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.

Caterpillar (NYSE:CAT) last posted its earnings results on Monday, January 28th. The industrial products company reported $2.55 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate 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 quarter last year, the business posted $2.16 EPS. The firm’s revenue for the quarter was up 11.2% on a year-over-year basis. On average, sell-side analysts expect that Caterpillar Inc. will post 12.24 EPS for the current year.

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.

WARNING: This article was first published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this article on another website, it was illegally copied and reposted in violation of U.S. and international trademark & copyright legislation. The correct version of this article can be viewed at https://www.thecerbatgem.com/2019/03/21/hhm-wealth-advisors-llc-purchases-new-stake-in-caterpillar-inc-cat.html.

About Caterpillar

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.

Recommended Story: Institutional Investors

Want to see what other hedge funds are holding CAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Caterpillar Inc. (NYSE:CAT).

Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

Receive News & Ratings for Caterpillar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Caterpillar and related companies with MarketBeat.com's FREE daily email newsletter.