GYL Financial Synergies LLC reduced its stake in Caterpillar Inc. (NYSE:CAT) by 24.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,736 shares of the industrial products company’s stock after selling 577 shares during the period. GYL Financial Synergies LLC’s holdings in Caterpillar were worth $256,000 at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. Shine Investment Advisory Services Inc. lifted its position in shares of Caterpillar by 143.1% during the 4th quarter. Shine Investment Advisory Services Inc. now owns 175 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 103 shares during the last quarter. FNY Investment Advisers LLC purchased a new position in shares of Caterpillar in the 4th quarter valued at about $29,000. Private Ocean LLC increased its holdings in shares of Caterpillar by 62.9% in the 3rd quarter. Private Ocean LLC now owns 259 shares of the industrial products company’s stock valued at $33,000 after acquiring an additional 100 shares during the last quarter. Savior LLC acquired a new stake in shares of Caterpillar during the 4th quarter worth about $36,000. Finally, Howard Wealth Management LLC acquired a new stake in shares of Caterpillar during the 4th quarter worth about $37,000. Hedge funds and other institutional investors own 64.93% of the company’s stock.
CAT has been the subject of a number of research analyst reports. Goldman Sachs Group raised Caterpillar from a “neutral” rating to a “buy” rating and upped their price target for the company from $156.00 to $168.00 in a report on Thursday. Citigroup cut their price objective on shares of Caterpillar from $170.00 to $160.00 and set a “buy” rating on the stock in a report on Tuesday, February 4th. ValuEngine upgraded shares of Caterpillar from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. UBS Group lowered their target price on shares of Caterpillar to $110.00 and set a “sell” rating for the company in a report on Thursday, October 24th. Finally, Standpoint Research downgraded shares of Caterpillar from a “buy” rating to a “hold” rating in a research report on Thursday, December 12th. Five equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $145.47.
Caterpillar (NYSE:CAT) last announced its earnings results on Friday, January 31st. The industrial products company reported $2.63 EPS for the quarter, beating analysts’ consensus estimates of $2.37 by $0.26. The business had revenue of $13.14 billion for the quarter, compared to analysts’ expectations of $13.42 billion. Caterpillar had a net margin of 11.32% and a return on equity of 41.85%. The company’s quarterly revenue was down 8.4% on a year-over-year basis. During the same period in the previous year, the company posted $2.55 EPS. As a group, research analysts predict that Caterpillar Inc. will post 9.34 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Tuesday, January 21st will be paid a $1.03 dividend. The ex-dividend date of this dividend is Friday, January 17th. This represents a $4.12 dividend on an annualized basis and a yield of 2.94%. Caterpillar’s dividend payout ratio is presently 37.25%.
Caterpillar, Inc engages in the manufacture of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. It operates through the following segments: Construction Industries, Resource Industries, Energy and Transportation, Financial Products, and All Other.
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