Caterpillar Inc. (NYSE:CAT) Holdings Decreased by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. reduced its position in shares of Caterpillar Inc. (NYSE:CAT – Get Rating) by 3.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,318 shares of the industrial products company’s stock after selling 966 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Caterpillar were worth $3,991,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of CAT. Morgan Dempsey Capital Management LLC acquired a new position in Caterpillar during the third quarter worth about $33,000. Cowa LLC acquired a new position in Caterpillar during the third quarter worth about $33,000. Alpha Paradigm Partners LLC acquired a new position in Caterpillar during the second quarter worth about $40,000. McClarren Financial Advisors Inc. acquired a new position in Caterpillar during the third quarter worth about $49,000. Finally, Heritage Wealth Management LLC acquired a new position in Caterpillar during the second quarter worth about $62,000. 68.02% of the stock is owned by institutional investors and hedge funds.

Caterpillar Stock Up 0.7 %

Shares of Caterpillar stock opened at $218.71 on Friday. The stock has a market capitalization of $112.93 billion, a P/E ratio of 17.29, a PEG ratio of 1.20 and a beta of 1.11. The company has a quick ratio of 0.87, a current ratio of 1.39 and a debt-to-equity ratio of 1.62. The stock has a 50 day moving average price of $246.87 and a two-hundred day moving average price of $221.87. Caterpillar Inc. has a 12-month low of $160.60 and a 12-month high of $266.04.

Caterpillar (NYSE:CAT – Get Rating) last announced its earnings results on Tuesday, January 31st. The industrial products company reported $3.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.95 by ($0.09). The company had revenue of $16.60 billion for the quarter, compared to the consensus estimate of $15.84 billion. Caterpillar had a return on equity of 45.61% and a net margin of 11.28%. The firm’s revenue for the quarter was up 20.3% compared to the same quarter last year. During the same period in the previous year, the company earned $2.69 EPS. Equities analysts expect that Caterpillar Inc. will post 15.67 earnings per share for the current year.

Wall Street Analyst Weigh In

CAT has been the topic of a number of analyst reports. StockNews.com assumed coverage on Caterpillar in a research note on Thursday. They issued a “buy” rating on the stock. William Blair restated a “market perform” rating on shares of Caterpillar in a report on Tuesday, January 31st. Barclays boosted their price objective on Caterpillar from $200.00 to $225.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 1st. Stifel Nicolaus boosted their price objective on Caterpillar from $260.00 to $271.00 and gave the stock a “buy” rating in a report on Monday, December 19th. Finally, Wells Fargo & Company boosted their price objective on Caterpillar from $228.00 to $240.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 1st. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $241.00.

Insider Activity

In other news, insider Cheryl H. Johnson sold 23,883 shares of the stock in a transaction that occurred on Friday, February 3rd. The stock was sold at an average price of $250.44, for a total value of $5,981,258.52. Following the completion of the sale, the insider now directly owns 13,857 shares of the company’s stock, valued at $3,470,347.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Cheryl H. Johnson sold 23,883 shares of the stock in a transaction that occurred on Friday, February 3rd. The stock was sold at an average price of $250.44, for a total value of $5,981,258.52. Following the completion of the sale, the insider now directly owns 13,857 shares of the company’s stock, valued at $3,470,347.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David Maclennan acquired 400 shares of Caterpillar stock in a transaction dated Friday, February 17th. The stock was acquired at an average cost of $249.29 per share, with a total value of $99,716.00. Following the completion of the transaction, the director now directly owns 3,709 shares of the company’s stock, valued at approximately $924,616.61. The disclosure for this purchase can be found here. Over the last three months, insiders sold 90,984 shares of company stock valued at $22,519,893. 0.27% of the stock is owned by company insiders.

Caterpillar Company 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.