Chilton Capital Management LLC reduced its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 3.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 88,039 shares of the industrial products company’s stock after selling 3,592 shares during the period. Chilton Capital Management LLC’s holdings in Caterpillar were worth $11,187,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Loeb Partners Corp acquired a new stake in Caterpillar during the 4th quarter worth $25,000. Bartlett & Co. LLC increased its holdings in shares of Caterpillar by 150.0% in the 4th quarter. Bartlett & Co. LLC now owns 250 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 150 shares in the last quarter. Essex Investment Management Co. LLC purchased a new position in shares of Caterpillar in the 4th quarter valued at about $55,000. Legacy Financial Advisors Inc. increased its holdings in shares of Caterpillar by 145.4% in the 4th quarter. Legacy Financial Advisors Inc. now owns 481 shares of the industrial products company’s stock valued at $61,000 after purchasing an additional 285 shares in the last quarter. Finally, Meeder Asset Management Inc. purchased a new position in shares of Caterpillar in the 4th quarter valued at about $69,000. 66.16% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts have recently issued reports on CAT shares. Bank of America upgraded shares of Caterpillar from a “neutral” rating to a “buy” rating and increased their price target for the company from $140.00 to $163.00 in a report on Monday, December 3rd. Robert W. Baird set a $171.00 price target on shares of Caterpillar and gave the company a “buy” rating in a report on Monday, December 3rd. Standpoint Research upgraded shares of Caterpillar from a “sell” rating to an “accumulate” rating and set a $117.85 price target for the company in a report on Wednesday, December 26th. Zacks Investment Research downgraded shares of Caterpillar from a “hold” rating to a “sell” rating in a report on Monday, December 31st. Finally, ValuEngine upgraded shares of Caterpillar from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $150.24.
NYSE:CAT opened at $132.67 on Friday. The company has a quick ratio of 0.96, a current ratio of 1.37 and a debt-to-equity ratio of 1.78. Caterpillar Inc. has a twelve month low of $112.06 and a twelve month high of $161.60. The stock has a market cap of $76.36 billion, a price-to-earnings ratio of 11.82, a price-to-earnings-growth ratio of 0.59 and a beta of 1.47.
Caterpillar (NYSE:CAT) last posted its earnings results on Monday, January 28th. The industrial products company reported $2.55 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.98 by ($0.43). Caterpillar had a net margin of 11.23% and a return on equity of 45.31%. The business had revenue of $14.34 billion for the quarter, compared to analysts’ expectations of $14.36 billion. During the same quarter last year, the business posted $2.16 earnings per share. The business’s revenue was up 11.2% compared to the same quarter last year. On average, research analysts forecast that Caterpillar Inc. will post 12.24 EPS for the current year.
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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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