HPM Partners LLC Boosts Stake in Caterpillar Inc. (CAT)

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HPM Partners LLC lifted its holdings in Caterpillar Inc. (NYSE:CAT) by 499.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 26,106 shares of the industrial products company’s stock after buying an additional 21,750 shares during the period. HPM Partners LLC’s holdings in Caterpillar were worth $3,981,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the company. Smith Asset Management Group LP raised its stake in shares of Caterpillar by 3.8% during the 2nd quarter. Smith Asset Management Group LP now owns 246,923 shares of the industrial products company’s stock worth $33,500,000 after purchasing an additional 9,030 shares in the last quarter. Alps Advisors Inc. purchased a new stake in shares of Caterpillar during the 2nd quarter worth about $68,531,000. Eagle Asset Management Inc. raised its stake in shares of Caterpillar by 2.5% during the 2nd quarter. Eagle Asset Management Inc. now owns 29,337 shares of the industrial products company’s stock worth $3,980,000 after purchasing an additional 712 shares in the last quarter. CIBC World Markets Inc. raised its stake in shares of Caterpillar by 128.8% during the 2nd quarter. CIBC World Markets Inc. now owns 66,538 shares of the industrial products company’s stock worth $9,027,000 after purchasing an additional 37,459 shares in the last quarter. Finally, LSV Asset Management raised its stake in shares of Caterpillar by 58.8% during the 2nd quarter. LSV Asset Management now owns 13,500 shares of the industrial products company’s stock worth $1,831,000 after purchasing an additional 5,000 shares in the last quarter. Hedge funds and other institutional investors own 66.81% of the company’s stock.

Shares of CAT stock opened at $126.77 on Friday. The company has a current ratio of 1.48, a quick ratio of 1.02 and a debt-to-equity ratio of 1.60. Caterpillar Inc. has a twelve month low of $112.06 and a twelve month high of $173.24. The company has a market capitalization of $74.81 billion, a P/E ratio of 18.43, a P/E/G ratio of 0.53 and a beta of 1.61.

Caterpillar (NYSE:CAT) last issued its quarterly earnings data on Tuesday, October 23rd. The industrial products company reported $2.86 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.83 by $0.03. The business had revenue of $13.51 billion for the quarter, compared to the consensus estimate of $13.28 billion. Caterpillar had a return on equity of 44.13% and a net margin of 7.13%. The firm’s revenue was up 18.4% compared to the same quarter last year. During the same period last year, the business earned $1.95 EPS. On average, research analysts forecast that Caterpillar Inc. will post 11.64 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 20th. Shareholders of record on Tuesday, January 22nd will be given a $0.86 dividend. This represents a $3.44 annualized dividend and a yield of 2.71%. The ex-dividend date is Friday, January 18th. Caterpillar’s dividend payout ratio is currently 50.00%.

A number of equities research analysts have recently weighed in on CAT shares. Deutsche Bank set a $177.00 price target on Caterpillar and gave the stock a “buy” rating in a research note on Wednesday, September 5th. UBS Group set a $185.00 price target on Caterpillar and gave the stock a “buy” rating in a research note on Wednesday, September 5th. JPMorgan Chase & Co. set a $188.00 price target on Caterpillar and gave the stock a “buy” rating in a research note on Tuesday, October 23rd. Wells Fargo & Co set a $145.00 price target on Caterpillar and gave the stock a “buy” rating in a research note on Wednesday, October 24th. Finally, Robert W. Baird set a $171.00 price target on Caterpillar and gave the stock a “buy” rating in a research note on Wednesday, October 24th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $158.90.

In other Caterpillar news, insider Denise C. Johnson sold 35,051 shares of Caterpillar stock in a transaction that occurred on Tuesday, October 2nd. The stock was sold at an average price of $154.18, for a total value of $5,404,163.18. Following the transaction, the insider now directly owns 22,826 shares of the company’s stock, valued at approximately $3,519,312.68. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Lange Bob De purchased 1,080 shares of the company’s stock in a transaction on Friday, October 26th. The stock was acquired at an average cost of $115.58 per share, for a total transaction of $124,826.40. Following the completion of the transaction, the insider now owns 11,310 shares in the company, valued at $1,307,209.80. The disclosure for this purchase can be found here. Insiders own 0.36% of the company’s stock.

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About Caterpillar

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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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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