Epic Trust Investment Advisors LLC Invests $274,000 in Caterpillar Inc. (NYSE:CAT)

Financial Advisors


Epic Trust Investment Advisors LLC purchased a new stake in Caterpillar Inc. (NYSE: CAT – Get Rating) in the fourth quarter, according to the latest Form 13F filed with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,145 shares of the industrial products company, worth approximately $274,000.

Several other big investors have also recently bought and sold shares. First Manhattan Company increased its position in Caterpillar by 1.5% in the fourth quarter. First Manhattan Company purchased an additional 54 shares last quarter and now owns 3,573 shares of the industrial products company, valued at $856,000. Financial Connections Group Inc. increased his Caterpillar stock 639.3% in the fourth quarter. Financial Connections Group Inc. purchased an additional 179 shares during the period and he now owns 207 shares of the industrial products company worth $49,000. Financial Freedom LLC purchased new Caterpillar stock worth approximately $110,000 in the fourth quarter. Financial Partners Group Inc. raised Caterpillar shares 12.5% ​​in the fourth quarter. Financial Partners Group Inc purchased an additional 173 shares during the period and now owns 1,561 shares of the industrial products company valued at $387,000. Finally, Gluskin Sheff & Assoc Inc. increased his Caterpillar stake by 0.8% in the fourth quarter. Gluskin Sheff & Assoc Inc. purchased an additional 247 shares during the period and now owns 29,386 shares of the industrial products company valued at $7,040,000. Institutional investors and hedge funds hold 68.02% of the shares.

Analysts set new price target

Several research firms have published reports on CAT. UBS Group lowered its price target on Caterpillar from $210.00 to $208.00 in a research note on Friday, April 28. Robert W. Baird lowered his price target on Caterpillar to $180.00 from $185.00 in a research note on Monday, May 8. StockNews.com downgraded Caterpillar’s rating from “strong buy” to “buy” in a research note on Friday, June 9. Stifel Nikolaus raised his price target on Caterpillar from $273.00 to $275.00 in a research note on Monday, May 1. Finally, Tigress Financial raised its price target on Caterpillar from $266.00 to $282.00 in a research note on Wednesday, May 31. Three analysts gave the stock a sell rating, six gave a hold rating, and eight gave a buy rating. Based on MarketBeat.com data, Caterpillar currently has a consensus rating of “Hold” and a consensus price target of $239.83.

Caterpillar price performance

CAT shares climbed $1.97 during Wednesday’s trading hours to reach $247.41. The Company’s stock traded 1,018,053 shares with an average turnover of 3,308,233 shares. The company’s 50-day simple moving average is $217.93 and its 200-day simple moving average is $232.09. The company has a market capitalization of $127.51 billion, a price/earnings ratio of 18.14x, a PEG ratio of 1.11x, and a beta of 1.09x. Caterpillar is at a 52-week low of $160.60 and a 52-week high of $266.04. The company has a quick ratio of 0.88, a current ratio of 1.43 and a debt to equity ratio of 1.37.

Caterpillar (NYSE:CAT – Get Rating) last reported earnings on Thursday, April 27. The industrial products company reported earnings per share of $4.91 for the quarter, beating analyst consensus forecasts of $3.79 by $1.12. The company had revenue of $15.86 billion in the quarter, compared with consensus expectations of $15.27 billion. Caterpillar’s return on equity was 50.98% and net profit margin was 11.52%. The company’s revenue increased by 16.7% over the same period last year. His EPS for the same business in the same period last year was $2.88. Sell-side analysts expect Caterpillar to post earnings of $17.64 per share this quarter.

Caterpillar Dividend Announcement

The company also recently announced a quarterly dividend, which was paid out on Friday, May 19. His $1.20 dividend was issued to shareholders of record on Monday, April 24. This equates to a dividend of $4.80 for him on an annualized basis and a dividend yield of 1.94% for him. The ex-dividend date was Friday, April 21. Caterpillar’s payout ratio is currently 35.48%.

Caterpillar company profile

(get rating)

Caterpillar, Inc manufactures construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel electric locomotives. It operates in the construction industry, resources industry, energy and transportation, financial products and all other segments.

References

Caterpillar Institutional Ownership Quarterly (NYSE:CAT)

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