Gofen & Glossberg LLC IL boosted its holdings in shares of Caterpillar Inc. (NYSE:CAT – Get Rating) by 2.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,590 shares of the industrial products company's stock after buying an additional 1,710 shares during the period. Gofen & Glossberg LLC IL's holdings in Caterpillar were worth $14,754,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also modified their holdings of CAT. Ironwood Investment Counsel LLC lifted its position in shares of Caterpillar by 1.5% in the third quarter. Ironwood Investment Counsel LLC now owns 3,355 shares of the industrial products company's stock valued at $550,000 after acquiring an additional 48 shares in the last quarter. EWG Elevate Inc. purchased a new stake in shares of Caterpillar in the 4th quarter valued at approximately $75,000. First Citizens Bank & Trust Co. lifted its position in shares of Caterpillar by 31.8% during the 3rd quarter. First Citizens Bank & Trust Co. now owns 11,799 shares of the industrial products company's stock worth $1,936,000 after buying an additional 2,850 shares during the last quarter. Cladis Investment Advisory LLC boosted its holdings in shares of Caterpillar by 3.5% in the 3rd quarter. Cladis Investment Advisory LLC now owns 4,483 shares of the industrial products company's stock valued at $736,000 after buying an additional 150 shares in the last quarter. Finally, Fayez Sarofim & Co boosted its stake in Caterpillar by 2.0% during the 3rd quarter. Fayez Sarofim & Co now owns 35,479 shares of the industrial products company's stock worth $5,822,000 after purchasing an additional 691 shares during the period. 68.02% of the stock is owned by institutional investors and hedge funds.Get Caterpillar alerts:
Analyst Upgrades and Downgrades
CAT has been the subject of a number of research analyst reports. Robert W. Baird downgraded shares of Caterpillar from an "outperform" rating to a "neutral" rating and cut their price target for the company from $290.00 to $230.00 in a report on Monday, February 13th. Wells Fargo & Company lifted their price objective on shares of Caterpillar from $228.00 to $240.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 1st. BMO Capital Markets upped their price target on shares of Caterpillar from $210.00 to $230.00 in a report on Tuesday, February 7th. StockNews.com initiated coverage on shares of Caterpillar in a report on Thursday, March 16th. They set a "buy" rating on the stock. Finally, Barclays increased their target price on shares of Caterpillar from $200.00 to $225.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 1st. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $241.00.
Insider Buying and Selling
In other news, Director David Maclennan bought 400 shares of the company's stock in a transaction on Friday, February 17th. The stock was purchased at an average cost of $249.29 per share, for a total transaction of $99,716.00. Following the completion of the transaction, the director now owns 3,709 shares of the company's stock, valued at $924,616.61. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. In other Caterpillar news, Director David Maclennan bought 400 shares of the firm's stock in a transaction that occurred on Friday, February 17th. The stock was acquired at an average price of $249.29 per share, with a total value of $99,716.00. Following the completion of the purchase, the director now directly owns 3,709 shares of the company's stock, valued at approximately $924,616.61. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Daniel M. Dickinson sold 6,070 shares of the firm's stock in a transaction that occurred on Monday, February 6th. The stock was sold at an average price of $251.22, for a total value of $1,524,905.40. Following the sale, the director now directly owns 5,038 shares of the company's stock, valued at approximately $1,265,646.36. The disclosure for this sale can be found here. Insiders sold a total of 90,984 shares of company stock worth $22,519,893 in the last ninety days. 0.27% of the stock is owned by insiders.
Caterpillar Stock Performance
CAT traded up $4.31 during trading hours on Tuesday, reaching $224.62. The company's stock had a trading volume of 1,214,490 shares, compared to its average volume of 3,437,374. Caterpillar Inc. has a 52 week low of $160.60 and a 52 week high of $266.04. The company's 50-day moving average is $245.67 and its 200-day moving average is $222.81. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.87 and a current ratio of 1.39. The firm has a market cap of $115.98 billion, a PE ratio of 17.42, a price-to-earnings-growth ratio of 1.14 and a beta of 1.11.
Caterpillar (NYSE:CAT – Get Rating) last issued its quarterly earnings data on Tuesday, January 31st. The industrial products company reported $3.86 EPS for the quarter, missing analysts' consensus estimates of $3.95 by ($0.09). The firm had revenue of $16.60 billion during the quarter, compared to analyst estimates of $15.84 billion. Caterpillar had a net margin of 11.28% and a return on equity of 45.61%. The business's quarterly revenue was up 20.3% compared to the same quarter last year. During the same period in the prior year, the company earned $2.69 earnings per share. On average, equities analysts forecast that Caterpillar Inc. will post 15.67 EPS for the current year.
Caterpillar Company Profile
Caterpillar, Inc engages in the manufacture of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. It operates through the following segments: Construction Industries, Resource Industries, Energy and Transportation, Financial Products, and All Other.
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