V Square Quantitative Management LLC Boosts Position in Caterpillar Inc. (NYSE:CAT)

V Square Quantitative Management LLC boosted its position in shares of Caterpillar Inc. (NYSE:CATFree Report) by 33.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,464 shares of the industrial products company’s stock after acquiring an additional 2,141 shares during the period. V Square Quantitative Management LLC’s holdings in Caterpillar were worth $3,101,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Caterpillar by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 48,353,370 shares of the industrial products company’s stock worth $14,296,641,000 after buying an additional 129,216 shares in the last quarter. Capital World Investors raised its holdings in shares of Caterpillar by 0.3% in the 4th quarter. Capital World Investors now owns 29,029,953 shares of the industrial products company’s stock valued at $8,583,372,000 after acquiring an additional 96,479 shares in the last quarter. Fisher Asset Management LLC boosted its position in shares of Caterpillar by 2.3% during the 4th quarter. Fisher Asset Management LLC now owns 8,145,840 shares of the industrial products company’s stock valued at $2,408,481,000 after acquiring an additional 179,908 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Caterpillar by 1.6% during the third quarter. Northern Trust Corp now owns 6,962,809 shares of the industrial products company’s stock worth $1,900,847,000 after purchasing an additional 111,384 shares in the last quarter. Finally, Morgan Stanley increased its position in shares of Caterpillar by 0.7% in the third quarter. Morgan Stanley now owns 6,830,849 shares of the industrial products company’s stock worth $1,864,823,000 after purchasing an additional 47,258 shares during the last quarter. Institutional investors own 70.98% of the company’s stock.

Insider Buying and Selling at Caterpillar

In related news, Director David Maclennan purchased 350 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The stock was bought at an average cost of $323.37 per share, with a total value of $113,179.50. Following the completion of the purchase, the director now directly owns 5,238 shares in the company, valued at $1,693,812.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director David Maclennan purchased 350 shares of Caterpillar stock in a transaction that occurred on Friday, February 23rd. The shares were bought at an average cost of $323.37 per share, with a total value of $113,179.50. Following the completion of the purchase, the director now directly owns 5,238 shares in the company, valued at $1,693,812.06. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Lange Bob De sold 21,847 shares of the firm’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $356.90, for a total value of $7,797,194.30. Following the transaction, the insider now directly owns 71,115 shares of the company’s stock, valued at approximately $25,380,943.50. The disclosure for this sale can be found here. Insiders own 0.33% of the company’s stock.

Wall Street Analyst Weigh In

CAT has been the subject of a number of research reports. Oppenheimer reissued a “market perform” rating on shares of Caterpillar in a research note on Thursday, April 18th. TD Cowen increased their target price on Caterpillar from $338.00 to $340.00 and gave the company a “buy” rating in a research note on Friday, April 26th. Evercore ISI lowered Caterpillar from an “outperform” rating to an “in-line” rating and lifted their price target for the stock from $321.00 to $338.00 in a research note on Tuesday, February 20th. Robert W. Baird increased their price objective on Caterpillar from $210.00 to $257.00 and gave the company an “underperform” rating in a research report on Tuesday, February 6th. Finally, HSBC boosted their target price on Caterpillar from $330.00 to $360.00 and gave the stock a “hold” rating in a research report on Tuesday, April 30th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $323.35.

Check Out Our Latest Stock Analysis on CAT

Caterpillar Trading Down 1.0 %

Shares of CAT stock traded down $3.59 during mid-day trading on Tuesday, reaching $359.16. The stock had a trading volume of 1,840,761 shares, compared to its average volume of 2,474,364. The company has a current ratio of 1.35, a quick ratio of 0.83 and a debt-to-equity ratio of 1.41. The stock’s 50-day moving average price is $356.48 and its two-hundred day moving average price is $313.06. The firm has a market capitalization of $175.65 billion, a PE ratio of 16.21, a price-to-earnings-growth ratio of 1.52 and a beta of 1.19. Caterpillar Inc. has a 52-week low of $205.60 and a 52-week high of $382.01.

Caterpillar (NYSE:CATGet Free Report) last released its quarterly earnings results on Thursday, April 25th. The industrial products company reported $5.60 EPS for the quarter, beating analysts’ consensus estimates of $5.12 by $0.48. The business had revenue of $15.80 billion during the quarter, compared to analyst estimates of $16.07 billion. Caterpillar had a return on equity of 58.61% and a net margin of 16.79%. Equities analysts expect that Caterpillar Inc. will post 21.8 earnings per share for the current fiscal year.

Caterpillar Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, May 20th. Investors of record on Monday, April 22nd were issued a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 1.45%. The ex-dividend date of this dividend was Friday, April 19th. Caterpillar’s dividend payout ratio (DPR) is currently 23.48%.

About Caterpillar

(Free Report)

Caterpillar Inc manufactures and sells construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives in worldwide. Its Construction Industries segment offers asphalt pavers, compactors, road reclaimers, forestry machines, cold planers, material handlers, track-type tractors, excavators, telehandlers, motor graders, and pipelayers; compact track, wheel, track-type, backhoe, and skid steer loaders; and related parts and tools.

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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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