Candriam Luxembourg S.C.A. reduced its stake in shares of Caterpillar Inc. (NYSE:CAT) by 16.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 122,883 shares of the industrial products company’s stock after selling 24,098 shares during the quarter. Candriam Luxembourg S.C.A.’s holdings in Caterpillar were worth $19,365,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of CAT. Quadrant Capital Group LLC boosted its holdings in shares of Caterpillar by 10.6% during the second quarter. Quadrant Capital Group LLC now owns 1,339 shares of the industrial products company’s stock worth $102,000 after purchasing an additional 128 shares during the period. Acrospire Investment Management LLC boosted its holdings in shares of Caterpillar by 900.0% during the second quarter. Acrospire Investment Management LLC now owns 1,000 shares of the industrial products company’s stock worth $107,000 after purchasing an additional 900 shares during the period. Gradient Investments LLC acquired a new stake in shares of Caterpillar during the fourth quarter worth approximately $113,000. Harvest Fund Management Co. Ltd acquired a new stake in shares of Caterpillar during the fourth quarter worth approximately $131,000. Finally, Massey Quick Simon & CO. LLC boosted its holdings in shares of Caterpillar by 4,240.7% during the third quarter. Massey Quick Simon & CO. LLC now owns 1,172 shares of the industrial products company’s stock worth $146,000 after purchasing an additional 1,145 shares during the period. Institutional investors and hedge funds own 69.27% of the company’s stock.

In related news, insider Thomas A. Pellette sold 24,547 shares of the business’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $135.69, for a total transaction of $3,330,782.43. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Thomas A. Pellette sold 95,199 shares of the business’s stock in a transaction on 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 directly owns 96,268 shares in the company, valued at approximately $15,700,348.12. The disclosure for this sale can be found here. Insiders have sold 143,331 shares of company stock worth $22,107,578 in the last ninety days. 0.14% of the stock is currently owned by insiders.

Several analysts recently commented on the stock. JPMorgan Chase & Co. restated a “buy” rating on shares of Caterpillar in a report on Monday. Vetr cut shares of Caterpillar from a “strong-buy” rating to a “buy” rating and set a $166.15 target price for the company. in a research note on Tuesday. TheStreet cut shares of Caterpillar from a “b” rating to a “c+” rating in a research note on Thursday, February 8th. Argus upgraded shares of Caterpillar to a “buy” rating in a research note on Friday, February 2nd. Finally, ValuEngine upgraded shares of Caterpillar from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and eighteen have issued a buy rating to the company’s stock. Caterpillar currently has a consensus rating of “Buy” and an average target price of $167.60.

Shares of Caterpillar Inc. (NYSE CAT) opened at $153.97 on Wednesday. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.35 and a quick ratio of 0.97. Caterpillar Inc. has a one year low of $90.34 and a one year high of $173.24. The firm has a market cap of $90,602.45, a price-to-earnings ratio of 22.14, a PEG ratio of 1.63 and a beta of 1.23.

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

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 20th. Investors of record on Monday, January 22nd will be given a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date is Friday, January 19th. Caterpillar’s dividend payout ratio (DPR) is currently 247.62%.

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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.

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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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