Caterpillar Inc. (NYSE:CAT) Shares Sold by Tocqueville Asset Management L.P.

Tocqueville Asset Management L.P. decreased its position in Caterpillar Inc. (NYSE:CAT - Free Report) by 3.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 133,118 shares of the industrial products company's stock after selling 5,064 shares during the quarter. Caterpillar accounts for approximately 0.8% of Tocqueville Asset Management L.P.'s portfolio, making the stock its 29th largest position. Tocqueville Asset Management L.P.'s holdings in Caterpillar were worth $48,290,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Flagship Wealth Advisors LLC purchased a new position in Caterpillar during the 4th quarter valued at about $26,000. Halbert Hargrove Global Advisors LLC purchased a new position in shares of Caterpillar in the fourth quarter valued at approximately $27,000. Noble Wealth Management PBC acquired a new position in shares of Caterpillar in the fourth quarter valued at approximately $31,000. Retirement Wealth Solutions LLC acquired a new stake in Caterpillar during the 4th quarter worth approximately $34,000. Finally, Whipplewood Advisors LLC purchased a new position in Caterpillar in the 4th quarter valued at approximately $36,000. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Caterpillar

In other Caterpillar news, CFO Andrew R. J. Bonfield sold 10,000 shares of the company's 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 approximately $17,173,226.38. This represents a 18.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Gerald Johnson purchased 100 shares of Caterpillar stock in a transaction dated Tuesday, February 4th. The shares were bought at an average price of $365.57 per share, with a total value of $36,557.00. Following the completion of the transaction, 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 position. The disclosure for this purchase can be found here. 0.29% of the stock is owned by insiders.

Remove Ads

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CAT. Evercore ISI increased their price objective on Caterpillar from $365.00 to $375.00 and gave the company an "in-line" rating in a research note on Wednesday, February 19th. StockNews.com cut Caterpillar from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. UBS Group upgraded shares of Caterpillar from a "sell" rating to a "neutral" rating and upped their target price for the stock from $355.00 to $385.00 in a research note on Monday, February 3rd. Bank of America lowered 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, Citigroup raised their price objective on shares of Caterpillar from $420.00 to $430.00 and gave the company a "buy" rating in a report on Friday, January 31st. 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $383.80.

Caterpillar Stock Performance

Shares of CAT stock traded down $0.76 during trading hours on Friday, hitting $335.49. The stock had a trading volume of 6,752,336 shares, compared to its average volume of 2,448,895. Caterpillar Inc. has a twelve month low of $307.05 and a twelve month high of $418.50. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.42 and a quick ratio of 0.89. The firm has a market capitalization of $160.34 billion, a PE ratio of 15.20, a PEG ratio of 1.87 and a beta of 1.15. The stock's 50 day moving average is $358.92 and its 200 day moving average is $371.98.

Caterpillar (NYSE:CAT - Get Free Report) last released its earnings results on Thursday, January 30th. The industrial products company reported $5.14 earnings per share (EPS) for the quarter, beating 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%. As a group, research analysts forecast that Caterpillar Inc. will post 19.86 earnings per share 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.