Wealth Management Partners LLC Acquires 560 Shares of Caterpillar Inc. (NYSE:CAT)

Wealth Management Partners LLC raised its holdings in shares of Caterpillar Inc. (NYSE:CATFree Report) by 18.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,578 shares of the industrial products company’s stock after purchasing an additional 560 shares during the quarter. Wealth Management Partners LLC’s holdings in Caterpillar were worth $1,058,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Farmers Trust Co. grew its stake in shares of Caterpillar by 2.7% in the 4th quarter. Farmers Trust Co. now owns 4,490 shares of the industrial products company’s stock worth $1,328,000 after acquiring an additional 120 shares in the last quarter. Panagora Asset Management Inc. grew its stake in shares of Caterpillar by 16.7% in the 3rd quarter. Panagora Asset Management Inc. now owns 367,655 shares of the industrial products company’s stock worth $100,370,000 after acquiring an additional 52,576 shares in the last quarter. Cary Street Partners Investment Advisory LLC grew its stake in shares of Caterpillar by 36.8% in the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 14,773 shares of the industrial products company’s stock worth $3,635,000 after acquiring an additional 3,974 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Caterpillar by 1.7% in the 2nd quarter. Geode Capital Management LLC now owns 9,532,245 shares of the industrial products company’s stock worth $2,339,234,000 after acquiring an additional 156,608 shares in the last quarter. Finally, Eagle Asset Management Inc. grew its stake in shares of Caterpillar by 176.9% in the 3rd quarter. Eagle Asset Management Inc. now owns 27,357 shares of the industrial products company’s stock worth $7,468,000 after acquiring an additional 17,478 shares in the last quarter. Institutional investors own 69.20% of the company’s stock.

Wall Street Analyst Weigh In

CAT has been the topic of a number of research analyst reports. Sanford C. Bernstein boosted their price target on shares of Caterpillar from $216.00 to $245.00 and gave the stock a “market perform” rating in a report on Thursday, December 21st. HSBC initiated coverage on shares of Caterpillar in a report on Monday, November 20th. They issued a “hold” rating and a $250.00 price target on the stock. Truist Financial initiated coverage on shares of Caterpillar in a report on Thursday, March 14th. They issued a “buy” rating and a $390.00 price target on the stock. Evercore ISI downgraded shares of Caterpillar from an “outperform” rating to an “in-line” rating and boosted their price target for the stock from $321.00 to $338.00 in a report on Tuesday, February 20th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Caterpillar from $345.00 to $385.00 and gave the company an “overweight” rating in a report on Tuesday, February 6th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $297.89.

Get Our Latest Stock Report on CAT

Insider Buying and Selling

In other Caterpillar news, insider Lange Bob De sold 21,194 shares of the stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $325.52, for a total transaction of $6,899,070.88. Following the transaction, the insider now directly owns 61,092 shares in the company, valued at $19,886,667.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Caterpillar news, Director David Maclennan purchased 350 shares of Caterpillar stock in a transaction on Friday, February 23rd. The shares were acquired at an average cost of $323.37 per share, for a total transaction of $113,179.50. Following the completion of the transaction, the director now directly owns 5,238 shares of the company’s stock, valued at $1,693,812.06. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, insider Lange Bob De sold 21,194 shares of the stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $325.52, for a total value of $6,899,070.88. Following the sale, the insider now directly owns 61,092 shares of the company’s stock, valued at approximately $19,886,667.84. The disclosure for this sale can be found here. Over the last three months, insiders have sold 45,769 shares of company stock worth $14,509,306. Insiders own 0.33% of the company’s stock.

Caterpillar Stock Up 1.4 %

CAT stock opened at $351.90 on Tuesday. The company has a current ratio of 1.35, a quick ratio of 0.87 and a debt-to-equity ratio of 1.25. The company’s 50 day moving average is $315.75 and its 200 day moving average is $283.52. The stock has a market cap of $175.74 billion, a price-to-earnings ratio of 17.47, a price-to-earnings-growth ratio of 1.66 and a beta of 1.16. Caterpillar Inc. has a 1-year low of $204.04 and a 1-year high of $353.34.

Caterpillar (NYSE:CATGet Free Report) last posted its quarterly earnings data on Monday, February 5th. The industrial products company reported $5.23 earnings per share for the quarter, topping the consensus estimate of $4.76 by $0.47. The company had revenue of $17.07 billion for the quarter, compared to analysts’ expectations of $17.06 billion. Caterpillar had a net margin of 15.41% and a return on equity of 56.99%. Caterpillar’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period in the prior year, the business earned $3.86 earnings per share. Sell-side analysts predict that Caterpillar Inc. will post 21.25 EPS for the current fiscal year.

About Caterpillar

(Free Report)

Caterpillar Inc manufactures and sells construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives in worldwide. Its Construction Industries segment offers asphalt pavers, compactors, road reclaimers, forestry machines, cold planers, material handlers, track-type tractors, excavators, telehandlers, motor graders, and pipelayers; compact track, wheel, track-type, backhoe, and skid steer loaders; and related parts and tools.

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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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