SeaCrest Wealth Management LLC bought a new position in Caterpillar Inc. (NYSE:CAT) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 11,614 shares of the industrial products company’s stock, valued at approximately $1,830,000.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Harvest Fund Management Co. Ltd acquired a new stake in shares of Caterpillar during the 4th quarter worth approximately $131,000. Motco increased its holdings in shares of Caterpillar by 264.9% during the 2nd quarter. Motco now owns 989 shares of the industrial products company’s stock worth $106,000 after buying an additional 718 shares during the last quarter. Acrospire Investment Management LLC increased its holdings in shares of Caterpillar by 900.0% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,000 shares of the industrial products company’s stock worth $107,000 after buying an additional 900 shares during the last quarter. Verde Servicos Internacionais S.A. acquired a new stake in shares of Caterpillar during the 4th quarter worth approximately $156,000. Finally, Massey Quick Simon & CO. LLC increased its holdings in shares of Caterpillar by 4,240.7% during the 3rd quarter. Massey Quick Simon & CO. LLC now owns 1,172 shares of the industrial products company’s stock worth $146,000 after buying an additional 1,145 shares during the last quarter. 69.25% of the stock is currently owned by institutional investors and hedge funds.
Several analysts recently weighed in on the stock. Credit Suisse Group reiterated an “outperform” rating and issued a $169.37 target price (down previously from $210.00) on shares of Caterpillar in a report on Friday, January 26th. Vetr upgraded shares of Caterpillar from a “sell” rating to a “hold” rating and set a $164.34 target price for the company in a report on Monday, January 22nd. ValuEngine upgraded shares of Caterpillar from a “hold” rating to a “buy” rating in a report on Friday. Argus upgraded shares of Caterpillar to a “buy” rating in a report on Friday. Finally, Wells Fargo & Co set a $150.00 target price on shares of Caterpillar and gave the company a “buy” rating in a report on Monday, October 16th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and eighteen have issued a buy rating to the company. Caterpillar currently has a consensus rating of “Buy” and an average target price of $167.80.
In other Caterpillar news, insider Jananne A. Copeland sold 3,247 shares of the firm’s stock in a transaction that occurred on Friday, November 24th. The shares were sold at an average price of $136.95, for a total value of $444,676.65. Following the completion of the transaction, the insider now owns 8,908 shares of the company’s stock, valued at approximately $1,219,950.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Thomas A. Pellette sold 24,547 shares of the firm’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $135.69, for a total transaction of $3,330,782.43. The disclosure for this sale can be found here. Insiders sold a total of 143,331 shares of company stock valued at $22,107,578 in the last three months. 0.14% of the stock is currently owned by corporate insiders.
Caterpillar Inc. (NYSE:CAT) opened at $157.49 on Monday. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.35 and a quick ratio of 0.97. Caterpillar Inc. has a 1 year low of $90.34 and a 1 year high of $173.24. The company has a market cap of $93,696.10, a P/E ratio of 124.99, a price-to-earnings-growth ratio of 1.68 and a beta of 1.23.
Caterpillar (NYSE:CAT) last issued its quarterly 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. 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 analysts’ expectations of $12.01 billion. During the same quarter last year, the company posted $0.83 EPS. The firm’s revenue was up 34.7% compared to the same quarter last year. equities research analysts forecast that Caterpillar Inc. will post 9.05 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 20th. Shareholders of record on Monday, January 22nd will be given a $0.78 dividend. The ex-dividend date of this dividend is Friday, January 19th. This represents a $3.12 annualized dividend and a yield of 1.98%. Caterpillar’s dividend payout ratio is presently 247.62%.
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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