BB&T Securities LLC decreased its stake in Caterpillar Inc. (NYSE:CAT) by 12.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 66,637 shares of the industrial products company’s stock after selling 9,776 shares during the quarter. BB&T Securities LLC’s holdings in Caterpillar were worth $10,500,000 at the end of the most recent quarter.
Other hedge funds also recently added to or reduced their stakes in the company. Gradient Investments LLC purchased a new stake in Caterpillar in the 4th quarter worth approximately $113,000. Harvest Fund Management Co. Ltd purchased a new stake in Caterpillar in the 4th quarter worth approximately $131,000. Clearbridge LLC purchased a new stake in Caterpillar in the 4th quarter worth approximately $140,000. Aevitas Wealth Management Inc. purchased a new stake in Caterpillar in the 4th quarter worth approximately $143,000. Finally, Massey Quick Simon & CO. LLC lifted its position in Caterpillar by 4,240.7% in the 3rd quarter. Massey Quick Simon & CO. LLC now owns 1,172 shares of the industrial products company’s stock worth $146,000 after buying an additional 1,145 shares in the last quarter. Institutional investors own 69.22% of the company’s stock.
Caterpillar Inc. (CAT) opened at $152.15 on Tuesday. Caterpillar Inc. has a 12 month low of $90.34 and a 12 month high of $173.24. The company has a quick ratio of 0.97, a current ratio of 1.35 and a debt-to-equity ratio of 1.73. The stock has a market cap of $93,504.54, a price-to-earnings ratio of 120.75, a P/E/G ratio of 1.43 and a beta of 1.23.
Caterpillar (NYSE:CAT) last posted its earnings results on Thursday, January 25th. The industrial products company reported $2.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.77 by $0.39. The business had revenue of $12.90 billion for 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%. Caterpillar’s revenue was up 34.7% compared to the same quarter last year. During the same period last year, the business posted $0.83 EPS. equities analysts anticipate that Caterpillar Inc. will post 9.1 earnings per share for the current fiscal year.
CAT has been the subject of a number of research analyst reports. UBS set a $155.00 target price on shares of Caterpillar and gave the stock a “buy” rating in a research report on Tuesday, December 5th. Vetr downgraded shares of Caterpillar from a “hold” rating to a “sell” rating and set a $137.72 price target on the stock. in a report on Thursday, December 7th. Barclays started coverage on shares of Caterpillar in a report on Tuesday, December 12th. They set an “overweight” rating and a $162.00 price target on the stock. OTR Global downgraded shares of Caterpillar to a “positive” rating in a report on Monday, December 18th. Finally, Citigroup raised their price target on shares of Caterpillar from $145.00 to $160.00 and gave the company a “neutral” rating in a report on Thursday, December 21st. One research analyst has rated the stock with a sell rating, nine have given a hold rating and seventeen have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $170.40.
In other Caterpillar news, General Counsel Suzette M. Long sold 528 shares of the firm’s stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $160.46, for a total value of $84,722.88. Following the sale, the general counsel now directly owns 19,646 shares in the company, valued at approximately $3,152,397.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Thomas A. Pellette sold 95,199 shares of the firm’s stock in a transaction on 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 completion of the sale, the insider now owns 96,268 shares in the company, valued at $15,700,348.12. The disclosure for this sale can be found here. Company insiders own 0.14% of the company’s stock.
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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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