Caterpillar, Inc. (NYSE:CAT) Position Lowered by United Services Automobile Association

United Services Automobile Association cut its position in shares of Caterpillar, Inc. (NYSE:CAT) by 6.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 319,260 shares of the industrial products company’s stock after selling 20,636 shares during the period. United Services Automobile Association owned approximately 0.05% of Caterpillar worth $29,615,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CAT. American International Group Inc. raised its position in shares of Caterpillar by 1.1% in the first quarter. American International Group Inc. now owns 5,275,443 shares of the industrial products company’s stock valued at $489,350,000 after buying an additional 58,942 shares during the last quarter. UBS Asset Management Americas Inc. raised its position in shares of Caterpillar by 6.5% in the first quarter. UBS Asset Management Americas Inc. now owns 2,362,430 shares of the industrial products company’s stock valued at $219,139,000 after buying an additional 143,477 shares during the last quarter. Swiss National Bank raised its position in shares of Caterpillar by 27.4% in the first quarter. Swiss National Bank now owns 2,073,016 shares of the industrial products company’s stock valued at $192,293,000 after buying an additional 445,900 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of Caterpillar by 0.5% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,972,478 shares of the industrial products company’s stock valued at $182,967,000 after buying an additional 10,285 shares during the last quarter. Finally, Cibc World Markets Corp raised its position in shares of Caterpillar by 507.9% in the first quarter. Cibc World Markets Corp now owns 1,276,465 shares of the industrial products company’s stock valued at $118,405,000 after buying an additional 1,066,492 shares during 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 52 week low of $79.93 and a 52 week high of $114.90. The company has a 50-day moving average price of $107.93 and a 200-day moving average price of $100.19. The stock has a market cap of $67.49 billion, a PE ratio of 638.83 and a beta of 1.25.

Caterpillar (NYSE:CAT) last released its earnings results on Tuesday, July 25th. The industrial products company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.26 by $0.23. Caterpillar had a return on equity of 18.52% and a net margin of 0.27%. The firm had revenue of $11.33 billion for the quarter, compared to analyst estimates of $10.96 billion. During the same quarter in the prior year, the firm posted $1.09 earnings per share. The company’s quarterly revenue was up 9.6% on a year-over-year basis. Analysts anticipate that Caterpillar, Inc. will post $5.18 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Saturday, August 19th. Shareholders of record on Thursday, July 20th will be paid a $0.78 dividend. This is a positive change from Caterpillar’s previous quarterly dividend of $0.77. The ex-dividend date is Tuesday, July 18th. This represents a $3.12 annualized dividend and a yield of 2.73%. Caterpillar’s dividend payout ratio is presently 2,080.00%.

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Several research analysts have recently weighed in on the stock. Credit Suisse Group reiterated a “buy” rating and set a $123.00 price objective on shares of Caterpillar in a report on Thursday, June 22nd. Vetr lowered shares of Caterpillar from a “sell” rating to a “strong sell” rating and set a $86.90 price objective on the stock. in a report on Tuesday, April 25th. Robert W. Baird set a $102.00 price target on shares of Caterpillar and gave the company a “hold” rating in a report on Wednesday, April 12th. Bank of America Corporation set a $120.00 price target on shares of Caterpillar and gave the company a “buy” rating in a report on Tuesday, June 20th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $125.00 price target on shares of Caterpillar in a report on Sunday, July 30th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $106.56.

In other Caterpillar news, Director William A. Osborn sold 5,000 shares of the stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $113.67, for a total value of $568,350.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Bradley M. Halverson sold 182,612 shares of the stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $114.05, for a total value of $20,826,898.60. The disclosure for this sale can be found here. Corporate insiders own 0.15% of the company’s stock.

Caterpillar Company Profile

Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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