Lowe Brockenbrough & Co. Inc. Acquires 100 Shares of Caterpillar Inc. (NYSE:CAT)

Lowe Brockenbrough & Co. Inc. boosted its stake in Caterpillar Inc. (NYSE:CAT) by 1.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,532 shares of the industrial products company’s stock after purchasing an additional 100 shares during the quarter. Lowe Brockenbrough & Co. Inc.’s holdings in Caterpillar were worth $1,211,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Caterpillar by 1.1% in the third quarter. Vanguard Group Inc. now owns 49,811,616 shares of the industrial products company’s stock valued at $7,595,773,000 after buying an additional 534,451 shares in the last quarter. Vanguard Group Inc lifted its stake in shares of Caterpillar by 1.1% in the third quarter. Vanguard Group Inc now owns 49,811,616 shares of the industrial products company’s stock valued at $7,595,773,000 after buying an additional 534,451 shares in the last quarter. BlackRock Inc. lifted its stake in shares of Caterpillar by 1.5% in the fourth quarter. BlackRock Inc. now owns 35,985,874 shares of the industrial products company’s stock valued at $4,572,725,000 after buying an additional 529,926 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its stake in shares of Caterpillar by 6,835.4% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 9,054,500 shares of the industrial products company’s stock valued at $71,000 after buying an additional 8,923,946 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in shares of Caterpillar by 1.9% in the fourth quarter. Northern Trust Corp now owns 7,379,026 shares of the industrial products company’s stock valued at $937,652,000 after buying an additional 134,479 shares in the last quarter. Institutional investors and hedge funds own 67.07% of the company’s stock.

CAT has been the topic of a number of recent research reports. Robert W. Baird set a $161.00 price objective on shares of Caterpillar and gave the company a “buy” rating in a research note on Tuesday, January 29th. Bank of America set a $152.00 price target on shares of Caterpillar and gave the company a “buy” rating in a research report on Tuesday, January 29th. Morgan Stanley set a $160.00 price target on shares of Caterpillar and gave the company a “buy” rating in a research report on Tuesday, January 29th. Credit Suisse Group reissued a “buy” rating and set a $173.00 price target on shares of Caterpillar in a research report on Thursday, February 14th. Finally, William Blair restated a “hold” rating on shares of Caterpillar in a report on Tuesday, January 29th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and fourteen have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $146.71.

Shares of CAT traded down $4.30 during trading hours on Wednesday, hitting $137.73. The company’s stock had a trading volume of 8,693,300 shares, compared to its average volume of 4,433,201. The company has a market capitalization of $82.51 billion, a price-to-earnings ratio of 12.27, a PEG ratio of 0.75 and a beta of 1.46. Caterpillar Inc. has a 52-week low of $112.06 and a 52-week high of $161.60. The company has a quick ratio of 0.96, a current ratio of 1.37 and a debt-to-equity ratio of 1.78.

Caterpillar (NYSE:CAT) last issued its quarterly earnings data on Wednesday, April 24th. The industrial products company reported $2.94 EPS for the quarter, beating the consensus estimate of $2.84 by $0.10. The company had revenue of $13.47 billion during the quarter, compared to analysts’ expectations of $13.36 billion. Caterpillar had a net margin of 11.23% and a return on equity of 45.31%. Caterpillar’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.82 earnings per share. On average, sell-side analysts expect that Caterpillar Inc. will post 12.19 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 20th. Investors of record on Monday, April 22nd will be paid a dividend of $0.86 per share. The ex-dividend date of this dividend is Thursday, April 18th. This represents a $3.44 annualized dividend and a yield of 2.50%. Caterpillar’s dividend payout ratio is currently 30.66%.

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About Caterpillar

Caterpillar Inc manufactures and sells construction and mining equipment, diesel and natural gas engines, and industrial gas turbines. Its Construction Industries segment offers asphalt pavers, compactors, cold planers, feller bunchers, harvesters, motorgraders, pipelayers, road reclaimers, skidders, telehandlers, and utility vehicles; backhoe, knuckleboom, compact track, multi-terrain, skid steer, and track-type loaders; forestry and wheel excavators; and site prep and track-type tractors.

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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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