Schulhoff & Co. Inc. acquired a new position in Caterpillar, Inc. (NYSE:CAT) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,750 shares of the industrial products company’s stock, valued at approximately $218,000.

A number of other hedge funds also recently bought and sold shares of CAT. Vanguard Group Inc. lifted its holdings in Caterpillar by 6.1% in the 2nd quarter. Vanguard Group Inc. now owns 41,225,175 shares of the industrial products company’s stock valued at $4,430,058,000 after acquiring an additional 2,377,623 shares during the last quarter. FMR LLC lifted its holdings in Caterpillar by 11.7% in the 2nd quarter. FMR LLC now owns 19,613,661 shares of the industrial products company’s stock valued at $2,107,684,000 after acquiring an additional 2,052,300 shares during the last quarter. Morgan Stanley lifted its holdings in Caterpillar by 15.1% in the 1st quarter. Morgan Stanley now owns 10,398,677 shares of the industrial products company’s stock valued at $964,579,000 after acquiring an additional 1,365,856 shares during the last quarter. Primecap Management Co. CA lifted its holdings in Caterpillar by 16.9% in the 1st quarter. Primecap Management Co. CA now owns 7,259,063 shares of the industrial products company’s stock valued at $673,351,000 after acquiring an additional 1,047,922 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in 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 acquiring an additional 419,191 shares during the last quarter. 69.19% of the stock is owned by institutional investors and hedge funds.

CAT has been the topic of several recent analyst reports. BidaskClub upgraded Caterpillar from a “sell” rating to a “hold” rating in a report on Friday, August 25th. Seaport Global Securities initiated coverage on Caterpillar in a report on Wednesday, September 6th. They set a “neutral” rating and a $120.00 price objective on the stock. Wells Fargo & Company restated an “outperform” rating on shares of Caterpillar in a report on Wednesday, July 26th. Vetr downgraded Caterpillar from a “buy” rating to a “hold” rating and set a $120.03 price objective on the stock. in a report on Tuesday, August 22nd. Finally, Credit Suisse Group restated an “outperform” rating and set a $146.00 price objective (up previously from $133.00) on shares of Caterpillar in a report on Wednesday, October 18th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and fourteen have issued a buy rating to the stock. Caterpillar currently has an average rating of “Hold” and an average target price of $133.92.

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

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Shares of Caterpillar, Inc. (NYSE CAT) opened at $136.91 on Tuesday. The stock has a market capitalization of $81,450.00, a P/E ratio of 24.53, a price-to-earnings-growth ratio of 2.06 and a beta of 1.29. The company has a current ratio of 1.44, a quick ratio of 1.04 and a debt-to-equity ratio of 1.58. Caterpillar, Inc. has a 12-month low of $90.34 and a 12-month high of $140.44.

Caterpillar (NYSE:CAT) last announced its earnings results on Tuesday, October 24th. The industrial products company reported $1.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.27 by $0.68. The firm had revenue of $11.41 billion during the quarter, compared to analysts’ expectations of $10.69 billion. Caterpillar had a return on equity of 23.22% and a net margin of 2.09%. The company’s revenue was up 24.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.85 earnings per share. equities analysts forecast that Caterpillar, Inc. will post 6.4 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, November 20th. Shareholders of record on Monday, October 23rd were given a dividend of $0.78 per share. The ex-dividend date of this dividend was Friday, October 20th. This represents a $3.12 dividend on an annualized basis and a yield of 2.28%. Caterpillar’s payout ratio is currently 216.67%.

Caterpillar Profile

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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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