Caterpillar Inc. (NYSE:CAT) Shares Sold by Evanson Asset Management LLC

Evanson Asset Management LLC trimmed its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 7.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,350 shares of the industrial products company’s stock after selling 116 shares during the period. Evanson Asset Management LLC’s holdings in Caterpillar were worth $399,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of CAT. BCK Partners Inc. bought a new position in Caterpillar during the first quarter valued at about $2,580,000. Sei Investments Co. boosted its stake in Caterpillar by 17.3% during the first quarter. Sei Investments Co. now owns 65,643 shares of the industrial products company’s stock valued at $14,634,000 after buying an additional 9,695 shares in the last quarter. Dakota Wealth Management bought a new position in Caterpillar during the first quarter valued at about $405,000. Mather Group LLC. boosted its stake in Caterpillar by 6.8% during the first quarter. Mather Group LLC. now owns 2,592 shares of the industrial products company’s stock valued at $577,000 after buying an additional 165 shares in the last quarter. Finally, NewEdge Advisors LLC boosted its stake in Caterpillar by 4.4% during the first quarter. NewEdge Advisors LLC now owns 49,705 shares of the industrial products company’s stock valued at $11,075,000 after buying an additional 2,076 shares in the last quarter. 70.98% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Caterpillar

In other news, CFO Andrew R. J. Bonfield sold 10,000 shares of the firm’s stock in a transaction dated Thursday, January 25th. The stock was sold at an average price of $300.04, for a total value of $3,000,400.00. Following the completion of the sale, the chief financial officer now directly owns 67,317 shares in the company, valued at approximately $20,197,792.68. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, Director David Maclennan acquired 350 shares of the stock in a transaction dated Friday, February 23rd. The stock was purchased at an average cost of $323.37 per share, with a total value of $113,179.50. Following the completion of the purchase, the director now directly owns 5,238 shares in the company, valued at approximately $1,693,812.06. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the company’s stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $300.04, for a total value of $3,000,400.00. Following the sale, the chief financial officer now owns 67,317 shares of the company’s stock, valued at approximately $20,197,792.68. The disclosure for this sale can be found here. Insiders have sold 45,769 shares of company stock worth $14,509,306 over the last ninety days. Insiders own 0.33% of the company’s stock.

Caterpillar Stock Performance

Shares of NYSE CAT traded up $1.73 during trading hours on Thursday, reaching $366.38. 2,028,222 shares of the stock were exchanged, compared to its average volume of 2,469,203. The stock’s fifty day simple moving average is $325.46 and its 200 day simple moving average is $287.19. The firm has a market capitalization of $182.97 billion, a price-to-earnings ratio of 18.19, a P/E/G ratio of 1.70 and a beta of 1.16. Caterpillar Inc. has a 52 week low of $204.04 and a 52 week high of $367.22. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.87 and a current ratio of 1.35.

Caterpillar (NYSE:CAT) last issued its quarterly earnings results on Monday, February 5th. The industrial products company reported $5.23 EPS for the quarter, topping analysts’ consensus estimates of $4.76 by $0.47. The company had revenue of $17.07 billion for the quarter, compared to analysts’ expectations of $17.06 billion. Caterpillar had a return on equity of 56.99% and a net margin of 15.41%. Caterpillar’s revenue was up 2.8% on a year-over-year basis. During the same quarter last year, the business earned $3.86 earnings per share. Sell-side analysts predict that Caterpillar Inc. will post 21.25 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on CAT shares. 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 research note on Tuesday, December 19th. JPMorgan Chase & Co. raised their price objective on Caterpillar from $345.00 to $385.00 and gave the company an “overweight” rating in a research note on Tuesday, February 6th. Citigroup lifted their price target on shares of Caterpillar from $255.00 to $340.00 and gave the company a “neutral” rating in a research report on Monday, February 12th. Wells Fargo & Company raised their target price on shares of Caterpillar from $290.00 to $325.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 6th. Finally, TD Cowen raised their price target on Caterpillar from $300.00 to $338.00 and gave the company an “outperform” rating in a research report on Tuesday, February 6th. One analyst has rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $297.89.

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.