Lido Advisors LLC lifted its position in shares of Caterpillar Inc. (NYSE:CAT) by 98.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,702 shares of the industrial products company’s stock after purchasing an additional 4,321 shares during the quarter. Lido Advisors LLC’s holdings in Caterpillar were worth $1,105,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently modified their holdings of CAT. LeJeune Puetz Investment Counsel LLC lifted its holdings in Caterpillar by 5.5% in the 4th quarter. LeJeune Puetz Investment Counsel LLC now owns 17,174 shares of the industrial products company’s stock valued at $2,182,000 after purchasing an additional 900 shares in the last quarter. Kanawha Capital Management LLC raised its holdings in shares of Caterpillar by 6.2% during the 4th quarter. Kanawha Capital Management LLC now owns 29,053 shares of the industrial products company’s stock worth $3,692,000 after acquiring an additional 1,697 shares during the period. Kiley Juergens Wealth Management LLC raised its holdings in shares of Caterpillar by 51.7% during the 4th quarter. Kiley Juergens Wealth Management LLC now owns 11,979 shares of the industrial products company’s stock worth $1,522,000 after acquiring an additional 4,084 shares during the period. Sargent Investment Group LLC purchased a new position in shares of Caterpillar during the 4th quarter worth $632,000. Finally, Carroll Financial Associates Inc. raised its holdings in shares of Caterpillar by 18.7% during the 4th quarter. Carroll Financial Associates Inc. now owns 4,529 shares of the industrial products company’s stock worth $580,000 after acquiring an additional 714 shares during the period. 67.04% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts have recently commented on the company. Zacks Investment Research lowered Caterpillar from a “buy” rating to a “hold” rating in a report on Friday, January 25th. Credit Suisse Group reiterated a “buy” rating and set a $173.00 price target on shares of Caterpillar in a report on Thursday, February 14th. OTR Global lowered Caterpillar to a “positive” rating in a report on Friday, February 15th. ValuEngine lowered Caterpillar from a “hold” rating to a “sell” rating in a report on Tuesday, January 29th. Finally, Morgan Stanley set a $160.00 price target on Caterpillar and gave the stock a “buy” rating in a report on Tuesday, January 29th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $150.24.
Shares of CAT opened at $129.77 on Monday. The stock has a market capitalization of $74.69 billion, a P/E ratio of 11.57, a P/E/G ratio of 0.68 and a beta of 1.47. Caterpillar Inc. has a 12-month low of $112.06 and a 12-month high of $161.60. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.96 and a current ratio of 1.37.
Caterpillar (NYSE:CAT) last released its earnings results 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). The firm had revenue of $14.34 billion during the quarter, compared to analyst estimates of $14.36 billion. Caterpillar had a net margin of 11.23% and a return on equity of 45.31%. The business’s revenue was up 11.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.16 earnings per share. Analysts expect that Caterpillar Inc. will post 12.24 earnings per share for the current year.
Caterpillar Inc manufactures and sells construction and mining equipment, diesel and natural gas engines, and industrial gas turbines. Its Construction Industries segment offers asphalt pavers, compactors, cold planers, feller bunchers, harvesters, motorgraders, pipelayers, road reclaimers, skidders, telehandlers, and utility vehicles; backhoe, knuckleboom, compact track, multi-terrain, skid steer, and track-type loaders; forestry and wheel excavators; and site prep and track-type tractors.
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