Hilton Capital Management LLC purchased a new position in shares of Caterpillar Inc. (NYSE:CAT) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,500 shares of the industrial products company’s stock, valued at approximately $236,000.
Several other institutional investors have also recently added to or reduced their stakes in CAT. Nationwide Fund Advisors grew its position in shares of Caterpillar by 21.6% during the third quarter. Nationwide Fund Advisors now owns 287,285 shares of the industrial products company’s stock worth $35,827,000 after acquiring an additional 51,060 shares during the last quarter. Financial Sense Advisors Inc. grew its position in Caterpillar by 52.3% in the 3rd quarter. Financial Sense Advisors Inc. now owns 54,832 shares of the industrial products company’s stock valued at $6,838,000 after buying an additional 18,821 shares in the last quarter. First Quadrant L P CA bought a new position in Caterpillar in the 3rd quarter valued at about $591,000. Segment Wealth Management LLC grew its position in Caterpillar by 19.5% in the 3rd quarter. Segment Wealth Management LLC now owns 12,284 shares of the industrial products company’s stock valued at $1,532,000 after buying an additional 2,003 shares in the last quarter. Finally, Fort Pitt Capital Group LLC grew its position in Caterpillar by 6.8% in the 3rd quarter. Fort Pitt Capital Group LLC now owns 8,923 shares of the industrial products company’s stock valued at $1,113,000 after buying an additional 569 shares in the last quarter. Institutional investors and hedge funds own 69.22% of the company’s stock.
Caterpillar stock opened at $155.80 on Thursday. Caterpillar Inc. has a 12-month low of $90.34 and a 12-month high of $173.24. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.97 and a current ratio of 1.35. The firm has a market cap of $92,070.23, a PE ratio of 123.65, a PEG ratio of 1.41 and a beta of 1.23.
Caterpillar (NYSE:CAT) last posted its quarterly earnings data on Thursday, January 25th. The industrial products company reported $2.16 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.77 by $0.39. Caterpillar had a net margin of 1.66% and a return on equity of 28.69%. The company had revenue of $12.90 billion during the quarter, compared to analyst estimates of $12.01 billion. During the same quarter last year, the firm posted $0.83 EPS. The business’s revenue for the quarter was up 34.7% on a year-over-year basis. sell-side analysts expect that Caterpillar Inc. will post 9.1 earnings per share for the current year.
In other Caterpillar news, General Counsel Suzette M. Long sold 528 shares of the company’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $160.46, for a total transaction of $84,722.88. Following the completion of the sale, the general counsel now directly owns 19,646 shares of the company’s stock, valued at $3,152,397.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Thomas A. Pellette sold 95,199 shares of the company’s stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $163.09, for a total transaction of $15,526,004.91. Following the sale, 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. Company insiders own 0.14% of the company’s stock.
A number of brokerages recently issued reports on CAT. Vetr lowered shares of Caterpillar from a “strong-buy” rating to a “buy” rating and set a $169.76 target price for the company. in a research report on Monday. Credit Suisse Group reiterated a “buy” rating and issued a $210.00 target price on shares of Caterpillar in a research report on Wednesday, March 14th. ValuEngine lowered shares of Caterpillar from a “buy” rating to a “hold” rating in a research report on Wednesday, March 7th. Morgan Stanley began coverage on shares of Caterpillar in a research report on Friday, March 2nd. They issued an “overweight” rating and a $185.00 target price for the company. Finally, UBS set a $190.00 target price on shares of 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 assigned a hold rating and seventeen have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $170.40.
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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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