Caterpillar Inc. (NYSE:CAT) Shares Bought by TIAA Trust National Association

TIAA Trust National Association boosted its position in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 8.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,868 shares of the industrial products company's stock after buying an additional 1,686 shares during the period. TIAA Trust National Association's holdings in Caterpillar were worth $8,295,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Nordea Investment Management AB boosted its stake in Caterpillar by 1.6% during the 4th quarter. Nordea Investment Management AB now owns 635,750 shares of the industrial products company's stock worth $231,686,000 after purchasing an additional 10,212 shares during the period. West Wealth Group LLC acquired a new stake in shares of Caterpillar during the fourth quarter worth about $230,000. Cadinha & Co. LLC purchased a new position in shares of Caterpillar during the fourth quarter worth about $11,084,000. Atomi Financial Group Inc. increased its position in Caterpillar by 3.9% in the 4th quarter. Atomi Financial Group Inc. now owns 23,193 shares of the industrial products company's stock valued at $8,414,000 after acquiring an additional 871 shares during the period. Finally, Copley Financial Group Inc. acquired a new stake in Caterpillar during the 3rd quarter worth approximately $800,000. Hedge funds and other institutional investors own 70.98% of the company's stock.

Wall Street Analyst Weigh In

CAT has been the topic of a number of recent research reports. Morgan Stanley dropped their target price on Caterpillar from $330.00 to $300.00 and set an "underweight" rating on the stock in a report on Friday, January 31st. Raymond James upgraded shares of Caterpillar from a "market perform" rating to an "outperform" rating in a research report on Monday, February 3rd. Jefferies Financial Group lifted their target price on shares of Caterpillar from $455.00 to $475.00 and gave the company a "buy" rating in a report on Friday, December 6th. Bank of America cut their price target on shares of Caterpillar from $452.00 to $414.00 and set a "buy" rating for the company in a report on Friday, January 31st. Finally, Evercore ISI boosted their target price on Caterpillar from $365.00 to $375.00 and gave the stock an "in-line" rating in a research report on Wednesday, February 19th. Two 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. According to MarketBeat, Caterpillar presently has a consensus rating of "Hold" and an average price target of $383.80.

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Insider Activity

In related news, Director Gerald Johnson acquired 100 shares of Caterpillar stock in a transaction on Tuesday, February 4th. The shares were purchased at an average cost of $365.57 per share, for a total transaction of $36,557.00. Following the purchase, the director now directly 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jason Kaiser sold 2,425 shares of the business's stock in a transaction dated Tuesday, February 18th. The stock was 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 directly owns 6,275 shares of the company's stock, valued at $2,225,742.50. The trade was a 27.87 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.29% of the company's stock.

Caterpillar Trading Down 2.8 %

Shares of CAT stock traded down $9.65 on Friday, reaching $329.65. 1,965,220 shares of the stock were exchanged, compared to its average volume of 2,538,598. Caterpillar Inc. has a 1-year low of $307.05 and a 1-year high of $418.50. The stock has a market cap of $157.55 billion, a P/E ratio of 14.94, a price-to-earnings-growth ratio of 1.87 and a beta of 1.15. The company has a quick ratio of 0.89, a current ratio of 1.42 and a debt-to-equity ratio of 1.40. The firm has a 50 day moving average of $354.99 and a two-hundred day moving average of $372.24.

Caterpillar (NYSE:CAT - Get Free Report) last released 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, research analysts anticipate that Caterpillar Inc. will post 19.86 EPS for the current year.

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.