SevenBridge Financial Group LLC Has $1.70 Million Stock Position in Caterpillar Inc. (NYSE:CAT)

SevenBridge Financial Group LLC lifted its position in shares of Caterpillar Inc. (NYSE:CATFree Report) by 1.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,755 shares of the industrial products company’s stock after buying an additional 99 shares during the quarter. SevenBridge Financial Group LLC’s holdings in Caterpillar were worth $1,702,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of CAT. Pallas Capital Advisors LLC raised its holdings in shares of Caterpillar by 1.8% in the fourth quarter. Pallas Capital Advisors LLC now owns 16,328 shares of the industrial products company’s stock valued at $4,828,000 after purchasing an additional 293 shares during the last quarter. Hutchens & Kramer Investment Management Group LLC purchased a new stake in shares of Caterpillar in the fourth quarter valued at about $255,000. Tower Wealth Partners Inc. purchased a new stake in shares of Caterpillar in the fourth quarter valued at about $273,000. Chicago Capital LLC raised its holdings in shares of Caterpillar by 241.2% in the fourth quarter. Chicago Capital LLC now owns 13,767 shares of the industrial products company’s stock valued at $4,070,000 after purchasing an additional 9,732 shares during the last quarter. Finally, Clarus Wealth Advisors purchased a new stake in shares of Caterpillar in the fourth quarter valued at about $846,000. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Lange Bob De sold 21,194 shares of the business’s stock in a transaction on Wednesday, February 7th. The shares were 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 directly owns 61,092 shares of the company’s stock, valued at $19,886,667.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Caterpillar news, CFO Andrew R. J. Bonfield sold 10,000 shares of the business’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $310.10, for a total value of $3,101,000.00. Following the completion of the transaction, the chief financial officer now directly owns 57,317 shares in the company, valued at $17,774,001.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Lange Bob De sold 21,194 shares of the company’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $325.52, for a total transaction of $6,899,070.88. Following the transaction, 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 a total of 45,769 shares of company stock worth $14,509,306 over the last quarter. Insiders own 0.33% of the company’s stock.

Caterpillar Price Performance

CAT opened at $363.64 on Tuesday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.87 and a current ratio of 1.35. The stock has a market capitalization of $181.60 billion, a P/E ratio of 18.06, a P/E/G ratio of 1.75 and a beta of 1.17. The company’s 50-day simple moving average is $330.28 and its two-hundred day simple moving average is $289.03. Caterpillar Inc. has a 52-week low of $204.04 and a 52-week high of $367.93.

Caterpillar (NYSE:CATGet Free Report) last released its quarterly earnings results 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 analyst estimates of $17.06 billion. Caterpillar had a net margin of 15.41% and a return on equity of 56.99%. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.86 EPS. As a group, analysts predict that Caterpillar Inc. will post 21.25 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on CAT shares. Wells Fargo & Company raised their price objective on shares of Caterpillar from $290.00 to $325.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 6th. Stifel Nicolaus raised their price objective on shares of Caterpillar from $285.00 to $293.00 and gave the stock a “buy” rating in a report on Tuesday, December 19th. Morgan Stanley assumed coverage on shares of Caterpillar in a research note on Monday, January 8th. They issued an “equal weight” rating and a $270.00 target price for the company. Evercore ISI downgraded shares of Caterpillar from an “outperform” rating to an “in-line” rating and lifted their target price for the stock from $321.00 to $338.00 in a research note on Tuesday, February 20th. Finally, Sanford C. Bernstein lifted their target price on shares of Caterpillar from $216.00 to $245.00 and gave the stock a “market perform” rating in a research note on Thursday, December 21st. One analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $297.89.

Check Out Our Latest Research 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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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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