Caterpillar Inc. (NYSE:CAT) Shares Purchased by Brown Advisory Inc.

Posted by Defense World Staff on Jun 11th, 2023

Brown Advisory Inc. increased its holdings in Caterpillar Inc. (NYSE:CAT – Get Rating) by 1.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 68,749 shares of the industrial products company’s stock after buying an additional 792 shares during the quarter. Brown Advisory Inc.’s holdings in Caterpillar were worth $16,470,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Ontario Teachers Pension Plan Board acquired a new position in Caterpillar in the 1st quarter valued at $433,134,000. Neuberger Berman Group LLC boosted its stake in shares of Caterpillar by 199.1% in the 4th quarter. Neuberger Berman Group LLC now owns 1,353,507 shares of the industrial products company’s stock valued at $324,307,000 after buying an additional 900,974 shares during the period. Altshuler Shaham Ltd boosted its stake in shares of Caterpillar by 46.8% in the 3rd quarter. Altshuler Shaham Ltd now owns 2,624,672 shares of the industrial products company’s stock valued at $435,423,000 after buying an additional 836,340 shares during the period. Renaissance Technologies LLC acquired a new stake in shares of Caterpillar during the 4th quarter worth about $195,122,000. Finally, International Assets Investment Management LLC raised its position in shares of Caterpillar by 19,918.0% during the 4th quarter. International Assets Investment Management LLC now owns 661,795 shares of the industrial products company’s stock worth $2,858,000 after acquiring an additional 658,489 shares in the last quarter. Institutional investors and hedge funds own 68.02% of the company’s stock.

Caterpillar Stock Up 0.2 %

Shares of Caterpillar stock opened at $235.03 on Friday. The stock’s fifty day moving average is $217.21 and its 200-day moving average is $232.05. The firm has a market capitalization of $121.13 billion, a PE ratio of 17.37, a price-to-earnings-growth ratio of 1.11 and a beta of 1.09. The company has a quick ratio of 0.88, a current ratio of 1.43 and a debt-to-equity ratio of 1.37. Caterpillar Inc. has a 12-month low of $160.60 and a 12-month high of $266.04.

Caterpillar (NYSE:CAT – Get Rating) last issued its earnings results on Thursday, April 27th. The industrial products company reported $4.91 earnings per share for the quarter, beating analysts’ consensus estimates of $3.79 by $1.12. Caterpillar had a return on equity of 50.98% and a net margin of 11.52%. The company had revenue of $15.86 billion for the quarter, compared to the consensus estimate of $15.27 billion. During the same quarter in the prior year, the company earned $2.88 EPS. The firm’s quarterly revenue was up 16.7% on a year-over-year basis. Equities analysts anticipate that Caterpillar Inc. will post 17.64 earnings per share for the current year.

Caterpillar Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 19th. Shareholders of record on Monday, April 24th were issued a dividend of $1.20 per share. The ex-dividend date of this dividend was Friday, April 21st. This represents a $4.80 annualized dividend and a yield of 2.04%. Caterpillar’s dividend payout ratio (DPR) is presently 35.48%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. UBS Group cut their price target on Caterpillar from $210.00 to $208.00 in a research report on Friday, April 28th. Stifel Nicolaus boosted their target price on Caterpillar from $273.00 to $275.00 in a research report on Monday, May 1st. Evercore ISI reduced their price objective on Caterpillar from $288.00 to $263.00 in a research report on Tuesday, May 9th. Robert W. Baird dropped their target price on Caterpillar from $185.00 to $180.00 in a research note on Monday, May 8th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Caterpillar from $228.00 to $225.00 and set a “hold” rating for the company in a research note on Wednesday, April 12th. Three analysts have rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $239.83.

Caterpillar Profile

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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.