Colonial Trust Advisors lifted its stake in shares of Caterpillar Inc. (NYSE:CAT) by 25.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 18,716 shares of the industrial products company’s stock after acquiring an additional 3,796 shares during the period. Colonial Trust Advisors’ holdings in Caterpillar were worth $2,949,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently bought and sold shares of CAT. Gradient Investments LLC purchased a new stake in Caterpillar in the 4th quarter valued at about $113,000. Harvest Fund Management Co. Ltd purchased a new stake in Caterpillar in the 4th quarter valued at about $131,000. Clearbridge LLC acquired a new position in Caterpillar in the 4th quarter valued at about $140,000. Aevitas Wealth Management Inc. acquired a new position in Caterpillar in the 4th quarter valued at about $143,000. Finally, Sandy Spring Bank grew its position in Caterpillar by 61.9% in the 4th quarter. Sandy Spring Bank now owns 981 shares of the industrial products company’s stock valued at $155,000 after acquiring an additional 375 shares in the last quarter. Institutional investors and hedge funds own 69.22% of the company’s stock.
Caterpillar Inc. (NYSE:CAT) opened at $146.90 on Friday. Caterpillar Inc. has a 52-week low of $90.34 and a 52-week high of $173.24. The company has a market capitalization of $93,110.10, a PE ratio of 22.65, a PEG ratio of 1.43 and a beta of 1.23. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.97 and a current ratio of 1.35.
Caterpillar (NYSE:CAT) last announced its quarterly earnings data on Thursday, January 25th. The industrial products company reported $2.16 EPS for the quarter, topping the Zacks’ 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 the consensus estimate of $12.01 billion. During the same period in the previous year, the company posted $0.83 earnings per share. The business’s revenue for the quarter was up 34.7% on a year-over-year basis. research analysts predict that Caterpillar Inc. will post 9.1 EPS for the current year.
Several equities analysts have weighed in on the company. Citigroup lifted their target price on Caterpillar from $145.00 to $160.00 and gave the company a “neutral” rating in a research report on Thursday, December 21st. Vetr raised Caterpillar from a “hold” rating to a “buy” rating and set a $170.44 target price for the company in a research report on Monday, January 29th. Bank of America reaffirmed a “buy” rating and issued a $189.00 target price (up from $158.00) on shares of Caterpillar in a research report on Friday, January 12th. ValuEngine raised Caterpillar from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, UBS set a $180.00 target price on Caterpillar and gave the company a “buy” rating in a research report on Friday, January 5th. They noted that the move was a valuation call. One equities 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 stock currently has a consensus rating of “Buy” and a consensus target price of $170.40.
In related news, General Counsel Suzette M. Long sold 528 shares of the company’s stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $160.46, for a total value of $84,722.88. Following the completion of the transaction, the general counsel now directly owns 19,646 shares of the company’s stock, valued at $3,152,397.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Thomas A. Pellette sold 95,199 shares of the company’s stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $163.09, for a total value 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 $15,700,348.12. The disclosure for this sale can be found here. Corporate insiders own 0.14% of the company’s stock.
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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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