Teachers Advisors LLC raised its stake in shares of Caterpillar Inc. (NYSE:CAT) by 0.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 1,562,583 shares of the industrial products company’s stock after purchasing an additional 3,531 shares during the period. Teachers Advisors LLC’s holdings in Caterpillar were worth $246,232,000 as of its most recent filing with the SEC.
A number of other large investors also recently added to or reduced their stakes in the business. BlackRock Inc. grew its holdings in Caterpillar by 6.5% during the fourth quarter. BlackRock Inc. now owns 37,565,629 shares of the industrial products company’s stock valued at $5,919,590,000 after purchasing an additional 2,297,750 shares during the period. Geode Capital Management LLC grew its holdings in Caterpillar by 5.5% during the fourth quarter. Geode Capital Management LLC now owns 6,212,261 shares of the industrial products company’s stock valued at $976,845,000 after purchasing an additional 323,920 shares during the period. Jennison Associates LLC grew its holdings in Caterpillar by 126.5% during the fourth quarter. Jennison Associates LLC now owns 5,951,370 shares of the industrial products company’s stock valued at $937,817,000 after purchasing an additional 3,324,051 shares during the period. Legal & General Group Plc grew its holdings in Caterpillar by 0.4% during the third quarter. Legal & General Group Plc now owns 2,955,916 shares of the industrial products company’s stock valued at $368,648,000 after purchasing an additional 11,745 shares during the period. Finally, Schwab Charles Investment Management Inc. grew its holdings in Caterpillar by 7.8% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 2,346,538 shares of the industrial products company’s stock valued at $369,768,000 after purchasing an additional 169,795 shares during the period. 69.28% of the stock is owned by institutional investors and hedge funds.
CAT has been the topic of several research analyst reports. Citigroup boosted their price objective on Caterpillar from $145.00 to $160.00 and gave the company a “neutral” rating in a research report on Thursday, December 21st. Vetr upgraded Caterpillar from a “hold” rating to a “buy” rating and set a $170.44 price objective on the stock in a research report on Monday, January 29th. Bank of America restated a “buy” rating and issued a $189.00 price objective (up from $158.00) on shares of Caterpillar in a research report on Friday, January 12th. ValuEngine upgraded Caterpillar from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, UBS Group set a $180.00 price objective on Caterpillar and gave the company a “buy” rating in a research report on Friday, January 5th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $169.06.
Shares of Caterpillar Inc. (NYSE:CAT) opened at $158.25 on Monday. Caterpillar Inc. has a 52-week low of $90.34 and a 52-week high of $173.24. 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 $94,570.00, a P/E ratio of 30.26, a price-to-earnings-growth ratio of 1.45 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 (EPS) for the quarter, beating analysts’ consensus estimates of $1.77 by $0.39. Caterpillar had a return on equity of 28.69% and a net margin of 1.66%. The business had revenue of $12.90 billion for the quarter, compared to the consensus estimate of $12.01 billion. During the same period in the prior year, the business posted $0.83 earnings per share. The company’s quarterly revenue was up 34.7% compared to the same quarter last year. equities research analysts predict that Caterpillar Inc. will post 9.1 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 20th. Shareholders of record on Monday, January 22nd were given a dividend of $0.78 per share. The ex-dividend date of this dividend was Friday, January 19th. This represents a $3.12 dividend on an annualized basis and a yield of 1.97%. Caterpillar’s dividend payout ratio (DPR) is presently 59.66%.
TRADEMARK VIOLATION NOTICE: “Caterpillar Inc. (CAT) Shares Bought by Teachers Advisors LLC” was originally reported by Sports Perspectives and is the property of of Sports Perspectives. If you are reading this piece of content on another site, it was stolen and republished in violation of US & international trademark and copyright law. The original version of this piece of content can be viewed at https://sportsperspectives.com/2018/03/12/caterpillar-inc-cat-shares-bought-by-teachers-advisors-llc.html.
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.
Want to see what other hedge funds are holding CAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Caterpillar Inc. (NYSE:CAT).
Receive News & Ratings for Caterpillar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Caterpillar and related companies with MarketBeat.com's FREE daily email newsletter.