Strategic Wealth Advisors Group LLC bought a new position in shares of Caterpillar Inc. (NYSE:CAT) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 13,826 shares of the industrial products company’s stock, valued at approximately $1,813,000.
Other institutional investors have also recently made changes to their positions in the company. Loeb Partners Corp acquired a new stake in Caterpillar in the 4th quarter valued at about $25,000. Bartlett & Co. LLC increased its position in Caterpillar by 150.0% in the 4th quarter. Bartlett & Co. LLC now owns 250 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 150 shares in the last quarter. Essex Investment Management Co. LLC acquired a new stake in Caterpillar in the 4th quarter valued at about $55,000. Legacy Financial Advisors Inc. increased its position in Caterpillar by 145.4% in the 4th quarter. Legacy Financial Advisors Inc. now owns 481 shares of the industrial products company’s stock valued at $61,000 after acquiring an additional 285 shares in the last quarter. Finally, Meeder Asset Management Inc. acquired a new stake in Caterpillar in the 4th quarter valued at about $69,000. Institutional investors and hedge funds own 66.16% of the company’s stock.
Several equities research analysts have weighed in on the stock. Zacks Investment Research cut shares of Caterpillar from a “buy” rating to a “hold” rating in a research report on Friday, January 25th. ValuEngine upgraded shares of Caterpillar from a “sell” rating to a “hold” rating in a research report on Friday, March 1st. Credit Suisse Group restated a “buy” rating and issued a $173.00 price objective on shares of Caterpillar in a research report on Thursday, February 14th. OTR Global cut shares of Caterpillar to a “positive” rating in a research report on Friday, February 15th. Finally, Morgan Stanley set a $160.00 price objective on shares of Caterpillar and gave the company a “buy” rating in a research report on Tuesday, January 29th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $150.24.
Shares of NYSE CAT traded down $0.60 during mid-day trading on Friday, hitting $133.09. The company’s stock had a trading volume of 44,226 shares, compared to its average volume of 4,751,936. The firm has a market capitalization of $76.94 billion, a PE ratio of 11.87, a price-to-earnings-growth ratio of 0.59 and a beta of 1.47. The company has a current ratio of 1.37, a quick ratio of 0.96 and a debt-to-equity ratio of 1.78. Caterpillar Inc. has a one year low of $112.06 and a one year high of $161.60.
Caterpillar (NYSE:CAT) last released its quarterly earnings data on Monday, January 28th. The industrial products company reported $2.55 earnings per share for the quarter, missing the consensus estimate of $2.98 by ($0.43). Caterpillar had a return on equity of 45.31% and a net margin of 11.23%. The firm had revenue of $14.34 billion for the quarter, compared to the consensus estimate of $14.36 billion. During the same period in the previous year, the business earned $2.16 EPS. The firm’s revenue was up 11.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Caterpillar Inc. will post 12.24 earnings per share for the current fiscal year.
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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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