Caterpillar, Inc. (CAT) Shares Bought by OLD Republic International Corp

OLD Republic International Corp boosted its stake in shares of Caterpillar, Inc. (NYSE:CAT) by 32.5% during the third quarter, Holdings Channel reports. The fund owned 755,100 shares of the company’s stock after buying an additional 185,000 shares during the period. Caterpillar accounts for about 2.6% of OLD Republic International Corp’s holdings, making the stock its 7th largest position. OLD Republic International Corp’s holdings in Caterpillar were worth $59,609,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in the stock. Patten Group Inc. boosted its stake in shares of Caterpillar by 0.4% in the third quarter. Patten Group Inc. now owns 1,148 shares of the company’s stock worth $100,000 after buying an additional 5 shares in the last quarter. Enterprise Financial Services Corp boosted its stake in shares of Caterpillar by 7.0% in the third quarter. Enterprise Financial Services Corp now owns 1,204 shares of the company’s stock worth $107,000 after buying an additional 79 shares in the last quarter. Integrated Wealth Management boosted its stake in shares of Caterpillar by 34.6% in the third quarter. Integrated Wealth Management now owns 1,246 shares of the company’s stock worth $111,000 after buying an additional 320 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in shares of Caterpillar by 5.3% in the third quarter. Quadrant Capital Group LLC now owns 1,282 shares of the company’s stock worth $106,000 after buying an additional 65 shares in the last quarter. Finally, Kernodle & Katon Asset Management Group LLC boosted its stake in shares of Caterpillar by 5.0% in the third quarter. Kernodle & Katon Asset Management Group LLC now owns 1,369 shares of the company’s stock worth $122,000 after buying an additional 65 shares in the last quarter. Hedge funds and other institutional investors own 70.97% of the company’s stock.

Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

Shares of Caterpillar, Inc. (NYSE:CAT) opened at 96.31 on Monday. The firm’s market cap is $56.42 billion. The company’s 50-day moving average price is $94.39 and its 200 day moving average price is $88.77. Caterpillar, Inc. has a 1-year low of $61.82 and a 1-year high of $99.46.

Caterpillar (NYSE:CAT) last released its quarterly earnings results on Thursday, January 26th. The company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.17. The firm had revenue of $9.57 billion for the quarter, compared to analysts’ expectations of $9.87 billion. Caterpillar had a positive return on equity of 13.44% and a negative net margin of 0.17%. The company’s revenue was down 13.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.74 EPS. On average, analysts predict that Caterpillar, Inc. will post $3.07 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Saturday, February 18th. Stockholders of record on Friday, January 20th will be issued a dividend of $0.77 per share. The ex-dividend date is Wednesday, January 18th. This represents a $3.08 annualized dividend and a dividend yield of 3.20%. Caterpillar’s payout ratio is -2,369.23%.

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A number of equities research analysts have recently issued reports on the company. Vetr upgraded Caterpillar from a “buy” rating to a “strong-buy” rating and set a $109.02 price objective on the stock in a research note on Monday. Royal Bank Of Canada upped their price objective on Caterpillar from $82.00 to $85.00 and gave the stock a “sector perform” rating in a research note on Friday, January 27th. Wells Fargo & Company upgraded Caterpillar from a “market perform” rating to an “outperform” rating and set a $118.00 price objective on the stock in a research note on Friday, January 27th. CLSA reiterated an “outperform” rating on shares of Caterpillar in a research note on Tuesday, January 10th. Finally, Credit Suisse Group cut Caterpillar to a “buy” rating in a research note on Friday, January 27th. Four investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $87.58.

About Caterpillar

Caterpillar Inc is a manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The Company operates through its three product segments: Resource Industries, Construction Industries, and Energy & Transportation. It also provides financing and related services through its Financial Products segment.

5 Day Chart for NYSE:CAT

Want to see what other hedge funds are holding CAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Caterpillar, Inc. (NYSE:CAT).

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