Handelsbanken Fonder AB purchased a new position in shares of Caterpillar Inc. (NYSE:CAT) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 125,411 shares of the industrial products company’s stock, valued at approximately $15,864,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Capital International Investors grew its stake in shares of Caterpillar by 77.1% in the 1st quarter. Capital International Investors now owns 4,955,847 shares of the industrial products company’s stock valued at $575,076,000 after buying an additional 2,157,830 shares during the period. Macquarie Group Ltd. grew its holdings in shares of Caterpillar by 60.1% during the 2nd quarter. Macquarie Group Ltd. now owns 5,295,844 shares of the industrial products company’s stock worth $669,814,000 after purchasing an additional 1,987,177 shares during the period. BlackRock Inc. increased its position in Caterpillar by 3.7% during the 2nd quarter. BlackRock Inc. now owns 35,907,749 shares of the industrial products company’s stock worth $4,542,330,000 after purchasing an additional 1,293,131 shares in the last quarter. Invesco Ltd. increased its position in 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. Finally, Wellington Management Group LLP raised its holdings in 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 during the period. 66.19% of the stock is owned by institutional investors.

CAT traded up $2.28 during trading on Wednesday, hitting $150.88. The company had a trading volume of 135,636 shares, compared to its average volume of 3,134,787. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.50 and a quick ratio of 1.05. Caterpillar Inc. has a 1-year low of $87.50 and a 1-year high of $155.48. The business has a 50-day moving average of $141.82 and a 200-day moving average of $124.70. The company has a market cap of $80.47 billion, a PE ratio of 20.20, a P/E/G ratio of 2.47 and a beta of 1.13.

Caterpillar (NYSE:CAT) last released its quarterly earnings data on Friday, July 31st. The industrial products company reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.37. Caterpillar had a net margin of 8.90% and a return on equity of 30.52%. The firm had revenue of $10 billion for the quarter, compared to analyst estimates of $9.40 billion. During the same quarter in the prior year, the business earned $2.83 earnings per share. Caterpillar’s quarterly revenue was down 30.7% on a year-over-year basis. Research analysts forecast that Caterpillar Inc. will post 5.18 earnings per share for the current year.

Several equities research analysts have recently issued reports on CAT shares. Citigroup increased their price objective on shares of Caterpillar from $125.00 to $150.00 and gave the stock a “buy” rating in a research report on Thursday, June 18th. Deutsche Bank upgraded Caterpillar from a “hold” rating to a “buy” rating and increased their price target for the company from $126.50 to $166.00 in a report on Tuesday, June 30th. Atlantic Securities upgraded Caterpillar from an “underweight” rating to a “neutral” rating and set a $140.00 price objective on the stock in a research note on Monday, August 3rd. BofA Securities raised Caterpillar from an “underperform” rating to a “neutral” rating in a research report on Wednesday, July 8th. Finally, UBS Group raised their target price on Caterpillar from $112.00 to $130.00 and gave the company a “neutral” rating in a report on Thursday, June 11th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and eleven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $139.11.

In related news, insider Lange Bob De sold 1,575 shares of Caterpillar stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $147.00, for a total value of $231,525.00. Following the sale, the insider now directly owns 30,798 shares in the company, valued at approximately $4,527,306. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.31% of the stock is owned by company insiders.

About Caterpillar

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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