Caterpillar Inc. (CAT) Shares Bought by Sigma Investment Counselors Inc.
Sigma Investment Counselors Inc. boosted its holdings in Caterpillar Inc. (NYSE:CAT) by 2.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,528 shares of the industrial products company’s stock after purchasing an additional 597 shares during the quarter. Sigma Investment Counselors Inc.’s holdings in Caterpillar were worth $3,371,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Roundview Capital LLC raised its stake in shares of Caterpillar by 3.3% during the third quarter. Roundview Capital LLC now owns 12,175 shares of the industrial products company’s stock worth $1,857,000 after purchasing an additional 390 shares during the last quarter. Kanawha Capital Management LLC raised its stake in shares of Caterpillar by 6.2% during the fourth quarter. Kanawha Capital Management LLC now owns 29,053 shares of the industrial products company’s stock worth $3,692,000 after purchasing an additional 1,697 shares during the last quarter. Artemis Investment Management LLP raised its stake in shares of Caterpillar by 12.8% during the third quarter. Artemis Investment Management LLP now owns 154,300 shares of the industrial products company’s stock worth $23,532,000 after purchasing an additional 17,500 shares during the last quarter. Westside Investment Management Inc. grew its holdings in Caterpillar by 142.0% during the third quarter. Westside Investment Management Inc. now owns 1,278 shares of the industrial products company’s stock worth $195,000 after acquiring an additional 750 shares during the period. Finally, Kiley Juergens Wealth Management LLC grew its holdings in Caterpillar by 51.7% during the fourth quarter. Kiley Juergens Wealth Management LLC now owns 11,979 shares of the industrial products company’s stock worth $1,522,000 after acquiring an additional 4,084 shares during the period. 68.90% of the stock is owned by hedge funds and other institutional investors.
A number of research analysts recently weighed in on the company. Zacks Investment Research raised Caterpillar from a “hold” rating to a “buy” rating and set a $148.00 price objective on the stock in a report on Thursday, January 24th. ValuEngine lowered Caterpillar from a “hold” rating to a “sell” rating in a report on Tuesday, January 29th. Morgan Stanley set a $160.00 price objective on Caterpillar and gave the stock a “buy” rating in a report on Tuesday, January 29th. UBS Group set a $154.00 price objective on Caterpillar and gave the stock a “buy” rating in a report on Tuesday, January 29th. Finally, Credit Suisse Group dropped their price objective on Caterpillar from $210.00 to $183.00 and set an “outperform” rating on the stock in a report on Wednesday, October 24th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. Caterpillar currently has a consensus rating of “Buy” and an average price target of $151.50.
Caterpillar (NYSE:CAT) last posted its quarterly earnings data on Monday, January 28th. The industrial products company reported $2.55 EPS for the quarter, missing analysts’ consensus estimates of $2.98 by ($0.43). Caterpillar had a net margin of 11.23% and a return on equity of 45.31%. The company had revenue of $14.34 billion for the quarter, compared to analyst estimates of $14.36 billion. During the same period in the previous year, the business earned $2.16 EPS. The firm’s revenue was up 11.2% on a year-over-year basis. Equities analysts predict that Caterpillar Inc. will post 12.24 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 20th. Investors of record on Tuesday, January 22nd will be paid a $0.86 dividend. This represents a $3.44 annualized dividend and a yield of 2.67%. The ex-dividend date of this dividend is Friday, January 18th. Caterpillar’s payout ratio is 30.66%.
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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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