Columbia Trust Co 01012016 Acquires 224 Shares of Caterpillar Inc. (NYSE:CAT)

Columbia Trust Co 01012016 boosted its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 2.8% in the 3rd quarter, Holdings Channel.com reports. The firm owned 8,291 shares of the industrial products company’s stock after purchasing an additional 224 shares during the quarter. Columbia Trust Co 01012016’s holdings in Caterpillar were worth $1,591,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in CAT. Camden National Bank boosted its stake in Caterpillar by 9.6% during the 4th quarter. Camden National Bank now owns 1,833 shares of the industrial products company’s stock valued at $333,000 after purchasing an additional 160 shares during the period. Hoylecohen LLC boosted its stake in Caterpillar by 10.1% during the 1st quarter. Hoylecohen LLC now owns 6,477 shares of the industrial products company’s stock valued at $1,502,000 after purchasing an additional 593 shares during the period. Man Group plc boosted its stake in Caterpillar by 284.1% during the 1st quarter. Man Group plc now owns 10,022 shares of the industrial products company’s stock valued at $2,324,000 after purchasing an additional 7,413 shares during the period. Cubist Systematic Strategies LLC boosted its stake in Caterpillar by 10.8% during the 1st quarter. Cubist Systematic Strategies LLC now owns 8,264 shares of the industrial products company’s stock valued at $1,916,000 after purchasing an additional 804 shares during the period. Finally, Tudor Investment Corp Et Al boosted its stake in Caterpillar by 314.8% during the 1st quarter. Tudor Investment Corp Et Al now owns 5,483 shares of the industrial products company’s stock valued at $1,271,000 after purchasing an additional 4,161 shares during the period. Hedge funds and other institutional investors own 67.66% of the company’s stock.

CAT has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft cut their price target on Caterpillar from $258.00 to $241.00 and set a “buy” rating for the company in a report on Monday, August 2nd. Morgan Stanley upped their price target on Caterpillar from $165.00 to $166.00 and gave the company an “underweight” rating in a report on Friday, October 29th. Tigress Financial reaffirmed a “buy” rating and issued a $270.00 price target on shares of Caterpillar in a report on Friday, August 6th. Evercore ISI cut their price target on Caterpillar from $291.00 to $257.00 and set an “outperform” rating for the company in a report on Thursday, October 14th. Finally, Credit Suisse Group upped their price target on Caterpillar from $239.00 to $240.00 and gave the company an “outperform” rating in a report on Friday, October 29th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $234.05.

NYSE CAT opened at $207.07 on Thursday. The firm has a market cap of $112.01 billion, a PE ratio of 22.15, a price-to-earnings-growth ratio of 1.61 and a beta of 0.93. Caterpillar Inc. has a one year low of $172.28 and a one year high of $246.69. The stock’s 50 day simple moving average is $200.06 and its 200 day simple moving average is $212.35. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.61 and a quick ratio of 1.09.

Caterpillar (NYSE:CAT) last released its quarterly earnings results on Thursday, October 28th. The industrial products company reported $2.66 EPS for the quarter, topping the Zacks’ consensus estimate of $2.26 by $0.40. The business had revenue of $12.40 billion for the quarter, compared to analyst estimates of $12.46 billion. Caterpillar had a return on equity of 34.41% and a net margin of 10.64%. Caterpillar’s revenue for the quarter was up 25.5% on a year-over-year basis. During the same period in the prior year, the company earned $1.34 EPS. As a group, equities analysts expect that Caterpillar Inc. will post 10.35 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, November 19th. Investors of record on Monday, October 25th were given a dividend of $1.11 per share. The ex-dividend date was Friday, October 22nd. This represents a $4.44 dividend on an annualized basis and a yield of 2.14%. Caterpillar’s dividend payout ratio (DPR) is presently 47.49%.

In related news, insider Joseph E. Creed sold 5,038 shares of the stock in a transaction that occurred on Monday, November 1st. The stock was sold at an average price of $204.09, for a total transaction of $1,028,205.42. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.18% of the stock is owned by corporate insiders.

Caterpillar 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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