LeJeune Puetz Investment Counsel LLC boosted its holdings in Caterpillar Inc. (NYSE:CAT) by 5.5% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,174 shares of the industrial products company’s stock after acquiring an additional 900 shares during the quarter. Caterpillar accounts for about 1.4% of LeJeune Puetz Investment Counsel LLC’s investment portfolio, making the stock its 23rd largest position. LeJeune Puetz Investment Counsel LLC’s holdings in Caterpillar were worth $2,182,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in CAT. Hayden Royal LLC bought a new position in shares of Caterpillar during the 4th quarter valued at about $1,535,000. Dynamic Advisor Solutions LLC increased its position in shares of Caterpillar by 21.6% during the 4th quarter. Dynamic Advisor Solutions LLC now owns 1,883 shares of the industrial products company’s stock valued at $258,000 after purchasing an additional 335 shares during the last quarter. Crescent Grove Advisors LLC increased its position in shares of Caterpillar by 30.2% during the 4th quarter. Crescent Grove Advisors LLC now owns 2,258 shares of the industrial products company’s stock valued at $287,000 after purchasing an additional 524 shares during the last quarter. Advisor Partners LLC increased its position in shares of Caterpillar by 20.6% during the 4th quarter. Advisor Partners LLC now owns 20,288 shares of the industrial products company’s stock valued at $2,578,000 after purchasing an additional 3,460 shares during the last quarter. Finally, D.A. Davidson & CO. increased its position in shares of Caterpillar by 5.7% during the 4th quarter. D.A. Davidson & CO. now owns 44,968 shares of the industrial products company’s stock valued at $5,714,000 after purchasing an additional 2,413 shares during the last quarter. Institutional investors and hedge funds own 67.32% of the company’s stock.
NYSE CAT opened at $130.88 on Tuesday. Caterpillar Inc. has a fifty-two week low of $112.06 and a fifty-two week high of $164.60. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.37 and a quick ratio of 0.96. The company has a market capitalization of $77.23 billion, a price-to-earnings ratio of 11.66, a price-to-earnings-growth ratio of 0.59 and a beta of 1.46.
Caterpillar (NYSE:CAT) last released its quarterly earnings data on Monday, January 28th. The industrial products company reported $2.55 earnings per share for the quarter, missing the consensus estimate of $2.98 by ($0.43). Caterpillar had a return on equity of 45.31% and a net margin of 11.23%. The business had revenue of $14.34 billion during the quarter, compared to analysts’ expectations of $14.36 billion. During the same quarter last year, the business posted $2.16 EPS. The company’s quarterly revenue was up 11.2% compared to the same quarter last year. As a group, research analysts expect that Caterpillar Inc. will post 12.24 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 20th. Shareholders of record on Tuesday, January 22nd will be issued a $0.86 dividend. This represents a $3.44 annualized dividend and a yield of 2.63%. The ex-dividend date is Friday, January 18th. Caterpillar’s dividend payout ratio (DPR) is currently 30.66%.
Several brokerages recently weighed in on CAT. Bank of America upgraded Caterpillar from a “neutral” rating to a “buy” rating and increased their target price for the company from $140.00 to $163.00 in a report on Monday, December 3rd. Robert W. Baird set a $161.00 target price on Caterpillar and gave the company a “buy” rating in a report on Tuesday, January 29th. Credit Suisse Group dropped their target price on Caterpillar from $210.00 to $183.00 and set an “outperform” rating for the company in a report on Wednesday, October 24th. Wells Fargo & Co set a $145.00 target price on Caterpillar and gave the company a “buy” rating in a report on Wednesday, October 24th. Finally, Citigroup dropped their target price on Caterpillar from $175.00 to $160.00 and set a “buy” rating for the company in a report on Wednesday, October 24th. Two 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 company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $151.50.
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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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