Zeke Capital Advisors LLC boosted its position in Caterpillar Inc. (NYSE:CAT) by 18.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,148 shares of the industrial products company’s stock after purchasing an additional 1,742 shares during the quarter. Zeke Capital Advisors LLC’s holdings in Caterpillar were worth $1,757,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of CAT. Aldebaran Financial Inc. purchased a new stake in Caterpillar in the 2nd quarter valued at $484,000. Intl Fcstone Inc. purchased a new stake in Caterpillar in the 2nd quarter valued at $346,000. W. E. Donoghue & Co. LLC purchased a new stake in Caterpillar in the 2nd quarter valued at $16,036,000. Perigon Wealth Management LLC grew its holdings in shares of Caterpillar by 389.7% during the 2nd quarter. Perigon Wealth Management LLC now owns 12,252 shares of the industrial products company’s stock worth $1,317,000 after purchasing an additional 9,750 shares during the period. Finally, MPS Loria Financial Planners LLC purchased a new position in shares of Caterpillar during the 2nd quarter worth $316,000. 69.24% of the stock is owned by hedge funds and other institutional investors.
CAT stock opened at $142.99 on Friday. The company has a current ratio of 1.35, a quick ratio of 0.97 and a debt-to-equity ratio of 1.73. The stock has a market capitalization of $88,526.31, a price-to-earnings ratio of 21.53, a P/E/G ratio of 1.36 and a beta of 1.30. Caterpillar Inc. has a 1 year low of $92.98 and a 1 year high of $173.24.
Caterpillar (NYSE:CAT) last posted its quarterly 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 company had revenue of $12.90 billion for the quarter, compared to analyst estimates of $12.01 billion. Caterpillar had a return on equity of 28.69% and a net margin of 1.66%. Caterpillar’s revenue for the quarter was up 34.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.83 EPS. equities analysts forecast that Caterpillar Inc. will post 9.1 EPS for the current fiscal year.
In other Caterpillar news, insider Thomas A. Pellette sold 95,199 shares of the stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $163.09, for a total value of $15,526,004.91. Following the sale, the insider now owns 96,268 shares of the company’s stock, valued at approximately $15,700,348.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Suzette M. Long sold 528 shares of the stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $160.46, for a total value of $84,722.88. Following the completion of the sale, the general counsel now directly owns 19,646 shares in the company, valued at approximately $3,152,397.16. The disclosure for this sale can be found here. 0.14% of the stock is owned by company insiders.
CAT has been the subject of a number of research analyst reports. Berenberg Bank initiated coverage on Caterpillar in a report on Thursday, January 18th. They set a “buy” rating and a $200.00 price target for the company. Bank of America reiterated a “buy” rating and set a $189.00 price target (up from $158.00) on shares of Caterpillar in a report on Friday, January 12th. BMO Capital Markets reiterated a “buy” rating and set a $195.00 price target (up from $165.00) on shares of Caterpillar in a report on Thursday, January 4th. ValuEngine upgraded Caterpillar from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Finally, UBS set a $180.00 price target on Caterpillar and gave the stock a “buy” rating in a report on Friday, January 5th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $170.40.
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Caterpillar Company Profile
Caterpillar Inc manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives for construction, resource, and energy and transportation industries. Its Construction Industries segment offers asphalt pavers, backhoe loaders, compactors, cold planers, compact truck and multi-terrain loaders, forestry excavators, feller bunchers, harvesters, knuckleboom loaders, motorgraders, pipelayers, road reclaimers, site prep tractors, skidders, skid steer loaders, telehandlers, track-type loaders, wheel excavators, and track-type tractors.
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