Caterpillar Inc. (CAT) Shares Bought by TLP Group LLC

TLP Group LLC lifted its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 288.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,338 shares of the industrial products company’s stock after buying an additional 6,643 shares during the quarter. Caterpillar makes up approximately 0.4% of TLP Group LLC’s investment portfolio, making the stock its 15th largest position. TLP Group LLC’s holdings in Caterpillar were worth $639,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Schroder Investment Management Group increased its position in shares of Caterpillar by 7.6% during the fourth quarter. Schroder Investment Management Group now owns 770,480 shares of the industrial products company’s stock worth $121,411,000 after purchasing an additional 54,661 shares in the last quarter. KHP Capital LLC purchased a new stake in Caterpillar in the 4th quarter valued at $867,000. MainStreet Investment Advisors LLC purchased a new stake in Caterpillar in the 4th quarter valued at $212,000. Valeo Financial Advisors LLC grew its holdings in Caterpillar by 20.7% in the 4th quarter. Valeo Financial Advisors LLC now owns 18,935 shares of the industrial products company’s stock valued at $2,984,000 after buying an additional 3,251 shares in the last quarter. Finally, Harfst & Associates Inc. purchased a new stake in Caterpillar in the 4th quarter valued at $228,000. 66.86% of the stock is owned by institutional investors and hedge funds.

Caterpillar traded up $1.57, hitting $156.28, during mid-day trading on Thursday, according to Marketbeat. 27,135 shares of the stock were exchanged, compared to its average volume of 5,527,347. Caterpillar Inc. has a 1-year low of $102.30 and a 1-year high of $173.24. The company has a current ratio of 1.36, a quick ratio of 0.96 and a debt-to-equity ratio of 1.52. The firm has a market cap of $93.46 billion, a price-to-earnings ratio of 22.71, a PEG ratio of 1.10 and a beta of 1.32.



Caterpillar (NYSE:CAT) last posted its earnings results on Tuesday, April 24th. The industrial products company reported $2.82 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.11 by $0.71. Caterpillar had a return on equity of 34.38% and a net margin of 4.59%. The firm had revenue of $12.86 billion for the quarter, compared to analyst estimates of $11.99 billion. During the same quarter in the prior year, the company earned $1.28 EPS. Caterpillar’s revenue was up 30.9% on a year-over-year basis. research analysts forecast that Caterpillar Inc. will post 10.72 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, August 20th. Shareholders of record on Friday, July 20th will be given a $0.86 dividend. This represents a $3.44 dividend on an annualized basis and a yield of 2.20%. This is a positive change from Caterpillar’s previous quarterly dividend of $0.78. Caterpillar’s dividend payout ratio (DPR) is currently 45.35%.

Several analysts have issued reports on CAT shares. Daiwa Capital Markets cut Caterpillar from an “outperform” rating to a “neutral” rating and set a $160.00 target price for the company. in a report on Wednesday, April 25th. TheStreet upgraded Caterpillar from a “c+” rating to an “a-” rating in a report on Tuesday, April 24th. Vetr cut Caterpillar from a “strong-buy” rating to a “buy” rating and set a $169.76 target price for the company. in a report on Monday, March 19th. Morgan Stanley set a $185.00 target price on Caterpillar and gave the company a “buy” rating in a report on Wednesday, April 25th. Finally, Citigroup upgraded Caterpillar from a “neutral” rating to a “buy” rating and set a $145.00 price target for the company in a report on Monday, April 23rd. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $172.86.

In related news, Director David L. Calhoun purchased 5,000 shares of Caterpillar stock in a transaction on Monday, May 14th. The shares were bought at an average price of $155.37 per share, with a total value of $776,850.00. Following the transaction, the director now directly owns 19,579 shares of the company’s stock, valued at $3,041,989.23. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Thomas A. Pellette sold 54,481 shares of the stock in a transaction dated Monday, May 7th. The shares were sold at an average price of $150.17, for a total value of $8,181,411.77. The disclosure for this sale can be found here. 0.36% of the stock is owned by company insiders.

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.

Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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