Cedar Brook Financial Partners LLC cut its holdings in Caterpillar Inc. (NYSE:CAT) by 26.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,650 shares of the industrial products company’s stock after selling 605 shares during the period. Cedar Brook Financial Partners LLC’s holdings in Caterpillar were worth $244,000 at the end of the most recent reporting period.
A number of other institutional investors have also bought and sold shares of CAT. Patten & Patten Inc. TN lifted its stake in Caterpillar by 11.6% in the third quarter. Patten & Patten Inc. TN now owns 2,170 shares of the industrial products company’s stock worth $274,000 after purchasing an additional 225 shares during the last quarter. First Command Financial Services Inc. increased its position in shares of Caterpillar by 2.9% in the third quarter. First Command Financial Services Inc. now owns 2,815 shares of the industrial products company’s stock valued at $356,000 after acquiring an additional 80 shares during the period. CIBC Private Wealth Group LLC increased its position in shares of Caterpillar by 1.6% in the third quarter. CIBC Private Wealth Group LLC now owns 35,795 shares of the industrial products company’s stock valued at $4,521,000 after acquiring an additional 570 shares during the period. Mainstay Capital Management LLC ADV purchased a new position in shares of Caterpillar in the third quarter valued at about $1,456,000. Finally, Wealthcare Advisory Partners LLC increased its position in shares of Caterpillar by 1.9% in the third quarter. Wealthcare Advisory Partners LLC now owns 6,813 shares of the industrial products company’s stock valued at $861,000 after acquiring an additional 124 shares during the period. 64.93% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE CAT opened at $139.72 on Friday. Caterpillar Inc. has a 1 year low of $111.75 and a 1 year high of $150.55. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.47 and a quick ratio of 1.05. The company’s 50-day moving average is $142.47 and its 200 day moving average is $134.86. The stock has a market capitalization of $74.23 billion, a P/E ratio of 13.05, a P/E/G ratio of 1.64 and a beta of 1.50.
Caterpillar (NYSE:CAT) last announced its quarterly earnings results on Friday, January 31st. The industrial products company reported $2.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.37 by $0.26. Caterpillar had a net margin of 11.32% and a return on equity of 41.85%. The company had revenue of $13.14 billion for the quarter, compared to analysts’ expectations of $13.42 billion. During the same quarter in the previous year, the company earned $2.55 earnings per share. Caterpillar’s quarterly revenue was down 8.4% on a year-over-year basis. Research analysts anticipate that Caterpillar Inc. will post 9.34 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Tuesday, January 21st will be given a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a dividend yield of 2.95%. The ex-dividend date of this dividend is Friday, January 17th. Caterpillar’s dividend payout ratio is currently 37.25%.
CAT has been the topic of a number of analyst reports. UBS Group decreased their price objective on shares of Caterpillar to $110.00 and set a “sell” rating on the stock in a research report on Thursday, October 24th. Deutsche Bank boosted their price objective on shares of Caterpillar from $123.00 to $147.00 and gave the company a “hold” rating in a research report on Wednesday, December 18th. Royal Bank of Canada decreased their price objective on shares of Caterpillar from $152.00 to $145.00 and set a “positive” rating on the stock in a research report on Monday, February 3rd. Daiwa Capital Markets upgraded shares of Caterpillar from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $143.00 to $165.00 in a research report on Tuesday, January 21st. Finally, Standpoint Research cut shares of Caterpillar from a “buy” rating to a “hold” rating in a research report on Thursday, December 12th. Five equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $145.47.
Caterpillar, Inc engages in the manufacture of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. It operates through the following segments: Construction Industries, Resource Industries, Energy and Transportation, Financial Products, and All Other.
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