LPL Financial LLC grew its holdings in Caterpillar Inc. (NYSE:CAT) by 15.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 254,652 shares of the industrial products company’s stock after acquiring an additional 33,454 shares during the period. LPL Financial LLC’s holdings in Caterpillar were worth $40,128,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also recently added to or reduced their stakes in the company. Swiss National Bank raised its holdings in shares of Caterpillar by 0.4% in the fourth quarter. Swiss National Bank now owns 2,179,616 shares of the industrial products company’s stock valued at $343,464,000 after buying an additional 7,900 shares during the last quarter. Schroder Investment Management Group grew its position in Caterpillar by 7.6% during the fourth quarter. Schroder Investment Management Group now owns 770,480 shares of the industrial products company’s stock worth $121,411,000 after buying an additional 54,661 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in Caterpillar by 9.8% during the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 48,071 shares of the industrial products company’s stock worth $5,995,000 after buying an additional 4,291 shares during the period. Ladenburg Thalmann Financial Services Inc. grew its position in Caterpillar by 18.5% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 152,100 shares of the industrial products company’s stock worth $18,979,000 after buying an additional 23,749 shares during the period. Finally, KHP Capital LLC acquired a new position in Caterpillar during the fourth quarter worth about $867,000. 69.24% of the stock is owned by institutional investors and hedge funds.
Several analysts have issued reports on CAT shares. Seaport Global Securities raised shares of Caterpillar from a “neutral” rating to a “buy” rating and upped their price target for the company from $170.90 to $195.00 in a report on Tuesday, January 23rd. Vetr raised shares of Caterpillar from a “sell” rating to a “hold” rating and set a $164.34 price target on the stock in a report on Monday, January 22nd. Citigroup reissued a “neutral” rating and set a $185.00 price objective (up previously from $160.00) on shares of Caterpillar in a research note on Friday, January 19th. Barclays set a $180.00 price target on shares of Caterpillar and gave the stock an “overweight” rating in a research note on Wednesday, January 24th. Finally, Bank of America reaffirmed a “buy” rating and set a $189.00 price target (up previously from $158.00) on shares of Caterpillar in a research note on Friday, January 12th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $170.40.
Caterpillar stock traded down $5.14 during trading hours on Friday, hitting $142.99. 5,707,394 shares of the company traded hands, compared to its average volume of 5,176,423. The stock has a market cap of $88,526.31, a price-to-earnings ratio of 20.78, a PEG ratio of 1.36 and a beta of 1.30. 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 1-year low of $92.98 and a 1-year high of $173.24.
Caterpillar (NYSE:CAT) last released its earnings results on Thursday, January 25th. The industrial products company reported $2.16 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.77 by $0.39. The firm had revenue of $12.90 billion for the quarter, compared to analysts’ expectations of $12.01 billion. Caterpillar had a net margin of 1.66% and a return on equity of 28.69%. Caterpillar’s quarterly revenue was up 34.7% on a year-over-year basis. During the same quarter last year, the company earned $0.83 EPS. research analysts expect that Caterpillar Inc. will post 9.1 earnings per share for the current fiscal year.
In other news, General Counsel Suzette M. Long sold 528 shares of Caterpillar stock in a transaction that occurred 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 transaction, the general counsel now owns 19,646 shares of the company’s stock, valued at approximately $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 Caterpillar stock in a transaction that occurred 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 transaction, the insider now directly owns 96,268 shares in the company, valued at approximately $15,700,348.12. The disclosure for this sale can be found here. Insiders own 0.14% of the company’s stock.
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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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