First American Trust FSB Has $11.31 Million Stock Holdings in Caterpillar Inc. (NYSE:CAT)

First American Trust FSB boosted its holdings in Caterpillar Inc. (NYSE:CAT - Free Report) by 3.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 31,190 shares of the industrial products company's stock after purchasing an additional 1,075 shares during the quarter. Caterpillar accounts for about 1.1% of First American Trust FSB's portfolio, making the stock its 24th largest holding. First American Trust FSB's holdings in Caterpillar were worth $11,314,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. FSM Wealth Advisors LLC boosted its stake in shares of Caterpillar by 3.8% in the fourth quarter. FSM Wealth Advisors LLC now owns 688 shares of the industrial products company's stock valued at $262,000 after buying an additional 25 shares during the period. Allen Capital Group LLC lifted its position in shares of Caterpillar by 0.6% during 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 acquiring an additional 26 shares during the period. Wagner Wealth Management LLC grew its holdings in shares of Caterpillar by 4.0% during 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 increased its position in shares of Caterpillar by 1.9% in the fourth quarter. Channel Wealth LLC now owns 1,468 shares of the industrial products company's stock worth $533,000 after purchasing an additional 27 shares during the period. Finally, Total Clarity Wealth Management Inc. raised its stake in Caterpillar by 0.6% in the fourth 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 in the last quarter. Institutional investors own 70.98% of the company's stock.

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Wall Street Analyst Weigh In

CAT has been the topic of several recent analyst reports. Truist Financial decreased their target price on shares of Caterpillar from $455.00 to $438.00 and set a "buy" rating on the stock in a report on Monday, February 3rd. JPMorgan Chase & Co. decreased their price target on Caterpillar from $515.00 to $490.00 and set an "overweight" rating on the stock in a research note on Friday, January 31st. Morgan Stanley dropped their target price on shares of Caterpillar from $330.00 to $300.00 and set an "underweight" rating for the company in a report on Friday, January 31st. Raymond James upgraded shares of Caterpillar from a "market perform" rating to an "outperform" rating in a research report on Monday, February 3rd. Finally, Jefferies Financial Group raised their target price on shares of Caterpillar from $455.00 to $475.00 and gave the company a "buy" rating in a research report on Friday, December 6th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $383.80.

Caterpillar Trading Down 2.8 %

CAT stock traded down $9.65 during trading on Friday, hitting $329.65. The company had a trading volume of 1,965,220 shares, compared to its average volume of 2,538,598. The company has a current ratio of 1.42, a quick ratio of 0.89 and a debt-to-equity ratio of 1.40. Caterpillar Inc. has a one year low of $307.05 and a one year high of $418.50. The business has a 50-day moving average of $354.99 and a 200-day moving average of $372.24. The stock has a market cap of $157.55 billion, a PE ratio of 14.94, a PEG ratio of 1.87 and a beta of 1.15.

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

Insider Activity

In other news, insider Jason Kaiser sold 2,425 shares of the company's stock in a transaction dated Tuesday, February 18th. The shares were 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. This represents a 27.87 % decrease in their ownership of the stock. The sale 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 the firm's stock in a transaction dated 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 sale, the chief financial officer now owns 45,182 shares of the company's stock, 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 owned by company insiders.

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.