Caterpillar Inc. (NYSE:CAT) Holdings Lowered by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC trimmed its holdings in Caterpillar Inc. (NYSE:CAT - Free Report) by 0.2% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 434,774 shares of the industrial products company's stock after selling 799 shares during the period. Commonwealth Equity Services LLC owned 0.09% of Caterpillar worth $157,719,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Geode Capital Management LLC grew its position in Caterpillar by 0.7% during the third quarter. Geode Capital Management LLC now owns 10,213,455 shares of the industrial products company's stock worth $3,987,206,000 after buying an additional 67,148 shares during the period. Fisher Asset Management LLC boosted its position in Caterpillar by 1.4% during the fourth quarter. Fisher Asset Management LLC now owns 9,081,775 shares of the industrial products company's stock worth $3,294,505,000 after acquiring an additional 129,143 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Caterpillar by 1.8% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,627,513 shares of the industrial products company's stock worth $1,418,793,000 after purchasing an additional 64,452 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Caterpillar by 1.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,289,101 shares of the industrial products company's stock worth $1,193,154,000 after purchasing an additional 61,723 shares during the period. Finally, Amundi raised its stake in Caterpillar by 17.3% during the fourth quarter. Amundi now owns 2,166,087 shares of the industrial products company's stock worth $782,109,000 after purchasing an additional 318,891 shares during the period. 70.98% of the stock is owned by hedge funds and other institutional investors.

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Insider Activity at Caterpillar

In other news, Director Gerald Johnson acquired 100 shares of the business's stock in a transaction that occurred on Tuesday, February 4th. The shares were purchased at an average cost 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 $1,116,085.21. This trade represents a 3.39 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of Caterpillar stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $380.09, for a total transaction 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 approximately $17,173,226.38. This represents a 18.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.29% of the stock is currently owned by insiders.

Analyst Ratings Changes

CAT has been the topic of a number of recent analyst reports. UBS Group raised shares of Caterpillar from a "sell" rating to a "neutral" rating and increased their price target for the stock from $355.00 to $385.00 in a research note on Monday, February 3rd. Raymond James raised shares of Caterpillar from a "market perform" rating to an "outperform" rating in a research note on Monday, February 3rd. Bank of America cut their price target 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. Wedbush raised shares of Caterpillar to an "outperform" rating in a research note on Monday, February 3rd. Finally, StockNews.com downgraded shares of Caterpillar from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $383.80.

Caterpillar Stock Up 0.9 %

CAT traded up $3.02 during trading hours on Monday, reaching $342.66. 1,683,737 shares of the stock traded hands, compared to its average volume of 2,422,404. The firm's fifty day simple moving average is $360.81 and its two-hundred day simple moving average is $372.66. The company has a market cap of $163.77 billion, a price-to-earnings ratio of 15.53, a PEG ratio of 1.87 and a beta of 1.15. Caterpillar Inc. has a fifty-two week low of $307.05 and a fifty-two week 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 net margin of 16.65% and a return on equity of 58.18%. As a group, analysts forecast that Caterpillar Inc. will post 19.86 earnings per share 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.