Caterpillar Inc. (CAT) Position Raised by Weatherly Asset Management L. P.

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Weatherly Asset Management L. P. boosted its position in Caterpillar Inc. (NYSE:CAT) by 1.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,745 shares of the industrial products company’s stock after purchasing an additional 122 shares during the period. Weatherly Asset Management L. P.’s holdings in Caterpillar were worth $1,492,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in CAT. Loeb Partners Corp purchased a new position in Caterpillar in the fourth quarter valued at about $25,000. Bartlett & Co. LLC increased its holdings in Caterpillar by 150.0% in the fourth quarter. Bartlett & Co. LLC now owns 250 shares of the industrial products company’s stock valued at $32,000 after buying an additional 150 shares in the last quarter. Essex Investment Management Co. LLC purchased a new position in Caterpillar in the fourth quarter valued at about $55,000. Legacy Financial Advisors Inc. increased its holdings in Caterpillar by 145.4% in the fourth quarter. Legacy Financial Advisors Inc. now owns 481 shares of the industrial products company’s stock valued at $61,000 after buying an additional 285 shares in the last quarter. Finally, Laurel Wealth Advisors LLC purchased a new position in Caterpillar in the fourth quarter valued at about $69,000. Hedge funds and other institutional investors own 66.16% of the company’s stock.

A number of research analysts have recently weighed in on CAT shares. Bank of America raised their price objective on shares of Caterpillar from $140.00 to $163.00 and gave the stock a “buy” rating in a research note on Sunday, December 9th. Standpoint Research raised shares of Caterpillar from a “sell” rating to an “accumulate” rating and set a $117.85 price objective for the company in a research note on Wednesday, December 26th. UBS Group set a $154.00 price objective on shares of Caterpillar and gave the stock a “buy” rating in a research note on Tuesday, January 29th. OTR Global cut shares of Caterpillar to a “positive” rating in a research note on Friday, February 15th. Finally, Credit Suisse Group dropped their price objective on shares of Caterpillar from $183.00 to $173.00 and set an “outperform” rating for the company in a research note on Friday, January 18th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $150.24.

CAT stock traded down $0.60 during midday trading on Friday, hitting $133.09. The stock had a trading volume of 44,226 shares, compared to its average volume of 4,751,936. The stock has a market capitalization of $76.94 billion, a P/E ratio of 11.87, a PEG ratio of 0.59 and a beta of 1.47. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.96 and a current ratio of 1.37. Caterpillar Inc. has a 12-month low of $112.06 and a 12-month high of $161.60.

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 Thomson Reuters’ consensus estimate of $2.98 by ($0.43). The firm had revenue of $14.34 billion during the quarter, compared to analysts’ expectations of $14.36 billion. Caterpillar had a return on equity of 45.31% and a net margin of 11.23%. The firm’s revenue was up 11.2% on a year-over-year basis. During the same period in the previous year, the firm posted $2.16 earnings per share. Research analysts forecast that Caterpillar Inc. will post 12.24 earnings per share for the current fiscal year.

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Caterpillar Company 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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