Everett Harris & Co. CA raised its stake in Caterpillar Inc. (NYSE:CAT) by 10.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 10,102 shares of the industrial products company’s stock after buying an additional 960 shares during the quarter. Everett Harris & Co. CA’s holdings in Caterpillar were worth $1,278,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CAT. Capital International Investors raised its holdings in shares of Caterpillar by 77.1% in the first quarter. Capital International Investors now owns 4,955,847 shares of the industrial products company’s stock valued at $575,076,000 after purchasing an additional 2,157,830 shares during the last quarter. Invesco Ltd. grew its position in shares of Caterpillar by 45.3% during the 1st quarter. Invesco Ltd. now owns 3,435,542 shares of the industrial products company’s stock worth $398,662,000 after purchasing an additional 1,071,048 shares in the last quarter. Wellington Management Group LLP raised its position in shares of Caterpillar by 17.9% in the first quarter. Wellington Management Group LLP now owns 6,735,624 shares of the industrial products company’s stock valued at $781,602,000 after buying an additional 1,023,938 shares in the last quarter. Capital Research Global Investors boosted its stake in shares of Caterpillar by 50.6% in the first quarter. Capital Research Global Investors now owns 1,945,514 shares of the industrial products company’s stock valued at $225,757,000 after buying an additional 653,415 shares during the period. Finally, Advisor Group Holdings Inc. acquired a new stake in Caterpillar during the first quarter worth approximately $28,802,000. 66.80% of the stock is owned by hedge funds and other institutional investors.

Shares of Caterpillar stock opened at $132.88 on Friday. Caterpillar Inc. has a 52 week low of $87.50 and a 52 week high of $150.55. The company has a quick ratio of 0.97, a current ratio of 1.42 and a debt-to-equity ratio of 1.71. The business has a 50 day moving average price of $129.98 and a 200-day moving average price of $123.93. The company has a market cap of $74.00 billion, a PE ratio of 14.08, a price-to-earnings-growth ratio of 2.20 and a beta of 1.10.

Caterpillar (NYSE:CAT) last announced its quarterly earnings results on Friday, July 31st. The industrial products company reported $1.03 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.37. Caterpillar had a return on equity of 37.15% and a net margin of 10.41%. The business had revenue of $10 billion during the quarter, compared to the consensus estimate of $9.40 billion. During the same quarter in the prior year, the company posted $2.83 earnings per share. Caterpillar’s revenue was down 30.7% compared to the same quarter last year. As a group, research analysts anticipate that Caterpillar Inc. will post 5.19 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 20th. Stockholders of record on Monday, July 20th will be paid a $1.03 dividend. The ex-dividend date of this dividend is Friday, July 17th. This represents a $4.12 annualized dividend and a dividend yield of 3.10%. Caterpillar’s payout ratio is 37.25%.

Several analysts have recently issued reports on the company. Tigress Financial reissued a “buy” rating on shares of Caterpillar in a report on Wednesday, July 15th. Goldman Sachs Group set a $144.00 price objective on Caterpillar and gave the company a “buy” rating in a research note on Tuesday, April 28th. Citigroup lifted their target price on Caterpillar from $125.00 to $150.00 and gave the company a “buy” rating in a research report on Thursday, June 18th. BMO Capital Markets cut shares of Caterpillar from an “outperform” rating to a “market perform” rating and set a $130.00 target price for the company. in a report on Friday, June 12th. Finally, Sanford C. Bernstein lowered shares of Caterpillar from an “outperform” rating to a “market perform” rating in a research report on Friday, June 12th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $135.22.

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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