Metropolitan Life Insurance Co. NY lowered its stake in shares of Caterpillar Inc. (NYSE:CAT) by 62.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 114,159 shares of the industrial products company’s stock after selling 188,266 shares during the period. Metropolitan Life Insurance Co. NY’s holdings in Caterpillar were worth $17,989,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of the business. Lido Advisors LLC acquired a new stake in shares of Caterpillar in the fourth quarter worth $224,000. Financial Advocates Investment Management acquired a new stake in shares of Caterpillar in the fourth quarter worth $780,000. Belpointe Asset Management LLC increased its position in shares of Caterpillar by 13.3% in the fourth quarter. Belpointe Asset Management LLC now owns 5,034 shares of the industrial products company’s stock worth $793,000 after acquiring an additional 591 shares in the last quarter. Hoylecohen LLC acquired a new stake in shares of Caterpillar in the fourth quarter worth $1,430,000. Finally, Zeke Capital Advisors LLC increased its position in shares of Caterpillar by 18.5% in the fourth quarter. Zeke Capital Advisors LLC now owns 11,148 shares of the industrial products company’s stock worth $1,757,000 after acquiring an additional 1,742 shares in the last quarter. 69.28% of the stock is currently owned by institutional investors.
Several equities research analysts have recently issued reports on the stock. ValuEngine lowered shares of Caterpillar from a “buy” rating to a “hold” rating in a research report on Wednesday, March 7th. Credit Suisse Group reissued a “buy” rating and issued a $210.00 price objective on shares of Caterpillar in a research report on Wednesday. Vetr raised shares of Caterpillar from a “buy” rating to a “strong-buy” rating and set a $180.95 price objective for the company in a research report on Thursday, March 1st. Citigroup reissued a “neutral” rating and issued a $185.00 price objective (up previously from $160.00) on shares of Caterpillar in a research report on Friday, January 19th. Finally, Jefferies Group reissued a “hold” rating and issued a $170.00 price objective on shares of Caterpillar in a research report on Friday, January 26th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $170.91.
Caterpillar Inc. (NYSE:CAT) opened at $154.57 on Friday. The firm has a market cap of $91,161.84, a price-to-earnings ratio of 122.68, a price-to-earnings-growth ratio of 1.40 and a beta of 1.23. The company has a current ratio of 1.35, a quick ratio of 0.97 and a debt-to-equity ratio of 1.73. Caterpillar Inc. has a fifty-two week low of $90.34 and a fifty-two week high of $173.24.
Caterpillar (NYSE:CAT) last announced its quarterly earnings data on Thursday, January 25th. The industrial products company reported $2.16 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.77 by $0.39. The company had revenue of $12.90 billion during the quarter, compared to analyst estimates of $12.01 billion. Caterpillar had a net margin of 1.66% and a return on equity of 28.69%. The firm’s revenue for the quarter was up 34.7% compared to the same quarter last year. During the same period last year, the business earned $0.83 EPS. sell-side analysts predict that Caterpillar Inc. will post 9.1 earnings per share for the current year.
In other Caterpillar news, insider Thomas A. Pellette sold 95,199 shares of the firm’s stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $163.09, for a total transaction of $15,526,004.91. Following the completion of the transaction, the insider now directly owns 96,268 shares of the company’s stock, valued at approximately $15,700,348.12. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, General Counsel Suzette M. Long sold 528 shares of the firm’s stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $160.46, for a total transaction of $84,722.88. Following the transaction, the general counsel now directly owns 19,646 shares of the company’s stock, valued at $3,152,397.16. The disclosure for this sale can be found here. 0.14% of the stock is owned by company insiders.
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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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