Caterpillar Inc. (CAT) Shares Bought by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund raised its stake in shares of Caterpillar Inc. (NYSE:CAT) by 0.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 130,554 shares of the industrial products company’s stock after purchasing an additional 651 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Caterpillar were worth $19,908,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of CAT. Zacks Investment Management increased its position in shares of Caterpillar by 12.7% in the second quarter. Zacks Investment Management now owns 87,963 shares of the industrial products company’s stock worth $11,934,000 after acquiring an additional 9,918 shares in the last quarter. Hartford Financial Management Inc. grew its holdings in Caterpillar by 92.4% during the 2nd quarter. Hartford Financial Management Inc. now owns 24,696 shares of the industrial products company’s stock valued at $3,351,000 after purchasing an additional 11,860 shares in the last quarter. Old Port Advisors acquired a new stake in Caterpillar during the 2nd quarter valued at $1,804,000. Xact Kapitalforvaltning AB grew its holdings in Caterpillar by 2.2% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 62,254 shares of the industrial products company’s stock valued at $8,446,000 after purchasing an additional 1,367 shares in the last quarter. Finally, OmniStar Financial Group Inc. grew its holdings in Caterpillar by 8.0% during the 2nd quarter. OmniStar Financial Group Inc. now owns 9,890 shares of the industrial products company’s stock valued at $1,341,000 after purchasing an additional 734 shares in the last quarter. 66.54% of the stock is owned by hedge funds and other institutional investors.

NYSE CAT opened at $117.46 on Wednesday. Caterpillar Inc. has a 12 month low of $112.06 and a 12 month high of $173.24. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.02 and a current ratio of 1.48. The firm has a market cap of $68.38 billion, a price-to-earnings ratio of 17.07, a P/E/G ratio of 0.63 and a beta of 1.38.

Caterpillar (NYSE:CAT) last posted its quarterly earnings data on Tuesday, October 23rd. The industrial products company reported $2.86 EPS for the quarter, beating the Zacks’ consensus estimate of $2.83 by $0.03. Caterpillar had a net margin of 7.13% and a return on equity of 44.13%. The firm had revenue of $13.51 billion for the quarter, compared to the consensus estimate of $13.28 billion. During the same period in the prior year, the firm posted $1.95 EPS. The firm’s revenue was up 18.4% compared to the same quarter last year. On average, research analysts expect that Caterpillar Inc. will post 11.64 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 20th. Shareholders of record on Monday, October 22nd will be paid a dividend of $0.86 per share. The ex-dividend date of this dividend is Friday, October 19th. This represents a $3.44 dividend on an annualized basis and a yield of 2.93%. Caterpillar’s dividend payout ratio (DPR) is 50.00%.

In other Caterpillar news, insider Lange Bob De purchased 1,080 shares of Caterpillar stock in a transaction dated Friday, October 26th. The shares were bought at an average cost of $115.58 per share, for a total transaction of $124,826.40. Following the transaction, the insider now owns 11,310 shares in the company, valued at approximately $1,307,209.80. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Denise C. Johnson sold 35,051 shares of the firm’s stock in a transaction dated Tuesday, October 2nd. The stock was sold at an average price of $154.18, for a total transaction of $5,404,163.18. Following the completion of the transaction, the insider now owns 22,826 shares in the company, valued at $3,519,312.68. The disclosure for this sale can be found here. Corporate insiders own 0.36% of the company’s stock.

A number of research firms recently weighed in on CAT. Robert W. Baird set a $171.00 price target on shares of Caterpillar and gave the company a “buy” rating in a report on Wednesday, October 24th. Barclays reaffirmed a “hold” rating on shares of Caterpillar in a report on Wednesday, October 24th. Credit Suisse Group lowered their price target on shares of Caterpillar from $210.00 to $183.00 and set an “outperform” rating for the company in a report on Wednesday, October 24th. Daiwa Capital Markets set a $120.00 price target on shares of Caterpillar and gave the company a “hold” rating in a report on Thursday, October 25th. Finally, Macquarie set a $105.00 price target on shares of Caterpillar and gave the company a “sell” rating in a report on Wednesday, October 24th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $158.55.

Caterpillar Company Profile

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

Further Reading: Discount Rate

Institutional Ownership by Quarter for Caterpillar (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.

Leave a Reply