Koshinski Asset Management Inc. Reduces Holdings in Caterpillar Inc. (NYSE:CAT)

by · The Cerbat Gem

Koshinski Asset Management Inc. trimmed its position in shares of Caterpillar Inc. (NYSE:CAT – Free Report) by 1.3% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 20,781 shares of the industrial products company’s stock after selling 277 shares during the quarter. Caterpillar accounts for 0.6% of Koshinski Asset Management Inc.’s investment portfolio, making the stock its 29th largest holding. Koshinski Asset Management Inc.’s holdings in Caterpillar were worth $5,673,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in CAT. Moneta Group Investment Advisors LLC boosted its stake in shares of Caterpillar by 130,632.5% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 9,784,017 shares of the industrial products company’s stock valued at $2,343,859,000 after purchasing an additional 9,776,533 shares during the period. Bank Julius Baer & Co. Ltd Zurich lifted its stake in 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 worth $2,135,519,000 after acquiring an additional 8,670,430 shares during the period. Norges Bank purchased a new stake in Caterpillar in the fourth quarter worth about $1,175,255,000. Ontario Teachers Pension Plan Board purchased a new stake in Caterpillar in the first quarter worth about $433,134,000. Finally, Imprint Wealth LLC lifted its stake in Caterpillar by 24,982.9% in the second quarter. Imprint Wealth LLC now owns 1,538,084 shares of the industrial products company’s stock worth $153,808,000 after acquiring an additional 1,531,952 shares during the period. 69.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CAT. HSBC began coverage on shares of Caterpillar in a research note on Monday, November 20th. They issued a “hold” rating and a $250.00 price objective for the company. StockNews.com lowered shares of Caterpillar from a “strong-buy” rating to a “buy” rating in a research note on Monday, November 20th. Tigress Financial upped their price objective on shares of Caterpillar from $282.00 to $295.00 and gave the stock a “buy” rating in a research note on Wednesday, November 8th. JPMorgan Chase & Co. upped their price objective on shares of Caterpillar from $315.00 to $320.00 and gave the stock an “overweight” rating in a research note on Monday, October 16th. Finally, Bank of America lowered their price objective on shares of Caterpillar from $323.00 to $297.00 in a research note on Wednesday, October 11th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $269.78.

Check Out Our Latest Stock Analysis on CAT

Caterpillar Stock Up 1.9 %

Shares of CAT traded up $5.63 during mid-day trading on Tuesday, hitting $295.99. 839,998 shares of the company traded hands, compared to its average volume of 3,067,863. Caterpillar Inc. has a 1-year low of $204.04 and a 1-year high of $298.27. The company has a quick ratio of 0.92, a current ratio of 1.45 and a debt-to-equity ratio of 1.18. The company has a market capitalization of $150.68 billion, a PE ratio of 16.45, a price-to-earnings-growth ratio of 1.05 and a beta of 1.09. The business has a 50 day moving average of $254.70 and a 200 day moving average of $261.84.

Caterpillar (NYSE:CAT – Get Free Report) last issued its earnings results on Tuesday, October 31st. The industrial products company reported $5.52 EPS for the quarter, beating analysts’ consensus estimates of $4.75 by $0.77. The firm had revenue of $16.81 billion for the quarter, compared to analyst estimates of $16.57 billion. Caterpillar had a return on equity of 56.29% and a net margin of 13.69%. Caterpillar’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.95 earnings per share. Equities research analysts anticipate that Caterpillar Inc. will post 20.58 EPS for the current year.

Caterpillar Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 20th. Investors of record on Monday, January 22nd will be given a $1.30 dividend. The ex-dividend date of this dividend is Friday, January 19th. This represents a $5.20 dividend on an annualized basis and a yield of 1.76%. Caterpillar’s dividend payout ratio is currently 29.46%.

Caterpillar Profile

(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.

Further Reading

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