Aureus Asset Management LLC Has $1.39 Million Stock Holdings in Caterpillar Inc. (NYSE:CAT)

Posted by on Jun 14th, 2023

Aureus Asset Management LLC grew its position in shares of Caterpillar Inc. (NYSE:CAT – Get Rating) by 5.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,809 shares of the industrial products company’s stock after purchasing an additional 301 shares during the quarter. Aureus Asset Management LLC’s holdings in Caterpillar were worth $1,392,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Mayflower Financial Advisors LLC raised its position in shares of Caterpillar by 1.0% during the fourth quarter. Mayflower Financial Advisors LLC now owns 4,087 shares of the industrial products company’s stock worth $979,000 after acquiring an additional 40 shares during the last quarter. DT Investment Partners LLC raised its position in shares of Caterpillar by 0.3% during the fourth quarter. DT Investment Partners LLC now owns 14,635 shares of the industrial products company’s stock worth $3,506,000 after acquiring an additional 40 shares during the last quarter. Hazlett Burt & Watson Inc. raised its position in shares of Caterpillar by 1.3% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 3,167 shares of the industrial products company’s stock worth $760,000 after acquiring an additional 41 shares during the last quarter. LVW Advisors LLC increased its holdings in Caterpillar by 3.0% in the fourth quarter. LVW Advisors LLC now owns 1,458 shares of the industrial products company’s stock worth $349,000 after purchasing an additional 42 shares in the last quarter. Finally, Moisand Fitzgerald Tamayo LLC increased its holdings in Caterpillar by 44.7% in the fourth quarter. Moisand Fitzgerald Tamayo LLC now owns 136 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 42 shares in the last quarter. 68.02% of the stock is currently owned by institutional investors.

Caterpillar Stock Up 3.2 %

Shares of NYSE:CAT opened at $245.44 on Wednesday. The stock has a market cap of $126.49 billion, a price-to-earnings ratio of 18.14, a PEG 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. The business’s 50 day moving average is $217.93 and its 200 day moving average is $232.09.

Caterpillar (NYSE:CAT – Get Rating) last posted its quarterly earnings data on Thursday, April 27th. The industrial products company reported $4.91 earnings per share for the quarter, topping the consensus estimate of $3.79 by $1.12. Caterpillar had a return on equity of 50.98% and a net margin of 11.52%. The business had revenue of $15.86 billion for the quarter, compared to analysts’ expectations of $15.27 billion. During the same quarter in the previous year, the firm earned $2.88 earnings per share. The business’s revenue was up 16.7% on a year-over-year basis. On average, sell-side analysts forecast that Caterpillar Inc. will post 17.64 earnings per share for the current fiscal year.

Caterpillar Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 19th. Shareholders of record on Monday, April 24th were given a $1.20 dividend. The ex-dividend date of this dividend was Friday, April 21st. This represents a $4.80 annualized dividend and a yield of 1.96%. Caterpillar’s dividend payout ratio is currently 35.48%.

Analyst Ratings Changes

CAT has been the subject of a number of research analyst reports. StockNews.com downgraded Caterpillar from a “strong-buy” rating to a “buy” rating in a report on Friday, June 9th. Tigress Financial lifted their target price on Caterpillar from $266.00 to $282.00 in a report on Wednesday, May 31st. Deutsche Bank Aktiengesellschaft lowered their target price on Caterpillar from $228.00 to $225.00 and set a “hold” rating for the company in a report on Wednesday, April 12th. Evercore ISI lowered their target price on Caterpillar from $288.00 to $263.00 in a report on Tuesday, May 9th. Finally, UBS Group decreased their price objective on Caterpillar from $210.00 to $208.00 in a report on Friday, April 28th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price 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.

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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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