FineMark National Bank & Trust Has $21.91 Million Holdings in Caterpillar Inc. (NYSE:CAT)

FineMark National Bank & Trust decreased its stake in shares of Caterpillar Inc. (NYSE:CAT) by 3.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 60,395 shares of the industrial products company’s stock after selling 1,989 shares during the period. Caterpillar makes up 0.8% of FineMark National Bank & Trust’s holdings, making the stock its 29th largest position. FineMark National Bank & Trust’s holdings in Caterpillar were worth $21,909,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in CAT. FSM Wealth Advisors LLC lifted its stake in shares of Caterpillar by 3.8% in the fourth quarter. FSM Wealth Advisors LLC now owns 688 shares of the industrial products company’s stock worth $262,000 after buying an additional 25 shares during the last quarter. Allen Capital Group LLC raised its holdings in Caterpillar by 0.6% in the 4th quarter. Allen Capital Group LLC now owns 4,247 shares of the industrial products company’s stock worth $1,541,000 after acquiring an additional 26 shares during the period. Wagner Wealth Management LLC lifted its position in Caterpillar by 4.0% during the 4th quarter. Wagner Wealth Management LLC now owns 668 shares of the industrial products company’s stock worth $242,000 after acquiring an additional 26 shares during the last quarter. Channel Wealth LLC increased its stake in shares of Caterpillar by 1.9% in the fourth quarter. Channel Wealth LLC now owns 1,468 shares of the industrial products company’s stock worth $533,000 after purchasing an additional 27 shares during the period. Finally, Total Clarity Wealth Management Inc. lifted its position in shares of Caterpillar by 0.6% during the 4th quarter. Total Clarity Wealth Management Inc. now owns 4,373 shares of the industrial products company’s stock worth $1,586,000 after purchasing an additional 27 shares during the last quarter. 70.98% of the stock is owned by institutional investors.

Caterpillar Price Performance

Caterpillar stock opened at $341.83 on Tuesday. The business’s fifty day moving average is $358.19 and its two-hundred day moving average is $372.36. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.89 and a current ratio of 1.42. The firm has a market cap of $163.37 billion, a P/E ratio of 15.49, a P/E/G ratio of 1.87 and a beta of 1.15. Caterpillar Inc. has a 52 week low of $307.05 and a 52 week high of $418.50.

Caterpillar (NYSE:CAT) last issued its quarterly earnings results on Thursday, January 30th. The industrial products company reported $5.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.97 by $0.17. Caterpillar had a net margin of 16.65% and a return on equity of 58.18%. Equities research analysts forecast that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal year.

Insider Transactions at Caterpillar

In other Caterpillar news, insider Jason Kaiser sold 2,425 shares of the company’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $354.70, for a total transaction of $860,147.50. Following the transaction, the insider now owns 6,275 shares of the company’s stock, valued at approximately $2,225,742.50. This represents a 27.87 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gerald Johnson acquired 100 shares of the firm’s stock in a transaction on Tuesday, February 4th. The stock was purchased at an average price of $365.57 per share, for a total transaction of $36,557.00. Following the completion of the transaction, the director now directly owns 3,053 shares in the company, valued at approximately $1,116,085.21. The trade was a 3.39 % increase in their position. The disclosure for this purchase can be found here. 0.29% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on CAT shares. JPMorgan Chase & Co. reduced their price objective on Caterpillar from $515.00 to $490.00 and set an “overweight” rating for the company in a research report on Friday, January 31st. UBS Group upgraded Caterpillar from a “sell” rating to a “neutral” rating and boosted their price objective for the company from $355.00 to $385.00 in a research report on Monday, February 3rd. DA Davidson boosted their price target on shares of Caterpillar from $350.00 to $357.00 and gave the company a “neutral” rating in a report on Tuesday, February 4th. 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 research report on Friday, December 6th. Finally, Citigroup raised their price target on shares of Caterpillar from $420.00 to $430.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Caterpillar currently has an average rating of “Hold” and a consensus target price of $383.80.

About Caterpillar

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.