Frank Rimerman Advisors LLC Sells 6,293 Shares of Caterpillar Inc. (NYSE:CAT)

Frank Rimerman Advisors LLC cut its holdings in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 54.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,190 shares of the industrial products company's stock after selling 6,293 shares during the period. Frank Rimerman Advisors LLC's holdings in Caterpillar were worth $1,883,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of CAT. Principal Financial Group Inc. grew its position in Caterpillar by 0.7% during the 3rd quarter. Principal Financial Group Inc. now owns 729,654 shares of the industrial products company's stock worth $285,382,000 after acquiring an additional 5,371 shares during the last quarter. OneDigital Investment Advisors LLC boosted its position in Caterpillar by 2.5% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 19,215 shares of the industrial products company's stock valued at $7,515,000 after buying an additional 464 shares during the last quarter. Intellectus Partners LLC boosted its position in Caterpillar by 3.0% in the 3rd quarter. Intellectus Partners LLC now owns 5,720 shares of the industrial products company's stock valued at $2,237,000 after buying an additional 166 shares during the last quarter. CIBC Asset Management Inc boosted its position in Caterpillar by 4.4% in the 3rd quarter. CIBC Asset Management Inc now owns 72,743 shares of the industrial products company's stock valued at $28,451,000 after buying an additional 3,051 shares during the last quarter. Finally, Black Diamond Financial LLC boosted its position in Caterpillar by 38.0% in the 3rd quarter. Black Diamond Financial LLC now owns 955 shares of the industrial products company's stock valued at $373,000 after buying an additional 263 shares during the last quarter. 70.98% of the stock is currently owned by institutional investors.

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Caterpillar Stock Up 0.6 %

Shares of CAT traded up $1.89 during midday trading on Wednesday, hitting $338.60. The stock had a trading volume of 2,407,165 shares, compared to its average volume of 2,431,225. The company has a 50 day simple moving average of $359.86 and a two-hundred day simple moving average of $372.46. Caterpillar Inc. has a twelve month low of $307.05 and a twelve month high of $418.50. The firm has a market cap of $161.83 billion, a price-to-earnings ratio of 15.34, a price-to-earnings-growth ratio of 1.87 and a beta of 1.15. 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 released its quarterly earnings results on Thursday, January 30th. The industrial products company reported $5.14 earnings per share (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%. On average, analysts anticipate that Caterpillar Inc. will post 19.86 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have commented on CAT shares. Raymond James upgraded Caterpillar from a "market perform" rating to an "outperform" rating in a research report on Monday, February 3rd. Bank of America decreased their price objective on Caterpillar from $452.00 to $414.00 and set a "buy" rating on the stock in a research report on Friday, January 31st. Jefferies Financial Group raised their price target on Caterpillar from $455.00 to $475.00 and gave the stock a "buy" rating in a research report on Friday, December 6th. DA Davidson raised their price target on Caterpillar from $350.00 to $357.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 4th. Finally, Morgan Stanley reduced their price target on Caterpillar from $330.00 to $300.00 and set an "underweight" rating on the stock in a research report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $383.80.

Insider Activity at Caterpillar

In related news, insider Jason Kaiser sold 2,425 shares of Caterpillar stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $354.70, for a total value of $860,147.50. Following the sale, the insider now owns 6,275 shares of the company's stock, valued at approximately $2,225,742.50. The trade was a 27.87 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gerald Johnson bought 100 shares of the stock in a transaction that occurred on Tuesday, February 4th. The stock was bought at an average cost of $365.57 per share, for a total transaction of $36,557.00. Following the transaction, the director now owns 3,053 shares of the company's stock, valued at $1,116,085.21. The trade was a 3.39 % increase in their position. The disclosure for this purchase can be found here. 0.29% of the stock is owned by company insiders.

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.