Caterpillar Inc. (CAT) Position Raised by Schroder Investment Management Group

Schroder Investment Management Group lifted its stake in shares of Caterpillar Inc. (NYSE:CAT) by 7.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 770,480 shares of the industrial products company’s stock after purchasing an additional 54,661 shares during the quarter. Schroder Investment Management Group owned about 0.13% of Caterpillar worth $121,411,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Bridges Investment Management Inc. raised its stake in shares of Caterpillar by 7.4% during the fourth quarter. Bridges Investment Management Inc. now owns 5,096 shares of the industrial products company’s stock valued at $803,000 after purchasing an additional 350 shares in the last quarter. Murphy Middleton Hinkle & Parker Inc. bought a new stake in Caterpillar in the fourth quarter worth about $1,403,000. Montag A & Associates Inc. bought a new stake in Caterpillar in the fourth quarter worth about $1,445,000. Rhumbline Advisers raised its position in Caterpillar by 3.7% in the fourth quarter. Rhumbline Advisers now owns 901,733 shares of the industrial products company’s stock worth $142,095,000 after acquiring an additional 31,930 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. raised its position in Caterpillar by 1.4% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 203,128 shares of the industrial products company’s stock worth $32,009,000 after acquiring an additional 2,856 shares in the last quarter. Institutional investors and hedge funds own 68.70% of the company’s stock.

Shares of Caterpillar Inc. (CAT) opened at $155.56 on Wednesday. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.97 and a current ratio of 1.35. The stock has a market capitalization of $93,402.93, a PE ratio of 123.46, a price-to-earnings-growth ratio of 1.67 and a beta of 1.23. Caterpillar Inc. has a twelve month low of $90.34 and a twelve month high of $173.24.

Caterpillar (NYSE:CAT) last posted its quarterly earnings data on Thursday, January 25th. The industrial products company reported $2.16 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.77 by $0.39. The firm had revenue of $12.90 billion for the quarter, compared to the consensus estimate of $12.01 billion. Caterpillar had a return on equity of 28.69% and a net margin of 1.66%. The business’s revenue for the quarter was up 34.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.83 EPS. equities analysts expect that Caterpillar Inc. will post 9.05 earnings per share for the current year.

The firm also recently announced 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. The ex-dividend date was Friday, January 19th. This represents a $3.12 annualized dividend and a yield of 2.01%. Caterpillar’s dividend payout ratio (DPR) is presently 247.62%.

In other Caterpillar news, insider Thomas A. Pellette sold 95,199 shares of Caterpillar stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $163.09, for a total transaction of $15,526,004.91. Following the transaction, the insider now owns 96,268 shares of the company’s stock, valued at approximately $15,700,348.12. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, General Counsel Suzette M. Long sold 528 shares of Caterpillar stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $160.46, for a total value of $84,722.88. Following the transaction, the general counsel now directly owns 19,646 shares in the company, valued at approximately $3,152,397.16. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 101,574 shares of company stock worth $16,413,346. Company insiders own 0.14% of the company’s stock.

Several brokerages have commented on CAT. Seaport Global Securities upgraded shares of Caterpillar from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $170.90 to $195.00 in a research report on Tuesday, January 23rd. Vetr upgraded shares of Caterpillar from a “sell” rating to a “hold” rating and set a $164.34 price target on the stock in a research report on Monday, January 22nd. Citigroup reiterated a “neutral” rating and issued a $185.00 price target (up from $160.00) on shares of Caterpillar in a research report on Friday, January 19th. Barclays set a $180.00 price target on shares of Caterpillar and gave the stock an “overweight” rating in a research report on Wednesday, January 24th. Finally, Bank of America reiterated a “buy” rating and issued a $189.00 price target (up from $158.00) on shares of Caterpillar in a research report on Friday, January 12th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and sixteen have assigned a buy rating to the company’s stock. Caterpillar presently has a consensus rating of “Buy” and a consensus price target of $167.60.

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Caterpillar Company Profile

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.

Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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