PDS Planning Inc Sells 32 Shares of Caterpillar Inc. (NYSE:CAT)

PDS Planning Inc trimmed its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 1.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 2,370 shares of the industrial products company’s stock after selling 32 shares during the period. PDS Planning Inc’s holdings in Caterpillar were worth $860,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Mystic Asset Management Inc. lifted its holdings in Caterpillar by 2.8% during the 4th quarter. Mystic Asset Management Inc. now owns 10,605 shares of the industrial products company’s stock valued at $3,847,000 after purchasing an additional 290 shares during the last quarter. RD Lewis Holdings Inc. bought a new position in Caterpillar during the 4th quarter valued at about $1,894,000. BlackDiamond Wealth Management LLC bought a new position in Caterpillar during the 4th quarter valued at about $200,000. Axxcess Wealth Management LLC lifted its holdings in Caterpillar by 2.7% during the 4th quarter. Axxcess Wealth Management LLC now owns 20,706 shares of the industrial products company’s stock valued at $7,511,000 after purchasing an additional 549 shares during the last quarter. Finally, Flagship Wealth Advisors LLC bought a new position in Caterpillar during the 4th quarter valued at about $26,000. 70.98% of the stock is owned by institutional investors.

Caterpillar Stock Up 0.9 %

Shares of NYSE:CAT opened at $342.66 on Tuesday. Caterpillar Inc. has a one year low of $307.05 and a one year high of $418.50. The company has a 50 day moving average of $360.39 and a 200-day moving average of $372.60. 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 stock has a market cap of $163.77 billion, a price-to-earnings ratio of 15.53, a P/E/G ratio of 1.87 and a beta of 1.15.

Caterpillar (NYSE:CAT) last issued its quarterly earnings data 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 net margin of 16.65% and a return on equity of 58.18%. On average, sell-side analysts forecast that Caterpillar Inc. will post 19.86 earnings per share for the current year.

Insider Activity at Caterpillar

In other Caterpillar news, insider Jason Kaiser sold 2,425 shares of Caterpillar stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $354.70, for a total value 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. The trade was a 27.87 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of Caterpillar stock in a transaction that occurred on 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 completion of the transaction, the chief financial officer now directly owns 45,182 shares in the company, valued at approximately $17,173,226.38. The trade was a 18.12 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Citigroup lifted their price target on shares of Caterpillar from $420.00 to $430.00 and gave the company a “buy” rating in a report on Friday, January 31st. DA Davidson boosted their target price on shares of Caterpillar from $350.00 to $357.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 4th. Jefferies Financial Group boosted their target price on shares of Caterpillar from $455.00 to $475.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Evercore ISI boosted their target price on shares of Caterpillar from $365.00 to $375.00 and gave the stock an “in-line” rating in a research note on Wednesday, February 19th. Finally, Wedbush raised shares of Caterpillar to an “outperform” rating in a research note on Monday, February 3rd. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $383.80.

Caterpillar Company 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.