Skandinaviska Enskilda Banken AB publ raised its position in Caterpillar, Inc. (NYSE:CAT) by 0.3% during the first quarter, Holdings Channel reports. The firm owned 103,777 shares of the industrial products company’s stock after buying an additional 268 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Caterpillar were worth $9,626,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vicus Capital raised its position in shares of Caterpillar by 7.8% in the first quarter. Vicus Capital now owns 4,124 shares of the industrial products company’s stock worth $383,000 after buying an additional 300 shares during the period. Howe & Rusling Inc. raised its position in shares of Caterpillar by 52.0% in the first quarter. Howe & Rusling Inc. now owns 1,087 shares of the industrial products company’s stock worth $101,000 after buying an additional 372 shares during the period. Americafirst Capital Management LLC acquired a new position in shares of Caterpillar during the first quarter worth approximately $203,000. Viking Fund Management LLC raised its position in shares of Caterpillar by 38.6% in the first quarter. Viking Fund Management LLC now owns 29,800 shares of the industrial products company’s stock worth $2,764,000 after buying an additional 8,300 shares during the period. Finally, Cribstone Capital Management LLC raised its position in shares of Caterpillar by 828.9% in the first quarter. Cribstone Capital Management LLC now owns 8,917 shares of the industrial products company’s stock worth $852,000 after buying an additional 7,957 shares during the period. Institutional investors own 70.27% of the company’s stock.

Caterpillar, Inc. (NYSE CAT) traded up 0.541% during trading on Wednesday, reaching $114.265. The company’s stock had a trading volume of 732,714 shares. Caterpillar, Inc. has a 52-week low of $79.93 and a 52-week high of $115.46. The firm has a 50 day moving average price of $110.31 and a 200-day moving average price of $101.47. The stock has a market cap of $67.53 billion, a price-to-earnings ratio of 638.352 and a beta of 1.25.

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

The business also recently announced a quarterly dividend, which will be paid on Saturday, August 19th. Shareholders of record on Thursday, July 20th will be issued a dividend of $0.78 per share. The ex-dividend date is Tuesday, July 18th. This is an increase from Caterpillar’s previous quarterly dividend of $0.77. This represents a $3.12 annualized dividend and a yield of 2.75%. Caterpillar’s payout ratio is presently 2,080.00%.

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A number of analysts have recently issued reports on CAT shares. Wells Fargo & Company restated an “outperform” rating on shares of Caterpillar in a research report on Wednesday, July 26th. Credit Suisse Group restated an “outperform” rating and set a $133.00 price objective (up from $123.00) on shares of Caterpillar in a research report on Wednesday, July 26th. Axiom Securities restated a “sell” rating on shares of Caterpillar in a research report on Wednesday, July 26th. Deutsche Bank AG restated a “hold” rating and set a $120.00 price objective (up from $106.00) on shares of Caterpillar in a research report on Wednesday, July 26th. Finally, Jefferies Group LLC restated a “hold” rating and set a $120.00 price objective (up from $100.00) on shares of Caterpillar in a research report on Wednesday, July 26th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $107.15.

In other Caterpillar news, Director William A. Osborn sold 5,000 shares of Caterpillar stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $113.67, for a total transaction of $568,350.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Bradley M. Halverson sold 182,612 shares of Caterpillar stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $114.05, for a total value of $20,826,898.60. The disclosure for this sale can be found here. Insiders have sold a total of 201,471 shares of company stock worth $22,979,332 over the last ninety days. Company insiders own 0.15% of the company’s stock.

About Caterpillar

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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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