Caterpillar Inc. (NYSE:CAT) Shares Sold by Columbia Asset Management

Columbia Asset Management lessened its holdings in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 6.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 16,946 shares of the industrial products company's stock after selling 1,184 shares during the period. Caterpillar accounts for approximately 1.1% of Columbia Asset Management's investment portfolio, making the stock its 23rd biggest holding. Columbia Asset Management's holdings in Caterpillar were worth $6,147,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Flagship Wealth Advisors LLC purchased a new position in shares of Caterpillar in the 4th quarter valued at $26,000. Halbert Hargrove Global Advisors LLC purchased a new position in shares of Caterpillar during the fourth quarter worth about $27,000. Cyrus J. Lawrence LLC acquired a new stake in shares of Caterpillar during the fourth quarter worth about $27,000. Noble Wealth Management PBC purchased a new stake in shares of Caterpillar in the 4th quarter valued at about $31,000. Finally, Retirement Wealth Solutions LLC acquired a new stake in shares of Caterpillar in the 4th quarter valued at about $34,000. 70.98% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have commented on CAT shares. Bank of America cut their price target on Caterpillar from $452.00 to $414.00 and set a "buy" rating on the stock in a research report on Friday, January 31st. DA Davidson upped their price target on shares of Caterpillar from $350.00 to $357.00 and gave the company a "neutral" rating in a research report on Tuesday, February 4th. Wedbush upgraded shares of Caterpillar to an "outperform" rating in a research note on Monday, February 3rd. Citigroup boosted their price target on Caterpillar from $420.00 to $430.00 and gave the company a "buy" rating in a research report on Friday, January 31st. Finally, Evercore ISI lifted their price objective on shares of Caterpillar from $365.00 to $375.00 and gave the company an "in-line" rating in a research report on Wednesday, February 19th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $383.80.

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Caterpillar Price Performance

Shares of CAT traded down $18.19 during mid-day trading on Friday, reaching $287.57. 7,214,330 shares of the company's stock were exchanged, compared to its average volume of 2,567,844. The company has a 50-day simple moving average of $346.83 and a two-hundred day simple moving average of $371.31. The company has a market cap of $137.44 billion, a price-to-earnings ratio of 13.03, a PEG ratio of 1.87 and a beta of 1.21. 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 Inc. has a 52-week low of $281.50 and a 52-week high of $418.50.

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

Insider Buying and Selling

In other Caterpillar news, CFO Andrew R. J. Bonfield sold 10,000 shares of the firm'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 directly owns 45,182 shares of the company's stock, valued at approximately $17,173,226.38. This trade represents a 18.12 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jason Kaiser sold 2,425 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $354.70, for a total transaction of $860,147.50. Following the transaction, the insider now owns 6,275 shares in the company, valued at approximately $2,225,742.50. The trade was a 27.87 % decrease in their ownership of the stock. 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.