Nichols & Pratt Advisers LLP MA reduced its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 9.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 140,404 shares of the industrial products company’s stock after selling 15,336 shares during the period. Caterpillar makes up 1.9% of Nichols & Pratt Advisers LLP MA’s holdings, making the stock its 20th largest position. Nichols & Pratt Advisers LLP MA’s holdings in Caterpillar were worth $22,124,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. Gradient Investments LLC acquired a new position in Caterpillar during the 4th quarter valued at about $113,000. Harvest Fund Management Co. Ltd acquired a new position in Caterpillar during the 4th quarter valued at about $131,000. Sandy Spring Bank increased its position in Caterpillar by 61.9% during the 4th quarter. Sandy Spring Bank now owns 981 shares of the industrial products company’s stock valued at $155,000 after buying an additional 375 shares in the last quarter. Acrospire Investment Management LLC increased its position in Caterpillar by 900.0% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,000 shares of the industrial products company’s stock valued at $107,000 after buying an additional 900 shares in the last quarter. Finally, Verde Servicos Internacionais S.A. acquired a new position in Caterpillar during the 4th quarter valued at about $156,000. 68.70% of the stock is currently owned by institutional investors.
Several research analysts recently issued reports on CAT shares. Barclays set a $180.00 target price on Caterpillar and gave the company an “overweight” rating in a research report on Wednesday, January 24th. Bank of America increased their price objective on Caterpillar from $189.00 to $192.00 and gave the company a “buy” rating in a report on Friday, January 26th. Wells Fargo & Co increased their price objective on Caterpillar from $160.00 to $200.00 and gave the company an “outperform” rating in a report on Thursday, January 18th. Vetr raised Caterpillar from a “strong sell” rating to a “sell” rating and set a $151.72 price objective on the stock in a report on Monday, January 15th. Finally, BMO Capital Markets increased their price objective on Caterpillar from $150.00 to $165.00 and gave the company an “outperform” rating in a report on Thursday, October 26th. One analyst has rated the stock with a sell rating, nine have given a hold rating and sixteen have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $167.60.
Shares of Caterpillar Inc. (NYSE CAT) opened at $156.29 on Tuesday. The company has a market capitalization of $93,402.93, a PE ratio of 124.04, a P/E/G ratio of 1.67 and a beta of 1.23. Caterpillar Inc. has a 1-year low of $90.34 and a 1-year high of $173.24. 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 (NYSE:CAT) last posted its earnings results on Thursday, January 25th. The industrial products company reported $2.16 EPS for the quarter, topping the consensus estimate of $1.77 by $0.39. The firm had revenue of $12.90 billion for the quarter, compared to analyst estimates of $12.01 billion. Caterpillar had a return on equity of 28.69% and a net margin of 1.66%. Caterpillar’s revenue for the quarter was up 34.7% compared to the same quarter last year. During the same period last year, the company earned $0.83 earnings per share. analysts predict that Caterpillar Inc. will post 9.05 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 20th. Investors of record on Monday, January 22nd will be issued a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 2.00%. The ex-dividend date of this dividend is Friday, January 19th. Caterpillar’s dividend payout ratio (DPR) is 247.62%.
In related news, insider Thomas A. Pellette sold 95,199 shares of the firm’s stock in a transaction dated 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 sale, the insider now directly owns 96,268 shares of the company’s stock, valued at $15,700,348.12. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Jananne A. Copeland sold 3,247 shares of the firm’s stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $136.95, for a total value of $444,676.65. Following the sale, the insider now directly owns 8,908 shares in the company, valued at $1,219,950.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 101,574 shares of company stock worth $16,413,346. 0.14% of the stock is owned by corporate insiders.
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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