Beacon Investment Advisory Services Inc. cut its holdings in shares of Caterpillar Inc. (NYSE:CAT – Get Rating) by 4.5% in the 4th quarter, HoldingsChannel reports. The fund owned 17,386 shares of the industrial products company’s stock after selling 825 shares during the period. Beacon Investment Advisory Services Inc.’s holdings in Caterpillar were worth $3,594,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Systematic Alpha Investments LLC purchased a new position in Caterpillar during the third quarter worth about $32,000. Annapolis Financial Services LLC boosted its stake in Caterpillar by 67.9% in the third quarter. Annapolis Financial Services LLC now owns 183 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 74 shares during the last quarter. Strategic Asset Management LLC purchased a new position in Caterpillar in the third quarter valued at about $39,000. Destiny Wealth Partners LLC purchased a new position in Caterpillar in the third quarter valued at about $38,000. Finally, DB Fitzpatrick & Co Inc bought a new stake in shares of Caterpillar in the fourth quarter valued at approximately $42,000. 67.11% of the stock is owned by institutional investors.
Several research firms have recently issued reports on CAT. Wells Fargo & Company began coverage on shares of Caterpillar in a research report on Friday, March 11th. They issued an “equal weight” rating and a $231.00 price target on the stock. Tigress Financial upped their target price on shares of Caterpillar from $270.00 to $278.00 and gave the stock a “buy” rating in a report on Thursday, February 3rd. UBS Group upped their target price on shares of Caterpillar from $235.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, January 12th. Jefferies Financial Group raised shares of Caterpillar from a “hold” rating to a “buy” rating and upped their target price for the stock from $215.00 to $260.00 in a report on Tuesday, March 8th. Finally, StockNews.com initiated coverage on shares of Caterpillar in a report on Thursday, March 31st. They set a “hold” rating on the stock. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $242.67.
Shares of Caterpillar stock traded up $0.95 on Tuesday, hitting $230.87. 66,966 shares of the company traded hands, compared to its average volume of 3,868,795. The stock has a market capitalization of $123.72 billion, a P/E ratio of 19.53, a price-to-earnings-growth ratio of 1.54 and a beta of 0.96. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.99 and a current ratio of 1.46. Caterpillar Inc. has a 52 week low of $179.67 and a 52 week high of $246.69. The business has a 50-day simple moving average of $209.93 and a 200 day simple moving average of $206.97.
Caterpillar (NYSE:CAT – Get Rating) last released its quarterly earnings data on Friday, January 28th. The industrial products company reported $2.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.23 by $0.46. The firm had revenue of $13.80 billion for the quarter, compared to analysts’ expectations of $13.22 billion. Caterpillar had a net margin of 12.73% and a return on equity of 35.57%. The company’s revenue for the quarter was up 22.8% compared to the same quarter last year. During the same quarter last year, the business posted $2.12 earnings per share. Research analysts expect that Caterpillar Inc. will post 12.37 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, May 20th. Investors of record on Monday, April 25th will be given a $1.11 dividend. This represents a $4.44 annualized dividend and a yield of 1.92%. The ex-dividend date is Friday, April 22nd. Caterpillar’s dividend payout ratio is presently 37.50%.
About Caterpillar (Get Rating)
Caterpillar Inc manufactures and sells construction and mining equipment, diesel and natural gas engines, and industrial gas turbines worldwide. Its Construction Industries segment offers asphalt pavers, backhoe loaders, compactors, cold planers, compact track and multi-terrain loaders, excavators, motorgraders, pipelayers, road reclaimers, site prep tractors, skid steer loaders, telehandlers, and utility vehicles; mini, small, medium, and large excavators; compact, small, and medium wheel loaders; track-type tractors and loaders; and wheel excavators.
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