E Fund Management Co. Ltd. Has $204,000 Stake in Caterpillar Inc. (NYSE:CAT)

E Fund Management Co. Ltd. lowered its stake in shares of Caterpillar Inc. (NYSE:CAT) by 13.4% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 690 shares of the industrial products company’s stock after selling 107 shares during the period. E Fund Management Co. Ltd.’s holdings in Caterpillar were worth $204,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in CAT. Fisher Asset Management LLC lifted its holdings in shares of Caterpillar by 2.3% during the 4th quarter. Fisher Asset Management LLC now owns 8,145,840 shares of the industrial products company’s stock worth $2,408,481,000 after acquiring an additional 179,908 shares during the period. Northern Trust Corp grew its stake in shares of Caterpillar by 1.6% in the 3rd quarter. Northern Trust Corp now owns 6,962,809 shares of the industrial products company’s stock valued at $1,900,847,000 after purchasing an additional 111,384 shares during the period. Morgan Stanley raised its holdings in shares of Caterpillar by 0.7% in the 3rd quarter. Morgan Stanley now owns 6,830,849 shares of the industrial products company’s stock worth $1,864,823,000 after buying an additional 47,258 shares in the last quarter. FMR LLC lifted its position in shares of Caterpillar by 14.9% during the 3rd quarter. FMR LLC now owns 6,038,207 shares of the industrial products company’s stock worth $1,648,431,000 after buying an additional 781,111 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in Caterpillar by 19.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,264,635 shares of the industrial products company’s stock valued at $947,875,000 after acquiring an additional 529,420 shares during the period. 70.98% of the stock is owned by institutional investors and hedge funds.

Caterpillar Price Performance

CAT opened at $353.49 on Friday. The company has a fifty day moving average price of $353.23 and a two-hundred day moving average price of $305.54. The firm has a market capitalization of $172.88 billion, a PE ratio of 15.88, a P/E/G ratio of 1.44 and a beta of 1.19. Caterpillar Inc. has a 52 week low of $205.60 and a 52 week high of $382.01. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.83 and a current ratio of 1.35.

Caterpillar (NYSE:CAT) last announced its quarterly earnings data on Thursday, April 25th. The industrial products company reported $5.60 EPS for the quarter, topping analysts’ consensus estimates of $5.12 by $0.48. Caterpillar had a return on equity of 58.61% and a net margin of 16.79%. The business had revenue of $15.80 billion during the quarter, compared to analysts’ expectations of $16.07 billion. As a group, analysts anticipate that Caterpillar Inc. will post 21.79 earnings per share for the current year.

Caterpillar Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, May 20th. Stockholders of record on Monday, April 22nd will be issued a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 1.47%. The ex-dividend date of this dividend is Friday, April 19th. Caterpillar’s dividend payout ratio (DPR) is 23.48%.

Wall Street Analysts Forecast Growth

CAT has been the topic of several recent analyst reports. The Goldman Sachs Group boosted their target price on shares of Caterpillar from $357.00 to $408.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Oppenheimer reiterated a “market perform” rating on shares of Caterpillar in a research note on Thursday, April 18th. Citigroup increased their price target on Caterpillar from $255.00 to $340.00 and gave the stock a “neutral” rating in a research report on Monday, February 12th. Evercore ISI downgraded Caterpillar from an “outperform” rating to an “in-line” rating and lifted their price objective for the company from $321.00 to $338.00 in a research report on Tuesday, February 20th. Finally, HSBC raised their target price on Caterpillar from $330.00 to $360.00 and gave the company a “hold” rating in a research note on Tuesday, April 30th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $323.35.

Insiders Place Their Bets

In other news, Director David Maclennan bought 500 shares of the stock in a transaction on Friday, May 3rd. The stock was purchased at an average price of $337.39 per share, for a total transaction of $168,695.00. Following the acquisition, the director now owns 5,738 shares in the company, valued at $1,935,943.82. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Caterpillar news, insider Anthony D. Fassino sold 4,575 shares of the company’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $329.80, for a total transaction of $1,508,835.00. Following the sale, the insider now directly owns 23,474 shares of the company’s stock, valued at $7,741,725.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David Maclennan bought 500 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The stock was purchased at an average price of $337.39 per share, with a total value of $168,695.00. Following the completion of the purchase, the director now directly owns 5,738 shares in the company, valued at approximately $1,935,943.82. The disclosure for this purchase can be found here. Corporate insiders own 0.33% of the company’s stock.

About Caterpillar

Caterpillar Inc manufactures and sells construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives in worldwide. Its Construction Industries segment offers asphalt pavers, compactors, road reclaimers, forestry machines, cold planers, material handlers, track-type tractors, excavators, telehandlers, motor graders, and pipelayers; compact track, wheel, track-type, backhoe, and skid steer loaders; and related parts and tools.