Caterpillar, Inc. (CAT) Shares Sold by United Services Automobile Association

United Services Automobile Association cut its position in Caterpillar, Inc. (NYSE:CAT) by 6.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 319,260 shares of the industrial products company’s stock after selling 20,636 shares during the period. United Services Automobile Association owned about 0.05% of Caterpillar worth $29,615,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Private Trust Co. NA increased its position in shares of Caterpillar by 23.0% in the first quarter. Private Trust Co. NA now owns 7,548 shares of the industrial products company’s stock worth $700,000 after buying an additional 1,413 shares in the last quarter. State of Tennessee Treasury Department increased its position in shares of Caterpillar by 58.4% in the first quarter. State of Tennessee Treasury Department now owns 288,338 shares of the industrial products company’s stock worth $26,746,000 after buying an additional 106,270 shares in the last quarter. Stevens Capital Management LP increased its position in shares of Caterpillar by 211.0% in the first quarter. Stevens Capital Management LP now owns 153,894 shares of the industrial products company’s stock worth $14,275,000 after buying an additional 104,412 shares in the last quarter. World Asset Management Inc increased its position in shares of Caterpillar by 9.5% in the first quarter. World Asset Management Inc now owns 63,392 shares of the industrial products company’s stock worth $5,880,000 after buying an additional 5,512 shares in the last quarter. Finally, Ipswich Investment Management Co. Inc. increased its position in shares of Caterpillar by 3.1% in the first quarter. Ipswich Investment Management Co. Inc. now owns 50,212 shares of the industrial products company’s stock worth $4,658,000 after buying an additional 1,490 shares in the last quarter. Institutional investors own 70.55% of the company’s stock.

Caterpillar, Inc. (NYSE CAT) opened at 114.35 on Friday. Caterpillar, Inc. has a 1-year low of $79.93 and a 1-year high of $114.90. The firm has a market capitalization of $67.49 billion, a PE ratio of 638.83 and a beta of 1.25. The stock’s 50 day moving average is $107.93 and its 200-day moving average is $100.19.

Caterpillar (NYSE:CAT) last issued its quarterly earnings data on Tuesday, July 25th. The industrial products company reported $1.49 earnings per share for the quarter, beating analysts’ consensus estimates of $1.26 by $0.23. Caterpillar had a net margin of 0.27% and a return on equity of 18.52%. The business had revenue of $11.33 billion for the quarter, compared to analysts’ expectations of $10.96 billion. During the same period in the previous year, the business earned $1.09 earnings per share. The company’s revenue was up 9.6% on a year-over-year basis. Equities research analysts forecast that Caterpillar, Inc. will post $5.18 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, August 19th. Investors of record on Thursday, July 20th will be paid a dividend of $0.78 per share. This is a boost from Caterpillar’s previous quarterly dividend of $0.77. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date of this dividend is Tuesday, July 18th. Caterpillar’s payout ratio is currently 2,080.00%.

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CAT has been the subject of several recent analyst reports. BidaskClub upgraded shares of Caterpillar from a “hold” rating to a “buy” rating in a research report on Saturday, July 1st. Axiom Securities restated a “sell” rating on shares of Caterpillar in a research report on Tuesday, June 6th. Wells Fargo & Company restated an “outperform” rating on shares of Caterpillar in a research report on Wednesday, July 26th. Raymond James Financial, Inc. upgraded shares of Caterpillar to a “buy” rating and set a $55.00 price objective for the company in a research report on Thursday, April 27th. Finally, Credit Suisse Group set a $123.00 price objective on shares of Caterpillar and gave the stock a “buy” rating in a research report on Tuesday, July 25th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $106.56.

In related news, insider Bradley M. Halverson sold 182,612 shares of Caterpillar stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $114.05, for a total transaction of $20,826,898.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director William A. Osborn sold 5,000 shares of Caterpillar stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $113.67, for a total transaction of $568,350.00. The disclosure for this sale can be found here. 0.15% of the stock is owned by insiders.

Caterpillar Company Profile

Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)




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