Caterpillar Inc. (NYSE:CAT) Stake Boosted by Mayflower Financial Advisors LLC

Mayflower Financial Advisors LLC grew its position in Caterpillar Inc. (NYSE:CATFree Report) by 3.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,047 shares of the industrial products company’s stock after buying an additional 134 shares during the quarter. Mayflower Financial Advisors LLC’s holdings in Caterpillar were worth $1,197,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Cornerstone Wealth Management LLC grew its holdings in shares of Caterpillar by 1.0% during the fourth quarter. Cornerstone Wealth Management LLC now owns 3,507 shares of the industrial products company’s stock valued at $1,037,000 after buying an additional 36 shares in the last quarter. ACT Wealth Management LLC increased its holdings in shares of Caterpillar by 4.3% in the 4th quarter. ACT Wealth Management LLC now owns 877 shares of the industrial products company’s stock valued at $259,000 after purchasing an additional 36 shares during the period. Farther Finance Advisors LLC boosted its holdings in shares of Caterpillar by 6.6% during the second quarter. Farther Finance Advisors LLC now owns 595 shares of the industrial products company’s stock worth $146,000 after purchasing an additional 37 shares during the period. Patriot Financial Group Insurance Agency LLC grew its position in Caterpillar by 2.0% during the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 1,893 shares of the industrial products company’s stock valued at $560,000 after purchasing an additional 37 shares in the last quarter. Finally, Elwood & Goetz Wealth Advisory Group LLC increased its stake in Caterpillar by 2.0% in the 4th quarter. Elwood & Goetz Wealth Advisory Group LLC now owns 1,916 shares of the industrial products company’s stock valued at $567,000 after buying an additional 38 shares during the period. Institutional investors and hedge funds own 70.98% of the company’s stock.

Wall Street Analysts Forecast Growth

CAT has been the topic of several research analyst reports. Evercore ISI cut shares of Caterpillar from an “outperform” rating to an “in-line” rating and boosted their price target for the company from $321.00 to $338.00 in a report on Tuesday, February 20th. Stifel Nicolaus increased their price objective on Caterpillar from $285.00 to $293.00 and gave the company a “buy” rating in a research report on Tuesday, December 19th. Wells Fargo & Company upped their price target on Caterpillar from $290.00 to $325.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 6th. The Goldman Sachs Group boosted their target price on Caterpillar from $274.00 to $357.00 and gave the stock a “buy” rating in a report on Tuesday, February 6th. Finally, Sanford C. Bernstein boosted their target price on shares of Caterpillar from $216.00 to $245.00 and gave the stock a “market perform” rating in a research note on Thursday, December 21st. 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 MarketBeat, Caterpillar currently has a consensus rating of “Hold” and a consensus target price of $297.89.

View Our Latest Stock Analysis on CAT

Caterpillar Trading Up 0.5 %

NYSE CAT opened at $366.43 on Monday. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.35 and a quick ratio of 0.87. The stock’s 50-day moving average is $328.78 and its 200-day moving average is $288.37. Caterpillar Inc. has a one year low of $204.04 and a one year high of $367.22. The firm has a market cap of $183.00 billion, a P/E ratio of 18.19, a P/E/G ratio of 1.75 and a beta of 1.17.

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, beating the consensus estimate of $4.76 by $0.47. The company had revenue of $17.07 billion during 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%. The business’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.86 earnings per share. Sell-side analysts anticipate that Caterpillar Inc. will post 21.25 earnings per share for the current fiscal year.

Insider Activity

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

Caterpillar Profile

(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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