Boys Arnold & Co. Inc. Has $1.29 Million Holdings in Caterpillar Inc. (CAT)

Boys Arnold & Co. Inc. boosted its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 8.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,303 shares of the industrial products company’s stock after purchasing an additional 831 shares during the period. Boys Arnold & Co. Inc.’s holdings in Caterpillar were worth $1,294,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Dorsey & Whitney Trust CO LLC lifted its stake in Caterpillar by 1.4% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 7,174 shares of the industrial products company’s stock worth $912,000 after purchasing an additional 98 shares during the period. Cornerstone Advisors Inc. increased its holdings in shares of Caterpillar by 6.1% during the fourth quarter. Cornerstone Advisors Inc. now owns 1,760 shares of the industrial products company’s stock worth $224,000 after buying an additional 101 shares in the last quarter. First Personal Financial Services increased its holdings in shares of Caterpillar by 10.2% during the fourth quarter. First Personal Financial Services now owns 1,098 shares of the industrial products company’s stock worth $140,000 after buying an additional 102 shares in the last quarter. Physicians Financial Services Inc. increased its holdings in shares of Caterpillar by 0.7% during the fourth quarter. Physicians Financial Services Inc. now owns 15,960 shares of the industrial products company’s stock worth $2,028,000 after buying an additional 104 shares in the last quarter. Finally, North Star Investment Management Corp. increased its holdings in shares of Caterpillar by 1.1% during the fourth quarter. North Star Investment Management Corp. now owns 9,649 shares of the industrial products company’s stock worth $1,226,000 after buying an additional 105 shares in the last quarter. Hedge funds and other institutional investors own 67.32% of the company’s stock.

Shares of Caterpillar stock opened at $128.60 on Monday. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.37 and a quick ratio of 0.96. The company has a market capitalization 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. Caterpillar Inc. has a fifty-two week low of $112.06 and a fifty-two week high of $164.60.

Caterpillar (NYSE:CAT) last issued its quarterly earnings results on Monday, January 28th. The industrial products company reported $2.55 earnings per share for the quarter, missing analysts’ consensus estimates of $2.98 by ($0.43). The company had revenue of $14.34 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the prior year, the business earned $2.16 EPS. Equities analysts predict that Caterpillar Inc. will post 12.24 earnings per share for the current fiscal year.

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

Several research firms have recently weighed in on CAT. Zacks Investment Research raised shares of Caterpillar from a “hold” rating to a “strong-buy” rating and set a $163.00 price objective for the company in a report on Tuesday, October 16th. Robert W. Baird set a $171.00 price objective on shares of Caterpillar and gave the stock a “buy” rating in a report on Monday, December 3rd. ValuEngine lowered shares of Caterpillar from a “hold” rating to a “sell” rating in a report on Thursday, October 18th. Bank of America raised shares of Caterpillar from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $140.00 to $163.00 in a report on Monday, December 3rd. Finally, Credit Suisse Group dropped their price objective on shares of Caterpillar from $183.00 to $173.00 and set an “outperform” rating for the company in a report on Friday, January 18th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Caterpillar has a consensus rating of “Buy” and a consensus target price of $151.50.

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About Caterpillar

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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