Gleason Group Inc. Has $1.01 Million Stock Holdings in Caterpillar Inc. (NYSE:CAT)

Gleason Group Inc. decreased its position in Caterpillar Inc. (NYSE:CAT) by 1.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,409 shares of the industrial products company’s stock after selling 36 shares during the quarter. Gleason Group Inc.’s holdings in Caterpillar were worth $1,008,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Moneta Group Investment Advisors LLC raised its stake in Caterpillar by 130,632.5% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 9,784,017 shares of the industrial products company’s stock valued at $2,343,859,000 after purchasing an additional 9,776,533 shares in the last quarter. Norges Bank bought a new position in Caterpillar in the 4th quarter worth $1,175,255,000. Ontario Teachers Pension Plan Board bought a new position in Caterpillar in the first quarter worth about $433,134,000. Imprint Wealth LLC raised its stake in Caterpillar by 24,982.9% in the second quarter. Imprint Wealth LLC now owns 1,538,084 shares of the industrial products company’s stock worth $153,808,000 after buying an additional 1,531,952 shares in the last quarter. Finally, Winslow Capital Management LLC raised its stake in Caterpillar by 2,265.3% in the third quarter. Winslow Capital Management LLC now owns 1,117,830 shares of the industrial products company’s stock worth $305,168,000 after buying an additional 1,070,570 shares in the last quarter. Institutional investors own 70.98% of the company’s stock.

Caterpillar Price Performance

CAT stock traded up $1.78 during midday trading on Friday, hitting $366.43. 2,028,629 shares of the stock were exchanged, compared to its average volume of 2,158,563. The stock’s 50-day moving average price is $328.78 and its 200-day moving average price is $288.33. The stock has a market cap of $183.00 billion, a price-to-earnings ratio of 18.19, a PEG ratio of 1.74 and a beta of 1.16. Caterpillar Inc. has a fifty-two week low of $204.04 and a fifty-two 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 announced its quarterly earnings data on Monday, February 5th. The industrial products company reported $5.23 EPS for the quarter, beating analysts’ consensus estimates of $4.76 by $0.47. Caterpillar had a return on equity of 56.99% and a net margin of 15.41%. The business had revenue of $17.07 billion during the quarter, compared to the consensus estimate of $17.06 billion. During the same quarter in the previous year, the business earned $3.86 earnings per share. The business’s revenue for the quarter was up 2.8% on a year-over-year basis. Research analysts predict that Caterpillar Inc. will post 21.25 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have issued reports on CAT. The Goldman Sachs Group upped their target price on shares of Caterpillar from $274.00 to $357.00 and gave the company a “buy” rating in a research note on Tuesday, February 6th. Sanford C. Bernstein increased their target price on shares of Caterpillar from $216.00 to $245.00 and gave the stock a “market perform” rating in a report on Thursday, December 21st. TD Cowen increased their price objective on shares of Caterpillar from $300.00 to $338.00 and gave the company an “outperform” rating in a report on Tuesday, February 6th. Evercore ISI downgraded Caterpillar from an “outperform” rating to an “in-line” rating and increased their target price for the company from $321.00 to $338.00 in a research report on Tuesday, February 20th. Finally, Truist Financial began coverage on Caterpillar in a research report on Thursday, March 14th. They set a “buy” rating and a $390.00 target price for the company. 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 company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $297.89.

Insiders Place Their Bets

In other Caterpillar news, CFO Andrew R. J. Bonfield sold 10,000 shares of the stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $310.10, for a total transaction of $3,101,000.00. Following the transaction, the chief financial officer now owns 57,317 shares of the company’s stock, valued at approximately $17,774,001.70. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, insider Anthony D. Fassino sold 4,575 shares of the stock in a transaction 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 sale, the insider now directly owns 23,474 shares in the company, valued at $7,741,725.20. The sale 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 Caterpillar stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $310.10, for a total value of $3,101,000.00. Following the completion of the transaction, the chief financial officer now owns 57,317 shares in the company, valued at $17,774,001.70. The disclosure for this sale can be found here. Insiders have sold a total of 45,769 shares of company stock worth $14,509,306 over the last quarter. 0.33% of the stock is owned by corporate insiders.

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.