Thomasville National Bank boosted its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 4.4% in the 1st quarter, Holdings Channel reports. The firm owned 3,555 shares of the industrial products company’s stock after buying an additional 150 shares during the period. Thomasville National Bank’s holdings in Caterpillar were worth $412,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD lifted its stake in Caterpillar by 109.1% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 13,041,360 shares of the industrial products company’s stock worth $2,373,788,000 after purchasing an additional 6,803,900 shares during the last quarter. Fisher Asset Management LLC lifted its stake in shares of Caterpillar by 3.2% in the 4th quarter. Fisher Asset Management LLC now owns 6,188,027 shares of the industrial products company’s stock valued at $1,126,345,000 after acquiring an additional 194,728 shares during the last quarter. FMR LLC lifted its stake in shares of Caterpillar by 42.3% in the 4th quarter. FMR LLC now owns 6,019,787 shares of the industrial products company’s stock valued at $1,095,721,000 after acquiring an additional 1,788,783 shares during the last quarter. Morgan Stanley lifted its stake in shares of Caterpillar by 11.9% in the 4th quarter. Morgan Stanley now owns 4,867,473 shares of the industrial products company’s stock valued at $885,977,000 after acquiring an additional 519,151 shares during the last quarter. Finally, Norges Bank bought a new position in Caterpillar during the 4th quarter worth $878,514,000. Hedge funds and other institutional investors own 67.48% of the company’s stock.
In other Caterpillar news, CAO Gary Michael Marvel sold 4,018 shares of the company’s stock in a transaction dated Tuesday, February 2nd. The shares were sold at an average price of $190.76, for a total value of $766,473.68. Also, General Counsel Suzette M. Long sold 59,311 shares of the company’s stock in a transaction dated Monday, March 8th. The stock was sold at an average price of $219.67, for a total transaction of $13,028,847.37. Following the completion of the sale, the general counsel now owns 33,320 shares in the company, valued at approximately $7,319,404.40. The disclosure for this sale can be found here. Insiders sold 149,080 shares of company stock valued at $32,650,920 over the last three months. 0.31% of the stock is currently owned by insiders.
CAT opened at $229.80 on Thursday. The company has a fifty day moving average price of $222.41 and a 200-day moving average price of $186.67. The firm has a market capitalization of $125.31 billion, a P/E ratio of 38.34, a price-to-earnings-growth ratio of 2.14 and a beta of 0.97. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.54 and a quick ratio of 1.08. Caterpillar Inc. has a one year low of $100.22 and a one year high of $237.78.
Caterpillar (NYSE:CAT) last announced its earnings results on Thursday, January 28th. The industrial products company reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.63. Caterpillar had a net margin of 7.60% and a return on equity of 25.24%. The company had revenue of $11.24 billion during the quarter, compared to analyst estimates of $11.24 billion. During the same period in the previous year, the business earned $2.63 earnings per share. The firm’s quarterly revenue was down 14.5% compared to the same quarter last year. On average, analysts expect that Caterpillar Inc. will post 5.44 earnings per share for the current year.
Several research analysts recently issued reports on CAT shares. Morgan Stanley raised their target price on Caterpillar from $154.00 to $158.00 and gave the stock an “underweight” rating in a research report on Monday, February 1st. Jefferies Financial Group raised their target price on Caterpillar from $160.00 to $200.00 and gave the stock a “hold” rating in a research report on Friday, January 15th. Robert W. Baird increased their price target on Caterpillar to $220.00 in a report on Wednesday, December 30th. Stifel Nicolaus increased their price target on Caterpillar from $175.00 to $195.00 and gave the stock a “buy” rating in a report on Tuesday, December 15th. Finally, JPMorgan Chase & Co. increased their price target on Caterpillar from $205.00 to $237.00 and gave the stock an “overweight” rating in a report on Wednesday, March 3rd. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and ten have given a buy rating to the company. Caterpillar currently has an average rating of “Hold” and an average price target of $182.05.
Caterpillar Inc manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives worldwide. Its Construction Industries segment offers asphalt pavers, compactors, cold planers, motorgraders, pipelayers, road reclaimers, telehandlers, and utility vehicles; backhoe, 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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