Caterpillar Inc. (CAT) Shares Bought by Candriam Luxembourg S.C.A.

Candriam Luxembourg S.C.A. raised its stake in Caterpillar Inc. (NYSE:CAT) by 4.5% in the 1st quarter, Holdings Channel reports. The firm owned 81,247 shares of the industrial products company’s stock after acquiring an additional 3,531 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Caterpillar were worth $11,009,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc increased its stake in Caterpillar by 1.1% in the 3rd quarter. Vanguard Group Inc now owns 49,811,616 shares of the industrial products company’s stock worth $7,595,773,000 after purchasing an additional 534,451 shares during the period. Sit Investment Associates Inc. grew its position in shares of Caterpillar by 26.1% in the 4th quarter. Sit Investment Associates Inc. now owns 4,346 shares of the industrial products company’s stock worth $552,000 after buying an additional 900 shares during the last quarter. TRUE Private Wealth Advisors grew its position in shares of Caterpillar by 27.5% in the 4th quarter. TRUE Private Wealth Advisors now owns 2,898 shares of the industrial products company’s stock worth $368,000 after buying an additional 625 shares during the last quarter. DNB Asset Management AS grew its position in shares of Caterpillar by 11.4% in the 4th quarter. DNB Asset Management AS now owns 113,218 shares of the industrial products company’s stock worth $14,387,000 after buying an additional 11,544 shares during the last quarter. Finally, Bogart Wealth LLC grew its position in shares of Caterpillar by 5.3% in the 4th quarter. Bogart Wealth LLC now owns 16,581 shares of the industrial products company’s stock worth $2,106,000 after buying an additional 842 shares during the last quarter. 67.63% of the stock is owned by institutional investors.

NYSE CAT opened at $127.47 on Thursday. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.98 and a current ratio of 1.43. Caterpillar Inc. has a twelve month low of $112.06 and a twelve month high of $161.60. The company has a market cap of $71.66 billion, a P/E ratio of 11.36, a PEG ratio of 0.85 and a beta of 1.45.

Caterpillar (NYSE:CAT) last released its quarterly earnings results on Wednesday, April 24th. The industrial products company reported $2.94 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.84 by $0.10. Caterpillar had a return on equity of 45.08% and a net margin of 11.50%. The company had revenue of $13.47 billion for the quarter, compared to analyst estimates of $13.36 billion. During the same period in the previous year, the company posted $2.82 earnings per share. The firm’s revenue was up 4.7% on a year-over-year basis. Research analysts predict that Caterpillar Inc. will post 12.24 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 20th. Investors of record on Monday, July 22nd will be given a dividend of $1.03 per share. The ex-dividend date is Friday, July 19th. This is a positive change from Caterpillar’s previous quarterly dividend of $0.86. This represents a $4.12 annualized dividend and a dividend yield of 3.23%. Caterpillar’s payout ratio is currently 30.66%.

A number of equities research analysts have recently weighed in on the company. ValuEngine lowered Caterpillar from a “hold” rating to a “sell” rating in a research report on Wednesday, May 8th. UBS Group set a $125.00 price objective on Caterpillar and gave the stock a “sell” rating in a research report on Friday, May 3rd. Morgan Stanley set a $165.00 price objective on Caterpillar and gave the stock a “buy” rating in a research report on Wednesday, April 10th. Bank of America set a $152.00 price objective on Caterpillar and gave the stock a “buy” rating in a research report on Thursday, April 4th. Finally, Deutsche Bank lowered Caterpillar from a “buy” rating to a “hold” rating and cut their price objective for the stock from $152.00 to $128.00 in a research report on Wednesday, April 3rd. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. Caterpillar currently has a consensus rating of “Hold” and a consensus price target of $145.39.

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About Caterpillar

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

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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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