Fruth Investment Management Continues to Hold Stake in Caterpillar, Inc. (NYSE:CAT)

Fruth Investment Management maintained its position in Caterpillar, Inc. (NYSE:CAT) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,413 shares of the industrial products company’s stock at the end of the second quarter. Fruth Investment Management’s holdings in Caterpillar were worth $1,011,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. FMR LLC increased its stake in 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 in the last quarter. Renaissance Technologies LLC acquired a new stake in Caterpillar during the first quarter valued at about $143,490,000. Morgan Stanley increased its stake in Caterpillar by 15.1% in the first quarter. Morgan Stanley now owns 10,398,677 shares of the industrial products company’s stock valued at $964,579,000 after buying an additional 1,365,856 shares in the last quarter. Vanguard Group Inc. increased its stake 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 valued at $3,603,500,000 after buying an additional 1,342,984 shares in the last quarter. Finally, Cibc World Markets Corp increased its stake in 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 valued at $118,405,000 after buying an additional 1,066,492 shares in the last quarter. 70.53% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Caterpillar, Inc. (NYSE CAT) traded down 0.27% during mid-day trading on Friday, hitting $112.85. The stock had a trading volume of 2,130,558 shares. The stock has a market cap of $66.69 billion, a price-to-earnings ratio of 630.45 and a beta of 1.25. The firm’s 50-day moving average price is $109.77 and its 200 day moving average price is $101.19. Caterpillar, Inc. has a 12-month low of $79.93 and a 12-month high of $115.46.

Caterpillar (NYSE:CAT) last announced its quarterly earnings data on Tuesday, July 25th. The industrial products company reported $1.49 EPS for the quarter, beating the Zacks’ consensus estimate of $1.26 by $0.23. The firm had revenue of $11.33 billion for the quarter, compared to analyst estimates of $10.96 billion. Caterpillar had a return on equity of 18.52% and a net margin of 0.27%. The business’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same period last year, the company earned $1.09 EPS. Equities analysts forecast that Caterpillar, Inc. will post $5.24 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Saturday, August 19th. Stockholders of record on Thursday, July 20th will be given a $0.78 dividend. This is a positive change from Caterpillar’s previous quarterly dividend of $0.77. This represents a $3.12 annualized dividend and a dividend yield of 2.76%. The ex-dividend date of this dividend is Tuesday, July 18th. Caterpillar’s dividend payout ratio (DPR) is currently 2,080.00%.

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Several equities research analysts have issued reports on CAT shares. Vetr downgraded Caterpillar from a “sell” rating to a “strong sell” rating and set a $86.90 price objective on the stock. in a report on Tuesday, April 25th. Stifel Nicolaus dropped their price objective on Caterpillar from $111.00 to $95.00 and set a “hold” rating on the stock in a report on Wednesday, April 26th. Royal Bank Of Canada restated a “hold” rating and set a $101.00 price objective on shares of Caterpillar in a report on Wednesday, April 26th. Raymond James Financial, Inc. upgraded Caterpillar to a “buy” rating and set a $55.00 price objective on the stock in a report on Thursday, April 27th. Finally, UBS AG restated a “neutral” rating and set a $102.00 price objective (up from $98.00) on shares of Caterpillar in a report on Friday, April 28th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $107.15.

In other news, insider Bradley M. Halverson sold 182,612 shares of the firm’s stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $114.05, for a total value of $20,826,898.60. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Suzette M. Long sold 13,859 shares of Caterpillar stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $114.30, for a total value of $1,584,083.70. Following the transaction, the insider now owns 18,188 shares in the company, valued at $2,078,888.40. The disclosure for this sale can be found here. Insiders sold a total of 201,471 shares of company stock worth $22,979,332 over the last 90 days. 0.15% of the stock is owned by corporate insiders.

Caterpillar Company Profile

Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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