Caterpillar Inc. (NYSE:CAT) Shares Acquired by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. boosted its holdings in Caterpillar Inc. (NYSE:CATFree Report) by 3.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 325,990 shares of the industrial products company’s stock after purchasing an additional 9,419 shares during the quarter. Raymond James Financial Services Advisors Inc. owned about 0.06% of Caterpillar worth $96,385,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. BCK Partners Inc. acquired a new position in Caterpillar in the first quarter valued at $2,580,000. Sei Investments Co. boosted its position in shares of Caterpillar by 17.3% in the 1st quarter. Sei Investments Co. now owns 65,643 shares of the industrial products company’s stock valued at $14,634,000 after purchasing an additional 9,695 shares during the period. Dakota Wealth Management purchased a new position in Caterpillar during the 1st quarter worth approximately $405,000. Mather Group LLC. lifted its stake in Caterpillar by 6.8% in the first quarter. Mather Group LLC. now owns 2,592 shares of the industrial products company’s stock valued at $577,000 after buying an additional 165 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its holdings in shares of Caterpillar by 4.4% in the first quarter. NewEdge Advisors LLC now owns 49,705 shares of the industrial products company’s stock valued at $11,075,000 after acquiring an additional 2,076 shares during the period. 70.98% of the stock is currently owned by hedge funds and other institutional investors.

Caterpillar Stock Down 1.8 %

CAT stock opened at $358.11 on Monday. Caterpillar Inc. has a 52 week low of $204.04 and a 52 week high of $365.52. 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 has a market cap of $178.84 billion, a P/E ratio of 17.78, a P/E/G ratio of 1.71 and a beta of 1.16. The company’s 50-day moving average price is $321.04 and its 200 day moving average price is $285.60.

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

Analysts Set New Price Targets

Several research firms recently commented on CAT. Morgan Stanley started coverage on shares of Caterpillar in a research report on Monday, January 8th. They issued an “equal weight” rating and a $270.00 price target for the company. StockNews.com cut shares of Caterpillar from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 20th. Truist Financial assumed coverage on Caterpillar in a report on Thursday, March 14th. They set a “buy” rating and a $390.00 price target on the stock. Evercore ISI downgraded Caterpillar from an “outperform” rating to an “in-line” rating and upped their price objective for the company from $321.00 to $338.00 in a research note on Tuesday, February 20th. Finally, Robert W. Baird lifted their target price on Caterpillar from $210.00 to $257.00 and gave the company an “underperform” rating in a research note on Tuesday, February 6th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $297.89.

Read Our Latest Stock Report on Caterpillar

Insider Transactions at Caterpillar

In related news, insider Anthony D. Fassino sold 4,575 shares of the stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $329.80, for a total value of $1,508,835.00. Following the sale, the insider now directly owns 23,474 shares of the company’s stock, valued at approximately $7,741,725.20. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, CFO Andrew R. J. Bonfield sold 10,000 shares of the company’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $310.10, for a total value of $3,101,000.00. Following the sale, the chief financial officer now directly owns 57,317 shares in the company, valued at $17,774,001.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Anthony D. Fassino sold 4,575 shares of the business’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $329.80, for a total transaction of $1,508,835.00. Following the completion of the transaction, the insider now directly owns 23,474 shares of the company’s stock, valued at approximately $7,741,725.20. The disclosure for this sale can be found here. Insiders sold 45,769 shares of company stock valued at $14,509,306 in the last 90 days. 0.33% of the stock is currently owned by insiders.

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.

See Also

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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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