First Financial Bank Trust Division Has $5.87 Million Holdings in Caterpillar Inc. (NYSE:CAT)

First Financial Bank Trust Division raised its stake in shares of Caterpillar Inc. (NYSE:CAT) by 8.7% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 25,331 shares of the industrial products company’s stock after purchasing an additional 2,035 shares during the quarter. First Financial Bank Trust Division’s holdings in Caterpillar were worth $5,874,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in CAT. Los Angeles Capital Management LLC increased its stake in Caterpillar by 0.4% in the fourth quarter. Los Angeles Capital Management LLC now owns 12,494 shares of the industrial products company’s stock valued at $2,274,000 after purchasing an additional 47 shares in the last quarter. WMS Partners LLC raised its stake in Caterpillar by 1.5% during the 4th quarter. WMS Partners LLC now owns 3,277 shares of the industrial products company’s stock worth $596,000 after buying an additional 50 shares during the period. MPS Loria Financial Planners LLC lifted its holdings in Caterpillar by 1.8% during the fourth quarter. MPS Loria Financial Planners LLC now owns 2,893 shares of the industrial products company’s stock worth $527,000 after acquiring an additional 52 shares in the last quarter. Front Row Advisors LLC grew its stake in Caterpillar by 12.7% in the third quarter. Front Row Advisors LLC now owns 488 shares of the industrial products company’s stock valued at $85,000 after acquiring an additional 55 shares during the period. Finally, LifeSteps Financial Inc. increased its holdings in shares of Caterpillar by 4.0% in the fourth quarter. LifeSteps Financial Inc. now owns 1,543 shares of the industrial products company’s stock worth $281,000 after acquiring an additional 59 shares in the last quarter. 67.48% of the stock is owned by institutional investors.

In other news, CAO Gary Michael Marvel sold 4,018 shares of the firm’s stock in a transaction dated Tuesday, February 2nd. The shares were sold at an average price of $190.76, for a total transaction of $766,473.68. Also, insider Denise C. Johnson sold 80,695 shares of Caterpillar stock in a transaction dated Monday, March 8th. The stock was sold at an average price of $219.82, for a total transaction of $17,738,374.90. Following the sale, the insider now directly owns 38,945 shares of the company’s stock, valued at approximately $8,560,889.90. The disclosure for this sale can be found here. Insiders sold 149,080 shares of company stock worth $32,650,920 in the last 90 days. Corporate insiders own 0.31% of the company’s stock.

A number of analysts recently issued reports on CAT shares. Vertical Research assumed coverage on Caterpillar in a research note on Wednesday, January 20th. They set a “buy” rating and a $230.00 target price for the company. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell raised their price objective on shares of Caterpillar from $205.00 to $245.00 in a report on Tuesday, March 16th. Morgan Stanley upped their target price on shares of Caterpillar from $154.00 to $158.00 and gave the stock an “underweight” rating in a research note on Monday, February 1st. JPMorgan Chase & Co. lifted their price target on Caterpillar from $205.00 to $237.00 and gave the company an “overweight” rating in a research note on Wednesday, March 3rd. Finally, BMO Capital Markets upped their price objective on Caterpillar from $135.00 to $190.00 and gave the stock a “market perform” rating in a research report on Monday, February 1st. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and ten have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $182.05.

NYSE CAT traded down $2.77 on Thursday, hitting $227.64. 25,638 shares of the stock were exchanged, compared to its average volume of 3,398,930. The company has a market capitalization of $124.13 billion, a PE ratio of 37.88, a P/E/G ratio of 2.14 and a beta of 0.97. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.54 and a quick ratio of 1.08. The business’s fifty day moving average is $222.41 and its 200 day moving average is $186.67. Caterpillar Inc. has a 52 week low of $100.22 and a 52 week high of $237.78.

Caterpillar (NYSE:CAT) last released its quarterly earnings data on Thursday, January 28th. The industrial products company reported $2.12 earnings per share for the quarter, topping the 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 analyst estimates of $11.24 billion. During the same period in the previous year, the business earned $2.63 EPS. Caterpillar’s revenue for the quarter was down 14.5% compared to the same quarter last year. Analysts predict that Caterpillar Inc. will post 5.44 EPS for the current fiscal year.

Caterpillar 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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