HHM Wealth Advisors LLC Purchases New Stake in Caterpillar Inc. (CAT)
HHM Wealth Advisors LLC purchased a new stake in Caterpillar Inc. (NYSE:CAT) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 2,403 shares of the industrial products company’s stock, valued at approximately $305,000.
A number of other hedge funds have also modified their holdings of CAT. LSV Asset Management boosted its stake in shares of Caterpillar by 17.8% during the 3rd quarter. LSV Asset Management now owns 15,900 shares of the industrial products company’s stock worth $2,424,000 after acquiring an additional 2,400 shares in the last quarter. AXA boosted its stake in shares of Caterpillar by 1.8% during the 3rd quarter. AXA now owns 125,526 shares of the industrial products company’s stock worth $19,141,000 after acquiring an additional 2,162 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Caterpillar by 2.9% during the 3rd quarter. PNC Financial Services Group Inc. now owns 571,664 shares of the industrial products company’s stock worth $87,173,000 after acquiring an additional 15,854 shares in the last quarter. CI Investments Inc. boosted its stake in shares of Caterpillar by 117.9% during the 3rd quarter. CI Investments Inc. now owns 183,472 shares of the industrial products company’s stock worth $27,978,000 after acquiring an additional 99,280 shares in the last quarter. Finally, Pinnacle Wealth Management Advisory Group LLC purchased a new stake in shares of Caterpillar during the 3rd quarter worth about $215,000. 66.02% of the stock is owned by institutional investors.
Caterpillar stock opened at $133.01 on Thursday. Caterpillar Inc. has a fifty-two week low of $112.06 and a fifty-two week high of $161.60. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.37 and a quick ratio of 0.96. The company has a market capitalization of $76.55 billion, a P/E ratio of 11.85, a P/E/G ratio of 0.70 and a beta of 1.47.
A number of research analysts recently weighed in on the stock. Zacks Investment Research raised shares of Caterpillar from a “sell” rating to a “hold” rating in a research note on Tuesday, March 12th. ValuEngine raised shares of Caterpillar from a “sell” rating to a “hold” rating in a research note on Friday, March 1st. UBS Group lowered shares of Caterpillar from a “buy” rating to a “sell” rating and decreased their target price for the stock from $154.00 to $125.00 in a research note on Tuesday, February 26th. OTR Global lowered shares of Caterpillar to a “positive” rating in a research note on Friday, February 15th. Finally, Credit Suisse Group reissued a “buy” rating and issued a $173.00 target price on shares of Caterpillar in a research note on Thursday, February 14th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $150.24.
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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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