Cibc World Markets Corp Purchases 6,984 Shares of Caterpillar Inc. (NYSE:CAT)

Cibc World Markets Corp grew its stake in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 3.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 217,681 shares of the industrial products company's stock after acquiring an additional 6,984 shares during the period. Cibc World Markets Corp's holdings in Caterpillar were worth $78,966,000 as of its most recent SEC filing.

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

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Analysts Set New Price Targets

Several analysts recently commented on CAT shares. DA Davidson lifted 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. Citigroup upped their target price on Caterpillar from $420.00 to $430.00 and gave the company a "buy" rating in a research report on Friday, January 31st. Raymond James raised Caterpillar from a "market perform" rating to an "outperform" rating in a report on Monday, February 3rd. StockNews.com lowered Caterpillar from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. Finally, Jefferies Financial Group lifted their target price on Caterpillar from $455.00 to $475.00 and gave the stock a "buy" rating in a report on Friday, December 6th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $383.80.

Insider Activity at Caterpillar

In other Caterpillar news, CFO Andrew R. J. Bonfield sold 10,000 shares of the company's 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 in the company, valued at approximately $17,173,226.38. The trade was a 18.12 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Gerald Johnson acquired 100 shares of Caterpillar stock in a transaction dated Tuesday, February 4th. The stock was purchased at an average cost of $365.57 per share, for a total transaction of $36,557.00. Following the completion of the purchase, the director now owns 3,053 shares in the company, valued at approximately $1,116,085.21. The trade was a 3.39 % increase in their position. The disclosure for this purchase can be found here. 0.29% of the stock is currently owned by company insiders.

Caterpillar Price Performance

CAT traded down $2.53 during trading on Thursday, hitting $336.09. 2,781,191 shares of the stock traded hands, compared to its average volume of 2,432,812. The business has a 50 day moving average price of $359.41 and a 200 day moving average price of $372.23. The company has a market cap of $160.63 billion, a price-to-earnings ratio of 15.23, a PEG ratio of 1.87 and a beta of 1.15. Caterpillar Inc. has a twelve month low of $307.05 and a twelve month high of $418.50. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.42 and a quick ratio of 0.89.

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 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%. Equities research analysts forecast that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal year.

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.