Clark Capital Management Group Inc. boosted its stake in Caterpillar Inc. (NYSE:CAT) by 22.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 257,465 shares of the industrial products company’s stock after purchasing an additional 47,679 shares during the period. Caterpillar makes up approximately 1.2% of Clark Capital Management Group Inc.’s holdings, making the stock its 24th largest position. Clark Capital Management Group Inc.’s holdings in Caterpillar were worth $40,571,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Swiss National Bank grew its position in Caterpillar by 0.4% in the 4th quarter. Swiss National Bank now owns 2,179,616 shares of the industrial products company’s stock worth $343,464,000 after purchasing an additional 7,900 shares during the period. Schroder Investment Management Group boosted its stake in shares of Caterpillar by 7.6% during the 4th quarter. Schroder Investment Management Group now owns 770,480 shares of the industrial products company’s stock worth $121,411,000 after acquiring an additional 54,661 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Caterpillar by 9.8% during the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 48,071 shares of the industrial products company’s stock worth $5,995,000 after acquiring an additional 4,291 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of Caterpillar by 18.5% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 152,100 shares of the industrial products company’s stock worth $18,979,000 after acquiring an additional 23,749 shares during the last quarter. Finally, KHP Capital LLC purchased a new position in shares of Caterpillar during the 4th quarter worth $867,000. 69.28% of the stock is owned by institutional investors and hedge funds.
CAT has been the topic of several analyst reports. Vetr upgraded shares of Caterpillar from a “buy” rating to a “strong-buy” rating and set a $170.44 price target on the stock in a research note on Monday, February 5th. Credit Suisse Group lifted their price target on shares of Caterpillar from $155.00 to $192.00 and gave the stock an “outperform” rating in a research note on Friday, January 19th. Citigroup lifted their price target on shares of Caterpillar from $145.00 to $160.00 and gave the stock a “neutral” rating in a research note on Thursday, December 21st. JPMorgan Chase & Co. upgraded shares of Caterpillar from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $161.96 to $200.00 in a research note on Monday, January 8th. Finally, Wells Fargo & Co lifted their price target on shares of Caterpillar from $160.00 to $200.00 and gave the stock an “outperform” rating in a research note on Thursday, January 18th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $170.91.
Shares of Caterpillar Inc. (NYSE:CAT) traded down $0.81 during mid-day trading on Wednesday, reaching $153.69. 4,816,775 shares of the company’s stock traded hands, compared to its average volume of 6,378,380. The stock has a market cap of $91,970.00, a PE ratio of 29.39, a P/E/G ratio of 1.41 and a beta of 1.23. Caterpillar Inc. has a 1-year low of $90.34 and a 1-year high of $173.24. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.97 and a current ratio of 1.35.
Caterpillar (NYSE:CAT) last announced its quarterly earnings results on Thursday, January 25th. The industrial products company reported $2.16 EPS for the quarter, topping the consensus estimate of $1.77 by $0.39. The business had revenue of $12.90 billion for the quarter, compared to analysts’ expectations of $12.01 billion. Caterpillar had a net margin of 1.66% and a return on equity of 28.69%. The business’s quarterly revenue was up 34.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.83 EPS. research analysts forecast that Caterpillar Inc. will post 9.1 EPS for the current fiscal year.
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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.
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