Charles Schwab Investment Management Inc. Has $1.09 Billion Holdings in Caterpillar Inc. (NYSE:CAT)

Charles Schwab Investment Management Inc. raised its position in shares of Caterpillar Inc. (NYSE:CAT) by 0.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,304,448 shares of the industrial products company’s stock after acquiring an additional 15,347 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.69% of Caterpillar worth $1,089,798,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. GAMMA Investing LLC raised its stake in Caterpillar by 43,447.3% during the 1st quarter. GAMMA Investing LLC now owns 3,730,259 shares of the industrial products company’s stock valued at $1,230,239,000 after purchasing an additional 3,721,693 shares during the last quarter. Pacer Advisors Inc. increased its holdings in shares of Caterpillar by 2,723.1% during the 1st quarter. Pacer Advisors Inc. now owns 1,414,280 shares of the industrial products company’s stock worth $466,430,000 after purchasing an additional 1,364,183 shares during the period. Capital Research Global Investors raised its position in shares of Caterpillar by 69.3% during the fourth quarter. Capital Research Global Investors now owns 2,924,054 shares of the industrial products company’s stock valued at $1,060,730,000 after buying an additional 1,196,861 shares during the last quarter. Northern Trust Corp lifted its stake in shares of Caterpillar by 11.8% in the fourth quarter. Northern Trust Corp now owns 6,847,330 shares of the industrial products company’s stock valued at $2,483,937,000 after buying an additional 724,477 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Caterpillar by 8.6% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,940,391 shares of the industrial products company’s stock worth $1,429,416,000 after buying an additional 312,878 shares in the last quarter. 70.98% of the stock is currently owned by institutional investors.

Caterpillar Stock Performance

Shares of Caterpillar stock opened at $428.04 on Thursday. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.34 and a quick ratio of 0.77. The firm has a 50 day simple moving average of $389.11 and a 200 day simple moving average of $354.92. Caterpillar Inc. has a fifty-two week low of $267.30 and a fifty-two week high of $441.15. The firm has a market cap of $201.62 billion, a P/E ratio of 21.77, a P/E/G ratio of 2.72 and a beta of 1.40.

Caterpillar (NYSE:CAT) last released its earnings results on Tuesday, August 5th. The industrial products company reported $4.72 EPS for the quarter, missing the consensus estimate of $4.88 by ($0.16). Caterpillar had a net margin of 14.95% and a return on equity of 48.95%. The firm had revenue of $16.57 billion during the quarter, compared to analyst estimates of $16.14 billion. During the same period last year, the business posted $5.99 earnings per share. The firm’s quarterly revenue was down .7% on a year-over-year basis. Sell-side analysts predict that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal year.

Caterpillar Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 20th. Stockholders of record on Monday, July 21st will be paid a $1.51 dividend. This is a boost from Caterpillar’s previous quarterly dividend of $1.41. The ex-dividend date of this dividend is Monday, July 21st. This represents a $6.04 annualized dividend and a dividend yield of 1.4%. Caterpillar’s payout ratio is 29.43%.

Analyst Upgrades and Downgrades

CAT has been the subject of a number of research reports. Barclays raised their price objective on Caterpillar from $383.00 to $425.00 and gave the stock an “equal weight” rating in a research report on Wednesday. UBS Group raised Caterpillar from a “sell” rating to a “neutral” rating and raised their target price for the stock from $272.00 to $357.00 in a research report on Friday, May 16th. DA Davidson increased their price objective on shares of Caterpillar from $331.00 to $388.00 and gave the company a “neutral” rating in a research note on Tuesday, July 22nd. Truist Financial upped their target price on shares of Caterpillar from $414.00 to $507.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Baird R W upgraded shares of Caterpillar from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 13th. Seven analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $444.00.

Caterpillar Company Profile

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.