Iowa State Bank Has $4.42 Million Holdings in Caterpillar Inc. (NYSE:CAT)

Iowa State Bank lifted its holdings in Caterpillar Inc. (NYSE:CATFree Report) by 2.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,943 shares of the industrial products company’s stock after acquiring an additional 338 shares during the period. Iowa State Bank’s holdings in Caterpillar were worth $4,418,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Cornerstone Wealth Management LLC boosted its holdings in shares of Caterpillar by 1.0% in the 4th quarter. Cornerstone Wealth Management LLC now owns 3,507 shares of the industrial products company’s stock worth $1,037,000 after buying an additional 36 shares during the last quarter. ACT Wealth Management LLC boosted its holdings in shares of Caterpillar by 4.3% in the 4th quarter. ACT Wealth Management LLC now owns 877 shares of the industrial products company’s stock worth $259,000 after buying an additional 36 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of Caterpillar by 6.6% in the 2nd quarter. Farther Finance Advisors LLC now owns 595 shares of the industrial products company’s stock worth $146,000 after buying an additional 37 shares during the last quarter. Patriot Financial Group Insurance Agency LLC raised its stake in Caterpillar by 2.0% in the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 1,893 shares of the industrial products company’s stock valued at $560,000 after acquiring an additional 37 shares during the period. Finally, Elwood & Goetz Wealth Advisory Group LLC raised its stake in Caterpillar by 2.0% in the 4th quarter. Elwood & Goetz Wealth Advisory Group LLC now owns 1,916 shares of the industrial products company’s stock valued at $567,000 after acquiring an additional 38 shares during the period. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Caterpillar Stock Performance

Shares of CAT stock traded up $1.23 during trading hours on Tuesday, reaching $364.97. 1,968,646 shares of the company traded hands, compared to its average volume of 2,453,089. Caterpillar Inc. has a 12-month low of $204.04 and a 12-month high of $367.93. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.35 and a quick ratio of 0.87. The company has a market cap of $182.27 billion, a P/E ratio of 18.12, a P/E/G ratio of 1.75 and a beta of 1.17. The firm has a 50-day moving average price of $331.80 and a 200 day moving average price of $289.64.

Caterpillar (NYSE:CATGet Free Report) last issued its earnings results on Monday, February 5th. The industrial products company reported $5.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.76 by $0.47. The company had revenue of $17.07 billion for 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 quarter last year, the company earned $3.86 EPS. As a group, sell-side analysts predict that Caterpillar Inc. will post 21.25 earnings per share for the current fiscal year.

Insider Activity at Caterpillar

In related news, CFO Andrew R. J. Bonfield sold 10,000 shares of Caterpillar stock in a transaction that occurred on Thursday, January 25th. The stock was sold at an average price of $300.04, for a total transaction 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Caterpillar news, CFO Andrew R. J. Bonfield sold 10,000 shares of Caterpillar stock in a transaction that occurred 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 transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Lange Bob De sold 21,194 shares of Caterpillar stock in a transaction that occurred on 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 completion of the sale, the insider now directly owns 61,092 shares in the company, valued at approximately $19,886,667.84. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 45,769 shares of company stock valued at $14,509,306. 0.33% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CAT. Citigroup boosted their price objective on Caterpillar from $255.00 to $340.00 and gave the company a “neutral” rating in a research note on Monday, February 12th. Wells Fargo & Company boosted their price objective on Caterpillar from $290.00 to $325.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 6th. Morgan Stanley began coverage on Caterpillar in a research note on Monday, January 8th. They issued an “equal weight” rating and a $270.00 price objective on the stock. Sanford C. Bernstein boosted their price objective on Caterpillar from $216.00 to $245.00 and gave the company a “market perform” rating in a research note on Thursday, December 21st. Finally, Robert W. Baird upped their price target on Caterpillar from $210.00 to $257.00 and gave the company an “underperform” rating in a research report on Tuesday, February 6th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, Caterpillar currently has an average rating of “Hold” and an average target price of $297.89.

Get Our Latest Analysis on CAT

Caterpillar Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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