Segall Bryant & Hamill LLC Decreases Holdings in Caterpillar Inc. (CAT)
Segall Bryant & Hamill LLC lessened its holdings in Caterpillar Inc. (NYSE:CAT) by 6.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 34,796 shares of the industrial products company’s stock after selling 2,357 shares during the period. Segall Bryant & Hamill LLC’s holdings in Caterpillar were worth $5,483,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also added to or reduced their stakes in CAT. Nationwide Fund Advisors boosted its holdings in Caterpillar by 21.6% in the third quarter. Nationwide Fund Advisors now owns 287,285 shares of the industrial products company’s stock worth $35,827,000 after purchasing an additional 51,060 shares during the period. Financial Sense Advisors Inc. boosted its holdings in Caterpillar by 52.3% in the third quarter. Financial Sense Advisors Inc. now owns 54,832 shares of the industrial products company’s stock worth $6,838,000 after purchasing an additional 18,821 shares during the period. First Quadrant L P CA acquired a new position in Caterpillar in the third quarter worth $591,000. Segment Wealth Management LLC boosted its holdings in Caterpillar by 19.5% in the third quarter. Segment Wealth Management LLC now owns 12,284 shares of the industrial products company’s stock worth $1,532,000 after purchasing an additional 2,003 shares during the period. Finally, Fort Pitt Capital Group LLC boosted its holdings in Caterpillar by 6.8% in the third quarter. Fort Pitt Capital Group LLC now owns 8,923 shares of the industrial products company’s stock worth $1,113,000 after purchasing an additional 569 shares during the period. 69.22% of the stock is owned by hedge funds and other institutional investors.
Shares of Caterpillar stock opened at $155.80 on Thursday. Caterpillar Inc. has a one year low of $90.34 and a one year high of $173.24. The company has a current ratio of 1.35, a quick ratio of 0.97 and a debt-to-equity ratio of 1.73. The firm has a market cap of $92,070.23, a PE ratio of 123.65, a P/E/G ratio of 1.41 and a beta of 1.23.
In other Caterpillar news, insider Thomas A. Pellette sold 95,199 shares of the business’s stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $163.09, for a total value of $15,526,004.91. Following the sale, the insider now directly owns 96,268 shares in the company, valued at $15,700,348.12. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, General Counsel Suzette M. Long sold 528 shares of the business’s stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $160.46, for a total transaction of $84,722.88. Following the completion of the sale, the general counsel now owns 19,646 shares in the company, valued at $3,152,397.16. The disclosure for this sale can be found here. 0.14% of the stock is currently owned by insiders.
A number of research firms have commented on CAT. Citigroup lifted their price objective on shares of Caterpillar from $145.00 to $160.00 and gave the stock a “neutral” rating in a report on Thursday, December 21st. Vetr raised shares of Caterpillar from a “hold” rating to a “buy” rating and set a $170.44 price target for the company in a report on Monday, January 29th. Bank of America reissued a “buy” rating and set a $189.00 price target (up previously from $158.00) on shares of Caterpillar in a report on Friday, January 12th. ValuEngine raised shares of Caterpillar from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Finally, UBS set a $180.00 price target on shares of Caterpillar and gave the company a “buy” rating in a report on Friday, January 5th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, nine have given a hold rating and seventeen have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $170.40.
Caterpillar Inc is a manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The Company operates through segments, including Construction Industries, which is engaged in supporting customers using machinery in infrastructure, forestry and building construction; Resource Industries, which is engaged in supporting customers using machinery in mining, quarry, waste and material handling applications; Energy & Transportation, which supports customers in oil and gas, power generation, marine, rail and industrial applications, including Cat machines; Financial Products segment, which provides financing and related services, and All Other operating segments, which includes activities, such as product management and development, and manufacturing of filters and fluids, undercarriage, tires and rims, ground engaging tools, fluid transfer products, and sealing and connecting components for Cat products.
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