Caterpillar Inc. (NYSE:CAT) Shares Acquired by Evoke Wealth LLC

Evoke Wealth LLC lifted its position in Caterpillar Inc. (NYSE:CAT) by 31.2% in the fourth quarter, Holdings Channel reports. The firm owned 3,243 shares of the industrial products company’s stock after acquiring an additional 771 shares during the period. Evoke Wealth LLC’s holdings in Caterpillar were worth $1,176,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in CAT. Principal Financial Group Inc. boosted its position in shares of Caterpillar by 0.7% in the 3rd quarter. Principal Financial Group Inc. now owns 729,654 shares of the industrial products company’s stock valued at $285,382,000 after purchasing an additional 5,371 shares during the period. Caprock Group LLC boosted its position in shares of Caterpillar by 14.7% in the 3rd quarter. Caprock Group LLC now owns 12,937 shares of the industrial products company’s stock valued at $5,060,000 after purchasing an additional 1,661 shares during the period. Chesapeake Wealth Management boosted its position in shares of Caterpillar by 7.7% in the 3rd quarter. Chesapeake Wealth Management now owns 2,480 shares of the industrial products company’s stock valued at $970,000 after purchasing an additional 177 shares during the period. OneAscent Financial Services LLC acquired a new stake in shares of Caterpillar in the 3rd quarter valued at about $4,369,000. Finally, Prospera Financial Services Inc boosted its position in shares of Caterpillar by 8.3% in the 3rd quarter. Prospera Financial Services Inc now owns 95,620 shares of the industrial products company’s stock valued at $37,409,000 after purchasing an additional 7,293 shares during the period. 70.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CAT has been the subject of several analyst reports. DA Davidson upped their price objective on Caterpillar from $350.00 to $357.00 and gave the company a “neutral” rating in a research note on Tuesday, February 4th. Evercore ISI upped their price objective on Caterpillar from $365.00 to $375.00 and gave the company an “in-line” rating in a research note on Wednesday, February 19th. Raymond James raised Caterpillar from a “market perform” rating to an “outperform” rating in a research note on Monday, February 3rd. StockNews.com downgraded Caterpillar from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Finally, Morgan Stanley reduced their price objective on Caterpillar from $330.00 to $300.00 and set an “underweight” rating for the company in a research note on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $383.80.

Caterpillar Stock Performance

NYSE CAT opened at $336.67 on Wednesday. Caterpillar Inc. has a 1-year low of $307.05 and a 1-year high of $418.50. The company has a market capitalization of $160.90 billion, a P/E ratio of 15.25, a PEG ratio of 1.87 and a beta of 1.15. The business has a 50 day moving average price of $359.86 and a 200 day moving average price of $372.46. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.42 and a quick ratio of 0.89.

Caterpillar (NYSE:CAT) last released its quarterly earnings data on Thursday, January 30th. The industrial products company reported $5.14 earnings per share for the quarter, beating the consensus estimate of $4.97 by $0.17. Caterpillar had a return on equity of 58.18% and a net margin of 16.65%. Sell-side analysts expect that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

Insider Activity at Caterpillar

In other Caterpillar news, insider Jason Kaiser sold 2,425 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $354.70, for a total transaction of $860,147.50. Following the sale, the insider now owns 6,275 shares in the company, valued at approximately $2,225,742.50. This represents a 27.87 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $380.09, for a total value of $3,800,900.00. Following the sale, the chief financial officer now owns 45,182 shares in the company, valued at approximately $17,173,226.38. This trade represents a 18.12 % decrease in their position. The disclosure for this sale can be found here. 0.29% of the stock is currently owned by company insiders.

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.