CapWealth Advisors LLC purchased a new position in shares of Caterpillar Inc. (NYSE:CAT) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,505 shares of the industrial products company’s stock, valued at approximately $237,000.
Several other institutional investors and hedge funds have also recently bought and sold shares of CAT. Jennison Associates LLC grew its position in shares of Caterpillar by 126.5% during the 4th quarter. Jennison Associates LLC now owns 5,951,370 shares of the industrial products company’s stock worth $937,817,000 after buying an additional 3,324,051 shares in the last quarter. BlackRock Inc. boosted its position in Caterpillar by 6.5% during the fourth quarter. BlackRock Inc. now owns 37,565,629 shares of the industrial products company’s stock valued at $5,919,590,000 after purchasing an additional 2,297,750 shares in the last quarter. Amundi Pioneer Asset Management Inc. bought a new stake in Caterpillar during the fourth quarter valued at about $148,604,000. CI Investments Inc. boosted its position in Caterpillar by 400,906.6% during the fourth quarter. CI Investments Inc. now owns 665,671 shares of the industrial products company’s stock valued at $104,896,000 after purchasing an additional 665,505 shares in the last quarter. Finally, Fred Alger Management Inc. bought a new stake in Caterpillar during the fourth quarter valued at about $103,179,000. 69.22% of the stock is currently owned by institutional investors and hedge funds.
In other news, insider Thomas A. Pellette sold 95,199 shares of the firm’s 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 completion of the transaction, the insider now directly owns 96,268 shares in the company, valued at $15,700,348.12. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, General Counsel Suzette M. Long sold 528 shares of the firm’s stock in a transaction dated 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 owns 19,646 shares of the company’s stock, valued at $3,152,397.16. The disclosure for this sale can be found here. Company insiders own 0.14% of the company’s stock.
A number of brokerages recently weighed in on CAT. Credit Suisse Group reaffirmed a “buy” rating and set a $210.00 price objective on shares of Caterpillar in a research report on Wednesday, March 14th. ValuEngine downgraded Caterpillar from a “buy” rating to a “hold” rating in a research report on Wednesday, March 7th. Morgan Stanley began coverage on Caterpillar in a research report on Friday, March 2nd. They set an “overweight” rating and a $185.00 price objective on the stock. Vetr raised Caterpillar from a “buy” rating to a “strong-buy” rating and set a $180.95 price objective on the stock in a research report on Thursday, March 1st. Finally, UBS set a $190.00 price objective on Caterpillar and gave the company a “buy” rating in a research report on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $170.91.
Shares of Caterpillar stock opened at $156.46 on Monday. 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 firm has a market capitalization of $93,504.54, a PE ratio of 22.74, a price-to-earnings-growth ratio of 1.43 and a beta of 1.23. Caterpillar Inc. has a twelve month low of $90.34 and a twelve month high of $173.24.
Caterpillar (NYSE:CAT) last issued its quarterly earnings results on Thursday, January 25th. The industrial products company reported $2.16 earnings per share for the quarter, topping the consensus estimate of $1.77 by $0.39. The business had revenue of $12.90 billion during the quarter, compared to the consensus estimate of $12.01 billion. Caterpillar had a return on equity of 28.69% and a net margin of 1.66%. The company’s quarterly revenue was up 34.7% on a year-over-year basis. During the same quarter last year, the company earned $0.83 earnings per share. sell-side analysts forecast that Caterpillar Inc. will post 9.1 EPS for the current year.
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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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