Investment Centers of America Inc. boosted its stake in Caterpillar, Inc. (NYSE:CAT) by 8.4% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 35,050 shares of the industrial products company’s stock after buying an additional 2,730 shares during the period. Investment Centers of America Inc.’s holdings in Caterpillar were worth $3,248,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position 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 during the last quarter. FMR LLC boosted its position 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 during the last quarter. Morgan Stanley boosted its position 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 during the last quarter. Primecap Management Co. CA boosted its position in Caterpillar by 16.9% in 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 buying an additional 1,047,922 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in Caterpillar by 8.1% in 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 buying an additional 419,191 shares during 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 trading on Friday, hitting $112.85. 2,130,558 shares of the stock traded hands. The stock has a market cap of $66.69 billion, a PE 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 released its quarterly earnings results on Tuesday, July 25th. The industrial products company reported $1.49 EPS for the quarter, topping analysts’ consensus estimates of $1.26 by $0.23. Caterpillar had a net margin of 0.27% and a return on equity of 18.52%. The firm had revenue of $11.33 billion during the quarter, compared to analysts’ expectations of $10.96 billion. During the same period in the previous year, the company earned $1.09 EPS. The firm’s revenue for the quarter was up 9.6% compared to the same quarter last year. Analysts anticipate that Caterpillar, Inc. will post $5.24 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Saturday, August 19th. Investors of record on Thursday, July 20th will be paid a dividend of $0.78 per share. The ex-dividend date of this dividend is Tuesday, July 18th. This is a boost from Caterpillar’s previous quarterly dividend of $0.77. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.76%. Caterpillar’s payout ratio is currently 2,080.00%.

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Several research analysts recently issued reports on CAT shares. BidaskClub upgraded shares of Caterpillar from a “hold” rating to a “buy” rating in a research report on Saturday, July 1st. Axiom Securities reiterated a “sell” rating on shares of Caterpillar in a research report on Tuesday, June 6th. Wells Fargo & Company reiterated an “outperform” rating on shares of Caterpillar in a research report on Wednesday, July 26th. Raymond James Financial, Inc. upgraded shares of Caterpillar to a “buy” rating and set a $55.00 target price for the company in a research report on Thursday, April 27th. Finally, Credit Suisse Group set a $123.00 target price on shares of Caterpillar and gave the stock a “buy” rating in a research report on Tuesday, July 25th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $107.15.

In related news, Director William A. Osborn sold 5,000 shares of Caterpillar stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $113.67, for a total transaction of $568,350.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 transaction of $1,584,083.70. Following the transaction, the insider now directly owns 18,188 shares of the company’s stock, valued at $2,078,888.40. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 201,471 shares of company stock valued at $22,979,332. 0.15% of the stock is owned by corporate insiders.

Caterpillar Company Profile

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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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