Chilton Capital Management LLC Sells 3,592 Shares of Caterpillar Inc. (CAT)

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.

ILLEGAL ACTIVITY WARNING: This news story was originally posted by American Banking News and is owned by of American Banking News. If you are viewing this news story on another website, it was illegally stolen and republished in violation of US & international copyright & trademark legislation. The original version of this news story can be viewed at https://www.americanbankingnews.com/2019/03/17/chilton-capital-management-llc-sells-3592-shares-of-caterpillar-inc-cat.html.

Caterpillar 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.

Featured Article: Price to Earnings Ratio (PE) Basics

Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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.



Leave a Reply