APG Asset Management N.V. boosted its stake in Caterpillar, Inc. (NYSE:CAT) by 8.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 812,899 shares of the industrial products company’s stock after purchasing an additional 60,100 shares during the quarter. APG Asset Management N.V. owned about 0.14% of Caterpillar worth $101,377,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in Caterpillar by 6.1% in the second quarter. Vanguard Group Inc. now owns 41,225,175 shares of the industrial products company’s stock valued at $4,430,058,000 after purchasing an additional 2,377,623 shares in the last quarter. FMR LLC grew its position in Caterpillar by 11.7% during the second quarter. FMR LLC now owns 19,613,661 shares of the industrial products company’s stock valued at $2,107,684,000 after acquiring an additional 2,052,300 shares during the last quarter. Morgan Stanley grew its position in Caterpillar by 15.1% during the first quarter. Morgan Stanley now owns 10,398,677 shares of the industrial products company’s stock valued at $964,579,000 after acquiring an additional 1,365,856 shares during the last quarter. Primecap Management Co. CA grew its position in Caterpillar by 16.9% during the first quarter. Primecap Management Co. CA now owns 7,259,063 shares of the industrial products company’s stock valued at $673,351,000 after acquiring an additional 1,047,922 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in Caterpillar by 8.1% during the first quarter. Geode Capital Management LLC now owns 5,575,420 shares of the industrial products company’s stock valued at $516,423,000 after acquiring an additional 419,191 shares during the last quarter. 69.38% of the stock is currently owned by institutional investors and hedge funds.
In other Caterpillar news, Director Daniel M. Dickinson sold 3,813 shares of the firm’s stock in a transaction on Monday, October 30th. The stock was sold at an average price of $137.09, for a total transaction of $522,724.17. Following the completion of the transaction, the director now owns 6,554 shares of the company’s stock, valued at $898,487.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Lange Bob De sold 1,572 shares of the firm’s stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $137.58, for a total value of $216,275.76. Following the transaction, the insider now directly owns 11,096 shares of the company’s stock, valued at approximately $1,526,587.68. The disclosure for this sale can be found here. Company insiders own 0.14% of the company’s stock.
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Caterpillar, Inc. (CAT) opened at $136.13 on Friday. The company has a current ratio of 1.44, a quick ratio of 1.04 and a debt-to-equity ratio of 1.58. The company has a market capitalization of $80,990.00, a price-to-earnings ratio of 24.78, a price-to-earnings-growth ratio of 2.08 and a beta of 1.29. Caterpillar, Inc. has a 52-week low of $90.34 and a 52-week high of $140.44.
Caterpillar (NYSE:CAT) last announced its quarterly earnings data on Tuesday, October 24th. The industrial products company reported $1.95 EPS for the quarter, beating the consensus estimate of $1.27 by $0.68. The business had revenue of $11.41 billion during the quarter, compared to analyst estimates of $10.69 billion. Caterpillar had a return on equity of 23.22% and a net margin of 2.09%. The company’s revenue for the quarter was up 24.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.85 earnings per share. equities research analysts forecast that Caterpillar, Inc. will post 6.4 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 20th. Shareholders of record on Monday, October 23rd will be given a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 2.29%. The ex-dividend date is Friday, October 20th. Caterpillar’s dividend payout ratio is currently 216.67%.
A number of research analysts have commented on the stock. BMO Capital Markets increased their price target on shares of Caterpillar from $130.00 to $150.00 and gave the company an “outperform” rating in a research report on Thursday, September 14th. Vetr upgraded shares of Caterpillar from a “sell” rating to a “hold” rating and set a $131.05 price target on the stock in a research report on Thursday, October 19th. Zacks Investment Research cut shares of Caterpillar from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 26th. Stifel Nicolaus reiterated a “hold” rating and set a $125.00 price target on shares of Caterpillar in a research report on Sunday, July 30th. Finally, Argus increased their price target on shares of Caterpillar from $130.00 to $155.00 and gave the company a “buy” rating in a research report on Thursday, October 26th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and fourteen have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $133.92.
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