Millennium Management LLC Decreases Stake in Caterpillar Inc. (CAT)

Millennium Management LLC decreased its position in Caterpillar Inc. (NYSE:CAT) by 72.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 243,117 shares of the industrial products company’s stock after selling 627,690 shares during the quarter. Millennium Management LLC’s holdings in Caterpillar were worth $30,893,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of CAT. Vanguard Group Inc. boosted its stake in shares of Caterpillar by 1.1% in the third quarter. Vanguard Group Inc. now owns 49,811,616 shares of the industrial products company’s stock valued at $7,595,773,000 after buying an additional 534,451 shares during the period. Vanguard Group Inc increased its holdings in shares of Caterpillar by 1.1% during the third quarter. Vanguard Group Inc now owns 49,811,616 shares of the industrial products company’s stock worth $7,595,773,000 after buying an additional 534,451 shares in the last quarter. BlackRock Inc. increased its holdings in Caterpillar by 1.5% in the fourth quarter. BlackRock Inc. now owns 35,985,874 shares of the industrial products company’s stock valued at $4,572,725,000 after purchasing an additional 529,926 shares during the period. Oregon Public Employees Retirement Fund grew its holdings in Caterpillar by 6,835.4% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 9,054,500 shares of the industrial products company’s stock worth $71,000 after acquiring an additional 8,923,946 shares during the period. Finally, Northern Trust Corp grew its holdings in Caterpillar by 1.9% during the 4th quarter. Northern Trust Corp now owns 7,379,026 shares of the industrial products company’s stock worth $937,652,000 after acquiring an additional 134,479 shares during the period. 67.06% of the stock is currently owned by institutional investors.

Shares of NYSE:CAT opened at $140.25 on Tuesday. 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 one year low of $112.06 and a one year high of $161.60. The firm has a market capitalization of $80.72 billion, a price-to-earnings ratio of 12.50, a PEG ratio of 0.71 and a beta of 1.46.

Caterpillar (NYSE:CAT) last announced its quarterly earnings results on Monday, January 28th. The industrial products company reported $2.55 EPS 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 firm had revenue of $14.34 billion during the quarter, compared to the consensus estimate of $14.36 billion. During the same period in the previous year, the business earned $2.16 earnings per share. The firm’s revenue for the quarter was up 11.2% on a year-over-year basis. On average, equities analysts expect that Caterpillar Inc. will post 12.24 earnings per share for the current fiscal year.

A number of analysts have weighed in on CAT shares. Bank of America upgraded Caterpillar from a “neutral” rating to a “buy” rating and increased their price target for the stock from $140.00 to $163.00 in a report on Monday, December 3rd. Robert W. Baird set a $171.00 price target on Caterpillar and gave the stock a “buy” rating in a report on Monday, December 3rd. Standpoint Research upgraded 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 Caterpillar from a “hold” rating to a “sell” rating in a report on Monday, December 31st. Finally, ValuEngine upgraded 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 given a hold rating and fifteen have assigned a buy rating to the company. Caterpillar presently has a consensus rating of “Hold” and an average target price of $149.36.

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Caterpillar Profile

Caterpillar Inc manufactures and sells construction and mining equipment, diesel and natural gas engines, and industrial gas turbines. Its Construction Industries segment offers asphalt pavers, compactors, cold planers, feller bunchers, harvesters, motorgraders, pipelayers, road reclaimers, skidders, telehandlers, and utility vehicles; backhoe, knuckleboom, compact track, multi-terrain, skid steer, and track-type loaders; forestry and wheel excavators; and site prep and track-type tractors.

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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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