Teacher Retirement System of Texas decreased its position in shares of Caterpillar Inc. (NYSE:CAT) by 28.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,569 shares of the industrial products company’s stock after selling 6,924 shares during the quarter. Teacher Retirement System of Texas’ holdings in Caterpillar were worth $2,380,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the company. Oregon Public Employees Retirement Fund lifted its position in Caterpillar by 6,835.4% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 9,054,500 shares of the industrial products company’s stock valued at $71,000 after buying an additional 8,923,946 shares during the last quarter. Norges Bank acquired a new position in Caterpillar in the fourth quarter valued at about $733,859,000. Sanders Capital LLC acquired a new position in Caterpillar in the fourth quarter valued at about $422,262,000. Harris Associates L P lifted its position in Caterpillar by 38.8% in the fourth quarter. Harris Associates L P now owns 3,529,388 shares of the industrial products company’s stock valued at $448,479,000 after buying an additional 987,103 shares during the last quarter. Finally, LSV Asset Management lifted its position in Caterpillar by 3,805.2% in the fourth quarter. LSV Asset Management now owns 620,926 shares of the industrial products company’s stock valued at $78,901,000 after buying an additional 605,026 shares during the last quarter. 66.67% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:CAT opened at $122.90 on Friday. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.98 and a current ratio of 1.43. The stock has a market cap of $70.28 billion, a price-to-earnings ratio of 10.95, a price-to-earnings-growth ratio of 0.85 and a beta of 1.45. Caterpillar Inc. has a 1 year low of $112.06 and a 1 year high of $159.37.

Caterpillar (NYSE:CAT) last issued its quarterly earnings results on Wednesday, April 24th. The industrial products company reported $2.94 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.84 by $0.10. The company had revenue of $13.47 billion for the quarter, compared to analyst estimates of $13.36 billion. Caterpillar had a net margin of 11.50% and a return on equity of 45.08%. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.82 earnings per share. Analysts anticipate that Caterpillar Inc. will post 12.24 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 20th. Shareholders of record on Monday, July 22nd will be paid a dividend of $1.03 per share. The ex-dividend date is Friday, July 19th. This is a positive change from Caterpillar’s previous quarterly dividend of $0.86. This represents a $4.12 dividend on an annualized basis and a yield of 3.35%. Caterpillar’s dividend payout ratio is 30.66%.

A number of research firms have commented on CAT. ValuEngine cut shares of Caterpillar from a “hold” rating to a “sell” rating in a research report on Wednesday, May 8th. UBS Group set a $125.00 target price on shares of Caterpillar and gave the company a “sell” rating in a research report on Friday, May 3rd. Morgan Stanley set a $165.00 target price on shares of Caterpillar and gave the company a “buy” rating in a research report on Wednesday, April 10th. Bank of America set a $152.00 target price on shares of Caterpillar and gave the company a “buy” rating in a research report on Thursday, April 4th. Finally, Deutsche Bank cut shares of Caterpillar from a “buy” rating to a “hold” rating and decreased their target price for the company from $152.00 to $128.00 in a research report on Wednesday, April 3rd. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and thirteen have given a buy rating to the stock. Caterpillar has an average rating of “Hold” and an average target price of $145.39.

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Caterpillar Company Profile

Caterpillar, Inc engages in the manufacture of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. It operates through the following segments: Construction Industries, Resource Industries, Energy and Transportation, Financial Products, and All Other.

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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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