Braun Stacey Associates Inc. Cuts Stock Position in Caterpillar Inc. (NYSE:CAT)

Braun Stacey Associates Inc. trimmed its position in shares of Caterpillar Inc. (NYSE:CATFree Report) by 38.7% in the 4th quarter, Holdings Channel reports. The firm owned 1,425 shares of the industrial products company’s stock after selling 900 shares during the period. Braun Stacey Associates Inc.’s holdings in Caterpillar were worth $421,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Gilfoyle & Co LLC purchased a new stake in Caterpillar during the 4th quarter worth about $30,000. Atlas Capital Advisors LLC lifted its holdings in shares of Caterpillar by 272.4% in the 1st quarter. Atlas Capital Advisors LLC now owns 108 shares of the industrial products company’s stock valued at $25,000 after buying an additional 79 shares during the period. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in shares of Caterpillar by 730.8% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 108 shares of the industrial products company’s stock valued at $25,000 after buying an additional 95 shares during the period. First Capital Advisors Group LLC. acquired a new stake in shares of Caterpillar in the 2nd quarter valued at approximately $30,000. Finally, CGC Financial Services LLC acquired a new stake in shares of Caterpillar in the 2nd quarter valued at approximately $31,000. 70.98% of the stock is currently owned by hedge funds and other institutional investors.

Caterpillar Stock Up 0.4 %

NYSE:CAT opened at $366.43 on Wednesday. The firm has a market capitalization of $183.00 billion, a PE ratio of 18.12, a price-to-earnings-growth ratio of 1.74 and a beta of 1.17. The stock has a 50 day moving average of $331.80 and a 200-day moving average of $289.64. Caterpillar Inc. has a 52 week low of $204.04 and a 52 week high of $367.93. The company has a current ratio of 1.35, a quick ratio of 0.87 and a debt-to-equity ratio of 1.25.

Caterpillar (NYSE:CATGet Free Report) last posted its 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 company had revenue of $17.07 billion during the quarter, compared to analyst estimates of $17.06 billion. Caterpillar had a return on equity of 56.99% and a net margin of 15.41%. The business’s revenue was up 2.8% compared to the same quarter last year. During the same period in the prior year, the company earned $3.86 earnings per share. Analysts predict that Caterpillar Inc. will post 21.25 EPS for the current year.

Wall Street Analysts Forecast Growth

CAT has been the subject of several recent research reports. Morgan Stanley started coverage on Caterpillar in a research report on Monday, January 8th. They set an “equal weight” rating and a $270.00 price target for the company. The Goldman Sachs Group lifted their target price on Caterpillar from $274.00 to $357.00 and gave the company a “buy” rating in a report on Tuesday, February 6th. Robert W. Baird boosted their price objective on Caterpillar from $210.00 to $257.00 and gave the stock an “underperform” rating in a research note on Tuesday, February 6th. Wells Fargo & Company boosted their price objective on Caterpillar from $290.00 to $325.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 6th. Finally, JPMorgan Chase & Co. boosted their price target on Caterpillar from $345.00 to $385.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 6th. One analyst has rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $297.89.

Check Out Our Latest Stock Report on CAT

Insider Activity

In other news, insider Anthony D. Fassino sold 4,575 shares of the company’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 transaction of $1,508,835.00. Following the completion of the transaction, the insider now directly owns 23,474 shares of the company’s stock, valued at $7,741,725.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Andrew R. J. Bonfield sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, January 25th. The stock was sold at an average price of $300.04, for a total transaction of $3,000,400.00. Following the completion of the transaction, the chief financial officer now directly owns 67,317 shares in the company, valued at $20,197,792.68. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 transaction, the insider now owns 23,474 shares of the company’s stock, valued at $7,741,725.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 45,769 shares of company stock valued at $14,509,306. 0.33% of the stock is currently owned by 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.

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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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