Congress Wealth Management LLC DE Buys 1,658 Shares of Caterpillar Inc. (NYSE:CAT)

Congress Wealth Management LLC DE grew its stake in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 2.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 60,640 shares of the industrial products company's stock after buying an additional 1,658 shares during the quarter. Congress Wealth Management LLC DE's holdings in Caterpillar were worth $21,998,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Principal Financial Group Inc. grew its holdings in shares of 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 purchasing an additional 5,371 shares during the last quarter. Kingsview Wealth Management LLC boosted its position in Caterpillar by 0.7% during the 3rd quarter. Kingsview Wealth Management LLC now owns 11,736 shares of the industrial products company's stock worth $4,590,000 after buying an additional 78 shares during the period. Pitcairn Co. grew its holdings in Caterpillar by 2.5% during the 3rd quarter. Pitcairn Co. now owns 3,961 shares of the industrial products company's stock worth $1,549,000 after acquiring an additional 96 shares during the last quarter. Family Capital Management Inc. acquired a new position in Caterpillar in the 3rd quarter valued at approximately $214,000. Finally, Swedbank AB raised its stake in shares of Caterpillar by 4.2% during the third quarter. Swedbank AB now owns 282,018 shares of the industrial products company's stock valued at $110,303,000 after acquiring an additional 11,487 shares during the last quarter. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on CAT shares. Wedbush raised shares of Caterpillar to an "outperform" rating in a research note on Monday, February 3rd. DA Davidson upped their price target on Caterpillar from $350.00 to $357.00 and gave the company a "neutral" rating in a research report on Tuesday, February 4th. Jefferies Financial Group increased their price target on Caterpillar from $455.00 to $475.00 and gave the company a "buy" rating in a research note on Friday, December 6th. Citigroup lifted their price objective on Caterpillar from $420.00 to $430.00 and gave the stock a "buy" rating in a research note on Friday, January 31st. Finally, UBS Group raised shares of Caterpillar from a "sell" rating to a "neutral" rating and increased their target price for the company from $355.00 to $385.00 in a research report on Monday, February 3rd. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company. According to MarketBeat, Caterpillar has a consensus rating of "Hold" and a consensus target price of $383.80.

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Insider Activity

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

Caterpillar Trading Down 0.2 %

NYSE:CAT opened at $335.49 on Monday. Caterpillar Inc. has a 12 month low of $307.05 and a 12 month high of $418.50. The company has a current ratio of 1.42, a quick ratio of 0.89 and a debt-to-equity ratio of 1.40. The stock has a market capitalization of $160.34 billion, a price-to-earnings ratio of 15.20, a PEG ratio of 1.87 and a beta of 1.15. The firm has a fifty day simple moving average of $358.61 and a two-hundred day simple moving average of $372.30.

Caterpillar (NYSE:CAT - Get Free Report) last issued its earnings results on Thursday, January 30th. The industrial products company reported $5.14 EPS for the quarter, beating 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%. Analysts expect that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

Caterpillar 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.

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