Wealthstreet Investment Advisors LLC Has $6.54 Million Holdings in Caterpillar Inc. (CAT)

Posted on


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.

Also Read :   Watch the Private Life of a Cat / Boing Boing

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%.

Also Read :   Black Cat Syndicate Ltd begins drilling aiming to extend strike at Bulong Gold Project

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.

ILLEGAL ACTIVITY WARNING: This piece of content was first published by Fairfield Current and is the property of of Fairfield Current. If you are viewing this piece of content on another site, it was copied illegally and reposted in violation of US and international copyright laws. The legal version of this piece of content can be read at https://www.fairfieldcurrent.com/news/2019/02/03/wealthstreet-investment-advisors-llc-has-6-54-million-holdings-in-caterpillar-inc-cat.html.

Caterpillar Profile

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.

Also Read :   Dog training business offers private drug detection

Read More: Bull Market

Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

Receive News & Ratings for Caterpillar Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Caterpillar and related companies with MarketBeat.com’s FREE daily email newsletter.



Source link