TD Asset Management Inc. Lowers Holdings in Caterpillar Inc. (CAT)

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TD Asset Management Inc. lowered its position in shares of Caterpillar Inc. (NYSE:CAT) by 0.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 269,458 shares of the industrial products company’s stock after selling 2,099 shares during the quarter. TD Asset Management Inc.’s holdings in Caterpillar were worth $34,240,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Dorsey & Whitney Trust CO LLC increased its stake in Caterpillar by 1.4% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 7,174 shares of the industrial products company’s stock worth $912,000 after buying an additional 98 shares in the last quarter. Cornerstone Advisors Inc. grew its position in shares of Caterpillar by 6.1% in the fourth quarter. Cornerstone Advisors Inc. now owns 1,760 shares of the industrial products company’s stock valued at $224,000 after purchasing an additional 101 shares in the last quarter. First Personal Financial Services grew its position in shares of Caterpillar by 10.2% in the fourth quarter. First Personal Financial Services now owns 1,098 shares of the industrial products company’s stock valued at $140,000 after purchasing an additional 102 shares in the last quarter. Physicians Financial Services Inc. grew its position in shares of Caterpillar by 0.7% in the fourth quarter. Physicians Financial Services Inc. now owns 15,960 shares of the industrial products company’s stock valued at $2,028,000 after purchasing an additional 104 shares in the last quarter. Finally, North Star Investment Management Corp. grew its position in shares of Caterpillar by 1.1% in the fourth quarter. North Star Investment Management Corp. now owns 9,649 shares of the industrial products company’s stock valued at $1,226,000 after purchasing an additional 105 shares in the last quarter. 68.90% of the stock is owned by institutional investors.

Shares of NYSE CAT opened at $128.93 on Tuesday. The firm has a market capitalization of $76.56 billion, a PE ratio of 11.49, a P/E/G ratio of 0.58 and a beta of 1.46. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.96 and a current ratio of 1.37. Caterpillar Inc. has a 12-month low of $112.06 and a 12-month high of $164.60.

Caterpillar (NYSE:CAT) last announced its quarterly earnings data on Monday, January 28th. The industrial products company reported $2.55 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm’s revenue was up 11.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.16 earnings per share. As a group, analysts anticipate that Caterpillar Inc. will post 12.24 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 20th. Shareholders of record on Tuesday, January 22nd will be paid a $0.86 dividend. 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%.

CAT has been the subject of several analyst reports. BMO Capital Markets lowered their price objective on Caterpillar to $160.00 and set an “outperform” rating for the company in a research report on Monday, February 4th. Standpoint Research upgraded Caterpillar from a “sell” rating to an “accumulate” rating and set a $117.85 price objective for the company in a research report on Wednesday, December 26th. Morgan Stanley set a $169.00 price objective on Caterpillar and gave the stock a “buy” rating in a research report on Wednesday, October 24th. UBS Group upgraded Caterpillar from a “sell” rating to a “hold” rating in a research report on Thursday, October 25th. Finally, ValuEngine upgraded Caterpillar from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. Caterpillar has a consensus rating of “Buy” and an average target price of $151.50.

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Caterpillar Company 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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