Coldstream Capital Management Inc. Raises Holdings in Caterpillar Inc. (NYSE:CAT)

by · The Cerbat Gem

Coldstream Capital Management Inc. grew its holdings in Caterpillar Inc. (NYSE:CAT – Free Report) by 3.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,766 shares of the industrial products company’s stock after purchasing an additional 404 shares during the period. Coldstream Capital Management Inc.’s holdings in Caterpillar were worth $3,212,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the company. Moneta Group Investment Advisors LLC lifted its position in Caterpillar by 130,632.5% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 9,784,017 shares of the industrial products company’s stock worth $2,343,859,000 after acquiring an additional 9,776,533 shares during the period. Bank Julius Baer & Co. Ltd Zurich grew its position in shares of Caterpillar by 98,763.3% in the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 8,679,209 shares of the industrial products company’s stock valued at $2,135,519,000 after purchasing an additional 8,670,430 shares during the period. Norges Bank purchased a new stake in shares of Caterpillar in the fourth quarter valued at $1,175,255,000. Ontario Teachers Pension Plan Board purchased a new stake in shares of Caterpillar in the first quarter valued at $433,134,000. Finally, Imprint Wealth LLC lifted its stake in shares of Caterpillar by 24,982.9% during the second quarter. Imprint Wealth LLC now owns 1,538,084 shares of the industrial products company’s stock worth $153,808,000 after purchasing an additional 1,531,952 shares in the last quarter. Institutional investors and hedge funds own 69.20% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on CAT shares. Tigress Financial upped their target price on Caterpillar from $282.00 to $295.00 and gave the company a “buy” rating in a report on Wednesday, November 8th. Stifel Nicolaus boosted their target price on shares of Caterpillar from $285.00 to $293.00 and gave the company a “buy” rating in a research note on Tuesday, December 19th. HSBC initiated coverage on shares of Caterpillar in a research note on Monday, November 20th. They issued a “hold” rating and a $250.00 price target on the stock. The Goldman Sachs Group lowered their target price on shares of Caterpillar from $315.00 to $274.00 and set a “buy” rating on the stock in a research report on Wednesday, November 1st. Finally, JPMorgan Chase & Co. upped their price target on shares of Caterpillar from $315.00 to $320.00 and gave the company an “overweight” rating in a report on Monday, October 16th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $269.79.

Check Out Our Latest Stock Report on CAT

Caterpillar Price Performance

Shares of NYSE:CAT opened at $285.28 on Friday. Caterpillar Inc. has a one year low of $204.04 and a one year high of $299.20. The firm has a market capitalization of $145.23 billion, a price-to-earnings ratio of 16.16, a PEG ratio of 1.07 and a beta of 1.13. The company’s fifty day moving average price is $272.69 and its 200-day moving average price is $267.97. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.45 and a quick ratio of 0.92.

Caterpillar (NYSE:CAT – Get Free Report) last posted its earnings results on Tuesday, October 31st. The industrial products company reported $5.52 EPS for the quarter, topping the consensus estimate of $4.75 by $0.77. The firm had revenue of $16.81 billion during the quarter, compared to analysts’ expectations of $16.57 billion. Caterpillar had a net margin of 13.69% and a return on equity of 56.29%. The company’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same period last year, the company posted $3.95 EPS. On average, equities research analysts anticipate that Caterpillar Inc. will post 20.59 earnings per share for the current fiscal year.

Caterpillar Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 20th. Investors of record on Monday, January 22nd will be issued a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date is Friday, January 19th. Caterpillar’s payout ratio is 29.46%.

About Caterpillar

(Free Report)

Caterpillar Inc manufactures and sells construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives in the United States and internationally. Its Construction Industries segment offers asphalt pavers, compactors, road reclaimers, forestry machines, cold planers, material handlers, tractors, excavators, telehandlers, motor graders, and pipelayers; compact track and multi-terrain, wheel, track-type, backhoe, and skid steer loaders; and related parts and tools.

Featured Articles