Wealthstreet Investment Advisors LLC raised its stake in shares of Caterpillar Inc. (NYSE:CAT) by 29.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 52,565 shares of the industrial products company’s stock after acquiring an additional 11,805 shares during the period. Caterpillar makes up 0.9% of Wealthstreet Investment Advisors LLC’s investment portfolio, making the stock its 27th biggest holding. Wealthstreet Investment Advisors LLC’s holdings in Caterpillar were worth $6,537,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Dorsey & Whitney Trust CO LLC increased its position in Caterpillar by 1.4% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 7,174 shares of the industrial products company’s stock worth $912,000 after purchasing an additional 98 shares during the period. Cornerstone Advisors Inc. increased its position in Caterpillar by 6.1% during the 4th quarter. Cornerstone Advisors Inc. now owns 1,760 shares of the industrial products company’s stock worth $224,000 after purchasing an additional 101 shares during the period. Physicians Financial Services Inc. increased its position in Caterpillar by 0.7% during the 4th quarter. Physicians Financial Services Inc. now owns 15,960 shares of the industrial products company’s stock worth $2,028,000 after purchasing an additional 104 shares during the period. North Star Investment Management Corp. increased its position in Caterpillar by 1.1% during the 4th quarter. North Star Investment Management Corp. now owns 9,649 shares of the industrial products company’s stock worth $1,226,000 after purchasing an additional 105 shares during the period. Finally, Merriman Wealth Management LLC increased its position in Caterpillar by 4.7% during the 4th quarter. Merriman Wealth Management LLC now owns 2,790 shares of the industrial products company’s stock worth $358,000 after purchasing an additional 125 shares during the period. 66.74% of the stock is owned by hedge funds and other institutional investors.
CAT stock opened at $130.91 on Friday. Caterpillar Inc. has a 1 year low of $112.06 and a 1 year high of $164.60. The company has a debt-to-equity ratio of 1.78, a quick ratio of 1.02 and a current ratio of 1.37. The company has a market capitalization of $77.25 billion, a P/E ratio of 11.67, a P/E/G ratio of 0.59 and a beta of 1.46.
Caterpillar (NYSE:CAT) last posted its earnings results on Monday, January 28th. The industrial products company reported $2.55 earnings per share (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 during the quarter, compared to analysts’ expectations of $14.36 billion. During the same period in the previous year, the company posted $2.16 EPS. Caterpillar’s quarterly revenue was up 11.2% compared to the same quarter last year. Analysts expect that Caterpillar Inc. will post 12.24 earnings per share for the current year.
The business 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 dividend on an annualized basis and a yield of 2.63%. The ex-dividend date is Friday, January 18th. Caterpillar’s payout ratio is currently 30.66%.
A number of research firms recently weighed in on CAT. Zacks Investment Research cut Caterpillar from a “buy” rating to a “hold” rating in a report on Monday, October 8th. Macquarie restated a “sell” rating on shares of Caterpillar in a report on Thursday, October 11th. ValuEngine cut Caterpillar from a “hold” rating to a “sell” rating in a report on Thursday, October 18th. Cleveland Research restated a “hold” rating on shares of Caterpillar in a report on Friday, October 19th. Finally, Oppenheimer restated a “hold” rating on shares of Caterpillar in a report on Tuesday, October 23rd. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $152.59.
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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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