Nicolet Bankshares Inc. Boosts Stock Position in Caterpillar Inc. $CAT

Nicolet Bankshares Inc. grew its position in shares of Caterpillar Inc. (NYSE:CAT) by 25.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,320 shares of the industrial products company’s stock after purchasing an additional 876 shares during the quarter. Nicolet Bankshares Inc.’s holdings in Caterpillar were worth $2,061,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. WealthShield Partners LLC grew its position in Caterpillar by 1.6% during the third quarter. WealthShield Partners LLC now owns 1,122 shares of the industrial products company’s stock valued at $535,000 after acquiring an additional 18 shares during the last quarter. one8zero8 LLC raised its stake in shares of Caterpillar by 3.2% during the third quarter. one8zero8 LLC now owns 619 shares of the industrial products company’s stock worth $295,000 after acquiring an additional 19 shares in the last quarter. Abacus Planning Group Inc. lifted its holdings in shares of Caterpillar by 0.6% in the 3rd quarter. Abacus Planning Group Inc. now owns 3,214 shares of the industrial products company’s stock worth $1,534,000 after acquiring an additional 20 shares during the last quarter. Cyr Financial Inc. boosted its stake in shares of Caterpillar by 2.5% in the 3rd quarter. Cyr Financial Inc. now owns 811 shares of the industrial products company’s stock valued at $387,000 after purchasing an additional 20 shares in the last quarter. Finally, Perennial Investment Advisors LLC grew its holdings in shares of Caterpillar by 1.2% during the 3rd quarter. Perennial Investment Advisors LLC now owns 1,719 shares of the industrial products company’s stock valued at $821,000 after purchasing an additional 20 shares during the last quarter. Institutional investors own 70.98% of the company’s stock.

Caterpillar Price Performance

Shares of Caterpillar stock opened at $693.89 on Friday. The company’s fifty day simple moving average is $693.92 and its two-hundred day simple moving average is $583.93. Caterpillar Inc. has a 12-month low of $267.30 and a 12-month high of $789.81. The firm has a market cap of $322.86 billion, a PE ratio of 36.87, a price-to-earnings-growth ratio of 1.65 and a beta of 1.54. The company has a quick ratio of 0.94, a current ratio of 1.44 and a debt-to-equity ratio of 1.44.

Caterpillar (NYSE:CAT) last issued its quarterly earnings data on Thursday, January 29th. The industrial products company reported $5.16 EPS for the quarter, beating the consensus estimate of $4.67 by $0.49. The firm had revenue of $19.13 billion during the quarter, compared to the consensus estimate of $17.81 billion. Caterpillar had a net margin of 13.14% and a return on equity of 45.76%. The company’s quarterly revenue was up 17.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $5.14 earnings per share. As a group, equities analysts expect that Caterpillar Inc. will post 19.86 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts recently commented on CAT shares. Argus lifted their target price on shares of Caterpillar from $625.00 to $820.00 and gave the stock a “buy” rating in a research report on Wednesday, February 11th. Williams Trading set a $825.00 price objective on Caterpillar in a research note on Tuesday. Royal Bank Of Canada lifted their price objective on Caterpillar from $587.00 to $658.00 and gave the stock a “sector perform” rating in a report on Friday, January 30th. UBS Group reissued a “neutral” rating and issued a $677.00 target price on shares of Caterpillar in a research note on Monday, February 2nd. Finally, Truist Financial increased their target price on Caterpillar from $729.00 to $786.00 and gave the company a “buy” rating in a report on Monday, February 2nd. Sixteen equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $730.50.

Insider Activity at Caterpillar

In other news, insider Lange Bob De sold 22,656 shares of the business’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $720.11, for a total transaction of $16,314,812.16. Following the transaction, the insider directly owned 79,953 shares of the company’s stock, valued at approximately $57,574,954.83. The trade was a 22.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Denise C. Johnson sold 39,138 shares of the company’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $681.08, for a total value of $26,656,109.04. Following the transaction, the insider owned 43,350 shares of the company’s stock, valued at approximately $29,524,818. This represents a 47.45% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 135,950 shares of company stock worth $94,327,990 over the last 90 days. 0.33% of the stock is owned by insiders.

Caterpillar Profile

Caterpillar Inc is a global manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and locomotives. The company’s product portfolio includes earthmoving machines such as excavators, bulldozers, wheel loaders and off‑highway trucks, as well as a range of power generation products including generator sets and power systems for industrial and commercial use. Caterpillar serves customers across heavy construction, mining, energy, transportation and related industries with both equipment and integrated technology solutions.

In addition to manufacturing, Caterpillar provides a broad range of aftermarket parts and support services, including maintenance, repair, remanufacturing and fleet management tools.