Berkeley Capital Partners LLC Lowers Stock Holdings in Caterpillar Inc. (NYSE:CAT)

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Berkeley Capital Partners LLC lowered its stake in shares of Caterpillar Inc. (NYSE:CAT) by 54.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,896 shares of the industrial products company’s stock after selling 2,225 shares during the quarter. Berkeley Capital Partners LLC’s holdings in Caterpillar were worth $240,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CAT. Capital Analysts LLC grew its holdings in shares of Caterpillar by 108.2% during the first quarter. Capital Analysts LLC now owns 229 shares of the industrial products company’s stock worth $27,000 after buying an additional 119 shares during the last quarter. Private Ocean LLC boosted its holdings in Caterpillar by 62.9% in the 1st quarter. Private Ocean LLC now owns 259 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 100 shares in the last quarter. Central Bank & Trust Co. purchased a new stake in Caterpillar in the 1st quarter valued at approximately $33,000. Modus Advisors LLC purchased a new stake in Caterpillar in the 2nd quarter valued at approximately $33,000. Finally, Glassman Wealth Services boosted its holdings in Caterpillar by 52.6% in the 1st quarter. Glassman Wealth Services now owns 296 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 102 shares in the last quarter. 66.80% of the stock is currently owned by hedge funds and other institutional investors.

CAT traded down $3.85 during trading on Friday, hitting $132.88. The company’s stock had a trading volume of 6,782,180 shares, compared to its average volume of 2,742,059. The firm’s 50 day moving average price is $129.98 and its 200-day moving average price is $123.93. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.42 and a quick ratio of 0.97. The stock has a market cap of $71.92 billion, a PE ratio of 14.08, a PEG ratio of 2.20 and a beta of 1.10. Caterpillar Inc. has a twelve month low of $87.50 and a twelve month high of $150.55.

Caterpillar (NYSE:CAT) last issued its quarterly earnings results on Friday, July 31st. The industrial products company reported $1.03 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.37. The company had revenue of $10 billion during the quarter, compared to the consensus estimate of $9.40 billion. Caterpillar had a return on equity of 37.15% and a net margin of 10.41%. Caterpillar’s revenue was down 30.7% on a year-over-year basis. During the same period in the previous year, the firm posted $2.83 EPS. Equities analysts anticipate that Caterpillar Inc. will post 5.19 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 20th. Shareholders of record on Monday, July 20th will be issued a $1.03 dividend. The ex-dividend date is Friday, July 17th. This represents a $4.12 annualized dividend and a yield of 3.10%. Caterpillar’s dividend payout ratio (DPR) is presently 37.25%.

A number of equities research analysts have weighed in on the company. UBS Group lifted their price objective on Caterpillar from $112.00 to $130.00 and gave the company a “neutral” rating in a report on Thursday, June 11th. Tigress Financial reaffirmed a “buy” rating on shares of Caterpillar in a report on Wednesday, July 15th. Morgan Stanley lowered Caterpillar from an “equal weight” rating to an “underweight” rating and set a $93.00 price objective on the stock. in a report on Monday, April 27th. Zacks Investment Research lowered Caterpillar from a “hold” rating to a “strong sell” rating and set a $130.00 price target on the stock. in a research note on Tuesday, June 30th. Finally, Goldman Sachs Group set a $144.00 price objective on Caterpillar and gave the stock a “buy” rating in a research report on Tuesday, April 28th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have issued a buy rating to the company. Caterpillar currently has a consensus rating of “Hold” and an average price target of $135.22.

About Caterpillar

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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