Everhart Financial Group Inc. Sells 36 Shares of Caterpillar Inc. (NYSE:CAT)

Everhart Financial Group Inc. reduced its stake in shares of Caterpillar Inc. (NYSE:CATFree Report) by 2.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,676 shares of the industrial products company’s stock after selling 36 shares during the quarter. Everhart Financial Group Inc.’s holdings in Caterpillar were worth $496,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. Cornerstone Wealth Management LLC raised its stake in shares of Caterpillar by 1.0% during the fourth quarter. Cornerstone Wealth Management LLC now owns 3,507 shares of the industrial products company’s stock worth $1,037,000 after buying an additional 36 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in shares of Caterpillar by 6.6% in the 2nd quarter. Farther Finance Advisors LLC now owns 595 shares of the industrial products company’s stock valued at $146,000 after purchasing an additional 37 shares during the period. Cooper Haims Advisors LLC grew its stake in shares of Caterpillar by 1.9% during the second quarter. Cooper Haims Advisors LLC now owns 2,010 shares of the industrial products company’s stock worth $495,000 after purchasing an additional 38 shares during the period. Caprock Group LLC increased its holdings in Caterpillar by 0.4% in the third quarter. Caprock Group LLC now owns 9,891 shares of the industrial products company’s stock valued at $2,700,000 after purchasing an additional 39 shares during the last quarter. Finally, Webster Bank N. A. lifted its stake in Caterpillar by 0.3% in the third quarter. Webster Bank N. A. now owns 14,639 shares of the industrial products company’s stock valued at $3,996,000 after buying an additional 40 shares during the period. Institutional investors own 69.20% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on CAT. StockNews.com downgraded shares of Caterpillar from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 20th. Morgan Stanley started coverage on shares of Caterpillar in a research report on Monday, January 8th. They issued an “equal weight” rating and a $270.00 price objective for the company. JPMorgan Chase & Co. boosted their target price on Caterpillar from $345.00 to $385.00 and gave the company an “overweight” rating in a research note on Tuesday, February 6th. Stifel Nicolaus lifted their price objective on Caterpillar from $285.00 to $293.00 and gave the company a “buy” rating in a report on Tuesday, December 19th. Finally, Truist Financial assumed coverage on shares of Caterpillar in a research note on Thursday, March 14th. They issued a “buy” rating and a $390.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, Caterpillar currently has an average rating of “Hold” and a consensus target price of $297.89.

View Our Latest Stock Analysis on CAT

Caterpillar Trading Down 1.8 %

Shares of CAT opened at $357.87 on Friday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.87 and a current ratio of 1.35. Caterpillar Inc. has a fifty-two week low of $204.04 and a fifty-two week high of $365.52. The firm has a 50 day moving average price of $321.04 and a 200-day moving average price of $285.55. The firm has a market cap of $178.72 billion, a price-to-earnings ratio of 17.77, a PEG ratio of 1.74 and a beta of 1.16.

Caterpillar (NYSE:CATGet Free Report) last issued its quarterly earnings data on Monday, February 5th. The industrial products company reported $5.23 EPS for the quarter, beating the consensus estimate of $4.76 by $0.47. The firm had revenue of $17.07 billion during the quarter, compared to the consensus estimate of $17.06 billion. Caterpillar had a net margin of 15.41% and a return on equity of 56.99%. The company’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.86 earnings per share. As a group, equities research analysts forecast that Caterpillar Inc. will post 21.25 earnings per share for the current year.

Insider Transactions at Caterpillar

In other news, insider Anthony D. Fassino sold 4,575 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $329.80, for a total value of $1,508,835.00. Following the sale, the insider now directly owns 23,474 shares of the company’s stock, valued at approximately $7,741,725.20. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Caterpillar news, insider Anthony D. Fassino sold 4,575 shares of the stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $329.80, for a total transaction of $1,508,835.00. Following the sale, the insider now directly owns 23,474 shares in the company, valued at approximately $7,741,725.20. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Lange Bob De sold 21,194 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $325.52, for a total transaction of $6,899,070.88. Following the completion of the sale, the insider now owns 61,092 shares in the company, valued at approximately $19,886,667.84. The disclosure for this sale can be found here. Insiders have sold 45,769 shares of company stock valued at $14,509,306 in the last three months. 0.33% of the stock is currently owned by company insiders.

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.

Read More

Want to see what other hedge funds are holding CAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Caterpillar Inc. (NYSE:CATFree Report).

Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

Receive News & Ratings for Caterpillar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Caterpillar and related companies with MarketBeat.com's FREE daily email newsletter.