Caterpillar Inc. (CAT) Position Cut by Aull & Monroe Investment Management Corp

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Aull & Monroe Investment Management Corp cut its position in shares of Caterpillar Inc. (NYSE:CAT) by 6.1% during the first quarter, HoldingsChannel reports. The institutional investor owned 30,926 shares of the industrial products company’s stock after selling 2,025 shares during the quarter. Caterpillar makes up 2.2% of Aull & Monroe Investment Management Corp’s portfolio, making the stock its 13th largest holding. Aull & Monroe Investment Management Corp’s holdings in Caterpillar were worth $4,190,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc lifted its holdings in Caterpillar by 1.1% during the third quarter. Vanguard Group Inc now owns 49,811,616 shares of the industrial products company’s stock valued at $7,595,773,000 after purchasing an additional 534,451 shares in the last quarter. BlackRock Inc. lifted its holdings in Caterpillar by 1.5% during the fourth quarter. BlackRock Inc. now owns 35,985,874 shares of the industrial products company’s stock valued at $4,572,725,000 after purchasing an additional 529,926 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in Caterpillar by 6,835.4% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 9,054,500 shares of the industrial products company’s stock valued at $71,000 after purchasing an additional 8,923,946 shares in the last quarter. Northern Trust Corp lifted its holdings in Caterpillar by 1.9% during the fourth quarter. Northern Trust Corp now owns 7,379,026 shares of the industrial products company’s stock valued at $937,652,000 after purchasing an additional 134,479 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Caterpillar by 4.8% during the fourth quarter. Geode Capital Management LLC now owns 7,022,665 shares of the industrial products company’s stock valued at $890,658,000 after purchasing an additional 321,277 shares in the last quarter. 67.07% of the stock is currently owned by hedge funds and other institutional investors.

CAT has been the topic of several recent analyst reports. Robert W. Baird set a $161.00 price objective on shares of Caterpillar and gave the company a “buy” rating in a report on Tuesday, January 29th. Bank of America set a $152.00 price objective on shares of Caterpillar and gave the company a “buy” rating in a report on Tuesday, January 29th. Morgan Stanley set a $160.00 price objective on shares of Caterpillar and gave the company a “buy” rating in a report on Tuesday, January 29th. Credit Suisse Group reaffirmed a “buy” rating and set a $173.00 price objective on shares of Caterpillar in a report on Thursday, February 14th. Finally, William Blair reaffirmed a “hold” rating on shares of Caterpillar in a report on Tuesday, January 29th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and fourteen have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $146.71.

Shares of NYSE CAT opened at $142.38 on Tuesday. The stock has a market capitalization of $82.51 billion, a PE ratio of 12.69, a price-to-earnings-growth ratio of 0.75 and a beta of 1.46. The company has a quick ratio of 0.96, a current ratio of 1.37 and a debt-to-equity ratio of 1.78. Caterpillar Inc. has a 52 week low of $112.06 and a 52 week high of $161.60.

Caterpillar (NYSE:CAT) last issued its earnings results on Monday, January 28th. The industrial products company reported $2.55 EPS for the quarter, missing the Zacks’ consensus estimate of $2.98 by ($0.43). The business had revenue of $14.34 billion during the quarter, compared to analyst estimates of $14.36 billion. Caterpillar had a net margin of 11.23% and a return on equity of 45.31%. Caterpillar’s quarterly revenue was up 11.2% on a year-over-year basis. During the same quarter last year, the company earned $2.16 earnings per share. As a group, equities research analysts predict that Caterpillar Inc. will post 12.19 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 20th. Stockholders of record on Monday, April 22nd will be given a $0.86 dividend. This represents a $3.44 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date of this dividend is Thursday, April 18th. Caterpillar’s dividend payout ratio (DPR) is 30.66%.

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About Caterpillar

Caterpillar Inc manufactures and sells construction and mining equipment, diesel and natural gas engines, and industrial gas turbines. Its Construction Industries segment offers asphalt pavers, compactors, cold planers, feller bunchers, harvesters, motorgraders, pipelayers, road reclaimers, skidders, telehandlers, and utility vehicles; backhoe, knuckleboom, compact track, multi-terrain, skid steer, and track-type loaders; forestry and wheel excavators; and site prep and track-type tractors.

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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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