American Research & Management Co. Sells 526 Shares of Caterpillar Inc. (NYSE:CAT)

American Research & Management Co. trimmed its position in Caterpillar Inc. (NYSE:CAT) by 28.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,300 shares of the industrial products company’s stock after selling 526 shares during the period. American Research & Management Co.’s holdings in Caterpillar were worth $301,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Stonebridge Capital Management Inc. lifted its holdings in shares of Caterpillar by 4.8% in the first quarter. Stonebridge Capital Management Inc. now owns 21,487 shares of the industrial products company’s stock valued at $4,982,000 after purchasing an additional 975 shares in the last quarter. Means Investment CO. Inc. raised its holdings in Caterpillar by 8.1% during the first quarter. Means Investment CO. Inc. now owns 1,379 shares of the industrial products company’s stock worth $320,000 after acquiring an additional 103 shares in the last quarter. Modus Advisors LLC raised its holdings in Caterpillar by 11.4% during the first quarter. Modus Advisors LLC now owns 10,534 shares of the industrial products company’s stock worth $2,443,000 after acquiring an additional 1,074 shares in the last quarter. First Financial Bank Trust Division raised its holdings in Caterpillar by 8.7% during the first quarter. First Financial Bank Trust Division now owns 25,331 shares of the industrial products company’s stock worth $5,874,000 after acquiring an additional 2,035 shares in the last quarter. Finally, Thomasville National Bank raised its holdings in Caterpillar by 4.4% during the first quarter. Thomasville National Bank now owns 3,555 shares of the industrial products company’s stock worth $412,000 after acquiring an additional 150 shares in the last quarter. Institutional investors own 67.48% of the company’s stock.

Several analysts recently issued reports on CAT shares. Vertical Research initiated coverage on Caterpillar in a report on Wednesday, January 20th. They set a “buy” rating and a $230.00 target price on the stock. Citigroup upped their price objective on Caterpillar from $205.00 to $245.00 in a research note on Tuesday, March 16th. Stifel Nicolaus upped their price objective on Caterpillar from $175.00 to $195.00 and gave the company a “buy” rating in a research note on Tuesday, December 15th. Deutsche Bank Aktiengesellschaft upped their price objective on Caterpillar from $214.00 to $233.00 and gave the company a “buy” rating in a research note on Monday, February 1st. Finally, BMO Capital Markets upped their price objective on Caterpillar from $135.00 to $190.00 and gave the company a “market perform” rating in a research note on Monday, February 1st. Four equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and ten have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $182.05.

NYSE CAT traded down $1.57 on Thursday, hitting $228.84. 62,174 shares of the company’s stock were exchanged, compared to its average volume of 3,398,930. The stock has a 50-day moving average of $222.41 and a 200-day moving average of $186.67. The company has a current ratio of 1.54, a quick ratio of 1.08 and a debt-to-equity ratio of 1.74. Caterpillar Inc. has a 52 week low of $100.22 and a 52 week high of $237.78. The stock has a market cap of $124.79 billion, a price-to-earnings ratio of 37.88, a P/E/G ratio of 2.14 and a beta of 0.97.

Caterpillar (NYSE:CAT) last released its earnings results on Thursday, January 28th. The industrial products company reported $2.12 earnings per share for the quarter, topping the consensus estimate of $1.49 by $0.63. Caterpillar had a return on equity of 25.24% and a net margin of 7.60%. The firm had revenue of $11.24 billion during the quarter, compared to analysts’ expectations of $11.24 billion. During the same period in the prior year, the company earned $2.63 earnings per share. The company’s quarterly revenue was down 14.5% on a year-over-year basis. As a group, analysts predict that Caterpillar Inc. will post 5.44 earnings per share for the current year.

In other news, General Counsel Suzette M. Long sold 59,311 shares of the stock in a transaction on Monday, March 8th. The stock was sold at an average price of $219.67, for a total value of $13,028,847.37. Following the completion of the transaction, the general counsel now directly owns 33,320 shares in the company, valued at approximately $7,319,404.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Gary Michael Marvel sold 5,056 shares of the stock in a transaction on Monday, March 8th. The shares were sold at an average price of $220.97, for a total value of $1,117,224.32. Following the completion of the transaction, the chief accounting officer now owns 5,623 shares of the company’s stock, valued at $1,242,514.31. The disclosure for this sale can be found here. Insiders have sold 149,080 shares of company stock valued at $32,650,920 over the last 90 days. Corporate insiders own 0.31% of the company’s stock.

About Caterpillar

Caterpillar Inc manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives worldwide. Its Construction Industries segment offers asphalt pavers, compactors, cold planers, motorgraders, pipelayers, road reclaimers, telehandlers, and utility vehicles; backhoe, compact track, multi-terrain, skid steer, and track-type loaders; forestry and wheel excavators; and site prep and track-type tractors.

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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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