A lot of different institutional buyers and hedge funds have additionally just lately modified their holdings of CAT. Cornerstone Wealth Management LLC grew its position in shares of Caterpillar by 1.0% within the fourth quarter. Cornerstone Wealth Management LLC now owns 3,507 shares of the economic merchandise firm’s inventory valued at $1,037,000 after buying an extra 36 shares within the final quarter. Farther Finance Advisors LLC grew its position in shares of Caterpillar by 6.6% within the second quarter. Farther Finance Advisors LLC now owns 595 shares of the economic merchandise firm’s inventory valued at $146,000 after buying an extra 37 shares within the final quarter. Cooper Haims Advisors LLC grew its position in shares of Caterpillar by 1.9% within the second quarter. Cooper Haims Advisors LLC now owns 2,010 shares of the economic merchandise firm’s inventory valued at $495,000 after buying an extra 38 shares within the final quarter. Caprock Group LLC grew its position in shares of Caterpillar by 0.4% within the third quarter. Caprock Group LLC now owns 9,891 shares of the economic merchandise firm’s inventory valued at $2,700,000 after buying an extra 39 shares within the final quarter. Finally, Webster Bank N. A. grew its position in shares of Caterpillar by 0.3% within the third quarter. Webster Bank N. A. now owns 14,639 shares of the economic merchandise firm’s inventory valued at $3,996,000 after buying an extra 40 shares within the final quarter. 69.20% of the inventory is owned by institutional buyers.
Insider Activity
In different Caterpillar information, Director David Maclennan bought 350 shares of the business’s inventory in a transaction on Friday, February twenty third. The shares had been purchased at a median cost of $323.37 per share, for a complete transaction of $113,179.50. Following the completion of the acquisition, the director now instantly owns 5,238 shares within the firm, valued at $1,693,812.06. The acquisition was disclosed in a submitting with the Securities & Exchange Commission, which is available at this hyperlink. In different Caterpillar information, Director David Maclennan bought 350 shares of the business’s inventory in a transaction on Friday, February twenty third. The shares had been purchased at a median cost of $323.37 per share, for a complete transaction of $113,179.50. Following the completion of the acquisition, the director now instantly owns 5,238 shares within the firm, valued at $1,693,812.06. The acquisition was disclosed in a submitting with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Andrew R. J. Bonfield offered 10,000 shares of the agency’s inventory in a transaction on Friday, February 2nd. The shares had been offered at a median worth of $310.10, for a complete worth of $3,101,000.00. Following the completion of the sale, the chief monetary officer now owns 57,317 shares within the firm, valued at $17,774,001.70. The disclosure for this sale will be discovered right here. Over the final three months, insiders have offered 45,769 shares of firm inventory value $14,509,306. Corporate insiders personal 0.33% of the corporate’s inventory.
Caterpillar Stock Down 1.8 %
Shares of NYSE CAT opened at $358.11 on Friday. The inventory has a market cap of $178.84 billion, a P/E ratio of 17.78, a PEG ratio of 1.74 and a beta of 1.16. The firm has a present ratio of 1.35, a fast ratio of 0.87 and a debt-to-equity ratio of 1.25. Caterpillar Inc. has a 12-month low of $204.04 and a 12-month excessive of $365.52. The business’s fifty day easy shifting common is $321.04 and its 200-day easy shifting common is $285.58.
Caterpillar (NYSE:CAT – Get Free Report) final introduced its quarterly earnings information on Monday, February fifth. The industrial merchandise firm reported $5.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.76 by $0.47. The business had income of $17.07 billion for the quarter, in comparison with analysts’ expectations of $17.06 billion. Caterpillar had a return on fairness of 56.99% and a internet margin of 15.41%. The firm’s income for the quarter was up 2.8% in comparison with the identical quarter final yr. During the identical interval final yr, the agency earned $3.86 earnings per share. As a gaggle, equities analysts predict that Caterpillar Inc. will submit 21.25 EPS for the present fiscal yr.
Analysts Set New Price Targets
CAT has been the topic of a number of analyst reviews. Citigroup elevated their worth goal on Caterpillar from $255.00 to $340.00 and gave the inventory a “neutral” ranking in a analysis report on Monday, February twelfth. JPMorgan Chase & Co. elevated their worth goal on Caterpillar from $345.00 to $385.00 and gave the inventory an “overweight” ranking in a analysis report on Tuesday, February sixth. Evercore ISI lowered Caterpillar from an “outperform” ranking to an “in-line” ranking and elevated their worth goal for the inventory from $321.00 to $338.00 in a analysis report on Tuesday, February twentieth. Morgan Stanley initiated protection on Caterpillar in a analysis report on Monday, January eighth. They issued an “equal weight” ranking and a $270.00 worth goal for the corporate. Finally, The Goldman Sachs Group elevated their worth goal on Caterpillar from $274.00 to $357.00 and gave the inventory a “buy” ranking in a analysis report on Tuesday, February sixth. One analysis analyst has rated the inventory with a promote ranking, 9 have issued a maintain ranking and 9 have given a purchase ranking to the corporate’s inventory. According to information from MarketBeat.com, the corporate presently has a consensus ranking of “Hold” and a consensus goal worth of $297.89.
Read Our Latest Stock Analysis on CAT
Caterpillar Profile
(Free Report)
Caterpillar Inc manufactures and sells development and mining gear, off-highway diesel and pure fuel engines, industrial fuel generators, and diesel-electric locomotives in worldwide. Its Construction Industries section provides asphalt pavers, compactors, street reclaimers, forestry machines, chilly planers, materials handlers, track-type tractors, excavators, telehandlers, motor graders, and pipelayers; compact monitor, wheel, track-type, backhoe, and skid steer loaders; and associated elements and instruments.
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