Maryland State Retirement & Pension System Has $9.58 Million Stock Holdings in Caterpillar Inc. (NYSE:CAT)

Maryland State Retirement & Pension System decreased its holdings in Caterpillar Inc. (NYSE:CAT - Free Report) by 6.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,404 shares of the industrial products company's stock after selling 1,797 shares during the period. Maryland State Retirement & Pension System's holdings in Caterpillar were worth $9,578,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of CAT. Intech Investment Management LLC boosted its holdings in Caterpillar by 31.6% in the fourth quarter. Intech Investment Management LLC now owns 231,142 shares of the industrial products company's stock worth $83,849,000 after purchasing an additional 55,564 shares in the last quarter. Generali Asset Management SPA SGR bought a new position in Caterpillar in the 4th quarter worth approximately $19,555,000. Evoke Wealth LLC increased its stake in Caterpillar by 31.2% during the fourth quarter. Evoke Wealth LLC now owns 3,243 shares of the industrial products company's stock valued at $1,176,000 after acquiring an additional 771 shares during the period. Horizon Investments LLC increased its stake in Caterpillar by 1.8% during the fourth quarter. Horizon Investments LLC now owns 8,267 shares of the industrial products company's stock valued at $2,988,000 after acquiring an additional 144 shares during the period. Finally, Carlson Capital Management bought a new stake in Caterpillar in the fourth quarter valued at about $219,000. Institutional investors and hedge funds own 70.98% of the company's stock.

Wall Street Analyst Weigh In

CAT has been the topic of a number of analyst reports. JPMorgan Chase & Co. lowered their target price on shares of Caterpillar from $515.00 to $490.00 and set an "overweight" rating on the stock in a research note on Friday, January 31st. StockNews.com lowered Caterpillar from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Citigroup raised their price objective on shares of Caterpillar from $420.00 to $430.00 and gave the company a "buy" rating in a research note on Friday, January 31st. UBS Group raised shares of Caterpillar from a "sell" rating to a "neutral" rating and raised their price objective for the company from $355.00 to $385.00 in a research note on Monday, February 3rd. Finally, Bank of America dropped their price objective on Caterpillar from $452.00 to $414.00 and set a "buy" rating on the stock in a research note on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, Caterpillar presently has a consensus rating of "Hold" and a consensus price target of $383.80.

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Insider Activity

In other Caterpillar news, CFO Andrew R. J. Bonfield sold 10,000 shares of the stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $380.09, for a total transaction of $3,800,900.00. Following the transaction, the chief financial officer now owns 45,182 shares in the company, valued at $17,173,226.38. This trade represents a 18.12 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Gerald Johnson acquired 100 shares of the stock in a transaction on Tuesday, February 4th. The shares were purchased at an average price of $365.57 per share, for a total transaction of $36,557.00. Following the transaction, the director now directly owns 3,053 shares in the company, valued at approximately $1,116,085.21. This trade represents a 3.39 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.29% of the company's stock.

Caterpillar Stock Down 0.2 %

CAT traded down $0.76 on Friday, hitting $335.49. 6,752,336 shares of the company were exchanged, compared to its average volume of 2,448,743. Caterpillar Inc. has a 12 month low of $307.05 and a 12 month high of $418.50. The company has a market cap of $160.34 billion, a PE ratio of 15.20, a PEG ratio of 1.87 and a beta of 1.15. 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 stock's fifty day moving average is $358.61 and its 200-day moving average is $372.05.

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

About Caterpillar

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.