Grant Private Wealth Management Inc Takes Position in Caterpillar Inc. (NYSE:CAT)

Grant Private Wealth Management Inc bought a new stake in Caterpillar Inc. (NYSE:CAT - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 837 shares of the industrial products company's stock, valued at approximately $304,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Flagship Wealth Advisors LLC purchased a new position in Caterpillar in the 4th quarter worth approximately $26,000. Halbert Hargrove Global Advisors LLC purchased a new position in Caterpillar during the fourth quarter worth approximately $27,000. Cyrus J. Lawrence LLC acquired a new position in Caterpillar during the fourth quarter worth $27,000. Noble Wealth Management PBC purchased a new stake in Caterpillar in the 4th quarter valued at $31,000. Finally, Retirement Wealth Solutions LLC acquired a new stake in shares of Caterpillar in the 4th quarter worth $34,000. 70.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CAT. StockNews.com lowered shares of Caterpillar from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. JPMorgan Chase & Co. dropped their price target on shares of Caterpillar from $515.00 to $490.00 and set an "overweight" rating for the company in a research note on Friday, January 31st. Raymond James raised shares of Caterpillar from a "market perform" rating to an "outperform" rating in a research report on Monday, February 3rd. UBS Group raised Caterpillar from a "sell" rating to a "neutral" rating and raised their target price for the stock from $355.00 to $385.00 in a research note on Monday, February 3rd. Finally, Evercore ISI upped their price target on Caterpillar from $365.00 to $375.00 and gave the company an "in-line" rating in a research note 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 company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $380.53.

Insider Buying and Selling at Caterpillar

In other Caterpillar news, Director Gerald Johnson purchased 100 shares of the business's stock in a transaction on Tuesday, February 4th. The shares were bought at an average cost of $365.57 per share, for a total transaction of $36,557.00. Following the completion of the purchase, the director now directly owns 3,053 shares in the company, valued at approximately $1,116,085.21. This represents a 3.39 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Jason Kaiser sold 2,425 shares of the company's 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 transaction, the insider now directly owns 6,275 shares of the company's stock, valued at approximately $2,225,742.50. This represents a 27.87 % 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 Up 0.5 %

CAT traded up $1.44 during trading hours on Tuesday, hitting $281.50. 1,604,649 shares of the company's stock were exchanged, compared to its average volume of 2,585,222. 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 12-month low of $267.30 and a 12-month high of $418.50. The firm has a market cap of $134.54 billion, a P/E ratio of 12.82, a price-to-earnings-growth ratio of 1.87 and a beta of 1.21. The firm has a 50 day moving average of $344.52 and a 200 day moving average of $370.76.

Caterpillar (NYSE:CAT - Get Free Report) last posted its quarterly earnings data 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 return on equity of 58.18% and a net margin of 16.65%. Analysts predict that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

Caterpillar 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.