Northwestern Mutual Wealth Management Co. lifted its stake in Caterpillar Inc. (NYSE:CAT) by 13.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 76,672 shares of the industrial products company’s stock after acquiring an additional 9,014 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Caterpillar were worth $8,898,000 at the end of the most recent reporting period.
Other institutional investors also recently made changes to their positions in the company. Shine Investment Advisory Services Inc. grew its stake in shares of Caterpillar by 143.1% in the fourth quarter. Shine Investment Advisory Services Inc. now owns 175 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 103 shares during the last quarter. Capital Analysts LLC lifted its position in Caterpillar by 108.2% in the first quarter. Capital Analysts LLC now owns 229 shares of the industrial products company’s stock worth $27,000 after purchasing an additional 119 shares during the period. Private Ocean LLC lifted its position in Caterpillar by 62.9% in the first quarter. Private Ocean LLC now owns 259 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 100 shares during the period. Engrave Wealth Partners LLC bought a new position in Caterpillar in the fourth quarter worth $32,000. Finally, Central Bank & Trust Co. bought a new position in Caterpillar in the first quarter worth $33,000. Institutional investors and hedge funds own 64.31% of the company’s stock.
Several research analysts recently commented on the company. Citigroup reduced their target price on Caterpillar from $130.00 to $125.00 and set a “buy” rating for the company in a research report on Tuesday, March 31st. Zacks Investment Research cut Caterpillar from a “hold” rating to a “sell” rating and set a $106.00 price objective for the company. in a report on Wednesday, March 18th. Robert W. Baird cut their price objective on Caterpillar from $185.00 to $157.00 and set an “outperform” rating for the company in a report on Friday, March 13th. Wells Fargo & Co cut their price objective on Caterpillar from $150.00 to $120.00 and set an “equal weight” rating for the company in a report on Tuesday, March 17th. Finally, Goldman Sachs Group set a $144.00 price objective on Caterpillar and gave the company a “buy” rating in a report on Tuesday, April 28th. Seven analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company. Caterpillar presently has an average rating of “Hold” and a consensus target price of $127.63.
Shares of CAT stock opened at $112.47 on Friday. The stock has a 50-day moving average price of $114.00 and a 200 day moving average price of $130.00. The company has a quick ratio of 0.97, a current ratio of 1.42 and a debt-to-equity ratio of 1.71. The firm has a market cap of $61.73 billion, a price-to-earnings ratio of 11.91, a PEG ratio of 1.90 and a beta of 1.10. Caterpillar Inc. has a 12 month low of $87.50 and a 12 month high of $150.55.
Caterpillar (NYSE:CAT) last announced its quarterly earnings data on Tuesday, April 28th. The industrial products company reported $1.60 EPS for the quarter, missing the Zacks’ consensus estimate of $1.69 by ($0.09). The firm had revenue of $10.64 billion during the quarter, compared to analyst estimates of $10.98 billion. Caterpillar had a return on equity of 37.15% and a net margin of 10.41%. Caterpillar’s revenue for the quarter was down 21.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.94 earnings per share. Sell-side analysts predict that Caterpillar Inc. will post 4.99 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 20th. Investors of record on Monday, April 20th were given a $1.03 dividend. The ex-dividend date was Friday, April 17th. This represents a $4.12 dividend on an annualized basis and a yield of 3.66%. Caterpillar’s payout ratio is 37.25%.
Caterpillar, Inc engages in the manufacture of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. It operates through the following segments: Construction Industries, Resource Industries, Energy and Transportation, Financial Products, and All Other.
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