Sabal Trust CO Acquires 130 Shares of Caterpillar Inc. (CAT)
Sabal Trust CO boosted its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 3.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,080 shares of the industrial products company’s stock after acquiring an additional 130 shares during the period. Sabal Trust CO’s holdings in Caterpillar were worth $519,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also modified their holdings of the business. Bartlett & Co. LLC raised its position in shares of Caterpillar by 150.0% in the 4th quarter. Bartlett & Co. LLC now owns 250 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 150 shares during the last quarter. Legacy Financial Advisors Inc. raised its position in shares of Caterpillar by 145.4% in the 4th quarter. Legacy Financial Advisors Inc. now owns 481 shares of the industrial products company’s stock valued at $61,000 after purchasing an additional 285 shares during the last quarter. Meeder Asset Management Inc. purchased a new position in shares of Caterpillar in the 4th quarter valued at approximately $69,000. Gemmer Asset Management LLC raised its position in shares of Caterpillar by 166.5% in the 4th quarter. Gemmer Asset Management LLC now owns 589 shares of the industrial products company’s stock valued at $75,000 after purchasing an additional 368 shares during the last quarter. Finally, Highwater Wealth Management LLC purchased a new position in shares of Caterpillar in the 4th quarter valued at approximately $105,000. Institutional investors own 68.90% of the company’s stock.
A number of equities analysts have issued reports on the stock. Zacks Investment Research raised shares of Caterpillar from a “hold” rating to a “strong-buy” rating and set a $163.00 price target for the company in a research report on Tuesday, October 16th. Robert W. Baird set a $171.00 price target on shares of Caterpillar and gave the stock a “buy” rating in a research report on Monday, December 3rd. ValuEngine lowered shares of Caterpillar from a “hold” rating to a “sell” rating in a research report on Thursday, October 18th. Bank of America raised shares of Caterpillar from a “neutral” rating to a “buy” rating and raised their price target for the stock from $140.00 to $163.00 in a research report on Monday, December 3rd. Finally, Credit Suisse Group reduced their price target on shares of Caterpillar from $183.00 to $173.00 and set an “outperform” rating for the company in a research report on Friday, January 18th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $151.50.
Caterpillar (NYSE:CAT) last issued its quarterly earnings data on Monday, January 28th. The industrial products company reported $2.55 EPS for the quarter, missing analysts’ consensus estimates of $2.98 by ($0.43). The firm had revenue of $14.34 billion for the quarter, compared to analyst estimates of $14.36 billion. Caterpillar had a return on equity of 45.31% and a net margin of 11.23%. Caterpillar’s revenue for the quarter was up 11.2% compared to the same quarter last year. During the same period in the previous year, the business earned $2.16 EPS. As a group, analysts forecast that Caterpillar Inc. will post 12.24 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 20th. Stockholders of record on Tuesday, January 22nd will be paid a dividend of $0.86 per share. The ex-dividend date of this dividend is Friday, January 18th. This represents a $3.44 dividend on an annualized basis and a dividend yield of 2.67%. Caterpillar’s payout ratio is 30.66%.
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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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