Swiss National Bank raised its stake in shares of Caterpillar Inc. (NYSE:CAT) by 0.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,179,616 shares of the industrial products company’s stock after acquiring an additional 7,900 shares during the period. Swiss National Bank’s holdings in Caterpillar were worth $343,464,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of CAT. Quadrant Capital Group LLC increased its position in Caterpillar by 10.6% during the 2nd quarter. Quadrant Capital Group LLC now owns 1,339 shares of the industrial products company’s stock worth $102,000 after purchasing an additional 128 shares during the period. Acrospire Investment Management LLC increased its position in Caterpillar by 900.0% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,000 shares of the industrial products company’s stock worth $107,000 after purchasing an additional 900 shares during the period. Harvest Fund Management Co. Ltd acquired a new stake in shares of Caterpillar in the 4th quarter worth approximately $131,000. Massey Quick Simon & CO. LLC grew its holdings in shares of Caterpillar by 4,240.7% in the 3rd quarter. Massey Quick Simon & CO. LLC now owns 1,172 shares of the industrial products company’s stock worth $146,000 after acquiring an additional 1,145 shares during the period. Finally, Sandy Spring Bank grew its holdings in shares of Caterpillar by 61.9% in the 4th quarter. Sandy Spring Bank now owns 981 shares of the industrial products company’s stock worth $155,000 after acquiring an additional 375 shares during the period. 69.27% of the stock is owned by hedge funds and other institutional investors.

In other Caterpillar news, insider Thomas A. Pellette sold 24,547 shares of the stock in a transaction on Friday, November 17th. The stock was sold at an average price of $135.69, for a total transaction of $3,330,782.43. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Thomas A. Pellette sold 95,199 shares of the stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $163.09, for a total value of $15,526,004.91. Following the transaction, the insider now directly owns 96,268 shares in the company, valued at approximately $15,700,348.12. The disclosure for this sale can be found here. In the last three months, insiders have sold 143,331 shares of company stock worth $22,107,578. Corporate insiders own 0.14% of the company’s stock.

CAT has been the topic of a number of research reports. Barclays set a $180.00 price target on Caterpillar and gave the stock an “overweight” rating in a report on Wednesday, January 24th. Bank of America upped their price target on Caterpillar from $189.00 to $192.00 and gave the stock a “buy” rating in a report on Friday, January 26th. Credit Suisse Group restated an “outperform” rating and issued a $146.00 price target (up previously from $133.00) on shares of Caterpillar in a report on Wednesday, October 18th. Wells Fargo & Co upped their price target on Caterpillar from $160.00 to $200.00 and gave the stock an “outperform” rating in a report on Thursday, January 18th. Finally, Vetr upgraded Caterpillar from a “strong sell” rating to a “sell” rating and set a $151.72 price target on the stock in a report on Monday, January 15th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and eighteen have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $167.60.

Shares of Caterpillar Inc. (CAT) opened at $152.29 on Tuesday. The company has a market capitalization of $90,600.00, a price-to-earnings ratio of 120.87, a price-to-earnings-growth ratio of 1.60 and a beta of 1.22. The company has a current ratio of 1.35, a quick ratio of 0.97 and a debt-to-equity ratio of 1.73. Caterpillar Inc. has a fifty-two week low of $90.34 and a fifty-two week high of $173.24.

Caterpillar (NYSE:CAT) last announced its earnings results on Thursday, January 25th. The industrial products company reported $2.16 EPS for the quarter, beating analysts’ consensus estimates of $1.77 by $0.39. The firm had revenue of $12.90 billion for the quarter, compared to analysts’ expectations of $12.01 billion. Caterpillar had a return on equity of 28.69% and a net margin of 1.66%. Caterpillar’s quarterly revenue was up 34.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.83 EPS. equities research analysts forecast that Caterpillar Inc. will post 9.05 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 20th. Shareholders of record on Monday, January 22nd will be issued a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date of this dividend is Friday, January 19th. Caterpillar’s dividend payout ratio (DPR) is presently 247.62%.

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Caterpillar Company Profile

Caterpillar Inc is a manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The Company operates through segments, including Construction Industries, which is engaged in supporting customers using machinery in infrastructure, forestry and building construction; Resource Industries, which is engaged in supporting customers using machinery in mining, quarry, waste and material handling applications; Energy & Transportation, which supports customers in oil and gas, power generation, marine, rail and industrial applications, including Cat machines; Financial Products segment, which provides financing and related services, and All Other operating segments, which includes activities, such as product management and development, and manufacturing of filters and fluids, undercarriage, tires and rims, ground engaging tools, fluid transfer products, and sealing and connecting components for Cat products.

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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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