Lake Street Advisors Group LLC bought a new position in shares of Caterpillar Inc. (NYSE:CAT) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 3,228 shares of the industrial products company’s stock, valued at approximately $509,000.
Other large investors have also bought and sold shares of the company. Gradient Investments LLC acquired a new stake in Caterpillar during the 4th quarter worth approximately $113,000. Harvest Fund Management Co. Ltd acquired a new stake in Caterpillar during the 4th quarter worth approximately $131,000. Clearbridge LLC acquired a new stake in Caterpillar during the 4th quarter worth approximately $140,000. Aevitas Wealth Management Inc. acquired a new stake in Caterpillar during the 4th quarter worth approximately $143,000. Finally, Sandy Spring Bank boosted 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 worth $155,000 after buying an additional 375 shares during the period. Institutional investors and hedge funds own 69.22% of the company’s stock.
Several equities research analysts recently commented on CAT shares. Morgan Stanley initiated coverage on shares of Caterpillar in a research report on Friday, March 2nd. They set an “overweight” rating and a $185.00 target price on the stock. ValuEngine upgraded shares of Caterpillar from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Vetr upgraded shares of Caterpillar from a “buy” rating to a “strong-buy” rating and set a $180.95 price target on the stock in a research report on Thursday, March 1st. JPMorgan Chase & Co. upgraded shares of Caterpillar from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $161.96 to $200.00 in a research report on Monday, January 8th. Finally, Bank of America boosted their price target on shares of Caterpillar from $189.00 to $192.00 and gave the stock a “buy” rating in a research report on Friday, January 26th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and seventeen have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $170.40.
Shares of CAT stock opened at $154.06 on Wednesday. The firm has a market cap of $90,928.76, a price-to-earnings ratio of 122.27, a PEG ratio of 1.39 and a beta of 1.23. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.35 and a quick ratio of 0.97. Caterpillar Inc. has a one year low of $90.34 and a one year high of $173.24.
Caterpillar (NYSE:CAT) last released its quarterly earnings data on Thursday, January 25th. The industrial products company reported $2.16 earnings per share for the quarter, beating the consensus estimate of $1.77 by $0.39. The company had revenue of $12.90 billion during the quarter, compared to analyst estimates of $12.01 billion. Caterpillar had a net margin of 1.66% and a return on equity of 28.69%. Caterpillar’s revenue for the quarter was up 34.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.83 EPS. analysts expect that Caterpillar Inc. will post 9.1 earnings per share for the current fiscal year.
In other Caterpillar news, insider Thomas A. Pellette sold 95,199 shares of the business’s stock in a transaction on Wednesday, January 31st. The shares were 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 in the company, valued at approximately $15,700,348.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Suzette M. Long sold 528 shares of the business’s stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $160.46, for a total transaction of $84,722.88. Following the sale, the general counsel now owns 19,646 shares of the company’s stock, valued at approximately $3,152,397.16. The disclosure for this sale can be found here. Insiders own 0.14% of the company’s stock.
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Caterpillar Company Profile
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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