Capital Group International Inc. CA Purchases 33,586 Shares of Caterpillar Inc. (NYSE:CAT)

Capital Group International Inc. CA grew its position in shares of Caterpillar Inc. (NYSE:CATGet Rating) by 89.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 71,284 shares of the industrial products company’s stock after purchasing an additional 33,586 shares during the period. Capital Group International Inc. CA’s holdings in Caterpillar were worth $15,884,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in CAT. Norges Bank bought a new stake in Caterpillar during the fourth quarter worth about $1,103,021,000. Ontario Teachers Pension Plan Board bought a new stake in Caterpillar during the first quarter worth about $433,134,000. Capital World Investors lifted its stake in Caterpillar by 11.6% during the fourth quarter. Capital World Investors now owns 13,262,687 shares of the industrial products company’s stock worth $2,741,910,000 after purchasing an additional 1,373,656 shares during the last quarter. BlackRock Inc. lifted its stake in Caterpillar by 2.7% during the first quarter. BlackRock Inc. now owns 37,494,751 shares of the industrial products company’s stock worth $8,354,582,000 after purchasing an additional 992,608 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in shares of Caterpillar by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 48,223,787 shares of the industrial products company’s stock valued at $10,745,224,000 after acquiring an additional 663,885 shares during the last quarter. Institutional investors own 68.80% of the company’s stock.

Caterpillar Stock Up 0.2 %

CAT stock opened at $184.65 on Thursday. Caterpillar Inc. has a fifty-two week low of $167.08 and a fifty-two week high of $237.90. The business’s 50 day moving average price is $185.67 and its two-hundred day moving average price is $201.60. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.90 and a current ratio of 1.45. The company has a market capitalization of $97.48 billion, a price-to-earnings ratio of 14.77, a price-to-earnings-growth ratio of 1.25 and a beta of 1.02.

Caterpillar (NYSE:CATGet Rating) last posted its earnings results on Tuesday, August 2nd. The industrial products company reported $3.18 earnings per share for the quarter, topping analysts’ consensus estimates of $3.00 by $0.18. The firm had revenue of $14.25 billion for the quarter, compared to the consensus estimate of $14.39 billion. Caterpillar had a return on equity of 37.29% and a net margin of 12.50%. The business’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.60 EPS. As a group, analysts forecast that Caterpillar Inc. will post 12.65 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CAT. UBS Group lowered their target price on Caterpillar from $250.00 to $225.00 and set a “buy” rating for the company in a research note on Wednesday, August 3rd. Robert W. Baird reissued an “outperform” rating and issued a $280.00 target price on shares of Caterpillar in a research note on Thursday, May 19th. StockNews.com raised Caterpillar from a “hold” rating to a “buy” rating in a research note on Wednesday, July 20th. Cowen lowered their target price on Caterpillar from $255.00 to $225.00 and set an “outperform” rating for the company in a research note on Thursday, July 7th. Finally, Tigress Financial upped their price target on Caterpillar from $278.00 to $282.00 and gave the company a “buy” rating in a research report on Friday, May 20th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $223.38.

About Caterpillar

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

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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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