ARP Americas LP grew its holdings in Caterpillar Inc. (NYSE:CAT) by 702.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,247 shares of the industrial products company’s stock after purchasing an additional 13,347 shares during the period. ARP Americas LP’s holdings in Caterpillar were worth $2,403,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Frontier Investment Mgmt Co. bought a new stake in shares of Caterpillar in the 4th quarter valued at approximately $262,000. TCW Group Inc. grew its stake in shares of Caterpillar by 11.3% in the 4th quarter. TCW Group Inc. now owns 19,092 shares of the industrial products company’s stock valued at $3,009,000 after buying an additional 1,932 shares in the last quarter. Trustcore Financial Services LLC bought a new stake in shares of Caterpillar in the 4th quarter valued at approximately $1,034,000. Valeo Financial Advisors LLC grew its stake in shares of Caterpillar by 20.7% in the 4th quarter. Valeo Financial Advisors LLC now owns 18,935 shares of the industrial products company’s stock valued at $2,984,000 after buying an additional 3,251 shares in the last quarter. Finally, Wetherby Asset Management Inc. grew its stake in shares of Caterpillar by 14.4% in the 4th quarter. Wetherby Asset Management Inc. now owns 10,958 shares of the industrial products company’s stock valued at $1,727,000 after buying an additional 1,382 shares in the last quarter. Institutional investors own 68.70% of the company’s stock.
CAT has been the subject of several recent research reports. ValuEngine raised Caterpillar from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Vetr cut Caterpillar from a “sell” rating to a “strong sell” rating and set a $139.26 price target for the company. in a research note on Wednesday, December 27th. JPMorgan Chase & Co. raised Caterpillar from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $161.96 to $200.00 in a research note on Monday, January 8th. Bank of America boosted their price target on Caterpillar from $189.00 to $192.00 and gave the company a “buy” rating in a research note on Friday, January 26th. Finally, OTR Global cut Caterpillar to a “positive” rating in a research note on Monday, December 18th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and sixteen have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $167.60.
Shares of Caterpillar Inc. (NYSE CAT) opened at $162.41 on Friday. The stock has a market capitalization of $96,620.00, a P/E ratio of 31.05, a price-to-earnings-growth ratio of 1.70 and a beta of 1.22. The company has a current ratio of 1.35, a quick ratio of 0.97 and a debt-to-equity ratio of 1.73. Caterpillar Inc. has a 12-month low of $90.34 and a 12-month high of $173.24.
Caterpillar (NYSE:CAT) last announced its earnings results on Thursday, January 25th. The industrial products company reported $2.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.77 by $0.39. The firm had revenue of $12.90 billion during the quarter, compared to analysts’ expectations of $12.01 billion. Caterpillar had a return on equity of 28.69% and a net margin of 1.66%. The company’s revenue was up 34.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.83 earnings per share. equities analysts forecast that Caterpillar Inc. will post 9.05 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, February 20th. Shareholders of record on Monday, January 22nd were given a dividend of $0.78 per share. The ex-dividend date of this dividend was Friday, January 19th. This represents a $3.12 dividend on an annualized basis and a yield of 1.92%. Caterpillar’s payout ratio is currently 59.66%.
In other Caterpillar news, insider Thomas A. Pellette sold 95,199 shares of the company’s stock in a transaction that occurred on 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 completion of the sale, the insider now owns 96,268 shares of the company’s stock, valued at $15,700,348.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Bradley M. Halverson sold 2,600 shares of the company’s stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $137.67, for a total value of $357,942.00. Following the sale, the insider now directly owns 5,214 shares of the company’s stock, valued at approximately $717,811.38. The disclosure for this sale can be found here. Insiders have sold 98,327 shares of company stock valued at $15,968,670 in the last ninety days. Company insiders own 0.14% of the company’s stock.
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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