Investors Sell Shares of Caterpillar (CAT) on Strength (CAT)

Investors sold shares of Caterpillar Inc. (NYSE:CAT) on strength during trading hours on Thursday. $73.52 million flowed into the stock on the tick-up and $126.95 million flowed out of the stock on the tick-down, for a money net flow of $53.43 million out of the stock. Of all equities tracked, Caterpillar had the 27th highest net out-flow for the day. Caterpillar traded up $0.19 for the day and closed at $133.69

A number of brokerages have weighed in on CAT. Robert W. Baird set a $161.00 target price on shares of Caterpillar and gave the company a “buy” rating in a research note on Tuesday, January 29th. BMO Capital Markets reduced their price target on shares of Caterpillar to $160.00 and set an “outperform” rating for the company in a research report on Monday, February 4th. OTR Global downgraded shares of Caterpillar to a “positive” rating in a research report on Friday, February 15th. UBS Group set a $154.00 price target on shares of Caterpillar and gave the company a “buy” rating in a research report on Tuesday, January 29th. Finally, Royal Bank of Canada cut their target price on shares of Caterpillar from $142.00 to $140.00 and set a “sector perform” rating for the company in a research report on Tuesday, January 29th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $150.24.

The company has a market capitalization of $76.25 billion, a price-to-earnings ratio of 11.92, a price-to-earnings-growth ratio of 0.59 and a beta of 1.47. The company has a current ratio of 1.37, a quick ratio of 0.96 and a debt-to-equity ratio of 1.78.



Caterpillar (NYSE:CAT) last issued its quarterly earnings results on Monday, January 28th. The industrial products company reported $2.55 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.98 by ($0.43). The business had revenue of $14.34 billion for the quarter, compared to analysts’ expectations of $14.36 billion. Caterpillar had a return on equity of 45.31% and a net margin of 11.23%. The company’s revenue was up 11.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.16 EPS. Analysts expect that Caterpillar Inc. will post 12.24 earnings per share for the current year.

Institutional investors have recently modified their holdings of the company. Dupont Capital Management Corp increased its holdings in Caterpillar by 9.9% in the 3rd quarter. Dupont Capital Management Corp now owns 6,701 shares of the industrial products company’s stock valued at $1,022,000 after acquiring an additional 601 shares during the last quarter. LSV Asset Management increased its holdings in Caterpillar by 17.8% in the 3rd quarter. LSV Asset Management now owns 15,900 shares of the industrial products company’s stock valued at $2,424,000 after acquiring an additional 2,400 shares during the last quarter. Highstreet Asset Management Inc. increased its holdings in Caterpillar by 10.9% in the 3rd quarter. Highstreet Asset Management Inc. now owns 12,794 shares of the industrial products company’s stock valued at $1,951,000 after acquiring an additional 1,254 shares during the last quarter. First Interstate Bank increased its holdings in Caterpillar by 21.4% in the 3rd quarter. First Interstate Bank now owns 2,137 shares of the industrial products company’s stock valued at $326,000 after acquiring an additional 376 shares during the last quarter. Finally, Candriam Luxembourg S.C.A. increased its holdings in Caterpillar by 89.6% in the 3rd quarter. Candriam Luxembourg S.C.A. now owns 130,381 shares of the industrial products company’s stock valued at $19,882,000 after acquiring an additional 61,609 shares during the last quarter. Institutional investors and hedge funds own 66.16% of the company’s stock.

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About Caterpillar (NYSE:CAT)

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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