Caterpillar, Inc. (CAT) Shares Bought by BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in shares of Caterpillar, Inc. (NYSE:CAT) by 3.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 346,173 shares of the industrial products company’s stock after buying an additional 10,968 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned 0.06% of Caterpillar worth $43,171,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. AMP Capital Investors Ltd increased its stake in shares of Caterpillar by 5.0% in the 3rd quarter. AMP Capital Investors Ltd now owns 239,851 shares of the industrial products company’s stock worth $29,912,000 after purchasing an additional 11,500 shares in the last quarter. Advantage Investment Management LLC increased its stake in shares of Caterpillar by 60.0% in the 3rd quarter. Advantage Investment Management LLC now owns 3,415 shares of the industrial products company’s stock worth $426,000 after purchasing an additional 1,281 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its stake in shares of Caterpillar by 10.6% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 116,825 shares of the industrial products company’s stock worth $14,570,000 after purchasing an additional 11,200 shares in the last quarter. B. Riley Financial Inc. purchased a new stake in shares of Caterpillar in the 3rd quarter worth $339,000. Finally, Citizens Financial Group Inc. RI increased its stake in shares of Caterpillar by 43.4% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 82,305 shares of the industrial products company’s stock worth $10,264,000 after purchasing an additional 24,907 shares in the last quarter. 68.53% of the stock is currently owned by hedge funds and other institutional investors.

In other Caterpillar news, insider Lange Bob De sold 1,572 shares of the stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $137.58, for a total transaction of $216,275.76. Following the completion of the transaction, the insider now owns 11,096 shares of the company’s stock, valued at approximately $1,526,587.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Daniel M. Dickinson sold 3,813 shares of the stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $137.09, for a total transaction of $522,724.17. Following the transaction, the director now directly owns 6,554 shares of the company’s stock, valued at approximately $898,487.86. The disclosure for this sale can be found here. Insiders have sold a total of 52,989 shares of company stock valued at $7,235,850 in the last three months. Insiders own 0.14% of the company’s stock.

Several equities research analysts have recently commented on the company. Citigroup upped their price objective on Caterpillar from $145.00 to $160.00 and gave the stock a “neutral” rating in a research note on Thursday. OTR Global lowered Caterpillar to a “positive” rating in a research note on Monday. Barclays assumed coverage on Caterpillar in a research note on Tuesday, December 12th. They issued an “overweight” rating and a $162.00 price objective for the company. Vetr lowered Caterpillar from a “hold” rating to a “sell” rating and set a $137.72 price objective for the company. in a research note on Thursday, December 7th. Finally, UBS set a $155.00 price target on Caterpillar and gave the stock a “buy” rating in a research note on Tuesday, December 5th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $139.93.

Caterpillar, Inc. (NYSE:CAT) opened at $154.64 on Friday. Caterpillar, Inc. has a 1-year low of $90.34 and a 1-year high of $155.10. The company has a market cap of $92,000.00, a PE ratio of 27.48, a price-to-earnings-growth ratio of 2.29 and a beta of 1.29. The company has a current ratio of 1.44, a quick ratio of 1.04 and a debt-to-equity ratio of 1.58.

Caterpillar (NYSE:CAT) last released its quarterly earnings data on Tuesday, October 24th. The industrial products company reported $1.95 EPS for the quarter, beating the consensus estimate of $1.27 by $0.68. Caterpillar had a net margin of 2.09% and a return on equity of 23.22%. The business had revenue of $11.41 billion during the quarter, compared to the consensus estimate of $10.69 billion. During the same quarter in the prior year, the firm earned $0.85 EPS. The business’s revenue was up 24.6% on a year-over-year basis. equities research analysts forecast that Caterpillar, Inc. will post 6.45 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 20th. Shareholders of record on Monday, January 22nd will be issued a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 2.02%. The ex-dividend date is Friday, January 19th. Caterpillar’s dividend payout ratio (DPR) is presently 216.67%.

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About Caterpillar

Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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