Caterpillar Inc. (NYSE:CAT) Shares Sold by Keybank National Association OH

Keybank National Association OH cut its stake in Caterpillar Inc. (NYSE:CAT) by 2.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 176,409 shares of the industrial products company’s stock after selling 3,722 shares during the quarter. Keybank National Association OH’s holdings in Caterpillar were worth $22,282,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Tortoise Investment Management LLC increased its position in shares of Caterpillar by 3,600.0% in the second quarter. Tortoise Investment Management LLC now owns 185 shares of the industrial products company’s stock valued at $25,000 after buying an additional 180 shares in the last quarter. Prestige Wealth Management Group LLC purchased a new stake in shares of Caterpillar during the second quarter worth approximately $27,000. G&S Capital LLC purchased a new stake in shares of Caterpillar during the third quarter worth approximately $38,000. Kavar Capital Partners LLC purchased a new stake in shares of Caterpillar during the second quarter worth approximately $46,000. Finally, Garrett Wealth Advisory Group LLC purchased a new stake in shares of Caterpillar during the third quarter worth approximately $47,000. Institutional investors and hedge funds own 65.74% of the company’s stock.

In other news, insider Denise C. Johnson sold 14,777 shares of the company’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $140.00, for a total value of $2,068,780.00. Following the transaction, the insider now owns 26,464 shares of the company’s stock, valued at approximately $3,704,960. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, General Counsel Suzette M. Long sold 5,019 shares of the company’s stock in a transaction on Monday, September 30th. The shares were sold at an average price of $126.34, for a total value of $634,100.46. Following the completion of the transaction, the general counsel now directly owns 12,569 shares in the company, valued at approximately $1,587,967.46. The disclosure for this sale can be found here. In the last ninety days, insiders sold 95,141 shares of company stock worth $13,717,142. Corporate insiders own 0.37% of the company’s stock.

CAT has been the subject of several research reports. Credit Suisse Group reiterated a “buy” rating and set a $150.00 price target on shares of Caterpillar in a research report on Thursday, October 24th. Buckingham Research cut Caterpillar from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $162.00 to $140.00 in a research report on Thursday, July 25th. Citigroup dropped their price target on Caterpillar from $150.00 to $145.00 and set a “buy” rating for the company in a research report on Tuesday, September 24th. Wells Fargo & Co cut Caterpillar from an “outperform” rating to a “market perform” rating and set a $143.00 price target for the company. in a research report on Wednesday, September 11th. Finally, Stephens initiated coverage on Caterpillar in a research report on Wednesday, August 14th. They set an “underweight” rating and a $100.00 price target for the company. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $138.76.

NYSE:CAT traded up $0.98 during trading hours on Friday, hitting $147.99. The company had a trading volume of 2,081,690 shares, compared to its average volume of 4,852,125. The company has a current ratio of 1.44, a quick ratio of 0.99 and a debt-to-equity ratio of 1.71. The company has a 50-day moving average of $131.31 and a 200 day moving average of $129.06. The company has a market cap of $80.89 billion, a P/E ratio of 13.19, a P/E/G ratio of 1.54 and a beta of 1.53. Caterpillar Inc. has a 1 year low of $111.75 and a 1 year high of $148.40.

Caterpillar (NYSE:CAT) last issued its earnings results on Wednesday, October 23rd. The industrial products company reported $2.66 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.82 by ($0.16). The company had revenue of $12.76 billion during the quarter, compared to analysts’ expectations of $13.49 billion. Caterpillar had a net margin of 10.99% and a return on equity of 42.51%. The firm’s quarterly revenue was down 5.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.86 earnings per share. On average, analysts forecast that Caterpillar Inc. will post 10.89 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Monday, October 21st will be paid a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 2.78%. The ex-dividend date of this dividend is Friday, October 18th. Caterpillar’s dividend payout ratio (DPR) is presently 36.72%.

Caterpillar Company 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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