Financial Engines Advisors L.L.C. Grows Position in Caterpillar Inc. (NYSE:CAT)

Financial Engines Advisors L.L.C. increased its holdings in Caterpillar Inc. (NYSE:CAT - Free Report) by 189.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,884 shares of the industrial products company's stock after purchasing an additional 1,888 shares during the period. Financial Engines Advisors L.L.C.'s holdings in Caterpillar were worth $1,046,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CAT. FSM Wealth Advisors LLC lifted its holdings in Caterpillar by 3.8% during the 4th quarter. FSM Wealth Advisors LLC now owns 688 shares of the industrial products company's stock worth $262,000 after buying an additional 25 shares during the period. Allen Capital Group LLC increased its position in Caterpillar by 0.6% in the 4th quarter. Allen Capital Group LLC now owns 4,247 shares of the industrial products company's stock valued at $1,541,000 after buying an additional 26 shares in the last quarter. Wagner Wealth Management LLC lifted its holdings in shares of Caterpillar by 4.0% in the 4th quarter. Wagner Wealth Management LLC now owns 668 shares of the industrial products company's stock worth $242,000 after purchasing an additional 26 shares in the last quarter. Channel Wealth LLC grew its holdings in shares of Caterpillar by 1.9% during the fourth quarter. Channel Wealth LLC now owns 1,468 shares of the industrial products company's stock valued at $533,000 after buying an additional 27 shares during the last quarter. Finally, Total Clarity Wealth Management Inc. boosted its stake in Caterpillar by 0.6% during 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 purchasing an additional 27 shares during the last quarter. Institutional investors own 70.98% of the company's stock.

Caterpillar Price Performance

NYSE CAT traded up $0.60 during trading on Tuesday, hitting $330.40. 1,955,190 shares of the stock traded hands, compared to its average volume of 2,539,796. The company has a market capitalization of $157.91 billion, a P/E ratio of 14.97, a price-to-earnings-growth ratio of 1.87 and a beta of 1.15. Caterpillar Inc. has a 12-month low of $307.05 and a 12-month high of $418.50. The firm has a 50-day simple moving average of $352.51 and a 200-day simple moving average of $372.33. 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 (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 (EPS) 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 predict that Caterpillar Inc. will post 19.86 EPS for the current year.

Insider Activity

In related 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 $17,173,226.38. This trade represents a 18.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Jason Kaiser sold 2,425 shares of the firm's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $354.70, for a total value 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. The trade was a 27.87 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.29% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CAT. Bank of America decreased their price target on shares of Caterpillar from $452.00 to $414.00 and set a "buy" rating for the company 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. Raymond James upgraded Caterpillar from a "market perform" rating to an "outperform" rating in a research report on Monday, February 3rd. JPMorgan Chase & Co. dropped their target price on shares of Caterpillar from $515.00 to $490.00 and set an "overweight" rating for the company in a report on Friday, January 31st. Finally, StockNews.com downgraded Caterpillar from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. 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, the stock has an average rating of "Hold" and a consensus price target of $383.80.

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.