Aurora Private Wealth Inc. boosted its position in shares of Caterpillar Inc. (NYSE:CAT) by 1.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,957 shares of the industrial products company’s stock after purchasing an additional 128 shares during the period. Aurora Private Wealth Inc.’s holdings in Caterpillar were worth $1,038,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. BlackRock Inc. lifted its holdings in Caterpillar by 3.7% during the 2nd quarter. BlackRock Inc. now owns 35,907,749 shares of the industrial products company’s stock valued at $4,542,330,000 after purchasing an additional 1,293,131 shares during the last quarter. Fisher Asset Management LLC grew its holdings in Caterpillar by 3.4% during the second quarter. Fisher Asset Management LLC now owns 5,799,409 shares of the industrial products company’s stock valued at $733,625,000 after purchasing an additional 190,262 shares during the period. Bank of New York Mellon Corp grew its holdings in Caterpillar by 17.4% during the second quarter. Bank of New York Mellon Corp now owns 5,633,472 shares of the industrial products company’s stock valued at $712,634,000 after purchasing an additional 833,509 shares during the period. Macquarie Group Ltd. boosted its holdings in shares of Caterpillar by 60.1% in the second quarter. Macquarie Group Ltd. now owns 5,295,844 shares of the industrial products company’s stock valued at $669,814,000 after buying an additional 1,987,177 shares during the period. Finally, Swiss National Bank boosted its holdings in shares of Caterpillar by 1.4% in the second quarter. Swiss National Bank now owns 2,175,642 shares of the industrial products company’s stock valued at $275,219,000 after buying an additional 30,700 shares during the period. 66.19% of the stock is owned by hedge funds and other institutional investors.

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

Several research analysts have recently weighed in on the stock. Bank of America upgraded shares of Caterpillar from an “underperform” rating to a “neutral” rating in a report on Wednesday, July 8th. Langenberg & Company cut shares of Caterpillar from a “hold” rating to a “sell” rating in a report on Tuesday. Credit Suisse Group increased their target price on shares of Caterpillar from $159.00 to $179.00 and gave the stock an “outperform” rating in a report on Friday, October 16th. Tigress Financial restated a “buy” rating on shares of Caterpillar in a report on Wednesday, July 15th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of Caterpillar from $171.00 to $186.00 and gave the stock a “buy” rating in a report on Wednesday. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $148.11.

Shares of CAT traded down $5.93 during trading hours on Wednesday, hitting $151.98. The company had a trading volume of 183,586 shares, compared to its average volume of 4,048,888. The firm has a market cap of $85.51 billion, a price-to-earnings ratio of 20.33, a PEG ratio of 2.68 and a beta of 1.05. The business has a fifty day moving average of $155.62 and a 200-day moving average of $134.21. Caterpillar Inc. has a 12 month low of $87.50 and a 12 month high of $171.26. The company has a quick ratio of 1.05, a current ratio of 1.50 and a debt-to-equity ratio of 1.95.

Caterpillar (NYSE:CAT) last issued its quarterly earnings data on Tuesday, October 27th. The industrial products company reported $1.34 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.15 by $0.19. The company had revenue of $9.88 billion for the quarter, compared to analyst estimates of $9.78 billion. Caterpillar had a net margin of 8.90% and a return on equity of 30.52%. The company’s revenue was down 22.6% on a year-over-year basis. During the same period in the prior year, the firm earned $2.66 earnings per share. On average, equities analysts expect that Caterpillar Inc. will post 5.23 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 20th. Investors of record on Monday, October 26th will be given a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 2.71%. The ex-dividend date is Friday, October 23rd. Caterpillar’s dividend payout ratio is 37.25%.

About Caterpillar

Caterpillar Inc manufactures and sells construction and mining equipment, diesel and natural gas engines, and industrial gas turbines. Its Construction Industries segment offers asphalt pavers, compactors, cold planers, feller bunchers, harvesters, motorgraders, pipelayers, road reclaimers, skidders, telehandlers, and utility vehicles; backhoe, knuckleboom, compact track, multi-terrain, skid steer, and track-type loaders; forestry and wheel excavators; and site prep and track-type tractors.

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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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