Summitry LLC Grows Holdings in Caterpillar Inc. (NYSE:CAT)

Summitry LLC lifted its position in shares of Caterpillar Inc. (NYSE:CAT) by 3.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,490 shares of the industrial products company’s stock after acquiring an additional 502 shares during the quarter. Summitry LLC’s holdings in Caterpillar were worth $6,345,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Murphy & Mullick Capital Management Corp purchased a new stake in Caterpillar in the 4th quarter worth $59,000. Florida Financial Advisors LLC increased its stake in shares of Caterpillar by 19.2% during the fourth quarter. Florida Financial Advisors LLC now owns 701 shares of the industrial products company’s stock worth $254,000 after purchasing an additional 113 shares in the last quarter. Aire Advisors LLC raised its position in shares of Caterpillar by 1.2% during the 4th quarter. Aire Advisors LLC now owns 9,217 shares of the industrial products company’s stock worth $3,343,000 after purchasing an additional 105 shares during the last quarter. Bay Capital Advisors LLC purchased a new position in Caterpillar in the 4th quarter valued at about $465,000. Finally, PKS Advisory Services LLC purchased a new stake in Caterpillar during the 4th quarter worth approximately $202,000. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. DA Davidson lifted their price target on Caterpillar from $350.00 to $357.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 4th. JPMorgan Chase & Co. lowered their target price on shares of Caterpillar from $515.00 to $490.00 and set an “overweight” rating on the stock in a research note on Friday, January 31st. Jefferies Financial Group increased their target price on shares of Caterpillar from $455.00 to $475.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Wedbush upgraded shares of Caterpillar to an “outperform” rating in a research report on Monday, February 3rd. Finally, Raymond James upgraded shares of Caterpillar from a “market perform” rating to an “outperform” rating in a report on Monday, February 3rd. Two 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.com, Caterpillar has an average rating of “Hold” and a consensus target price of $383.80.

Insiders Place Their Bets

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

Caterpillar Stock Up 0.3 %

Shares of NYSE:CAT opened at $342.65 on Wednesday. The business has a 50-day moving average price of $357.63 and a 200 day moving average price of $372.46. Caterpillar Inc. has a 12-month low of $307.05 and a 12-month high of $418.50. The company has a current ratio of 1.42, a quick ratio of 0.89 and a debt-to-equity ratio of 1.40. The company has a market capitalization of $163.76 billion, a price-to-earnings ratio of 15.53, a PEG ratio of 1.87 and a beta of 1.15.

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