Caterpillar Inc. (NYSE:CAT) Shares Sold by Perfromance Wealth Partners LLC

Perfromance Wealth Partners LLC decreased its holdings in Caterpillar Inc. (NYSE:CATFree Report) by 7.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,696 shares of the industrial products company’s stock after selling 1,482 shares during the quarter. Perfromance Wealth Partners LLC’s holdings in Caterpillar were worth $5,528,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Atlas Capital Advisors LLC raised its position in shares of Caterpillar by 272.4% in the 1st quarter. Atlas Capital Advisors LLC now owns 108 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 79 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its position in shares of Caterpillar by 730.8% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 108 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 95 shares in the last quarter. Gilfoyle & Co LLC acquired a new position in shares of Caterpillar in the 4th quarter valued at approximately $30,000. First Capital Advisors Group LLC. acquired a new stake in shares of Caterpillar during the 2nd quarter valued at approximately $30,000. Finally, CGC Financial Services LLC acquired a new stake in shares of Caterpillar during the 2nd quarter valued at approximately $31,000. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Caterpillar Trading Down 0.8 %

Shares of CAT opened at $363.64 on Tuesday. The company has a quick ratio of 0.87, a current ratio of 1.35 and a debt-to-equity ratio of 1.25. Caterpillar Inc. has a 12-month low of $204.04 and a 12-month high of $367.93. The firm has a market capitalization of $181.60 billion, a PE ratio of 18.06, a price-to-earnings-growth ratio of 1.75 and a beta of 1.17. The stock’s fifty day simple moving average is $330.28 and its 200-day simple moving average is $289.03.

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

Insider Transactions at Caterpillar

In other Caterpillar news, insider Lange Bob De sold 21,194 shares of Caterpillar 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 transaction, the insider now owns 61,092 shares of the company’s stock, valued at $19,886,667.84. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, insider Lange Bob De sold 21,194 shares of the business’s stock in a transaction 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 owns 61,092 shares of the company’s stock, valued at $19,886,667.84. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Anthony D. Fassino sold 4,575 shares of the business’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $329.80, for a total transaction of $1,508,835.00. Following the completion of the sale, the insider now directly owns 23,474 shares in the company, valued at approximately $7,741,725.20. The disclosure for this sale can be found here. Insiders have sold a total of 45,769 shares of company stock valued at $14,509,306 over the last 90 days. 0.33% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on CAT shares. Wells Fargo & Company increased their price target on Caterpillar from $290.00 to $325.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 6th. JPMorgan Chase & Co. upped their target price on Caterpillar from $345.00 to $385.00 and gave the company an “overweight” rating in a report on Tuesday, February 6th. Evercore ISI lowered Caterpillar from an “outperform” rating to an “in-line” rating and raised their price objective for the stock from $321.00 to $338.00 in a research report on Tuesday, February 20th. TD Cowen lifted their price target on Caterpillar from $300.00 to $338.00 and gave the company an “outperform” rating in a report on Tuesday, February 6th. Finally, Stifel Nicolaus raised their price objective on Caterpillar from $285.00 to $293.00 and gave the company a “buy” rating in a research note on Tuesday, December 19th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, Caterpillar has an average rating of “Hold” and a consensus price target of $297.89.

Check Out Our Latest Analysis on CAT

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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