Caterpillar Inc. (CAT) Shares Bought by Bradley Foster & Sargent Inc. CT

Bradley Foster & Sargent Inc. CT grew its stake in shares of Caterpillar Inc. (NYSE:CAT) by 3.8% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 120,595 shares of the industrial products company’s stock after acquiring an additional 4,451 shares during the period. Bradley Foster & Sargent Inc. CT’s holdings in Caterpillar were worth $16,339,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Oregon Public Employees Retirement Fund increased its holdings in Caterpillar by 6,835.4% during 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 during the period. Norges Bank purchased a new position in Caterpillar during the fourth quarter valued at approximately $733,859,000. Sanders Capital LLC purchased a new position in Caterpillar during the fourth quarter valued at approximately $422,262,000. Harris Associates L P increased its holdings in Caterpillar by 38.8% during the fourth quarter. Harris Associates L P now owns 3,529,388 shares of the industrial products company’s stock valued at $448,479,000 after buying an additional 987,103 shares during the period. Finally, LSV Asset Management increased its holdings in Caterpillar by 3,805.2% during the fourth quarter. LSV Asset Management now owns 620,926 shares of the industrial products company’s stock valued at $78,901,000 after buying an additional 605,026 shares during the period. 67.63% of the stock is owned by hedge funds and other institutional investors.

NYSE CAT opened at $126.61 on Friday. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.98 and a current ratio of 1.43. Caterpillar Inc. has a 12-month low of $112.06 and a 12-month high of $161.60. The firm has a market capitalization of $72.80 billion, a price-to-earnings ratio of 11.28, a PEG ratio of 0.87 and a beta of 1.45.

Caterpillar (NYSE:CAT) last released its quarterly earnings results on Wednesday, April 24th. The industrial products company reported $2.94 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.84 by $0.10. Caterpillar had a net margin of 11.50% and a return on equity of 45.08%. The business had revenue of $13.47 billion for the quarter, compared to analyst estimates of $13.36 billion. During the same period in the previous year, the company earned $2.82 earnings per share. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. Sell-side analysts anticipate that Caterpillar Inc. will post 12.24 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 20th. Shareholders of record on Monday, July 22nd will be issued a $1.03 dividend. This is a positive change from Caterpillar’s previous quarterly dividend of $0.86. This represents a $4.12 annualized dividend and a yield of 3.25%. The ex-dividend date of this dividend is Friday, July 19th. Caterpillar’s payout ratio is currently 30.66%.

Several brokerages recently issued reports on CAT. UBS Group lowered shares of Caterpillar from a “buy” rating to a “sell” rating and cut their price objective for the company from $154.00 to $125.00 in a report on Tuesday, February 26th. Bank of America set a $152.00 price objective on shares of Caterpillar and gave the company a “buy” rating in a report on Thursday, April 4th. Deutsche Bank lowered shares of Caterpillar from a “buy” rating to a “hold” rating and cut their price objective for the company from $152.00 to $128.00 in a report on Wednesday, April 3rd. Zacks Investment Research raised shares of Caterpillar from a “hold” rating to a “buy” rating and set a $157.00 price objective on the stock in a report on Tuesday, April 2nd. Finally, ValuEngine raised shares of Caterpillar from a “sell” rating to a “hold” rating in a report on Wednesday, May 1st. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $145.39.

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Caterpillar Company Profile

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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