Dixon Hubard Feinour & Brown Inc. VA cut its stake in shares of Caterpillar Inc. (NYSE:CAT) by 10.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,872 shares of the industrial products company’s stock after selling 700 shares during the period. Dixon Hubard Feinour & Brown Inc. VA’s holdings in Caterpillar were worth $925,000 as of its most recent SEC filing.
Other institutional investors also recently made changes to their positions in the company. Swiss National Bank grew its stake in 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 acquiring an additional 7,900 shares during the period. Schroder Investment Management Group grew its stake in Caterpillar by 7.6% in the fourth quarter. Schroder Investment Management Group now owns 770,480 shares of the industrial products company’s stock valued at $121,411,000 after acquiring an additional 54,661 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in Caterpillar by 9.8% in the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 48,071 shares of the industrial products company’s stock valued at $5,995,000 after acquiring an additional 4,291 shares during the period. Ladenburg Thalmann Financial Services Inc. grew its stake in Caterpillar by 18.5% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 152,100 shares of the industrial products company’s stock valued at $18,979,000 after acquiring an additional 23,749 shares during the period. Finally, KHP Capital LLC acquired a new position in Caterpillar in the fourth quarter valued at about $867,000. 69.22% of the stock is owned by institutional investors and hedge funds.
In related news, insider Thomas A. Pellette sold 95,199 shares of the company’s stock in a transaction dated 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 sale, the insider now owns 96,268 shares in the company, valued at $15,700,348.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Suzette M. Long sold 528 shares of the company’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 sale, the general counsel now owns 19,646 shares in the company, valued at approximately $3,152,397.16. The disclosure for this sale can be found here. Corporate insiders own 0.14% of the company’s stock.
CAT has been the subject of a number of research analyst reports. Barclays set a $180.00 target price on Caterpillar and gave the company an “overweight” rating in a research note on Wednesday, January 24th. Bank of America boosted their target price on Caterpillar from $189.00 to $192.00 and gave the company a “buy” rating in a research note on Friday, January 26th. Wells Fargo boosted their target price on Caterpillar from $160.00 to $200.00 and gave the company an “outperform” rating in a research note on Thursday, January 18th. Vetr raised Caterpillar from a “strong sell” rating to a “sell” rating and set a $151.72 target price for the company in a research note on Monday, January 15th. Finally, Jefferies Group reissued a “hold” rating and issued a $170.00 target price on shares of Caterpillar in a research note on Friday, January 26th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and seventeen have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $170.40.
Shares of Caterpillar Inc. (NYSE:CAT) opened at $146.90 on Friday. 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. Caterpillar Inc. has a twelve month low of $90.34 and a twelve month high of $173.24. The company has a quick ratio of 0.97, a current ratio of 1.35 and a debt-to-equity ratio of 1.73.
Caterpillar (NYSE:CAT) last released its earnings results on Thursday, January 25th. The industrial products company reported $2.16 earnings per share (EPS) for the quarter, topping the 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 for the quarter, compared to analyst estimates of $12.01 billion. During the same quarter in the prior year, the company posted $0.83 earnings per share. Caterpillar’s revenue was up 34.7% on a year-over-year basis. sell-side analysts anticipate that Caterpillar Inc. will post 9.1 EPS for the current year.
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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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