Encompass Wealth Advisors LLC Invests $41,000 in Caterpillar Inc. (NYSE:CAT)

Encompass Wealth Advisors LLC bought a new position in shares of Caterpillar Inc. (NYSE:CAT) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 225 shares of the industrial products company’s stock, valued at approximately $41,000.

Other institutional investors have also added to or reduced their stakes in the company. HBC Financial Services PLLC bought a new position in shares of Caterpillar in the 4th quarter valued at about $31,000. Flagship Private Wealth LLC acquired a new position in Caterpillar during the fourth quarter worth approximately $32,000. Wolff Wiese Magana LLC bought a new stake in Caterpillar in the fourth quarter valued at approximately $33,000. Oder Investment Management LLC acquired a new stake in shares of Caterpillar in the fourth quarter valued at approximately $34,000. Finally, RWM Asset Management LLC bought a new stake in Caterpillar in the 4th quarter valued at $36,000. 67.48% of the stock is owned by institutional investors and hedge funds.

CAT opened at $230.41 on Thursday. The company’s 50-day simple moving average is $222.41 and its two-hundred day simple moving average is $186.67. The company has a debt-to-equity ratio of 1.74, a quick ratio of 1.08 and a current ratio of 1.54. The stock has a market capitalization of $125.64 billion, a P/E ratio of 38.34, a P/E/G ratio of 2.14 and a beta of 0.97. Caterpillar Inc. has a 52-week low of $100.22 and a 52-week high of $237.78.

Caterpillar (NYSE:CAT) last issued its quarterly earnings data on Thursday, January 28th. The industrial products company reported $2.12 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.49 by $0.63. Caterpillar had a net margin of 7.60% and a return on equity of 25.24%. The company had revenue of $11.24 billion for the quarter, compared to the consensus estimate of $11.24 billion. During the same quarter in the prior year, the firm earned $2.63 earnings per share. The firm’s revenue for the quarter was down 14.5% compared to the same quarter last year. Research analysts forecast that Caterpillar Inc. will post 5.44 EPS for the current fiscal year.

CAT has been the subject of a number of research analyst reports. Vertical Research started coverage on shares of Caterpillar in a research report on Wednesday, January 20th. They set a “buy” rating and a $230.00 price objective for the company. Credit Suisse Group lifted their target price on shares of Caterpillar from $228.00 to $235.00 and gave the stock an “outperform” rating in a research note on Monday, February 1st. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell raised their price objective on Caterpillar from $205.00 to $245.00 in a research note on Tuesday, March 16th. Morgan Stanley upped their price objective on shares of Caterpillar from $154.00 to $158.00 and gave the stock an “underweight” rating in a report on Monday, February 1st. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Caterpillar from $205.00 to $237.00 and gave the company an “overweight” rating in a report on Wednesday, March 3rd. Four analysts have rated the stock with a sell rating, twelve have assigned a hold rating and ten have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $182.05.

In other Caterpillar news, CAO Gary Michael Marvel sold 5,056 shares of the stock in a transaction on Monday, March 8th. The shares were sold at an average price of $220.97, for a total transaction of $1,117,224.32. Following the completion of the transaction, the chief accounting officer now owns 5,623 shares in the company, valued at $1,242,514.31. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Suzette M. Long sold 59,311 shares of the company’s stock in a transaction dated Monday, March 8th. The shares were sold at an average price of $219.67, for a total transaction of $13,028,847.37. Following the sale, the general counsel now owns 33,320 shares in the company, valued at $7,319,404.40. The disclosure for this sale can be found here. Insiders have sold 149,080 shares of company stock worth $32,650,920 over the last quarter. 0.31% of the stock is owned by company insiders.

Caterpillar Company Profile

Caterpillar Inc manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives worldwide. Its Construction Industries segment offers asphalt pavers, compactors, cold planers, motorgraders, pipelayers, road reclaimers, telehandlers, and utility vehicles; backhoe, compact track, multi-terrain, skid steer, and track-type loaders; forestry and wheel excavators; and site prep and track-type tractors.

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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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