Caterpillar Inc. (NYSE:CAT) Stake Reduced by TIAA Trust National Association

TIAA Trust National Association reduced its stake in shares of Caterpillar Inc. (NYSE:CATFree Report) by 2.0% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 20,351 shares of the industrial products company’s stock after selling 407 shares during the period. TIAA Trust National Association’s holdings in Caterpillar were worth $6,017,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the stock. FAS Wealth Partners Inc. grew its stake in Caterpillar by 6.8% during the 4th quarter. FAS Wealth Partners Inc. now owns 12,104 shares of the industrial products company’s stock worth $3,579,000 after buying an additional 770 shares during the last quarter. Princeton Global Asset Management LLC grew its stake in Caterpillar by 1.2% during the 4th quarter. Princeton Global Asset Management LLC now owns 4,236 shares of the industrial products company’s stock worth $1,252,000 after buying an additional 51 shares during the last quarter. Drive Wealth Management LLC grew its stake in Caterpillar by 4.0% during the 4th quarter. Drive Wealth Management LLC now owns 2,601 shares of the industrial products company’s stock worth $769,000 after buying an additional 99 shares during the last quarter. Holland Advisory Services Inc. grew its stake in Caterpillar by 8.8% during the 4th quarter. Holland Advisory Services Inc. now owns 856 shares of the industrial products company’s stock worth $253,000 after buying an additional 69 shares during the last quarter. Finally, Fusion Capital LLC grew its stake in shares of Caterpillar by 1.8% in the fourth quarter. Fusion Capital LLC now owns 25,181 shares of the industrial products company’s stock worth $7,445,000 after purchasing an additional 440 shares in the last quarter. 70.98% of the stock is currently owned by institutional investors.

Caterpillar Trading Up 0.3 %

Shares of NYSE CAT opened at $364.97 on Wednesday. Caterpillar Inc. has a 12 month low of $204.04 and a 12 month high of $367.93. The company has a market cap of $182.27 billion, a price-to-earnings ratio of 18.12, a P/E/G ratio of 1.74 and a beta of 1.17. 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 business has a fifty day simple moving average of $331.80 and a 200-day simple moving average of $289.64.

Caterpillar (NYSE:CATGet Free Report) last announced its earnings results on Monday, February 5th. The industrial products company reported $5.23 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $17.06 billion. During the same period in the prior year, the business posted $3.86 earnings per share. Caterpillar’s revenue was up 2.8% compared to the same quarter last year. Sell-side analysts predict that Caterpillar Inc. will post 21.25 EPS for the current year.

Insider Activity

In related news, CFO Andrew R. J. Bonfield sold 10,000 shares of the stock in a transaction dated 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 completion of the sale, the chief financial officer now directly owns 67,317 shares of the company’s stock, valued at approximately $20,197,792.68. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, insider Lange Bob De sold 21,194 shares of the stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $325.52, for a total value of $6,899,070.88. Following the completion of the sale, the insider now directly owns 61,092 shares of the company’s stock, valued at approximately $19,886,667.84. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the stock in a transaction dated 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 completion of the sale, the chief financial officer now directly owns 67,317 shares of the company’s stock, valued at $20,197,792.68. The disclosure for this sale can be found here. Insiders sold a total of 45,769 shares of company stock valued at $14,509,306 over the last three months. Insiders own 0.33% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Stifel Nicolaus increased their price target on Caterpillar from $285.00 to $293.00 and gave the stock a “buy” rating in a research note on Tuesday, December 19th. The Goldman Sachs Group increased their price target on Caterpillar from $274.00 to $357.00 and gave the stock a “buy” rating in a research note on Tuesday, February 6th. Morgan Stanley assumed coverage on Caterpillar in a research note on Monday, January 8th. They issued an “equal weight” rating and a $270.00 price target for the company. Truist Financial assumed coverage on Caterpillar in a research note on Thursday, March 14th. They issued a “buy” rating and a $390.00 price target for the company. Finally, Citigroup increased their price target on Caterpillar from $255.00 to $340.00 and gave the stock a “neutral” rating in a research note on Monday, February 12th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $297.89.

View Our Latest Stock Analysis on CAT

Caterpillar Company 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.

See Also

Want to see what other hedge funds are holding CAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Caterpillar Inc. (NYSE:CATFree Report).

Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

Receive News & Ratings for Caterpillar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Caterpillar and related companies with MarketBeat.com's FREE daily email newsletter.