Morey & Quinn Wealth Partners LLC Purchases Shares of 1,067 Caterpillar Inc. (NYSE:CAT)

Morey & Quinn Wealth Partners LLC bought a new stake in Caterpillar Inc. (NYSE:CAT - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,067 shares of the industrial products company's stock, valued at approximately $387,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in Caterpillar by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 46,809,540 shares of the industrial products company's stock valued at $16,980,629,000 after acquiring an additional 284,366 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Caterpillar by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 10,213,455 shares of the industrial products company's stock valued at $3,987,206,000 after purchasing an additional 67,148 shares during the last quarter. Fisher Asset Management LLC lifted its position in Caterpillar by 1.4% in the fourth quarter. Fisher Asset Management LLC now owns 9,081,775 shares of the industrial products company's stock valued at $3,294,505,000 after purchasing an additional 129,143 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Caterpillar by 1.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,627,513 shares of the industrial products company's stock worth $1,418,793,000 after purchasing an additional 64,452 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Caterpillar by 1.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,289,101 shares of the industrial products company's stock worth $1,193,154,000 after buying an additional 61,723 shares in the last quarter. 70.98% of the stock is currently owned by institutional investors and hedge funds.

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Caterpillar Trading Down 2.8 %

NYSE:CAT traded down $9.65 on Friday, reaching $329.65. The stock had a trading volume of 1,965,220 shares, compared to its average volume of 2,538,598. Caterpillar Inc. has a 12-month low of $307.05 and a 12-month high of $418.50. The company has a market cap of $157.55 billion, a price-to-earnings ratio of 14.94, a P/E/G ratio of 1.87 and a beta of 1.15. The firm's fifty day moving average is $354.99 and its two-hundred day moving average is $372.24. 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 announced its earnings results on Thursday, January 30th. The industrial products company reported $5.14 earnings per share (EPS) 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%. Equities analysts expect that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently weighed in on CAT shares. Citigroup lifted their price target on Caterpillar from $420.00 to $430.00 and gave the company a "buy" rating in a research note on Friday, January 31st. Wedbush raised shares of Caterpillar to an "outperform" rating in a research note on Monday, February 3rd. JPMorgan Chase & Co. reduced their price objective 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. UBS Group raised shares of Caterpillar from a "sell" rating to a "neutral" rating and increased their target price for the company from $355.00 to $385.00 in a report on Monday, February 3rd. Finally, Morgan Stanley decreased their price target on Caterpillar from $330.00 to $300.00 and set an "underweight" rating on the stock in a research note on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $383.80.

Insider Activity at Caterpillar

In other news, CFO Andrew R. J. Bonfield sold 10,000 shares of the stock in a transaction dated 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 transaction, the chief financial officer now directly owns 45,182 shares in the company, valued at $17,173,226.38. This represents a 18.12 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Jason Kaiser sold 2,425 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $354.70, for a total transaction of $860,147.50. Following the completion of 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 disclosure for this sale can be found here. Insiders own 0.29% of the company's stock.

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.