Caterpillar, Inc. (NYSE:CAT) Shares Sold by Glenview State Bank Trust DEPT.

Glenview State Bank Trust DEPT. reduced its stake in shares of Caterpillar, Inc. (NYSE:CAT) by 0.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 52,035 shares of the industrial products company’s stock after selling 475 shares during the period. Caterpillar makes up 2.9% of Glenview State Bank Trust DEPT.’s holdings, making the stock its 11th largest position. Glenview State Bank Trust DEPT.’s holdings in Caterpillar were worth $5,592,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. FMR LLC increased its position in shares of Caterpillar by 11.4% in the first quarter. FMR LLC now owns 17,561,361 shares of the industrial products company’s stock valued at $1,628,992,000 after buying an additional 1,798,312 shares during the period. Renaissance Technologies LLC purchased a new position in Caterpillar during the first quarter worth about $143,490,000. Morgan Stanley increased its position in Caterpillar by 15.1% in the first quarter. Morgan Stanley now owns 10,398,677 shares of the industrial products company’s stock worth $964,579,000 after buying an additional 1,365,856 shares during the last quarter. Vanguard Group Inc. increased its position in Caterpillar by 3.6% in the first quarter. Vanguard Group Inc. now owns 38,847,552 shares of the industrial products company’s stock worth $3,603,500,000 after buying an additional 1,342,984 shares during the last quarter. Finally, Cibc World Markets Corp boosted its stake in shares of Caterpillar by 507.9% in the first quarter. Cibc World Markets Corp now owns 1,276,465 shares of the industrial products company’s stock worth $118,405,000 after buying an additional 1,066,492 shares during the period. 70.55% of the stock is currently owned by institutional investors.

Caterpillar, Inc. (CAT) traded up 0.54% during mid-day trading on Friday, hitting $114.17. The stock had a trading volume of 1,501,327 shares. The firm has a market cap of $67.38 billion, a PE ratio of 637.82 and a beta of 1.25. The company has a 50-day moving average of $107.93 and a 200-day moving average of $100.19. Caterpillar, Inc. has a 12-month low of $79.93 and a 12-month high of $114.90.

Caterpillar (NYSE:CAT) last posted its quarterly earnings data on Tuesday, July 25th. The industrial products company reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.23. Caterpillar had a net margin of 0.27% and a return on equity of 18.52%. The firm had revenue of $11.33 billion for the quarter, compared to analysts’ expectations of $10.96 billion. During the same period in the previous year, the company posted $1.09 EPS. The company’s quarterly revenue was up 9.6% compared to the same quarter last year. Analysts expect that Caterpillar, Inc. will post $5.18 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, August 19th. Shareholders of record on Thursday, July 20th will be given a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 2.75%. This is a boost from Caterpillar’s previous quarterly dividend of $0.77. The ex-dividend date of this dividend is Tuesday, July 18th. Caterpillar’s payout ratio is presently 2,080.00%.

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A number of equities research analysts recently weighed in on the company. UBS AG restated a “neutral” rating and set a $102.00 price objective (up from $98.00) on shares of Caterpillar in a research note on Friday, April 28th. Atlantic Securities upgraded Caterpillar from an “underweight” rating to a “neutral” rating and increased their price target for the company from $85.00 to $115.00 in a research note on Thursday. Jefferies Group LLC restated a “hold” rating and issued a $120.00 price objective (up from $100.00) on shares of Caterpillar in a research note on Wednesday, July 26th. Axiom Securities restated a “sell” rating on shares of Caterpillar in a research note on Wednesday, July 26th. Finally, Bank of America Corporation restated a “buy” rating and issued a $135.00 price objective (up from $120.00) on shares of Caterpillar in a research note on Thursday, July 27th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $106.56.

In other news, insider Bradley M. Halverson sold 182,612 shares of the business’s stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $114.05, for a total transaction of $20,826,898.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director William A. Osborn sold 5,000 shares of the business’s stock in a transaction on Friday, July 28th. The shares were sold at an average price of $113.67, for a total transaction of $568,350.00. The disclosure for this sale can be found here. Insiders own 0.15% of the company’s stock.

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