Xact Kapitalforvaltning AB increased its position in shares of Caterpillar, Inc. (NYSE:CAT) by 4.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 48,116 shares of the industrial products company’s stock after buying an additional 1,871 shares during the period. Xact Kapitalforvaltning AB’s holdings in Caterpillar were worth $6,001,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in CAT. Tredje AP fonden increased its stake in Caterpillar by 0.9% during the 1st quarter. Tredje AP fonden now owns 48,519 shares of the industrial products company’s stock worth $4,501,000 after buying an additional 414 shares during the period. Fort Washington Investment Advisors Inc. OH increased its position in shares of Caterpillar by 2.0% in the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 64,848 shares of the industrial products company’s stock worth $6,015,000 after purchasing an additional 1,250 shares during the last quarter. AE Wealth Management LLC increased its position in shares of Caterpillar by 99.9% in the 1st quarter. AE Wealth Management LLC now owns 18,660 shares of the industrial products company’s stock worth $1,731,000 after purchasing an additional 9,324 shares during the last quarter. InterOcean Capital LLC increased its position in shares of Caterpillar by 39.4% in the 1st quarter. InterOcean Capital LLC now owns 5,445 shares of the industrial products company’s stock worth $505,000 after purchasing an additional 1,540 shares during the last quarter. Finally, Oarsman Capital Inc. increased its position in shares of Caterpillar by 40.0% in the 1st quarter. Oarsman Capital Inc. now owns 4,355 shares of the industrial products company’s stock worth $404,000 after purchasing an additional 1,245 shares during the last quarter. 69.38% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Caterpillar, Inc. (NYSE:CAT) opened at $136.13 on Friday. The firm has a market cap of $80,988.38, a P/E ratio of 24.53, a PEG ratio of 2.06 and a beta of 1.29. Caterpillar, Inc. has a one year low of $90.34 and a one year high of $140.44. The company has a quick ratio of 1.04, a current ratio of 1.44 and a debt-to-equity ratio of 1.58.

Caterpillar (NYSE:CAT) last issued its quarterly earnings results on Tuesday, October 24th. The industrial products company reported $1.95 earnings per share for the quarter, topping analysts’ consensus estimates of $1.27 by $0.68. The company had revenue of $11.41 billion during the quarter, compared to analyst estimates of $10.69 billion. Caterpillar had a net margin of 2.09% and a return on equity of 23.22%. The business’s revenue for the quarter was up 24.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.85 EPS. research analysts anticipate that Caterpillar, Inc. will post 6.4 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, November 20th. Stockholders of record on Monday, October 23rd will be paid a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date is Friday, October 20th. Caterpillar’s dividend payout ratio is currently 216.67%.

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Several equities research analysts have recently weighed in on the stock. UBS AG set a $155.00 target price on shares of Caterpillar and gave the stock a “buy” rating in a research report on Wednesday, October 25th. Stifel Nicolaus boosted their target price on shares of Caterpillar from $125.00 to $145.00 and gave the stock a “hold” rating in a research report on Wednesday, October 25th. Royal Bank Of Canada boosted their target price on shares of Caterpillar from $120.00 to $143.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 25th. Robert W. Baird boosted their target price on shares of Caterpillar from $130.00 to $140.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 25th. Finally, Bank of America Corporation set a $152.00 target price on shares of Caterpillar and gave the stock a “buy” rating in a research report on Wednesday, October 25th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. Caterpillar has a consensus rating of “Hold” and a consensus target price of $133.92.

In other news, Director Daniel M. Dickinson sold 3,813 shares of the company’s stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $137.09, for a total value of $522,724.17. Following the completion of the sale, the director now directly owns 6,554 shares of the company’s stock, valued at approximately $898,487.86. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Lange Bob De sold 1,572 shares of the company’s stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $137.58, for a total transaction of $216,275.76. Following the completion of the sale, the insider now directly owns 11,096 shares of the company’s stock, valued at $1,526,587.68. The disclosure for this sale can be found here. Corporate insiders own 0.14% of the company’s stock.

About Caterpillar

Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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