Cullinan Associates Inc. Buys 7,064 Shares of Caterpillar Inc. (NYSE:CAT)

Cullinan Associates Inc. grew its stake in shares of Caterpillar Inc. (NYSE:CAT – Get Rating) by 22.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 38,462 shares of the industrial products company’s stock after acquiring an additional 7,064 shares during the period. Cullinan Associates Inc.’s holdings in Caterpillar were worth $9,214,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of CAT. Morgan Dempsey Capital Management LLC acquired a new position in shares of Caterpillar during the third quarter worth $33,000. Cowa LLC acquired a new stake in Caterpillar during the third quarter worth approximately $33,000. Alpha Paradigm Partners LLC bought a new position in Caterpillar during the second quarter worth $40,000. McClarren Financial Advisors Inc. bought a new stake in Caterpillar in the 3rd quarter valued at about $49,000. Finally, Heritage Wealth Management LLC bought a new position in shares of Caterpillar in the 2nd quarter worth $62,000. Institutional investors and hedge funds own 68.02% of the company’s stock.

Insider Buying and Selling

In other Caterpillar news, Director David Maclennan purchased 400 shares of the stock in a transaction on Friday, February 17th. The stock was acquired at an average price of $249.29 per share, with a total value of $99,716.00. Following the transaction, the director now directly owns 3,709 shares of the company’s stock, valued at approximately $924,616.61. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Cheryl H. Johnson sold 23,883 shares of Caterpillar stock in a transaction on Friday, February 3rd. The shares were sold at an average price of $250.44, for a total value of $5,981,258.52. Following the sale, the insider now owns 13,857 shares in the company, valued at $3,470,347.08. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director David Maclennan acquired 400 shares of the firm’s stock in a transaction on Friday, February 17th. The stock was bought at an average price of $249.29 per share, with a total value of $99,716.00. Following the completion of the acquisition, the director now directly owns 3,709 shares in the company, valued at approximately $924,616.61. The disclosure for this purchase can be found here. Insiders have sold 90,984 shares of company stock valued at $22,519,893 over the last ninety days. 0.27% of the stock is owned by insiders.

Caterpillar Stock Down 1.7 %

Shares of NYSE:CAT opened at $215.01 on Friday. The stock has a market capitalization of $111.02 billion, a P/E ratio of 17.00, a price-to-earnings-growth ratio of 1.16 and a beta of 1.11. The stock’s 50-day moving average price is $246.19 and its 200-day moving average price is $222.28. The company has a current ratio of 1.39, a quick ratio of 0.87 and a debt-to-equity ratio of 1.62. Caterpillar Inc. has a 12-month low of $160.60 and a 12-month high of $266.04.

Caterpillar (NYSE:CAT – Get Rating) last posted its quarterly earnings results on Tuesday, January 31st. The industrial products company reported $3.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.95 by ($0.09). The company had revenue of $16.60 billion for the quarter, compared to the consensus estimate of $15.84 billion. Caterpillar had a return on equity of 45.61% and a net margin of 11.28%. Caterpillar’s revenue was up 20.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.69 earnings per share. On average, equities analysts anticipate that Caterpillar Inc. will post 15.67 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on CAT shares. Credit Suisse Group raised their price target on shares of Caterpillar from $290.00 to $306.00 and gave the company an “outperform” rating in a research report on Wednesday, February 1st. Cowen lifted their target price on Caterpillar from $240.00 to $264.00 in a report on Friday, December 9th. Cowen upped their target price on Caterpillar from $240.00 to $264.00 and gave the stock an “outperform” rating in a research note on Friday, December 9th. Bank of America upgraded Caterpillar from a “neutral” rating to a “buy” rating and lifted their price target for the company from $217.00 to $295.00 in a research report on Friday, January 13th. Finally, BMO Capital Markets raised their target price on shares of Caterpillar from $210.00 to $230.00 in a research note on Tuesday, February 7th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $241.00.

Caterpillar Company Profile

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Caterpillar, Inc engages in the manufacture of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. It operates through the following segments: Construction Industries, Resource Industries, Energy and Transportation, Financial Products, and All Other.