Marshall Wace North America L.P. Buys Shares of 564,463 Caterpillar, Inc. (NYSE:CAT)

Marshall Wace North America L.P. bought a new stake in shares of Caterpillar, Inc. (NYSE:CAT) during the first quarter, according to its most recent disclosure with the SEC. The firm bought 564,463 shares of the industrial products company’s stock, valued at approximately $52,496,000.

Other hedge funds have also bought and sold shares of the company. Howe & Rusling Inc. boosted its stake in Caterpillar by 52.0% in the first quarter. Howe & Rusling Inc. now owns 1,087 shares of the industrial products company’s stock valued at $101,000 after buying an additional 372 shares in the last quarter. First Personal Financial Services boosted its stake in Caterpillar by 167.4% in the first quarter. First Personal Financial Services now owns 1,198 shares of the industrial products company’s stock valued at $111,000 after buying an additional 750 shares in the last quarter. Financial Architects Inc boosted its stake in Caterpillar by 5.7% in the first quarter. Financial Architects Inc now owns 1,215 shares of the industrial products company’s stock valued at $113,000 after buying an additional 65 shares in the last quarter. Ledyard National Bank boosted its stake in Caterpillar by 145.7% in the first quarter. Ledyard National Bank now owns 1,425 shares of the industrial products company’s stock valued at $132,000 after buying an additional 845 shares in the last quarter. Finally, Advantage Investment Management LLC boosted its stake in Caterpillar by 32.0% in the first quarter. Advantage Investment Management LLC now owns 1,786 shares of the industrial products company’s stock valued at $166,000 after buying an additional 433 shares in the last quarter. Hedge funds and other institutional investors own 70.53% of the company’s stock.

Caterpillar, Inc. (CAT) traded down 0.016% during mid-day trading on Tuesday, hitting $114.692. The stock had a trading volume of 172,995 shares. The company has a market cap of $67.69 billion, a P/E ratio of 640.737 and a beta of 1.25. The company has a 50-day moving average price of $107.94 and a 200 day moving average price of $100.19. Caterpillar, Inc. has a 1-year low of $79.93 and a 1-year high of $114.90.

Caterpillar (NYSE:CAT) last announced its quarterly earnings results on Tuesday, July 25th. The industrial products company reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.26 by $0.23. Caterpillar had a net margin of 0.27% and a return on equity of 18.52%. The company had revenue of $11.33 billion during the quarter, compared to analyst estimates of $10.96 billion. During the same quarter in the previous year, the business earned $1.09 EPS. The firm’s revenue was up 9.6% on a year-over-year basis. Equities research analysts forecast that Caterpillar, Inc. will post $5.24 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Saturday, August 19th. Stockholders of record on Thursday, July 20th will be issued a $0.78 dividend. This is a positive change from Caterpillar’s previous quarterly dividend of $0.77. The ex-dividend date of this dividend is Tuesday, July 18th. This represents a $3.12 annualized dividend and a dividend yield of 2.72%. Caterpillar’s payout ratio is 2,080.00%.

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Several analysts recently commented on CAT shares. TheStreet upgraded Caterpillar from a “c+” rating to a “b” rating in a research report on Tuesday, July 25th. Bank of America Corporation upgraded Caterpillar from a “neutral” rating to a “buy” rating and raised their target price for the company from $105.00 to $120.00 in a research report on Thursday, May 11th. Vetr upgraded Caterpillar from a “sell” rating to a “buy” rating and set a $107.75 target price on the stock in a research report on Monday, May 8th. Deutsche Bank AG restated a “buy” rating and issued a $118.00 target price (up from $105.00) on shares of Caterpillar in a research report on Saturday, April 29th. Finally, Zacks Investment Research upgraded Caterpillar from a “hold” rating to a “buy” rating and set a $107.00 target price on the stock in a research report on Monday, April 10th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $106.56.

In other news, insider Suzette M. Long sold 13,859 shares of the business’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $114.30, for a total value of $1,584,083.70. Following the completion of the transaction, the insider now owns 18,188 shares of the company’s stock, valued at approximately $2,078,888.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Bradley M. Halverson sold 182,612 shares of the business’s stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $114.05, for a total transaction of $20,826,898.60. The disclosure for this sale can be found here. Insiders sold a total of 201,471 shares of company stock valued at $22,979,332 in the last three months. 0.15% of the stock is owned by company insiders.

Caterpillar Company Profile

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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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