Caterpillar Inc. (NYSE:CAT) Shares Bought by Glenview Trust co

Glenview Trust co raised its holdings in Caterpillar Inc. (NYSE:CAT - Free Report) by 2.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 70,400 shares of the industrial products company's stock after acquiring an additional 1,825 shares during the quarter. Glenview Trust co's holdings in Caterpillar were worth $25,538,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CAT. Raymond James Financial Inc. acquired a new position in shares of Caterpillar during the 4th quarter worth $353,231,000. Proficio Capital Partners LLC increased its position in Caterpillar by 50,072.7% during the 4th quarter. Proficio Capital Partners LLC now owns 804,770 shares of the industrial products company's stock worth $291,938,000 after purchasing an additional 803,166 shares in the last quarter. Amundi increased its position in Caterpillar by 17.3% during the 4th quarter. Amundi now owns 2,166,087 shares of the industrial products company's stock worth $782,109,000 after purchasing an additional 318,891 shares in the last quarter. Zurich Insurance Group Ltd FI increased its position in Caterpillar by 4,018.6% during the 3rd quarter. Zurich Insurance Group Ltd FI now owns 255,355 shares of the industrial products company's stock worth $99,874,000 after purchasing an additional 249,155 shares in the last quarter. Finally, Strategic Financial Concepts LLC increased its position in Caterpillar by 36,168.5% during the 4th quarter. Strategic Financial Concepts LLC now owns 227,041 shares of the industrial products company's stock worth $82,361,000 after purchasing an additional 226,415 shares in the last quarter. Institutional investors and hedge funds own 70.98% of the company's stock.

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Analyst Ratings Changes

A number of research firms recently commented on CAT. Citigroup lifted their price objective on Caterpillar from $420.00 to $430.00 and gave the stock a "buy" rating in a research report on Friday, January 31st. Wedbush upgraded Caterpillar to an "outperform" rating in a research report 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. DA Davidson lifted their price target on Caterpillar from $350.00 to $357.00 and gave the company a "neutral" rating in a report on Tuesday, February 4th. Finally, Bank of America lowered their price target on Caterpillar from $452.00 to $414.00 and set a "buy" rating for the company in a report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $383.80.

Insider Buying and Selling at Caterpillar

In other news, Director Gerald Johnson purchased 100 shares of the stock in a transaction that occurred on Tuesday, February 4th. The stock was acquired at an average cost of $365.57 per share, with a total value of $36,557.00. Following the acquisition, the director now owns 3,053 shares in the company, valued at approximately $1,116,085.21. This trade represents a 3.39 % increase in their ownership of the stock. The acquisition was disclosed in a document filed 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 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 sale, the chief financial officer now directly owns 45,182 shares of the company's stock, valued at approximately $17,173,226.38. The trade was 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 corporate insiders.

Caterpillar Stock Down 0.7 %

Shares of NYSE:CAT traded down $2.53 during midday trading on Thursday, hitting $336.09. 2,781,191 shares of the company's stock traded hands, compared to its average volume of 2,432,812. The firm's fifty day moving average price is $359.41 and its two-hundred day moving average price is $372.23. 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 twelve month low of $307.05 and a twelve month high of $418.50. The company has a market cap of $160.63 billion, a PE ratio of 15.23, a P/E/G ratio of 1.87 and a beta of 1.15.

Caterpillar (NYSE:CAT - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The industrial products company reported $5.14 EPS for the quarter, topping 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 research analysts anticipate that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

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.