Caterpillar Inc. (NYSE:CAT) Shares Sold by Cahaba Wealth Management Inc.

Cahaba Wealth Management Inc. trimmed its position in Caterpillar Inc. (NYSE:CATFree Report) by 19.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,219 shares of the industrial products company’s stock after selling 543 shares during the quarter. Cahaba Wealth Management Inc.’s holdings in Caterpillar were worth $656,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of CAT. Moneta Group Investment Advisors LLC boosted its holdings in Caterpillar by 130,632.5% in the 4th 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 during the last quarter. Norges Bank acquired a new position in shares of Caterpillar in the 4th quarter worth approximately $1,175,255,000. Ontario Teachers Pension Plan Board acquired a new position in shares of Caterpillar in the 1st quarter worth approximately $433,134,000. Imprint Wealth LLC lifted its holdings in shares of Caterpillar by 24,982.9% in the 2nd quarter. Imprint Wealth LLC now owns 1,538,084 shares of the industrial products company’s stock worth $153,808,000 after acquiring an additional 1,531,952 shares during the last quarter. Finally, Winslow Capital Management LLC lifted its holdings in shares of Caterpillar by 2,265.3% in the 3rd quarter. Winslow Capital Management LLC now owns 1,117,830 shares of the industrial products company’s stock worth $305,168,000 after acquiring an additional 1,070,570 shares during the last quarter. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on CAT shares. TD Cowen upped their price objective on shares of Caterpillar from $300.00 to $338.00 and gave the stock an “outperform” rating in a report on Tuesday, February 6th. Stifel Nicolaus increased their target price on shares of Caterpillar from $285.00 to $293.00 and gave the stock a “buy” rating in a report on Tuesday, December 19th. Truist Financial began coverage on shares of Caterpillar in a report on Thursday, March 14th. They set a “buy” rating and a $390.00 target price on the stock. The Goldman Sachs Group raised their price objective on shares of Caterpillar from $274.00 to $357.00 and gave the company a “buy” rating in a report on Tuesday, February 6th. Finally, Morgan Stanley began coverage on shares of Caterpillar in a report on Monday, January 8th. They issued an “equal weight” rating and a $270.00 price objective on the stock. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the company. According to MarketBeat, Caterpillar currently has a consensus rating of “Hold” and a consensus target price of $297.89.

Get Our Latest Research Report on Caterpillar

Insiders Place Their Bets

In other news, CFO Andrew R. J. Bonfield sold 10,000 shares of Caterpillar stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $310.10, for a total value of $3,101,000.00. Following the sale, the chief financial officer now owns 57,317 shares of the company’s stock, valued at $17,774,001.70. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CFO Andrew R. J. Bonfield sold 10,000 shares of Caterpillar stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $310.10, for a total value of $3,101,000.00. Following the sale, the chief financial officer now owns 57,317 shares of the company’s stock, valued at $17,774,001.70. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Lange Bob De sold 21,194 shares of Caterpillar stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $325.52, for a total transaction 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 three months, insiders have sold 45,769 shares of company stock valued at $14,509,306. Insiders own 0.33% of the company’s stock.

Caterpillar Stock Performance

Caterpillar stock traded up $1.23 during midday trading on Tuesday, hitting $364.97. 1,968,646 shares of the company’s stock were exchanged, 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 quick ratio of 0.87 and a current ratio of 1.35. The stock has a market cap of $182.27 billion, a price-to-earnings ratio of 18.12, a price-to-earnings-growth ratio of 1.75 and a beta of 1.17. The firm’s 50 day simple moving average is $331.80 and its 200 day simple moving average is $289.64.

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

About Caterpillar

(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.

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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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