Edmond DE Rothschild Holding S.A. Grows Stake in Caterpillar Inc. (CAT)
Edmond DE Rothschild Holding S.A. raised its position in Caterpillar Inc. (NYSE:CAT) by 17.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 100,839 shares of the industrial products company’s stock after purchasing an additional 15,034 shares during the quarter. Edmond DE Rothschild Holding S.A.’s holdings in Caterpillar were worth $12,814,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in CAT. Oregon Public Employees Retirement Fund raised its holdings in shares of Caterpillar by 6,835.4% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 9,054,500 shares of the industrial products company’s stock valued at $71,000 after buying an additional 8,923,946 shares during the period. Sanders Capital LLC purchased a new stake in shares of Caterpillar during the 4th quarter valued at about $422,262,000. Capital Research Global Investors raised its holdings in shares of Caterpillar by 289.4% during the 3rd quarter. Capital Research Global Investors now owns 3,934,537 shares of the industrial products company’s stock valued at $599,978,000 after buying an additional 2,924,169 shares during the period. LSV Asset Management raised its holdings in shares of Caterpillar by 3,805.2% during the 4th quarter. LSV Asset Management now owns 620,926 shares of the industrial products company’s stock valued at $78,901,000 after buying an additional 605,026 shares during the period. Finally, Boston Partners raised its holdings in shares of Caterpillar by 323.4% during the 4th quarter. Boston Partners now owns 738,367 shares of the industrial products company’s stock valued at $93,824,000 after buying an additional 563,996 shares during the period. Institutional investors own 66.02% of the company’s stock.
CAT has been the topic of several analyst reports. Bank of America upgraded Caterpillar from a “neutral” rating to a “buy” rating and raised their target price for the company from $140.00 to $163.00 in a report on Monday, December 3rd. Robert W. Baird set a $171.00 target price on Caterpillar and gave the company a “buy” rating in a report on Monday, December 3rd. Standpoint Research upgraded Caterpillar from a “sell” rating to an “accumulate” rating and set a $117.85 target price on the stock in a report on Wednesday, December 26th. Zacks Investment Research downgraded Caterpillar from a “hold” rating to a “sell” rating in a report on Monday, December 31st. Finally, ValuEngine upgraded Caterpillar from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $150.24.
Caterpillar (NYSE:CAT) last posted its quarterly earnings data on Monday, January 28th. The industrial products company reported $2.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.98 by ($0.43). The business had revenue of $14.34 billion for the quarter, compared to analysts’ expectations 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 quarter in the prior year, the firm earned $2.16 earnings per share. On average, equities analysts forecast that Caterpillar Inc. will post 12.24 EPS for the current fiscal year.
Caterpillar Company Profile
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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