Town & Country Bank & Trust CO dba First Bankers Trust CO cut its position in shares of Caterpillar Inc. (NYSE:CAT) by 19.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,626 shares of the industrial products company’s stock after selling 391 shares during the quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO’s holdings in Caterpillar were worth $222,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Oakworth Capital Inc. boosted its holdings in Caterpillar by 11.0% during the first quarter. Oakworth Capital Inc. now owns 808 shares of the industrial products company’s stock valued at $109,000 after purchasing an additional 80 shares in the last quarter. Cambridge Trust Co. boosted its holdings in Caterpillar by 3.5% during the first quarter. Cambridge Trust Co. now owns 2,425 shares of the industrial products company’s stock valued at $329,000 after purchasing an additional 83 shares in the last quarter. Highland Private Wealth Management boosted its holdings in Caterpillar by 4.9% during the first quarter. Highland Private Wealth Management now owns 1,860 shares of the industrial products company’s stock valued at $252,000 after purchasing an additional 87 shares in the last quarter. Avestar Capital LLC boosted its holdings in Caterpillar by 9.0% during the first quarter. Avestar Capital LLC now owns 1,050 shares of the industrial products company’s stock valued at $117,000 after purchasing an additional 87 shares in the last quarter. Finally, YorkBridge Wealth Partners LLC boosted its holdings in Caterpillar by 5.0% during the first quarter. YorkBridge Wealth Partners LLC now owns 1,865 shares of the industrial products company’s stock valued at $253,000 after purchasing an additional 88 shares in the last quarter. 65.48% of the stock is currently owned by institutional investors and hedge funds.

CAT stock opened at $132.92 on Friday. The company has a quick ratio of 0.98, a current ratio of 1.43 and a debt-to-equity ratio of 1.66. The stock has a 50 day moving average of $133.26. Caterpillar Inc. has a fifty-two week low of $112.06 and a fifty-two week high of $159.37. The company has a market cap of $77.04 billion, a PE ratio of 11.85, a PEG ratio of 0.94 and a beta of 1.54.

Caterpillar (NYSE:CAT) last posted its quarterly earnings data on Wednesday, July 24th. The industrial products company reported $2.83 earnings per share for the quarter, missing the consensus estimate of $3.12 by ($0.29). Caterpillar had a return on equity of 43.35% and a net margin of 11.26%. The company had revenue of $14.43 billion during the quarter, compared to the consensus estimate of $14.47 billion. During the same quarter last year, the firm earned $2.97 EPS. The business’s revenue for the quarter was up 3.0% on a year-over-year basis. On average, equities research analysts anticipate that Caterpillar Inc. will post 11.96 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 20th. Investors of record on Monday, July 22nd will be given a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 3.10%. The ex-dividend date is Friday, July 19th. This is a boost from Caterpillar’s previous quarterly dividend of $0.86. Caterpillar’s payout ratio is 36.72%.

A number of research firms have recently issued reports on CAT. Atlantic Securities cut shares of W W Grainger from a “neutral” rating to an “underweight” rating in a research note on Friday, June 21st. Standpoint Research upgraded shares of CVS Health from a “hold” rating to a “buy” rating in a research note on Wednesday, June 5th. Buckingham Research lifted their target price on shares of Allegiant Travel from $186.00 to $191.00 and gave the company a “buy” rating in a research note on Thursday. Credit Suisse Group set a GBX 3,090 ($40.38) target price on shares of Royal Dutch Shell and gave the company a “buy” rating in a research note on Wednesday, July 17th. Finally, Morgan Stanley lifted their target price on shares of Xilinx from $126.00 to $134.00 and gave the company an “overweight” rating in a research note on Thursday. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and fourteen have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $144.72.

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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