San Francisco Sentry Investment Group CA Has $1.68 Million Stake in Caterpillar Inc. (NYSE:CAT)

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San Francisco Sentry Investment Group CA boosted its position in Caterpillar Inc. (NYSE:CAT) by 0.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,337 shares of the industrial products company’s stock after acquiring an additional 84 shares during the quarter. San Francisco Sentry Investment Group CA’s holdings in Caterpillar were worth $1,684,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the stock. Morgan Stanley lifted its holdings in Caterpillar by 4.2% in the second quarter. Morgan Stanley now owns 4,367,073 shares of the industrial products company’s stock valued at $595,189,000 after acquiring an additional 174,165 shares during the period. Manning & Napier Group LLC raised its position in shares of Caterpillar by 30.4% in the 2nd quarter. Manning & Napier Group LLC now owns 152,404 shares of the industrial products company’s stock valued at $20,770,000 after purchasing an additional 35,530 shares in the last quarter. Atalanta Sosnoff Capital LLC raised its position in shares of Caterpillar by 3.6% in the 2nd quarter. Atalanta Sosnoff Capital LLC now owns 3,487 shares of the industrial products company’s stock valued at $475,000 after purchasing an additional 120 shares in the last quarter. Krueger & Catalano Capital Partners LLC raised its position in shares of Caterpillar by 6.4% in the 2nd quarter. Krueger & Catalano Capital Partners LLC now owns 4,892 shares of the industrial products company’s stock valued at $667,000 after purchasing an additional 293 shares in the last quarter. Finally, Cahill Financial Advisors Inc. raised its position in shares of Caterpillar by 2.7% in the 2nd quarter. Cahill Financial Advisors Inc. now owns 8,240 shares of the industrial products company’s stock valued at $1,124,000 after purchasing an additional 218 shares in the last quarter. 65.74% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Caterpillar stock traded up $1.15 during trading on Friday, hitting $148.16. The stock had a trading volume of 2,714,785 shares, compared to its average volume of 4,321,513. Caterpillar Inc. has a fifty-two week low of $111.75 and a fifty-two week high of $148.40. The firm has a market cap of $80.89 billion, a P/E ratio of 13.20, a PEG ratio of 1.54 and a beta of 1.53. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.44 and a quick ratio of 0.99. The business has a fifty day moving average of $131.66 and a two-hundred day moving average of $129.08.

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

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Monday, October 21st will be issued a dividend of $1.03 per share. 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 is 36.72%.

In related news, General Counsel Suzette M. Long sold 5,019 shares of the stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $126.34, for a total value of $634,100.46. Following the completion of the sale, the general counsel now directly owns 12,569 shares of the company’s stock, valued at approximately $1,587,967.46. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Denise C. Johnson sold 14,777 shares of the stock in a transaction dated 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 completion of the sale, the insider now directly owns 26,464 shares of the company’s stock, valued at $3,704,960. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 95,141 shares of company stock valued at $13,717,142. 0.37% of the stock is currently owned by company insiders.

CAT has been the topic of a number of recent analyst reports. UBS Group cut their target price on Caterpillar to $110.00 and set a “sell” rating on the stock in a research report on Thursday, October 24th. Bank of America upped their target price on Caterpillar from $154.00 to $165.00 and gave the company a “buy” rating in a research report on Wednesday. Citigroup cut their target price on Caterpillar from $150.00 to $145.00 and set a “buy” rating on the stock in a research report on Tuesday, September 24th. Credit Suisse Group reaffirmed a “buy” rating and issued a $150.00 target price on shares of Caterpillar in a research report on Thursday, October 24th. Finally, Cleveland Research reaffirmed a “hold” rating on shares of Caterpillar in a research report on Monday, September 30th. Four analysts have rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $138.76.

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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