UBS Asset Management Americas Inc. Increases Stake in Caterpillar Inc. (CAT)

UBS Asset Management Americas Inc. increased its position in Caterpillar Inc. (NYSE:CAT) by 6.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,362,430 shares of the industrial products company’s stock after buying an additional 143,477 shares during the period. UBS Asset Management Americas Inc.’s holdings in Caterpillar were worth $219,139,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Howe & Rusling Inc. raised its stake in shares of Caterpillar by 52.0% in the first quarter. Howe & Rusling Inc. now owns 1,087 shares of the industrial products company’s stock worth $101,000 after buying an additional 372 shares during the period. Financial Architects Inc raised its stake in shares of Caterpillar by 5.7% in the first quarter. Financial Architects Inc now owns 1,215 shares of the industrial products company’s stock worth $113,000 after buying an additional 65 shares during the period. Advantage Investment Management LLC bought a new stake in shares of Caterpillar during the fourth quarter worth about $125,000. Ledyard National Bank raised its stake in shares of Caterpillar by 145.7% in the first quarter. Ledyard National Bank now owns 1,425 shares of the industrial products company’s stock worth $132,000 after buying an additional 845 shares during the period. Finally, Parallel Advisors LLC bought a new stake in shares of Caterpillar during the fourth quarter worth about $142,000. Institutional investors and hedge funds own 72.48% of the company’s stock.

Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

Shares of Caterpillar Inc. (CAT) opened at 107.49 on Tuesday. The firm’s 50-day moving average is $103.36 and its 200-day moving average is $97.14. The stock’s market capitalization is $63.32 billion. Caterpillar Inc. has a 1-year low of $70.53 and a 1-year high of $108.04.

Caterpillar (NYSE:CAT) last issued its earnings results on Tuesday, April 25th. The industrial products company reported $1.28 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.66. Caterpillar had a return on equity of 5.76% and a net margin of 2.03%. The firm had revenue of $9.82 billion for the quarter, compared to analysts’ expectations of $9.27 billion. During the same quarter last year, the business earned $0.67 earnings per share. The company’s revenue was up 3.8% compared to the same quarter last year. On average, analysts predict that Caterpillar Inc. will post $4.13 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Saturday, August 19th. Shareholders of record on Thursday, July 20th will be issued a dividend of $0.78 per share. The ex-dividend date of this dividend is Tuesday, July 18th. This represents a $3.12 dividend on an annualized basis and a yield of 2.90%. This is a boost from Caterpillar’s previous quarterly dividend of $0.77. Caterpillar’s dividend payout ratio (DPR) is -1,140.70%.

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Several analysts have weighed in on CAT shares. Credit Suisse Group set a $111.00 target price on shares of Caterpillar and gave the company a “buy” rating in a research note on Monday, March 20th. Jefferies Group LLC reiterated a “hold” rating and set a $85.00 target price on shares of Caterpillar in a research note on Friday, March 3rd. Bank of America Corporation reiterated a “neutral” rating and set a $105.00 target price on shares of Caterpillar in a research note on Monday, March 6th. Zacks Investment Research lowered shares of Caterpillar from a “hold” rating to a “sell” rating in a research note on Wednesday, March 29th. Finally, Vetr upgraded shares of Caterpillar from a “sell” rating to a “hold” rating and set a $89.96 target price for the company in a research note on Monday, April 3rd. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $94.65.

Caterpillar Company Profile

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