Caterpillar, Inc. (CAT) Position Boosted by Barings LLC

Barings LLC increased its position in Caterpillar, Inc. (NYSE:CAT) by 14.6% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 52,005 shares of the industrial products company’s stock after purchasing an additional 6,620 shares during the period. Barings LLC’s holdings in Caterpillar were worth $6,486,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Quadrant Capital Group LLC lifted its position in Caterpillar by 10.6% in the 2nd quarter. Quadrant Capital Group LLC now owns 1,339 shares of the industrial products company’s stock worth $102,000 after buying an additional 128 shares in the last quarter. Baker Ellis Asset Management LLC purchased a new stake in Caterpillar in the 2nd quarter worth approximately $104,000. Motco lifted its position in Caterpillar by 264.9% in the 2nd quarter. Motco now owns 989 shares of the industrial products company’s stock worth $106,000 after buying an additional 718 shares in the last quarter. Harbour Capital Advisors LLC purchased a new stake in Caterpillar in the 1st quarter worth approximately $107,000. Finally, Acrospire Investment Management LLC lifted its position in Caterpillar by 900.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,000 shares of the industrial products company’s stock worth $107,000 after buying an additional 900 shares in the last quarter. 68.61% of the stock is owned by hedge funds and other institutional investors.

CAT has been the subject of a number of research analyst reports. Vetr downgraded shares of Caterpillar from a “buy” rating to a “hold” rating and set a $120.03 target price for the company. in a research report on Tuesday, August 22nd. BidaskClub upgraded shares of Caterpillar from a “sell” rating to a “hold” rating in a research report on Friday, August 25th. Royal Bank of Canada reiterated a “hold” rating on shares of Caterpillar in a research report on Tuesday, August 29th. Jefferies Group reiterated a “hold” rating and issued a $100.00 target price on shares of Caterpillar in a research report on Tuesday, August 29th. Finally, ValuEngine upgraded shares of Caterpillar from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $139.14.

In related news, insider Thomas A. Pellette sold 24,547 shares of Caterpillar stock in a transaction on Friday, November 17th. The shares were sold at an average price of $135.69, for a total value of $3,330,782.43. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Jananne A. Copeland sold 3,247 shares of Caterpillar stock in a transaction on Friday, November 24th. The stock was sold at an average price of $136.95, for a total transaction of $444,676.65. Following the completion of the transaction, the insider now owns 8,908 shares in the company, valued at approximately $1,219,950.60. The disclosure for this sale can be found here. Insiders sold a total of 52,989 shares of company stock worth $7,235,850 in the last quarter. Insiders own 0.14% of the company’s stock.

Caterpillar, Inc. (NYSE:CAT) opened at $146.69 on Friday. The firm has a market cap of $87,288.72, a price-to-earnings ratio of 26.44, a PEG ratio of 2.21 and a beta of 1.29. The company has a debt-to-equity ratio of 1.58, a quick ratio of 1.04 and a current ratio of 1.44. Caterpillar, Inc. has a twelve month low of $90.34 and a twelve month high of $149.05.

Caterpillar (NYSE:CAT) last released its quarterly earnings results on Tuesday, October 24th. The industrial products company reported $1.95 earnings per share for the quarter, beating analysts’ consensus estimates of $1.27 by $0.68. The business had revenue of $11.41 billion for the quarter, compared to the consensus estimate of $10.69 billion. Caterpillar had a net margin of 2.09% and a return on equity of 23.22%. Caterpillar’s revenue for the quarter was up 24.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.85 EPS. sell-side analysts forecast that Caterpillar, Inc. will post 6.44 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 20th. Investors of record on Monday, January 22nd will be issued a $0.78 dividend. The ex-dividend date is Friday, January 19th. This represents a $3.12 annualized dividend and a yield of 2.13%. Caterpillar’s dividend payout ratio (DPR) is presently 216.67%.

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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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