Toronto Dominion Bank lifted its holdings in Caterpillar, Inc. (NYSE:CAT) by 25.7% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 201,949 shares of the industrial products company’s stock after purchasing an additional 41,299 shares during the period. Toronto Dominion Bank’s holdings in Caterpillar were worth $21,697,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in CAT. Vanguard Group Inc. grew its holdings in Caterpillar by 6.1% during the 2nd quarter. Vanguard Group Inc. now owns 41,225,175 shares of the industrial products company’s stock worth $4,430,058,000 after acquiring an additional 2,377,623 shares in the last quarter. FMR LLC grew its holdings in Caterpillar by 11.7% during the 2nd quarter. FMR LLC now owns 19,613,661 shares of the industrial products company’s stock worth $2,107,684,000 after acquiring an additional 2,052,300 shares in the last quarter. Morgan Stanley grew its holdings in Caterpillar by 15.1% during the 1st quarter. Morgan Stanley now owns 10,398,677 shares of the industrial products company’s stock worth $964,579,000 after acquiring an additional 1,365,856 shares in the last quarter. Primecap Management Co. CA grew its holdings in Caterpillar by 16.9% during the 1st quarter. Primecap Management Co. CA now owns 7,259,063 shares of the industrial products company’s stock worth $673,351,000 after acquiring an additional 1,047,922 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Caterpillar by 8.1% in the 1st quarter. Geode Capital Management LLC now owns 5,575,420 shares of the industrial products company’s stock valued at $516,423,000 after buying an additional 419,191 shares in the last quarter. Hedge funds and other institutional investors own 69.38% of the company’s stock.

Several research analysts have recently issued reports on CAT shares. BMO Capital Markets upgraded shares of Caterpillar from a “market perform” rating to an “outperform” rating and upped their target price for the company from $110.00 to $125.00 in a report on Monday, July 24th. BidaskClub cut shares of Caterpillar from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Wells Fargo & Company restated an “outperform” rating on shares of Caterpillar in a report on Wednesday, July 26th. Credit Suisse Group reiterated an “outperform” rating and issued a $133.00 price target (up previously from $123.00) on shares of Caterpillar in a research report on Wednesday, July 26th. Finally, Axiom Securities reiterated a “sell” rating on shares of Caterpillar in a research report on Wednesday, July 26th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and fourteen have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $133.92.

In other news, Director Daniel M. Dickinson sold 3,813 shares of Caterpillar stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $137.09, for a total transaction of $522,724.17. Following the sale, the director now owns 6,554 shares in the company, valued at $898,487.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Lange Bob De sold 1,572 shares of Caterpillar stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $137.58, for a total transaction of $216,275.76. Following the sale, the insider now owns 11,096 shares in the company, valued at approximately $1,526,587.68. The disclosure for this sale can be found here. Company insiders own 0.14% of the company’s stock.

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Caterpillar, Inc. (CAT) opened at $136.53 on Tuesday. Caterpillar, Inc. has a 1-year low of $90.34 and a 1-year high of $140.44. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.44 and a quick ratio of 1.04. The company has a market cap of $81,230.00, a P/E ratio of 24.59, a P/E/G ratio of 2.07 and a beta of 1.29.

Caterpillar (NYSE:CAT) last posted its quarterly earnings results on Tuesday, October 24th. The industrial products company reported $1.95 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.27 by $0.68. Caterpillar had a net margin of 2.09% and a return on equity of 23.22%. The firm had revenue of $11.41 billion for the quarter, compared to analyst estimates of $10.69 billion. During the same quarter last year, the firm posted $0.85 earnings per share. Caterpillar’s revenue for the quarter was up 24.6% compared to the same quarter last year. equities analysts expect that Caterpillar, Inc. will post 6.4 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 20th. Investors of record on Monday, October 23rd will be issued a $0.78 dividend. The ex-dividend date of this dividend is Friday, October 20th. This represents a $3.12 annualized dividend and a yield of 2.29%. Caterpillar’s payout ratio is 216.67%.

Caterpillar Company Profile

Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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