Caterpillar Inc. (NYSE:CAT) Shares Sold by Oxbow Advisors LLC

Oxbow Advisors LLC decreased its stake in shares of Caterpillar Inc. (NYSE:CAT) by 13.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,667 shares of the industrial products company’s stock after selling 1,300 shares during the period. Oxbow Advisors LLC’s holdings in Caterpillar were worth $1,280,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of CAT. Fisher Asset Management LLC increased its position in Caterpillar by 8,442.2% during the third quarter. Fisher Asset Management LLC now owns 5,376,797 shares of the industrial products company’s stock worth $679,143,000 after purchasing an additional 5,313,853 shares during the last quarter. American International Group Inc. increased its position in Caterpillar by 702.9% during the fourth quarter. American International Group Inc. now owns 2,510,280 shares of the industrial products company’s stock worth $370,718,000 after purchasing an additional 2,197,615 shares during the last quarter. Sanders Capital LLC increased its position in Caterpillar by 14.6% during the fourth quarter. Sanders Capital LLC now owns 7,156,246 shares of the industrial products company’s stock worth $1,197,656,000 after purchasing an additional 909,436 shares during the last quarter. Hexavest Inc. increased its position in Caterpillar by 253.0% during the fourth quarter. Hexavest Inc. now owns 461,879 shares of the industrial products company’s stock worth $68,210,000 after purchasing an additional 331,018 shares during the last quarter. Finally, Strs Ohio increased its position in Caterpillar by 95.4% during the fourth quarter. Strs Ohio now owns 479,229 shares of the industrial products company’s stock worth $70,772,000 after purchasing an additional 233,962 shares during the last quarter. 64.93% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts recently commented on CAT shares. Royal Bank of Canada dropped their price target on shares of Caterpillar from $152.00 to $145.00 and set a “positive” rating for the company in a research report on Monday, February 3rd. ValuEngine raised shares of Caterpillar from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. Credit Suisse Group dropped their price objective on shares of Caterpillar from $173.00 to $162.00 and set an “outperform” rating for the company in a research report on Monday, February 3rd. Robert W. Baird reissued a “buy” rating and issued a $185.00 price objective on shares of Caterpillar in a research report on Monday, February 3rd. Finally, Deutsche Bank increased their price objective on shares of Caterpillar from $123.00 to $147.00 and gave the stock a “hold” rating in a research report on Wednesday, December 18th. Five investment analysts have rated the stock with a sell rating, seven have given a hold rating and ten have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $145.47.

CAT traded down $1.73 during trading hours on Friday, reaching $137.99. 2,813,298 shares of the stock traded hands, compared to its average volume of 3,129,658. The firm’s fifty day simple moving average is $142.47 and its two-hundred day simple moving average is $134.86. The company has a market cap of $74.23 billion, a price-to-earnings ratio of 12.88, a PEG ratio of 1.64 and a beta of 1.50. Caterpillar Inc. has a fifty-two week low of $111.75 and a fifty-two week high of $150.55. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.47 and a quick ratio of 1.05.

Caterpillar (NYSE:CAT) last released its quarterly earnings results on Friday, January 31st. The industrial products company reported $2.63 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.37 by $0.26. The business had revenue of $13.14 billion during the quarter, compared to analyst estimates of $13.42 billion. Caterpillar had a net margin of 11.32% and a return on equity of 41.85%. The business’s revenue was down 8.4% on a year-over-year basis. During the same period last year, the business earned $2.55 EPS. On average, research analysts predict that Caterpillar Inc. will post 9.34 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Tuesday, January 21st will be issued a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date of this dividend is Friday, January 17th. Caterpillar’s payout ratio is 37.25%.

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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