L & S Advisors Inc trimmed its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 59.5% during the 4th quarter, HoldingsChannel reports. The fund owned 8,524 shares of the industrial products company’s stock after selling 12,540 shares during the period. L & S Advisors Inc’s holdings in Caterpillar were worth $1,083,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of the business. Loeb Partners Corp purchased a new stake in shares of Caterpillar during the fourth quarter valued at about $25,000. Bartlett & Co. LLC lifted its position in shares of Caterpillar by 150.0% during the fourth quarter. Bartlett & Co. LLC now owns 250 shares of the industrial products company’s stock valued at $32,000 after buying an additional 150 shares during the last quarter. PRW Wealth Management LLC purchased a new stake in shares of Caterpillar during the fourth quarter valued at about $43,000. Murphy Pohlad Asset Management LLC purchased a new stake in shares of Caterpillar during the fourth quarter valued at about $48,000. Finally, Vectors Research Management LLC lifted its position in shares of Caterpillar by 32.1% during the fourth quarter. Vectors Research Management LLC now owns 412 shares of the industrial products company’s stock valued at $52,000 after buying an additional 100 shares during the last quarter. Institutional investors own 67.04% of the company’s stock.
Several analysts have commented on the stock. Robert W. Baird set a $161.00 price target on shares of Caterpillar and gave the company a “buy” rating in a research report on Tuesday, January 29th. BMO Capital Markets decreased 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 lowered 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 decreased their price target 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 investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $150.24.
Caterpillar (NYSE:CAT) last released its quarterly earnings results on Monday, January 28th. The industrial products company reported $2.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.98 by ($0.43). Caterpillar had a net margin of 11.23% and a return on equity of 45.31%. The company had revenue of $14.34 billion during the quarter, compared to analyst estimates of $14.36 billion. During the same period in the prior year, the business posted $2.16 EPS. Caterpillar’s revenue was up 11.2% compared to the same quarter last year. As a group, analysts forecast that Caterpillar Inc. will post 12.24 EPS for the current year.
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Caterpillar Company Profile
Caterpillar Inc manufactures and sells construction and mining equipment, diesel and natural gas engines, and industrial gas turbines. Its Construction Industries segment offers asphalt pavers, compactors, cold planers, feller bunchers, harvesters, motorgraders, pipelayers, road reclaimers, skidders, telehandlers, and utility vehicles; backhoe, knuckleboom, compact track, multi-terrain, skid steer, and track-type loaders; forestry and wheel excavators; and site prep and track-type tractors.
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