Ladenburg Thalmann Financial Services Inc. grew its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 8.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 164,519 shares of the industrial products company’s stock after acquiring an additional 12,419 shares during the period. Ladenburg Thalmann Financial Services Inc.’s holdings in Caterpillar were worth $25,925,000 as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in CAT. Toronto Dominion Bank increased its position in shares of Caterpillar by 25.7% during the second quarter. Toronto Dominion Bank now owns 201,949 shares of the industrial products company’s stock worth $21,697,000 after buying an additional 41,299 shares during the period. WFG Advisors LP increased its position in shares of Caterpillar by 0.4% during the second quarter. WFG Advisors LP now owns 8,538 shares of the industrial products company’s stock worth $917,000 after buying an additional 33 shares during the period. Atlantic Trust LLC increased its position in shares of Caterpillar by 16.1% during the second quarter. Atlantic Trust LLC now owns 12,090 shares of the industrial products company’s stock worth $1,128,000 after buying an additional 1,680 shares during the period. USA Financial Portformulas Corp acquired a new stake in shares of Caterpillar during the second quarter worth $3,502,000. Finally, Aldebaran Financial Inc. acquired a new stake in shares of Caterpillar during the second quarter worth $484,000. 69.28% of the stock is owned by hedge funds and other institutional investors.
Caterpillar Inc. (CAT) opened at $153.69 on Wednesday. The stock has a market cap of $92,333.19, a PE ratio of 121.98, a PEG ratio of 1.41 and a beta of 1.23. Caterpillar Inc. has a twelve month low of $90.34 and a twelve month high of $173.24. The company has a current ratio of 1.35, a quick ratio of 0.97 and a debt-to-equity ratio of 1.73.
In related news, insider Thomas A. Pellette sold 95,199 shares of the firm’s stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $163.09, for a total transaction of $15,526,004.91. Following the transaction, the insider now directly owns 96,268 shares of the company’s stock, valued at $15,700,348.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Suzette M. Long sold 528 shares of the firm’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $160.46, for a total transaction of $84,722.88. Following the transaction, the general counsel now directly owns 19,646 shares in the company, valued at $3,152,397.16. The disclosure for this sale can be found here. 0.14% of the stock is owned by company insiders.
Several equities research analysts have recently weighed in on the stock. Credit Suisse Group reiterated a “buy” rating and set a $210.00 price objective on shares of Caterpillar in a research report on Wednesday. ValuEngine cut shares of Caterpillar from a “buy” rating to a “hold” rating in a report on Wednesday, March 7th. Morgan Stanley initiated coverage on shares of Caterpillar in a report on Friday, March 2nd. They issued an “overweight” rating and a $185.00 price target for the company. Vetr upgraded shares of Caterpillar from a “buy” rating to a “strong-buy” rating and set a $180.95 price target for the company in a report on Thursday, March 1st. Finally, UBS Group set a $190.00 price target on shares of Caterpillar and gave the stock a “buy” rating in a report on Thursday, February 15th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $170.91.
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.
Receive News & Ratings for Caterpillar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Caterpillar and related companies with MarketBeat.com's FREE daily email newsletter.