Global Financial Private Capital LLC grew its position in shares of Caterpillar Inc. (NYSE:CAT) by 10.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 15,783 shares of the industrial products company’s stock after acquiring an additional 1,482 shares during the quarter. Global Financial Private Capital LLC’s holdings in Caterpillar were worth $2,487,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Jennison Associates LLC lifted its holdings in Caterpillar by 126.5% in the fourth quarter. Jennison Associates LLC now owns 5,951,370 shares of the industrial products company’s stock worth $937,817,000 after purchasing an additional 3,324,051 shares during the period. Vanguard Group Inc. lifted its holdings in Caterpillar by 6.1% in the second quarter. Vanguard Group Inc. now owns 41,225,175 shares of the industrial products company’s stock worth $4,430,058,000 after purchasing an additional 2,377,623 shares during the period. FMR LLC lifted its holdings in Caterpillar by 11.7% in the second quarter. FMR LLC now owns 19,613,661 shares of the industrial products company’s stock worth $2,107,684,000 after purchasing an additional 2,052,300 shares during the period. Balyasny Asset Management LLC lifted its holdings in Caterpillar by 663.8% in the second quarter. Balyasny Asset Management LLC now owns 1,032,853 shares of the industrial products company’s stock worth $110,990,000 after purchasing an additional 1,216,053 shares during the period. Finally, Renaissance Technologies LLC lifted its holdings in Caterpillar by 61.7% in the second quarter. Renaissance Technologies LLC now owns 2,501,100 shares of the industrial products company’s stock worth $268,768,000 after purchasing an additional 954,200 shares during the period. 69.27% of the stock is owned by institutional investors.
Several research firms recently weighed in on CAT. Vetr downgraded shares of Caterpillar from a “buy” rating to a “hold” rating and set a $166.15 price objective for the company. in a report on Monday. Barclays began coverage on shares of Caterpillar in a report on Tuesday, December 12th. They issued an “overweight” rating and a $162.00 price target for the company. ValuEngine raised shares of Caterpillar from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Deutsche Bank set a $149.00 price target on shares of Caterpillar and gave the company a “hold” rating in a report on Wednesday, October 25th. Finally, Citigroup reissued a “neutral” rating and issued a $185.00 price target (up from $160.00) on shares of Caterpillar in a report on Friday, January 19th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and sixteen have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $167.60.
In other Caterpillar news, insider Thomas A. Pellette sold 95,199 shares of the business’s stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $163.09, for a total transaction of $15,526,004.91. Following the sale, the insider now owns 96,268 shares in the company, valued at approximately $15,700,348.12. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Bradley M. Halverson sold 17,210 shares of the business’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $137.33, for a total value of $2,363,449.30. Following the sale, the chief financial officer now owns 7,814 shares in the company, valued at approximately $1,073,096.62. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 118,784 shares of company stock worth $18,776,796. Corporate insiders own 0.14% of the company’s stock.
Shares of Caterpillar Inc. (CAT) opened at $156.29 on Friday. 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 stock has a market capitalization of $93,402.96, a PE ratio of 124.04, a price-to-earnings-growth ratio of 1.67 and a beta of 1.23. Caterpillar Inc. has a twelve month low of $90.34 and a twelve month high of $173.24.
Caterpillar (NYSE:CAT) last posted its quarterly earnings data on Thursday, January 25th. The industrial products company reported $2.16 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.77 by $0.39. The firm had revenue of $12.90 billion for the quarter, compared to the consensus estimate of $12.01 billion. Caterpillar had a return on equity of 28.69% and a net margin of 1.66%. The business’s revenue for the quarter was up 34.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.83 EPS. equities analysts expect that Caterpillar Inc. will post 9.05 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 20th. Shareholders of record on Monday, January 22nd will be issued a dividend of $0.78 per share. The ex-dividend date is Friday, January 19th. This represents a $3.12 annualized dividend and a yield of 2.00%. Caterpillar’s payout ratio is presently 247.62%.
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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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