Hold” and an average price target of $139.11.

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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