Tumwater Wealth Management LLC Makes New $459,000 Investment in Caterpillar Inc. (NYSE:CAT)

Tumwater Wealth Management LLC bought a new position in Caterpillar Inc. (NYSE:CAT - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,266 shares of the industrial products company's stock, valued at approximately $459,000. Caterpillar comprises about 0.2% of Tumwater Wealth Management LLC's investment portfolio, making the stock its 20th largest position.

A number of other large investors have also made changes to their positions in the company. FSM Wealth Advisors LLC boosted its position in Caterpillar by 3.8% in the fourth quarter. FSM Wealth Advisors LLC now owns 688 shares of the industrial products company's stock valued at $262,000 after buying an additional 25 shares during the last quarter. Allen Capital Group LLC boosted its holdings in shares of Caterpillar by 0.6% in the 4th quarter. Allen Capital Group LLC now owns 4,247 shares of the industrial products company's stock valued at $1,541,000 after acquiring an additional 26 shares during the last quarter. Wagner Wealth Management LLC increased its stake in shares of Caterpillar by 4.0% in the fourth quarter. Wagner Wealth Management LLC now owns 668 shares of the industrial products company's stock worth $242,000 after acquiring an additional 26 shares during the period. Channel Wealth LLC lifted its position in Caterpillar by 1.9% during the fourth quarter. Channel Wealth LLC now owns 1,468 shares of the industrial products company's stock valued at $533,000 after purchasing an additional 27 shares during the period. Finally, Total Clarity Wealth Management Inc. boosted its holdings in Caterpillar by 0.6% in the fourth quarter. Total Clarity Wealth Management Inc. now owns 4,373 shares of the industrial products company's stock valued at $1,586,000 after purchasing an additional 27 shares during the last quarter. 70.98% of the stock is currently owned by institutional investors.

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Caterpillar Trading Down 0.7 %

Shares of CAT traded down $2.53 during midday trading on Thursday, hitting $336.09. 2,781,185 shares of the stock were exchanged, compared to its average volume of 2,432,811. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.89 and a current ratio of 1.42. The firm has a market cap of $160.63 billion, a P/E ratio of 15.23, a P/E/G ratio of 1.87 and a beta of 1.15. Caterpillar Inc. has a 52-week low of $307.05 and a 52-week high of $418.50. The stock has a fifty day simple moving average of $359.41 and a 200 day simple moving average of $372.23.

Caterpillar (NYSE:CAT - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The industrial products company reported $5.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.97 by $0.17. Caterpillar had a return on equity of 58.18% and a net margin of 16.65%. On average, research analysts anticipate that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Citigroup boosted their price objective on Caterpillar from $420.00 to $430.00 and gave the company a "buy" rating in a report on Friday, January 31st. JPMorgan Chase & Co. decreased their price target on Caterpillar from $515.00 to $490.00 and set an "overweight" rating for the company in a report on Friday, January 31st. Bank of America dropped their price objective on shares of Caterpillar from $452.00 to $414.00 and set a "buy" rating on the stock in a research note on Friday, January 31st. Morgan Stanley lowered their price target on shares of Caterpillar from $330.00 to $300.00 and set an "underweight" rating on the stock in a report on Friday, January 31st. Finally, Jefferies Financial Group lifted their price objective on shares of Caterpillar from $455.00 to $475.00 and gave the company a "buy" rating in a report on Friday, December 6th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $383.80.

Insider Buying and Selling

In related news, CFO Andrew R. J. Bonfield sold 10,000 shares of the company's stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $380.09, for a total value of $3,800,900.00. Following the completion of the sale, the chief financial officer now owns 45,182 shares in the company, valued at $17,173,226.38. This represents a 18.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jason Kaiser sold 2,425 shares of the firm's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $354.70, for a total value of $860,147.50. Following the transaction, the insider now directly owns 6,275 shares in the company, valued at approximately $2,225,742.50. This represents a 27.87 % decrease in their position. The disclosure for this sale can be found here. 0.29% of the stock is owned by company insiders.

Caterpillar Company Profile

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.