GWN Securities Inc. bought a new position in Caterpillar Inc. (NYSE:CAT - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 2,856 shares of the industrial products company's stock, valued at approximately $1,036,000.
Several other large investors have also recently bought and sold shares of CAT. Halbert Hargrove Global Advisors LLC purchased a new stake in Caterpillar in the fourth quarter valued at approximately $27,000. Noble Wealth Management PBC purchased a new stake in shares of Caterpillar during the 4th quarter valued at $31,000. Retirement Wealth Solutions LLC bought a new stake in shares of Caterpillar during the 4th quarter worth $34,000. Whipplewood Advisors LLC purchased a new position in Caterpillar in the fourth quarter worth $36,000. Finally, Kimelman & Baird LLC increased its stake in Caterpillar by 42.9% in the third quarter. Kimelman & Baird LLC now owns 100 shares of the industrial products company's stock valued at $39,000 after acquiring an additional 30 shares during the last quarter. 70.98% of the stock is owned by institutional investors.
Caterpillar Trading Down 0.7 %
CAT stock traded down $2.53 on Thursday, reaching $336.09. The company's stock had a trading volume of 2,781,191 shares, compared to its average volume of 2,432,812. The firm has a market cap of $160.63 billion, a PE ratio of 15.23, a PEG ratio of 1.87 and a beta of 1.15. The business has a fifty day simple moving average of $359.41 and a two-hundred day simple moving average of $372.23. Caterpillar Inc. has a 12-month low of $307.05 and a 12-month high of $418.50. 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 (NYSE:CAT - Get Free Report) last posted its earnings results on Thursday, January 30th. The industrial products company reported $5.14 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, research analysts forecast that Caterpillar Inc. will post 19.86 EPS for the current year.
Insider Buying and Selling at Caterpillar
In other Caterpillar news, Director Gerald Johnson purchased 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, with a total value of $36,557.00. Following the transaction, the director now directly owns 3,053 shares in the company, valued at approximately $1,116,085.21. The trade was a 3.39 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the company's stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $380.09, for a total transaction of $3,800,900.00. Following the completion of the sale, the chief financial officer now owns 45,182 shares in the company, valued at approximately $17,173,226.38. This trade represents a 18.12 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.29% of the company's stock.
Wall Street Analyst Weigh In
CAT has been the subject of several research analyst reports. Morgan Stanley dropped their price target on Caterpillar from $330.00 to $300.00 and set an "underweight" rating for the company in a research note on Friday, January 31st. Citigroup upped their target price on Caterpillar from $420.00 to $430.00 and gave the stock a "buy" rating 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 note on Monday, February 3rd. Bank of America cut their price objective 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. Finally, Evercore ISI lifted their target price on shares of Caterpillar from $365.00 to $375.00 and gave the stock an "in-line" rating in a research report on Wednesday, February 19th. Two equities 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. According to MarketBeat.com, Caterpillar currently has a consensus rating of "Hold" and a consensus price target of $383.80.
Read Our Latest Report on Caterpillar
Caterpillar Company Profile
(
Free Report)
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.
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