TLP Group LLC Has $1.02 Million Stake in Caterpillar Inc. (CAT)
TLP Group LLC grew its holdings in Caterpillar Inc. (NYSE:CAT) by 43.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 8,198 shares of the industrial products company’s stock after buying an additional 2,497 shares during the quarter. Caterpillar makes up 3.7% of TLP Group LLC’s portfolio, making the stock its 4th largest position. TLP Group LLC’s holdings in Caterpillar were worth $1,019,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in CAT. Avalon Advisors LLC lifted its holdings in shares of Caterpillar by 36.5% during the 4th quarter. Avalon Advisors LLC now owns 93,158 shares of the industrial products company’s stock valued at $11,838,000 after purchasing an additional 24,894 shares in the last quarter. Lido Advisors LLC lifted its holdings in shares of Caterpillar by 98.6% during the 4th quarter. Lido Advisors LLC now owns 8,702 shares of the industrial products company’s stock valued at $1,105,000 after purchasing an additional 4,321 shares in the last quarter. Lehman & Derafelo Financial Resources LLC bought a new position in shares of Caterpillar during the 4th quarter valued at about $305,000. Mackay Shields LLC lifted its holdings in shares of Caterpillar by 6.5% during the 4th quarter. Mackay Shields LLC now owns 154,018 shares of the industrial products company’s stock valued at $19,571,000 after purchasing an additional 9,385 shares in the last quarter. Finally, Aviance Capital Management LLC bought a new position in shares of Caterpillar during the 4th quarter valued at about $6,427,000. Institutional investors own 67.04% of the company’s stock.
Several research firms have recently weighed in on CAT. Robert W. Baird set a $161.00 price objective on Caterpillar and gave the company a “buy” rating in a report on Tuesday, January 29th. BMO Capital Markets cut their price objective on Caterpillar to $160.00 and set an “outperform” rating on the stock in a report on Monday, February 4th. OTR Global cut Caterpillar to a “positive” rating in a report on Friday, February 15th. UBS Group set a $154.00 price objective on Caterpillar and gave the company a “buy” rating in a report on Tuesday, January 29th. Finally, Royal Bank of Canada cut their price objective on Caterpillar from $142.00 to $140.00 and set a “sector perform” rating on the stock in a report on Tuesday, January 29th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Caterpillar has an average rating of “Hold” and an average target price of $150.24.
Caterpillar (NYSE:CAT) last released its quarterly earnings results on Monday, January 28th. The industrial products company reported $2.55 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.98 by ($0.43). The firm had revenue of $14.34 billion during the quarter, compared to the consensus estimate of $14.36 billion. Caterpillar had a net margin of 11.23% and a return on equity of 45.31%. The business’s revenue for the quarter was up 11.2% compared to the same quarter last year. During the same quarter last year, the firm earned $2.16 earnings per share. Research analysts forecast that Caterpillar Inc. will post 12.24 EPS for the current fiscal year.
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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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