Caterpillar Inc. (NYSE:CAT) Shares Sold by Colonial River Wealth Management LLC

Colonial River Wealth Management LLC cut its position in Caterpillar Inc. (NYSE:CATFree Report) by 23.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 765 shares of the industrial products company’s stock after selling 239 shares during the quarter. Colonial River Wealth Management LLC’s holdings in Caterpillar were worth $226,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Atlas Capital Advisors LLC lifted its position in Caterpillar by 272.4% during the 1st quarter. Atlas Capital Advisors LLC now owns 108 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 79 shares during the period. Kayne Anderson Rudnick Investment Management LLC lifted its position in Caterpillar by 730.8% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 108 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 95 shares during the period. Gilfoyle & Co LLC acquired a new stake in Caterpillar during the 4th quarter worth approximately $30,000. First Capital Advisors Group LLC. purchased a new position in shares of Caterpillar during the 2nd quarter worth approximately $30,000. Finally, CGC Financial Services LLC purchased a new position in shares of Caterpillar during the 2nd quarter worth approximately $31,000. 70.98% of the stock is owned by institutional investors and hedge funds.

Caterpillar Price Performance

CAT stock opened at $364.97 on Wednesday. Caterpillar Inc. has a 52-week low of $204.04 and a 52-week high of $367.93. The stock’s fifty day simple moving average is $331.80 and its 200-day simple moving average is $289.64. The company has a quick ratio of 0.87, a current ratio of 1.35 and a debt-to-equity ratio of 1.25. The stock has a market capitalization of $182.27 billion, a price-to-earnings ratio of 18.12, a price-to-earnings-growth ratio of 1.74 and a beta of 1.17.

Caterpillar (NYSE:CATGet Free Report) last posted its quarterly earnings data on Monday, February 5th. The industrial products company reported $5.23 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $17.06 billion. During the same quarter last year, the firm earned $3.86 earnings per share. The business’s revenue was up 2.8% on a year-over-year basis. Equities research analysts expect that Caterpillar Inc. will post 21.25 EPS for the current year.

Insider Activity at Caterpillar

In related news, CFO Andrew R. J. Bonfield sold 10,000 shares of Caterpillar stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $300.04, for a total value of $3,000,400.00. Following the transaction, the chief financial officer now owns 67,317 shares in the company, valued at $20,197,792.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CFO Andrew R. J. Bonfield sold 10,000 shares of Caterpillar stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $300.04, for a total value of $3,000,400.00. Following the transaction, the chief financial officer now owns 67,317 shares in the company, valued at $20,197,792.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Lange Bob De sold 21,194 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the insider now directly owns 61,092 shares in the company, valued at $19,886,667.84. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 45,769 shares of company stock worth $14,509,306. 0.33% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Morgan Stanley assumed coverage on Caterpillar in a research note on Monday, January 8th. They set an “equal weight” rating and a $270.00 target price for the company. Sanford C. Bernstein increased their target price on Caterpillar from $216.00 to $245.00 and gave the stock a “market perform” rating in a research note on Thursday, December 21st. Robert W. Baird raised their price objective on Caterpillar from $210.00 to $257.00 and gave the company an “underperform” rating in a research note on Tuesday, February 6th. Truist Financial initiated coverage on Caterpillar in a research note on Thursday, March 14th. They issued a “buy” rating and a $390.00 price objective for the company. Finally, JPMorgan Chase & Co. raised their price objective on Caterpillar from $345.00 to $385.00 and gave the company an “overweight” rating in a research note on Tuesday, February 6th. 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 MarketBeat, Caterpillar presently has an average rating of “Hold” and an average price target of $297.89.

View Our Latest Stock 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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