Railway Pension Investments Ltd Buys 1,300 Shares of Caterpillar Inc. (NYSE:CAT)

Railway Pension Investments Ltd boosted its stake in shares of Caterpillar Inc. (NYSE:CAT) by 1.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 86,200 shares of the industrial products company’s stock after acquiring an additional 1,300 shares during the period. Railway Pension Investments Ltd’s holdings in Caterpillar were worth $21,210,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Penserra Capital Management LLC lifted its holdings in shares of Caterpillar by 14,003.6% during the 2nd quarter. Penserra Capital Management LLC now owns 3,949 shares of the industrial products company’s stock worth $970,000 after acquiring an additional 3,921 shares during the period. First Western Trust Bank raised its position in Caterpillar by 5.6% during the second quarter. First Western Trust Bank now owns 1,983 shares of the industrial products company’s stock valued at $488,000 after purchasing an additional 105 shares in the last quarter. ExodusPoint Capital Management LP bought a new stake in Caterpillar during the second quarter worth $11,092,000. Osaic Holdings Inc. boosted its holdings in shares of Caterpillar by 27.6% in the 2nd quarter. Osaic Holdings Inc. now owns 405,966 shares of the industrial products company’s stock valued at $82,668,000 after purchasing an additional 87,695 shares in the last quarter. Finally, Altrius Capital Management Inc boosted its holdings in shares of Caterpillar by 0.6% in the 2nd quarter. Altrius Capital Management Inc now owns 17,422 shares of the industrial products company’s stock valued at $4,287,000 after purchasing an additional 105 shares in the last quarter. 69.20% of the stock is owned by institutional investors and hedge funds.

Caterpillar Trading Down 0.3 %

Caterpillar stock traded down $0.77 during mid-day trading on Tuesday, hitting $249.68. 360,105 shares of the stock were exchanged, compared to its average volume of 3,053,771. The firm’s fifty day simple moving average is $258.77 and its two-hundred day simple moving average is $253.06. The company has a quick ratio of 0.92, a current ratio of 1.45 and a debt-to-equity ratio of 1.18. Caterpillar Inc. has a 12 month low of $204.04 and a 12 month high of $293.88. The stock has a market capitalization of $127.11 billion, a price-to-earnings ratio of 14.20, a PEG ratio of 1.02 and a beta of 1.09.

Caterpillar (NYSE:CAT) last released its earnings results on Tuesday, October 31st. The industrial products company reported $5.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.75 by $0.77. Caterpillar had a net margin of 13.69% and a return on equity of 56.29%. The business had revenue of $16.81 billion for the quarter, compared to analyst estimates of $16.57 billion. During the same quarter in the previous year, the business earned $3.95 earnings per share. Caterpillar’s revenue for the quarter was up 12.1% on a year-over-year basis. Analysts forecast that Caterpillar Inc. will post 20.48 EPS for the current year.

Caterpillar Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 20th. Shareholders of record on Monday, October 23rd were issued a $1.30 dividend. The ex-dividend date of this dividend was Friday, October 20th. This represents a $5.20 dividend on an annualized basis and a yield of 2.08%. Caterpillar’s payout ratio is currently 29.46%.

Analyst Upgrades and Downgrades

CAT has been the subject of several recent analyst reports. Credit Suisse Group upped their price objective on Caterpillar from $279.00 to $334.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 2nd. Stifel Nicolaus raised their price target on shares of Caterpillar from $275.00 to $300.00 and gave the company a “buy” rating in a research note on Wednesday, August 2nd. StockNews.com lowered shares of Caterpillar from a “strong-buy” rating to a “buy” rating in a report on Monday. The Goldman Sachs Group dropped their price objective on shares of Caterpillar from $315.00 to $274.00 and set a “buy” rating for the company in a research note on Wednesday, November 1st. Finally, Robert W. Baird upped their price target on shares of Caterpillar from $183.00 to $234.00 and gave the stock an “underperform” rating in a report on Wednesday, August 2nd. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, Caterpillar has an average rating of “Hold” and an average target price of $266.80.

Insider Buying and Selling at Caterpillar

In other news, insider Anthony D. Fassino sold 2,923 shares of the firm’s stock in a transaction that occurred on Tuesday, August 29th. The shares were sold at an average price of $279.00, for a total transaction of $815,517.00. Following the completion of the sale, the insider now owns 16,182 shares of the company’s stock, valued at approximately $4,514,778. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.33% of the company’s stock.

Caterpillar Company Profile

Caterpillar, Inc engages in the manufacture of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. It operates through the following segments: Construction Industries, Resource Industries, Energy and Transportation, Financial Products, and All Other.