Commonwealth Bank of Australia lifted its stake in Caterpillar, Inc. (NYSE:CAT) by 0.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 100,841 shares of the industrial products company’s stock after buying an additional 748 shares during the quarter. Commonwealth Bank of Australia’s holdings in Caterpillar were worth $12,570,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Beach Investment Management LLC. purchased a new stake in shares of Caterpillar in the second quarter worth about $231,000. NGAM Advisors L.P. boosted its stake in shares of Caterpillar by 2.9% in the second quarter. NGAM Advisors L.P. now owns 81,344 shares of the industrial products company’s stock worth $8,742,000 after buying an additional 2,286 shares during the last quarter. Bank of Nova Scotia boosted its stake in shares of Caterpillar by 527.0% in the first quarter. Bank of Nova Scotia now owns 196,294 shares of the industrial products company’s stock worth $18,208,000 after buying an additional 164,989 shares during the last quarter. Wealthsource Partners LLC purchased a new stake in shares of Caterpillar in the second quarter worth about $316,000. Finally, Point72 Asset Management L.P. purchased a new stake in shares of Caterpillar in the first quarter worth about $46,917,000. Hedge funds and other institutional investors own 68.61% of the company’s stock.

In other Caterpillar news, insider Thomas A. Pellette sold 24,547 shares of the stock in a transaction that occurred 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Bradley M. Halverson sold 2,600 shares of the stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $137.67, for a total value of $357,942.00. Following the transaction, the insider now directly owns 5,214 shares of the company’s stock, valued at approximately $717,811.38. The disclosure for this sale can be found here. Insiders have sold 52,989 shares of company stock valued at $7,235,850 in the last three months. Insiders own 0.14% of the company’s stock.

A number of analysts have recently commented on CAT shares. Vetr downgraded Caterpillar from a “buy” rating to a “hold” rating and set a $122.53 target price on the stock. in a research note on Monday, September 11th. Jefferies Group reiterated a “hold” rating and set a $100.00 price target on shares of Caterpillar in a research report on Tuesday, August 29th. Royal Bank of Canada reiterated a “hold” rating on shares of Caterpillar in a research report on Tuesday, August 29th. UBS upgraded Caterpillar from a “neutral” rating to a “buy” rating and increased their price target for the stock from $116.00 to $140.00 in a research report on Monday, September 18th. Finally, BMO Capital Markets increased their price target on Caterpillar from $130.00 to $150.00 and gave the stock an “outperform” rating in a research report on Thursday, September 14th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and fourteen have issued a buy rating to the company’s stock. Caterpillar presently has a consensus rating of “Hold” and a consensus price target of $139.14.

Caterpillar, Inc. (NYSE:CAT) opened at $146.69 on Friday. Caterpillar, Inc. has a fifty-two week low of $90.34 and a fifty-two week high of $149.05. The company has a market capitalization of $87,288.72, a P/E ratio of 26.44, a price-to-earnings-growth ratio of 2.21 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 (NYSE:CAT) last announced its 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 business had revenue of $11.41 billion during the quarter, compared to analysts’ expectations of $10.69 billion. During the same quarter in the prior year, the firm earned $0.85 earnings per share. The business’s revenue was up 24.6% compared to the same quarter last year. equities research analysts expect that Caterpillar, Inc. will post 6.44 EPS for the current fiscal year.

The company 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. The ex-dividend date is Friday, January 19th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.13%. Caterpillar’s payout ratio is currently 216.67%.

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Caterpillar Company Profile

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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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