Winslow Evans & Crocker Inc. increased its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 244.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,310 shares of the industrial products company’s stock after purchasing an additional 3,770 shares during the period. Winslow Evans & Crocker Inc.’s holdings in Caterpillar were worth $836,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CAT. V Wealth Management LLC lifted its holdings in shares of Caterpillar by 92.5% in the fourth quarter. V Wealth Management LLC now owns 9,044 shares of the industrial products company’s stock valued at $1,532,000 after purchasing an additional 4,346 shares in the last quarter. TRUE Private Wealth Advisors bought a new position in shares of Caterpillar in the fourth quarter valued at approximately $355,000. Bender Robert & Associates bought a new position in shares of Caterpillar in the fourth quarter valued at approximately $223,000. State of Alaska Department of Revenue lifted its holdings in Caterpillar by 779.7% during the fourth quarter. State of Alaska Department of Revenue now owns 60,006 shares of the industrial products company’s stock worth $9,454,000 after acquiring an additional 53,185 shares during the period. Finally, Cordasco Financial Network lifted its holdings in Caterpillar by 66.7% during the fourth quarter. Cordasco Financial Network now owns 2,500 shares of the industrial products company’s stock worth $394,000 after acquiring an additional 1,000 shares during the period. 69.27% of the stock is owned by institutional investors and hedge funds.
In other Caterpillar news, CFO Bradley M. Halverson sold 17,210 shares of Caterpillar stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $137.33, for a total transaction of $2,363,449.30. Following the completion of the sale, the chief financial officer now owns 7,814 shares of the company’s stock, valued at $1,073,096.62. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Thomas A. Pellette sold 24,547 shares of Caterpillar stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $135.69, for a total value of $3,330,782.43. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 143,331 shares of company stock valued at $22,107,578. Corporate insiders own 0.14% of the company’s stock.
Caterpillar Inc. (NYSE:CAT) opened at $152.29 on Tuesday. Caterpillar Inc. has a 52-week low of $90.34 and a 52-week high of $173.24. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.97 and a current ratio of 1.35. The company has a market capitalization of $90,600.00, a PE ratio of 120.87, a P/E/G ratio of 1.60 and a beta of 1.22.
Caterpillar (NYSE:CAT) last posted its earnings results on Thursday, January 25th. The industrial products company reported $2.16 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.77 by $0.39. Caterpillar had a return on equity of 28.69% and a net margin of 1.66%. The business had revenue of $12.90 billion during the quarter, compared to analysts’ expectations of $12.01 billion. During the same period in the previous year, the business earned $0.83 earnings per share. The firm’s revenue was up 34.7% on a year-over-year basis. equities research analysts predict that Caterpillar Inc. will post 9.05 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 20th. Shareholders of record on Monday, January 22nd will be paid a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 2.05%. The ex-dividend date of this dividend is Friday, January 19th. Caterpillar’s dividend payout ratio (DPR) is currently 247.62%.
A number of analysts have issued reports on CAT shares. Bank of America set a $152.00 target price on Caterpillar and gave the stock a “buy” rating in a research report on Wednesday, October 25th. Wells Fargo & Co set a $150.00 target price on Caterpillar and gave the stock a “buy” rating in a research report on Monday, October 16th. They noted that the move was a valuation call. UBS Group set a $155.00 target price on Caterpillar and gave the stock a “buy” rating in a research report on Wednesday, October 25th. BMO Capital Markets reissued a “buy” rating and issued a $150.00 target price on shares of Caterpillar in a research report on Friday, October 20th. Finally, Argus raised their target price on Caterpillar from $130.00 to $155.00 and gave the stock a “buy” rating in a research report on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and eighteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $167.60.
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Caterpillar Company Profile
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 segments, including Construction Industries, which is engaged in supporting customers using machinery in infrastructure, forestry and building construction; Resource Industries, which is engaged in supporting customers using machinery in mining, quarry, waste and material handling applications; Energy & Transportation, which supports customers in oil and gas, power generation, marine, rail and industrial applications, including Cat machines; Financial Products segment, which provides financing and related services, and All Other operating segments, which includes activities, such as product management and development, and manufacturing of filters and fluids, undercarriage, tires and rims, ground engaging tools, fluid transfer products, and sealing and connecting components for Cat products.
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