TCW Group Inc. purchased a new stake in Caterpillar, Inc. (NYSE:CAT) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 17,160 shares of the industrial products company’s stock, valued at approximately $2,140,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised 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 in the last quarter. FMR LLC raised 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 in the last quarter. Morgan Stanley raised 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 in the last quarter. Geode Capital Management LLC raised 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 in the last quarter. Finally, TIAA CREF Investment Management LLC raised its holdings in shares of Caterpillar by 10.9% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 3,058,115 shares of the industrial products company’s stock worth $328,625,000 after buying an additional 301,739 shares in the last quarter. Institutional investors and hedge funds own 68.61% of the company’s stock.

In related news, Director Daniel M. Dickinson sold 3,813 shares of the company’s stock in a transaction dated Monday, October 30th. The stock was 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 approximately $898,487.86. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Lange Bob De sold 1,572 shares of the company’s stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $137.58, for a total value 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. In the last 90 days, insiders have sold 52,989 shares of company stock worth $7,235,850. 0.14% of the stock is owned by corporate insiders.

Shares of Caterpillar, Inc. (NYSE CAT) opened at $140.14 on Wednesday. Caterpillar, Inc. has a 52-week low of $90.34 and a 52-week high of $145.19. The company has a market capitalization of $84,183.11, a PE ratio of 25.50, a price-to-earnings-growth ratio of 2.14 and a beta of 1.29. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.44 and a quick ratio of 1.04.

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

The firm also recently announced a quarterly dividend, which was paid on Monday, November 20th. Investors 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 annualized dividend and a dividend yield of 2.23%. Caterpillar’s payout ratio is 216.67%.

A number of equities analysts have recently commented on CAT shares. BMO Capital Markets reissued a “buy” rating and set a $130.00 price target on shares of Caterpillar in a report on Friday, September 8th. Vetr cut Caterpillar from a “buy” rating to a “hold” rating and set a $122.53 price target for the company. in a report on Monday, September 11th. Jefferies Group reissued a “hold” rating and set a $100.00 price target on shares of Caterpillar in a report on Tuesday, August 29th. Credit Suisse Group reissued a “hold” rating and set a $133.00 price target on shares of Caterpillar in a report on Friday, September 22nd. Finally, Goldman Sachs Group boosted their price target on Caterpillar from $143.00 to $158.00 and gave the stock a “buy” rating in a report on Monday, October 9th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and fourteen have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $136.28.

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Caterpillar Profile

Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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