Teamwork Financial Advisors LLC Acquires Shares of 18,767 Caterpillar Inc. (NYSE:CAT)

Teamwork Financial Advisors LLC acquired a new stake in shares of Caterpillar Inc. (NYSE:CAT) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 18,767 shares of the industrial products company’s stock, valued at approximately $5,549,000. Caterpillar makes up about 1.0% of Teamwork Financial Advisors LLC’s holdings, making the stock its 25th biggest position.

Other institutional investors have also added to or reduced their stakes in the company. Atlas Capital Advisors LLC grew its holdings in shares of Caterpillar by 272.4% in the first quarter. Atlas Capital Advisors LLC now owns 108 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 79 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its holdings in shares of Caterpillar by 730.8% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 108 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 95 shares in the last quarter. First Capital Advisors Group LLC. purchased a new position in shares of Caterpillar in the second quarter valued at $30,000. CGC Financial Services LLC purchased a new position in shares of Caterpillar in the second quarter valued at $31,000. Finally, SkyView Investment Advisors LLC purchased a new position in shares of Caterpillar in the first quarter valued at $35,000. 70.98% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Caterpillar

In other Caterpillar news, insider Lange Bob De sold 21,194 shares of Caterpillar stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $325.52, for a total value of $6,899,070.88. Following the transaction, the insider now owns 61,092 shares in the company, valued at $19,886,667.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director David Maclennan bought 350 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were bought at an average price of $323.37 per share, for a total transaction of $113,179.50. Following the completion of the purchase, the director now directly owns 5,238 shares of the company’s stock, valued at $1,693,812.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Lange Bob De sold 21,194 shares of the business’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $325.52, for a total value of $6,899,070.88. Following the sale, the insider now owns 61,092 shares in the company, valued at approximately $19,886,667.84. The disclosure for this sale can be found here. Insiders sold 45,769 shares of company stock worth $14,509,306 over the last three months. 0.33% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts recently weighed in on CAT shares. Robert W. Baird raised their target price on shares of Caterpillar from $210.00 to $257.00 and gave the company an “underperform” rating in a report on Tuesday, February 6th. TD Cowen lifted their price objective on shares of Caterpillar from $300.00 to $338.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 6th. Citigroup lifted their price objective on shares of Caterpillar from $255.00 to $340.00 and gave the stock a “neutral” rating in a research note on Monday, February 12th. Wells Fargo & Company lifted their price objective on shares of Caterpillar from $290.00 to $325.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 6th. Finally, Morgan Stanley assumed coverage on shares of Caterpillar in a research note on Monday, January 8th. They set an “equal weight” rating and a $270.00 price objective for the company. One investment 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 stock has an average rating of “Hold” and an average target price of $297.89.

Caterpillar Stock Up 0.5 %

Shares of CAT stock traded up $1.78 on Friday, hitting $366.43. The stock had a trading volume of 2,028,629 shares, compared to its average volume of 2,158,563. The company has a quick ratio of 0.87, a current ratio of 1.35 and a debt-to-equity ratio of 1.25. The business has a 50 day moving average price of $328.78 and a 200 day moving average price of $288.33. The company has a market cap of $183.00 billion, a PE ratio of 18.19, a P/E/G ratio of 1.74 and a beta of 1.16. Caterpillar Inc. has a one year low of $204.04 and a one year high of $367.22.

Caterpillar (NYSE:CAT) last released its quarterly earnings data on Monday, February 5th. The industrial products company reported $5.23 earnings per share for the quarter, beating the consensus estimate of $4.76 by $0.47. The firm had revenue of $17.07 billion during the quarter, compared to the consensus estimate of $17.06 billion. Caterpillar had a return on equity of 56.99% and a net margin of 15.41%. The firm’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period in the previous year, the company posted $3.86 earnings per share. Research analysts anticipate that Caterpillar Inc. will post 21.25 earnings per share for the current fiscal year.

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.