Woodmont Investment Counsel LLC Has $1.89 Million Stock Position in Caterpillar Inc. (NYSE:CAT)

Woodmont Investment Counsel LLC lifted its stake in shares of Caterpillar Inc. (NYSE:CAT) by 105.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,208 shares of the industrial products company’s stock after purchasing an additional 2,670 shares during the quarter. Woodmont Investment Counsel LLC’s holdings in Caterpillar were worth $1,889,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Flagship Wealth Advisors LLC acquired a new stake in shares of Caterpillar during the 4th quarter worth $26,000. Halbert Hargrove Global Advisors LLC bought a new stake in shares of Caterpillar during the 4th quarter worth $27,000. Cyrus J. Lawrence LLC bought a new stake in shares of Caterpillar during the 4th quarter worth $27,000. Noble Wealth Management PBC bought a new stake in shares of Caterpillar during the 4th quarter worth $31,000. Finally, Retirement Wealth Solutions LLC bought a new stake in shares of Caterpillar during the 4th quarter worth $34,000. 70.98% of the stock is owned by institutional investors and hedge funds.

Caterpillar Price Performance

Shares of CAT opened at $335.49 on Monday. Caterpillar Inc. has a 1 year low of $307.05 and a 1 year high of $418.50. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.42 and a quick ratio of 0.89. The company has a market capitalization of $160.34 billion, a price-to-earnings ratio of 15.20, a price-to-earnings-growth ratio of 1.87 and a beta of 1.15. The business has a 50-day moving average of $358.61 and a 200-day moving average of $372.30.

Caterpillar (NYSE:CAT) last issued its quarterly earnings data on Thursday, January 30th. The industrial products company reported $5.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.97 by $0.17. Caterpillar had a return on equity of 58.18% and a net margin of 16.65%. As a group, equities research analysts anticipate that Caterpillar Inc. will post 19.86 earnings per share for the current year.

Insider Buying and Selling

In other Caterpillar news, Director Gerald Johnson bought 100 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The stock was acquired at an average price of $365.57 per share, with a total value of $36,557.00. Following the completion of the purchase, the director now directly owns 3,053 shares of the company’s stock, valued at approximately $1,116,085.21. This trade represents a 3.39 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Jason Kaiser sold 2,425 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $354.70, for a total value of $860,147.50. Following the sale, the insider now directly owns 6,275 shares of the company’s stock, valued at $2,225,742.50. This represents a 27.87 % decrease in their position. The disclosure for this sale can be found here. 0.29% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on CAT. Bank of America dropped their price objective on Caterpillar from $452.00 to $414.00 and set a “buy” rating for the company in a research report on Friday, January 31st. StockNews.com downgraded Caterpillar from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Jefferies Financial Group upped their price objective on Caterpillar from $455.00 to $475.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Raymond James upgraded Caterpillar from a “market perform” rating to an “outperform” rating in a research report on Monday, February 3rd. Finally, JPMorgan Chase & Co. dropped their target price on Caterpillar from $515.00 to $490.00 and set an “overweight” rating for the company in a research report on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $383.80.

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.