Evelyn Partners Investment Management Europe Ltd Sells 5,786 Shares of Caterpillar Inc. $CAT

Evelyn Partners Investment Management Europe Ltd reduced its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 96.7% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 200 shares of the industrial products company’s stock after selling 5,786 shares during the quarter. Evelyn Partners Investment Management Europe Ltd’s holdings in Caterpillar were worth $78,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Aire Advisors LLC grew its holdings in shares of Caterpillar by 0.3% during the 2nd quarter. Aire Advisors LLC now owns 9,042 shares of the industrial products company’s stock valued at $3,510,000 after purchasing an additional 25 shares during the last quarter. Dumont & Blake Investment Advisors LLC grew its stake in shares of Caterpillar by 0.5% during the second quarter. Dumont & Blake Investment Advisors LLC now owns 4,954 shares of the industrial products company’s stock worth $1,923,000 after buying an additional 25 shares during the last quarter. Redwood Wealth Management Group LLC increased its holdings in shares of Caterpillar by 0.9% during the second quarter. Redwood Wealth Management Group LLC now owns 2,669 shares of the industrial products company’s stock worth $1,036,000 after buying an additional 25 shares in the last quarter. Tsfg LLC lifted its stake in shares of Caterpillar by 9.8% in the 2nd quarter. Tsfg LLC now owns 279 shares of the industrial products company’s stock valued at $108,000 after acquiring an additional 25 shares during the last quarter. Finally, GSB Wealth Management LLC boosted its holdings in shares of Caterpillar by 1.2% during the 2nd quarter. GSB Wealth Management LLC now owns 2,143 shares of the industrial products company’s stock valued at $832,000 after acquiring an additional 26 shares in the last quarter. Institutional investors own 70.98% of the company’s stock.

Caterpillar Trading Up 0.8%

CAT opened at $550.74 on Friday. Caterpillar Inc. has a twelve month low of $267.30 and a twelve month high of $596.21. The company has a fifty day moving average of $518.69 and a 200-day moving average of $435.07. The stock has a market cap of $257.74 billion, a PE ratio of 28.27, a price-to-earnings-growth ratio of 3.33 and a beta of 1.51. The company has a quick ratio of 0.81, a current ratio of 1.38 and a debt-to-equity ratio of 1.34.

Caterpillar (NYSE:CAT) last issued its quarterly earnings results on Wednesday, October 29th. The industrial products company reported $4.95 EPS for the quarter, beating analysts’ consensus estimates of $4.52 by $0.43. Caterpillar had a net margin of 14.34% and a return on equity of 47.16%. The business had revenue of $17.64 billion for the quarter, compared to analysts’ expectations of $16.72 billion. During the same quarter in the prior year, the firm posted $5.17 earnings per share. The business’s quarterly revenue was up 9.5% compared to the same quarter last year. On average, sell-side analysts predict that Caterpillar Inc. will post 19.86 EPS for the current year.

Caterpillar Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 20th. Investors of record on Monday, October 20th were paid a dividend of $1.51 per share. The ex-dividend date of this dividend was Monday, October 20th. This represents a $6.04 annualized dividend and a yield of 1.1%. Caterpillar’s dividend payout ratio (DPR) is currently 31.01%.

Analyst Upgrades and Downgrades

CAT has been the subject of a number of recent research reports. Oppenheimer upped their target price on Caterpillar from $513.00 to $645.00 and gave the stock an “outperform” rating in a report on Thursday, October 30th. HSBC raised Caterpillar from a “hold” rating to a “buy” rating and upped their price objective for the company from $405.00 to $660.00 in a research note on Wednesday, November 5th. Barclays boosted their target price on shares of Caterpillar from $485.00 to $555.00 and gave the stock an “equal weight” rating in a report on Thursday, October 30th. Morgan Stanley raised their price target on shares of Caterpillar from $350.00 to $380.00 and gave the company an “underweight” rating in a research note on Thursday, October 30th. Finally, Royal Bank Of Canada assumed coverage on shares of Caterpillar in a research note on Wednesday, October 22nd. They issued a “sector perform” rating and a $560.00 price objective on the stock. Three research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Caterpillar presently has a consensus rating of “Moderate Buy” and a consensus target price of $610.32.

Insider Transactions at Caterpillar

In related news, CAO William E. Schaupp sold 1,200 shares of the business’s stock in a transaction on Wednesday, November 5th. The shares were sold at an average price of $572.22, for a total transaction of $686,664.00. Following the transaction, the chief accounting officer owned 1,323 shares in the company, valued at $757,047.06. The trade was a 47.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Donald J. Umpleby III sold 17,168 shares of the firm’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $412.87, for a total transaction of $7,088,152.16. Following the completion of the sale, the chairman owned 482,505 shares of the company’s stock, valued at $199,211,839.35. The trade was a 3.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 86,229 shares of company stock valued at $43,323,118. 0.33% of the stock is owned by insiders.

Caterpillar Profile

Caterpillar Inc manufactures and sells construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives in worldwide. Its Construction Industries segment offers asphalt pavers, compactors, road reclaimers, forestry machines, cold planers, material handlers, track-type tractors, excavators, telehandlers, motor graders, and pipelayers; compact track, wheel, track-type, backhoe, and skid steer loaders; and related parts and tools.