Candriam Luxembourg S.C.A. increased its holdings in shares of Caterpillar, Inc. (NYSE:CAT) by 103.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 146,981 shares of the industrial products company’s stock after buying an additional 74,818 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Caterpillar were worth $18,330,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Quadrant Capital Group LLC increased its position in shares of Caterpillar by 10.6% during the second quarter. Quadrant Capital Group LLC now owns 1,339 shares of the industrial products company’s stock worth $102,000 after acquiring an additional 128 shares in the last quarter. Baker Ellis Asset Management LLC bought a new stake in shares of Caterpillar during the second quarter worth $104,000. Motco increased its position in shares of Caterpillar by 264.9% during the second quarter. Motco now owns 989 shares of the industrial products company’s stock worth $106,000 after acquiring an additional 718 shares in the last quarter. Harbour Capital Advisors LLC bought a new stake in shares of Caterpillar during the first quarter worth $107,000. Finally, Acrospire Investment Management LLC increased its position in shares of Caterpillar by 900.0% during the second quarter. Acrospire Investment Management LLC now owns 1,000 shares of the industrial products company’s stock worth $107,000 after acquiring an additional 900 shares in the last quarter. 68.61% of the stock is owned by institutional investors and hedge funds.
Caterpillar, Inc. (CAT) opened at $141.52 on Friday. Caterpillar, Inc. has a 1 year low of $90.34 and a 1 year high of $142.40. The company has a market cap of $84,195.06, a PE ratio of 25.50, a P/E/G ratio of 2.14 and a beta of 1.29. The company has a debt-to-equity ratio of 1.58, a quick ratio of 1.04 and a current ratio of 1.44.
The business also recently declared a quarterly dividend, which was paid on Monday, November 20th. Stockholders of record on Monday, October 23rd were paid a $0.78 dividend. The ex-dividend date of this dividend was Friday, October 20th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.20%. Caterpillar’s payout ratio is currently 216.67%.
In other news, CFO Bradley M. Halverson sold 17,210 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $137.33, for a total value of $2,363,449.30. Following the sale, the chief financial officer now directly owns 7,814 shares in the company, valued at approximately $1,073,096.62. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Thomas A. Pellette sold 24,547 shares of the firm’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $135.69, for a total transaction of $3,330,782.43. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 52,989 shares of company stock worth $7,235,850. 0.14% of the stock is currently owned by corporate insiders.
Several research analysts recently commented on the stock. BMO Capital Markets increased their target price on shares of Caterpillar from $130.00 to $150.00 and gave the stock an “outperform” rating in a report on Thursday, September 14th. Vetr upgraded shares of Caterpillar from a “sell” rating to a “hold” rating and set a $131.05 target price for the company in a report on Thursday, October 19th. Zacks Investment Research cut shares of Caterpillar from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 26th. Argus increased their target price on shares of Caterpillar from $130.00 to $155.00 and gave the stock a “buy” rating in a report on Thursday, October 26th. Finally, Jefferies Group restated a “hold” rating and set a $100.00 target price on shares of Caterpillar in a report on Tuesday, August 29th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and fourteen have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $133.92.
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