Caterpillar Inc. (CAT) Holdings Reduced by Mathes Company Inc.

Mathes Company Inc. reduced its stake in shares of Caterpillar Inc. (NYSE:CAT) by 2.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 44,832 shares of the industrial products company’s stock after selling 975 shares during the period. Caterpillar makes up approximately 3.2% of Mathes Company Inc.’s holdings, making the stock its 4th biggest holding. Mathes Company Inc.’s holdings in Caterpillar were worth $7,065,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Beach Investment Management LLC. acquired a new stake in shares of Caterpillar in the second quarter valued at approximately $231,000. Morse Asset Management Inc raised its holdings in shares of Caterpillar by 103.5% in the second quarter. Morse Asset Management Inc now owns 20,250 shares of the industrial products company’s stock valued at $2,176,000 after purchasing an additional 10,300 shares during the last quarter. Canada Pension Plan Investment Board raised its holdings in shares of Caterpillar by 173.7% in the second quarter. Canada Pension Plan Investment Board now owns 576,519 shares of the industrial products company’s stock valued at $61,953,000 after purchasing an additional 365,890 shares during the last quarter. Wetherby Asset Management Inc. raised its holdings in shares of Caterpillar by 2.1% in the second quarter. Wetherby Asset Management Inc. now owns 9,369 shares of the industrial products company’s stock valued at $1,007,000 after purchasing an additional 189 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. raised its holdings in shares of Caterpillar by 4.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 2,098,704 shares of the industrial products company’s stock valued at $225,527,000 after purchasing an additional 96,718 shares during the last quarter. Hedge funds and other institutional investors own 68.55% of the company’s stock.

Caterpillar Inc. (CAT) opened at $170.41 on Friday. The firm has a market cap of $100,442.65, a price-to-earnings ratio of 118.34, a P/E/G ratio of 2.06 and a beta of 1.29. Caterpillar Inc. has a fifty-two week low of $90.34 and a fifty-two week high of $173.24. The company has a current ratio of 1.44, a quick ratio of 1.04 and a debt-to-equity ratio of 1.58.

Caterpillar (NYSE:CAT) last issued its earnings results on Tuesday, October 24th. The industrial products company reported $1.95 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.27 by $0.68. The business had revenue of $11.41 billion for the quarter, compared to the consensus estimate of $10.69 billion. Caterpillar had a net margin of 2.09% and a return on equity of 23.22%. The firm’s revenue for the quarter was up 24.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.85 earnings per share. analysts anticipate that Caterpillar Inc. will post 6.47 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 20th. Shareholders of record on Monday, January 22nd will be given a dividend of $0.78 per share. The ex-dividend date of this dividend is Friday, January 19th. This represents a $3.12 dividend on an annualized basis and a yield of 1.83%. Caterpillar’s dividend payout ratio (DPR) is 216.67%.

In other Caterpillar news, insider Bradley M. Halverson sold 2,600 shares of Caterpillar stock in a transaction on Monday, November 27th. The shares were sold at an average price of $137.67, for a total transaction of $357,942.00. Following the completion of the transaction, the insider now directly owns 5,214 shares of the company’s stock, valued at $717,811.38. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Lange Bob De sold 1,572 shares of Caterpillar stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $137.58, for a total transaction of $216,275.76. Following the transaction, the insider now directly owns 11,096 shares of the company’s stock, valued at $1,526,587.68. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 52,989 shares of company stock valued at $7,235,850. Company insiders own 0.14% of the company’s stock.

A number of analysts have recently issued reports on the stock. Credit Suisse Group lifted their price objective on shares of Caterpillar from $155.00 to $192.00 and gave the company an “outperform” rating in a report on Friday. Citigroup reiterated a “neutral” rating and issued a $185.00 price objective (up from $160.00) on shares of Caterpillar in a report on Friday. Vetr upgraded shares of Caterpillar from a “sell” rating to a “hold” rating and set a $164.34 price objective on the stock in a report on Monday. Barclays assumed coverage on shares of Caterpillar in a report on Tuesday, December 12th. They issued an “overweight” rating and a $162.00 price objective on the stock. Finally, Deutsche Bank set a $149.00 price objective on shares of Caterpillar and gave the company a “hold” rating in a report on Wednesday, October 25th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and sixteen have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $156.64.

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About Caterpillar

Caterpillar Inc is a manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The Company operates through segments, including Construction Industries, which is engaged in supporting customers using machinery in infrastructure, forestry and building construction; Resource Industries, which is engaged in supporting customers using machinery in mining, quarry, waste and material handling applications; Energy & Transportation, which supports customers in oil and gas, power generation, marine, rail and industrial applications, including Cat machines; Financial Products segment, which provides financing and related services, and All Other operating segments, which includes activities, such as product management and development, and manufacturing of filters and fluids, undercarriage, tires and rims, ground engaging tools, fluid transfer products, and sealing and connecting components for Cat products.

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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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