Longbow Finance SA reduced its stake in Caterpillar Inc. (NYSE:CAT) by 13.7% in the third quarter, selling 4,494 shares and now holding 28,193 shares valued at $13,452,000. Institutional investors own 70.98% of the company’s stock, while corporate insiders have sold a significant number of shares recently. Analysts currently rate Caterpillar as a “Moderate Buy” with a consensus target price of $702.95, and the company recently announced a quarterly dividend of $1.51 per share.
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Longbow Finance SA Sells 4,494 Shares of Caterpillar Inc. $CAT
Longbow Finance SA reduced its stake in Caterpillar Inc. (NYSE:CAT) by 13.7% in the third quarter, selling 4,494 shares and now holding 28,193 shares valued at $13,452,000. Institutional investors own 70.98% of the company’s stock, while corporate insiders have sold a significant number of shares recently. Analysts currently rate Caterpillar as a “Moderate Buy” with a consensus target price of $702.95, and the company recently announced a quarterly dividend of $1.51 per share.