Crowley Wealth Management Inc. Takes $458,000 Position in Caterpillar Inc. (NYSE:CAT)

Crowley Wealth Management Inc. bought a new stake in shares of Caterpillar Inc. (NYSE:CAT - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,262 shares of the industrial products company's stock, valued at approximately $458,000.

Several other large investors also recently modified their holdings of CAT. Flagship Wealth Advisors LLC bought a new position in Caterpillar during the fourth quarter valued at $26,000. Halbert Hargrove Global Advisors LLC purchased a new position in shares of Caterpillar during the 4th quarter valued at $27,000. Cyrus J. Lawrence LLC bought a new position in shares of Caterpillar during the 4th quarter worth $27,000. Noble Wealth Management PBC purchased a new stake in Caterpillar in the 4th quarter worth about $31,000. Finally, Retirement Wealth Solutions LLC purchased a new stake in Caterpillar during the fourth quarter valued at about $34,000. Hedge funds and other institutional investors own 70.98% of the company's stock.

Insider Activity at Caterpillar

In other Caterpillar news, CFO Andrew R. J. Bonfield sold 10,000 shares of Caterpillar stock in a transaction that occurred on 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 transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Jason Kaiser sold 2,425 shares of the company's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $354.70, for a total transaction of $860,147.50. Following the completion of the sale, the insider now directly owns 6,275 shares of the company's stock, valued at $2,225,742.50. This trade represents a 27.87 % decrease in their position. The disclosure for this sale can be found here. 0.29% of the stock is currently owned by insiders.

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Caterpillar Price Performance

Caterpillar stock traded up $0.98 during mid-day trading on Tuesday, hitting $342.65. 1,677,634 shares of the company traded hands, compared to its average volume of 2,447,507. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.89 and a current ratio of 1.42. Caterpillar Inc. has a one year low of $307.05 and a one year high of $418.50. The stock has a market cap of $163.76 billion, a price-to-earnings ratio of 15.53, a price-to-earnings-growth ratio of 1.87 and a beta of 1.15. The stock has a fifty day moving average price of $358.19 and a 200-day moving average price of $372.36.

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

Analysts Set New Price Targets

Several research firms have recently weighed in on CAT. Citigroup lifted their target price on shares of Caterpillar from $420.00 to $430.00 and gave the stock a "buy" rating in a research note on Friday, January 31st. Wedbush raised shares of Caterpillar to an "outperform" rating in a report on Monday, February 3rd. UBS Group upgraded Caterpillar from a "sell" rating to a "neutral" rating and increased their target price for the stock from $355.00 to $385.00 in a research report on Monday, February 3rd. Jefferies Financial Group lifted their price target on Caterpillar from $455.00 to $475.00 and gave the company a "buy" rating in a research report on Friday, December 6th. Finally, Evercore ISI increased their price objective on Caterpillar from $365.00 to $375.00 and gave the stock an "in-line" rating in a report on Wednesday, February 19th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, Caterpillar currently has a consensus rating of "Hold" and a consensus price target 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.