TD Asset Management Inc. Reduces Stock Position in Caterpillar Inc. (NYSE:CAT)

TD Asset Management Inc. trimmed its position in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 0.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 249,000 shares of the industrial products company's stock after selling 1,888 shares during the quarter. TD Asset Management Inc. owned approximately 0.05% of Caterpillar worth $90,327,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Principal Financial Group Inc. raised its position in Caterpillar by 0.7% during the third quarter. Principal Financial Group Inc. now owns 729,654 shares of the industrial products company's stock worth $285,382,000 after acquiring an additional 5,371 shares during the period. Loomis Sayles & Co. L P raised its position in shares of Caterpillar by 120.4% during the 3rd quarter. Loomis Sayles & Co. L P now owns 3,854 shares of the industrial products company's stock worth $1,507,000 after purchasing an additional 2,105 shares during the last quarter. Qsemble Capital Management LP acquired a new stake in Caterpillar in the 3rd quarter worth about $1,123,000. Townsquare Capital LLC increased its stake in Caterpillar by 5.1% during the 3rd quarter. Townsquare Capital LLC now owns 27,438 shares of the industrial products company's stock worth $10,732,000 after buying an additional 1,338 shares in the last quarter. Finally, Hardy Reed LLC raised its holdings in shares of Caterpillar by 2.8% during the third quarter. Hardy Reed LLC now owns 4,093 shares of the industrial products company's stock valued at $1,601,000 after acquiring an additional 112 shares during the last quarter. Institutional investors and hedge funds own 70.98% of the company's stock.

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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 dated Thursday, January 16th. The stock was sold at an average price of $380.09, for a total value of $3,800,900.00. Following the sale, the chief financial officer now owns 45,182 shares of the company's stock, valued at $17,173,226.38. This trade represents a 18.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jason Kaiser sold 2,425 shares of the business'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 of the company's stock, valued at approximately $2,225,742.50. This represents a 27.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.29% of the company's stock.

Caterpillar Trading Up 0.1 %

NYSE CAT traded up $0.45 on Monday, reaching $330.14. The stock had a trading volume of 2,837,433 shares, compared to its average volume of 2,539,790. Caterpillar Inc. has a 12-month low of $307.05 and a 12-month high of $418.50. The stock has a fifty day moving average price of $353.87 and a two-hundred day moving average price of $372.44. The firm has a market capitalization of $157.78 billion, a price-to-earnings ratio of 14.96, a P/E/G ratio of 1.87 and a beta of 1.15. The company has a quick ratio of 0.89, a current ratio of 1.42 and a debt-to-equity ratio of 1.40.

Caterpillar (NYSE:CAT - Get Free Report) last posted its earnings results on Thursday, January 30th. The industrial products company reported $5.14 earnings per share (EPS) for the quarter, topping 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%. As a group, sell-side analysts forecast that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently commented on CAT shares. Citigroup boosted their price target on Caterpillar from $420.00 to $430.00 and gave the stock a "buy" rating in a research report on Friday, January 31st. DA Davidson upped their target price on shares of Caterpillar from $350.00 to $357.00 and gave the stock a "neutral" rating in a report on Tuesday, February 4th. Jefferies Financial Group raised their price target on shares of Caterpillar from $455.00 to $475.00 and gave the stock a "buy" rating in a research note on Friday, December 6th. Evercore ISI upped their price objective on shares of Caterpillar from $365.00 to $375.00 and gave the company an "in-line" rating in a research note on Wednesday, February 19th. Finally, UBS Group upgraded Caterpillar from a "sell" rating to a "neutral" rating and boosted their target price for the stock from $355.00 to $385.00 in a report on Monday, February 3rd. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, Caterpillar presently has an average rating of "Hold" and a consensus target price of $383.80.

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.