Sabal Trust CO Grows Holdings in Caterpillar Inc. (CAT)

Sabal Trust CO raised its position in Caterpillar Inc. (NYSE:CAT) by 3.3% in the 4th quarter, HoldingsChannel reports. The fund owned 4,080 shares of the industrial products company’s stock after acquiring an additional 130 shares during the quarter. Sabal Trust CO’s holdings in Caterpillar were worth $519,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CAT. Sanders Capital LLC acquired a new stake in Caterpillar in the fourth quarter valued at $422,262,000. Capital Research Global Investors grew its holdings in Caterpillar by 289.4% in the third quarter. Capital Research Global Investors now owns 3,934,537 shares of the industrial products company’s stock valued at $599,978,000 after purchasing an additional 2,924,169 shares during the last quarter. Vanguard Group Inc grew its holdings in Caterpillar by 1.1% in the third quarter. Vanguard Group Inc now owns 49,811,616 shares of the industrial products company’s stock valued at $7,595,773,000 after purchasing an additional 534,451 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Caterpillar by 1.1% during the third quarter. Vanguard Group Inc. now owns 49,811,616 shares of the industrial products company’s stock valued at $7,595,773,000 after acquiring an additional 534,451 shares during the last quarter. Finally, Morgan Stanley boosted its stake in shares of Caterpillar by 15.4% during the third quarter. Morgan Stanley now owns 4,001,534 shares of the industrial products company’s stock valued at $610,195,000 after acquiring an additional 534,061 shares during the last quarter. 68.90% of the stock is owned by institutional investors.

A number of analysts recently commented on CAT shares. Standpoint Research raised Caterpillar from a “sell” rating to an “accumulate” rating and set a $117.85 price objective on the stock in a research note on Wednesday, December 26th. JPMorgan Chase & Co. set a $188.00 target price on Caterpillar and gave the stock a “buy” rating in a research report on Tuesday, October 23rd. UBS Group set a $160.00 target price on Caterpillar and gave the stock a “buy” rating in a research report on Wednesday, October 24th. Morgan Stanley set a $169.00 target price on Caterpillar and gave the stock a “buy” rating in a research report on Wednesday, October 24th. Finally, Citigroup reduced their target price on Caterpillar from $175.00 to $160.00 and set a “buy” rating on the stock in a research report on Wednesday, October 24th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $151.50.

Shares of NYSE:CAT opened at $128.60 on Monday. The stock has a market cap of $75.89 billion, a P/E ratio of 11.46, a P/E/G ratio of 0.58 and a beta of 1.46. The company has a current ratio of 1.37, a quick ratio of 0.96 and a debt-to-equity ratio of 1.78. Caterpillar Inc. has a one year low of $112.06 and a one year high of $164.60.

Caterpillar (NYSE:CAT) last announced its earnings results on Monday, January 28th. The industrial products company reported $2.55 EPS for the quarter, missing the consensus estimate of $2.98 by ($0.43). The company had revenue of $14.34 billion for the quarter, compared to analysts’ expectations of $14.36 billion. Caterpillar had a net margin of 11.23% and a return on equity of 45.31%. The business’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.16 earnings per share. On average, equities analysts forecast that Caterpillar Inc. will post 12.24 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 20th. Investors of record on Tuesday, January 22nd will be issued a dividend of $0.86 per share. The ex-dividend date is Friday, January 18th. This represents a $3.44 annualized dividend and a dividend yield of 2.67%. Caterpillar’s payout ratio is currently 30.66%.

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Caterpillar Profile

Caterpillar Inc manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives for construction, resource, and energy and transportation industries. Its Construction Industries segment offers asphalt pavers, backhoe loaders, compactors, cold planers, compact truck and multi-terrain loaders, forestry excavators, feller bunchers, harvesters, knuckleboom loaders, motorgraders, pipelayers, road reclaimers, site prep tractors, skidders, skid steer loaders, telehandlers, track-type loaders, wheel excavators, and track-type tractors.

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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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