Litman Gregory Asset Management LLC Acquires New Stake in Caterpillar Inc. (CAT)

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Litman Gregory Asset Management LLC bought a new position in Caterpillar Inc. (NYSE:CAT) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 600 shares of the industrial products company’s stock, valued at approximately $76,000.

Other hedge funds also recently bought and sold shares of the company. Sumitomo Mitsui Asset Management Company LTD lifted its holdings in shares of Caterpillar by 2.8% in the third quarter. Sumitomo Mitsui Asset Management Company LTD now owns 69,186 shares of the industrial products company’s stock worth $10,550,000 after acquiring an additional 1,894 shares during the last quarter. New Jersey Better Educational Savings Trust increased its stake in shares of Caterpillar by 33.3% in the third quarter. New Jersey Better Educational Savings Trust now owns 4,000 shares of the industrial products company’s stock valued at $610,000 after buying an additional 1,000 shares during the period. Callahan Advisors LLC increased its stake in shares of Caterpillar by 55.5% in the third quarter. Callahan Advisors LLC now owns 26,294 shares of the industrial products company’s stock valued at $4,010,000 after buying an additional 9,390 shares during the period. Patriot Wealth Management Inc. increased its stake in shares of Caterpillar by 2.3% in the third quarter. Patriot Wealth Management Inc. now owns 52,692 shares of the industrial products company’s stock valued at $8,035,000 after buying an additional 1,161 shares during the period. Finally, First Hawaiian Bank acquired a new position in shares of Caterpillar in the third quarter valued at approximately $1,205,000. 68.90% of the stock is owned by hedge funds and other institutional investors.

Several research firms have recently issued reports on CAT. Robert W. Baird set a $171.00 price objective on Caterpillar and gave the company a “buy” rating in a research note on Wednesday, October 24th. Deutsche Bank set a $177.00 price objective on Caterpillar and gave the company a “buy” rating in a research note on Wednesday, October 24th. DZ Bank raised Caterpillar to a “hold” rating and lowered their price objective for the company from $127.00 to $119.00 in a research note on Wednesday, October 24th. JPMorgan Chase & Co. set a $188.00 target price on shares of Caterpillar and gave the company a “buy” rating in a research report on Tuesday, October 23rd. Finally, Barclays reissued a “hold” rating on shares of Caterpillar in a research report on Wednesday, October 24th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $151.50.

NYSE CAT opened at $128.93 on Tuesday. The firm has a market cap of $76.56 billion, a PE ratio of 11.49, a price-to-earnings-growth ratio of 0.58 and a beta of 1.46. Caterpillar Inc. has a one year low of $112.06 and a one year high of $164.60. The company has a current ratio of 1.37, a quick ratio of 0.96 and a debt-to-equity ratio of 1.78.

Caterpillar (NYSE:CAT) last released its earnings results on Monday, January 28th. The industrial products company reported $2.55 EPS for the quarter, missing the Zacks’ consensus estimate of $2.98 by ($0.43). Caterpillar had a return on equity of 45.31% and a net margin of 11.23%. The business had revenue of $14.34 billion for the quarter, compared to the consensus estimate of $14.36 billion. During the same quarter in the previous year, the firm earned $2.16 earnings per share. The company’s revenue for the quarter was up 11.2% on a year-over-year basis. As a group, sell-side analysts forecast that Caterpillar Inc. will post 12.24 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 20th. Investors of record on Tuesday, January 22nd will be issued a $0.86 dividend. This represents a $3.44 annualized dividend and a yield of 2.67%. The ex-dividend date of this dividend is Friday, January 18th. Caterpillar’s dividend payout ratio (DPR) is currently 30.66%.

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Caterpillar Profile

Caterpillar Inc manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives for construction, resource, and energy and transportation industries. Its Construction Industries segment offers asphalt pavers, backhoe loaders, compactors, cold planers, compact truck and multi-terrain loaders, forestry excavators, feller bunchers, harvesters, knuckleboom loaders, motorgraders, pipelayers, road reclaimers, site prep tractors, skidders, skid steer loaders, telehandlers, track-type loaders, wheel excavators, and track-type tractors.

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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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