Allen Capital Group LLC purchased a new stake in Caterpillar Inc. (NYSE:CAT) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 2,330 shares of the industrial products company’s stock, valued at approximately $367,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Quadrant Capital Group LLC increased its holdings in Caterpillar by 10.6% in the 2nd quarter. Quadrant Capital Group LLC now owns 1,339 shares of the industrial products company’s stock valued at $102,000 after purchasing an additional 128 shares in the last quarter. Gradient Investments LLC acquired a new stake in Caterpillar in the 4th quarter valued at $113,000. Harvest Fund Management Co. Ltd purchased a new position in Caterpillar in the 4th quarter valued at about $131,000. Massey Quick Simon & CO. LLC boosted its position in Caterpillar by 4,240.7% in the 3rd quarter. Massey Quick Simon & CO. LLC now owns 1,172 shares of the industrial products company’s stock valued at $146,000 after buying an additional 1,145 shares during the last quarter. Finally, Sandy Spring Bank boosted its position in Caterpillar by 61.9% in 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 during the last quarter. Hedge funds and other institutional investors own 68.70% of the company’s stock.
A number of research firms have weighed in on CAT. Barclays began coverage on shares of Caterpillar in a research report on Tuesday, December 12th. They issued an “overweight” rating and a $162.00 price objective for the company. ValuEngine raised shares of Caterpillar from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Citigroup reissued a “neutral” rating and issued a $185.00 price objective (up from $160.00) on shares of Caterpillar in a research report on Friday, January 19th. UBS Group upped their price objective on shares of Caterpillar from $180.00 to $190.00 and gave the company a “buy” rating in a research report on Friday, January 26th. Finally, Argus upped their price objective on shares of Caterpillar from $155.00 to $185.00 and gave the company a “hold” rating in a research report on Thursday, February 1st. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and sixteen have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $167.60.
Caterpillar Inc. (CAT) opened at $162.41 on Monday. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.97 and a current ratio of 1.35. Caterpillar Inc. has a 12-month low of $90.34 and a 12-month high of $173.24. The company has a market cap of $96,620.00, a PE ratio of 31.05, a PEG ratio of 1.74 and a beta of 1.22.
Caterpillar (NYSE:CAT) last issued its quarterly 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 business had revenue of $12.90 billion for the quarter, compared to analysts’ expectations of $12.01 billion. Caterpillar had a net margin of 1.66% and a return on equity of 28.69%. The company’s quarterly revenue was up 34.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.83 earnings per share. research analysts forecast that Caterpillar Inc. will post 9.05 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 20th. Investors of record on Monday, January 22nd were paid a dividend of $0.78 per share. The ex-dividend date of this dividend was Friday, January 19th. This represents a $3.12 annualized dividend and a yield of 1.92%. Caterpillar’s dividend payout ratio (DPR) is 59.66%.
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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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