Teachers Advisors LLC increased its stake in shares of Caterpillar Inc. (NYSE:CAT) by 0.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,562,583 shares of the industrial products company’s stock after acquiring an additional 3,531 shares during the quarter. Teachers Advisors LLC owned approximately 0.26% of Caterpillar worth $246,232,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. WFG Advisors LP grew its position in shares of Caterpillar by 0.4% in the 2nd quarter. WFG Advisors LP now owns 8,538 shares of the industrial products company’s stock worth $917,000 after buying an additional 33 shares during the last quarter. Advisory Services Network LLC grew its position in shares of Caterpillar by 1.9% in the 2nd quarter. Advisory Services Network LLC now owns 9,887 shares of the industrial products company’s stock worth $1,062,000 after buying an additional 187 shares during the last quarter. Davis R M Inc. grew its position in shares of Caterpillar by 5.9% in the 4th quarter. Davis R M Inc. now owns 6,061 shares of the industrial products company’s stock worth $955,000 after buying an additional 337 shares during the last quarter. RiverPoint Capital Management LLC grew its position in shares of Caterpillar by 13.1% in the 4th quarter. RiverPoint Capital Management LLC now owns 2,980 shares of the industrial products company’s stock worth $470,000 after buying an additional 344 shares during the last quarter. Finally, Bridges Investment Management Inc. grew its position in shares of Caterpillar by 7.4% in the 4th quarter. Bridges Investment Management Inc. now owns 5,096 shares of the industrial products company’s stock worth $803,000 after buying an additional 350 shares during the last quarter. Institutional investors and hedge funds own 69.28% of the company’s stock.
CAT has been the topic of a number of recent analyst reports. Barclays set a $180.00 price objective on Caterpillar and gave the stock an “overweight” rating in a research report on Wednesday, January 24th. Bank of America lifted their price objective on Caterpillar from $189.00 to $192.00 and gave the stock a “buy” rating in a research report on Friday, January 26th. Wells Fargo & Co lifted their price objective on Caterpillar from $160.00 to $200.00 and gave the stock an “outperform” rating in a research report on Thursday, January 18th. Vetr upgraded Caterpillar from a “strong sell” rating to a “sell” rating and set a $151.72 price objective on the stock in a research report on Monday, January 15th. Finally, Jefferies Group reiterated a “hold” rating and issued a $170.00 price objective on shares of Caterpillar in a research report on Friday, January 26th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $169.06.
Caterpillar Inc. (CAT) opened at $158.25 on Monday. The stock has a market capitalization of $94,570.00, a price-to-earnings ratio of 30.26, a price-to-earnings-growth ratio of 1.45 and a beta of 1.23. Caterpillar Inc. has a one year low of $90.34 and a one year high of $173.24. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.97 and a current ratio of 1.35.
Caterpillar (NYSE:CAT) last announced its quarterly earnings data on Thursday, January 25th. The industrial products company reported $2.16 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.77 by $0.39. The business had revenue of $12.90 billion during the quarter, compared to analysts’ expectations of $12.01 billion. Caterpillar had a return on equity of 28.69% and a net margin of 1.66%. The firm’s quarterly revenue was up 34.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.83 earnings per share. equities research analysts forecast that Caterpillar Inc. will post 9.1 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 20th. Shareholders of record on Monday, January 22nd were paid a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date was Friday, January 19th. Caterpillar’s payout ratio is 59.66%.
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Caterpillar Inc is a manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The Company operates through segments, including Construction Industries, which is engaged in supporting customers using machinery in infrastructure, forestry and building construction; Resource Industries, which is engaged in supporting customers using machinery in mining, quarry, waste and material handling applications; Energy & Transportation, which supports customers in oil and gas, power generation, marine, rail and industrial applications, including Cat machines; Financial Products segment, which provides financing and related services, and All Other operating segments, which includes activities, such as product management and development, and manufacturing of filters and fluids, undercarriage, tires and rims, ground engaging tools, fluid transfer products, and sealing and connecting components for Cat products.
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