225 Shares in Caterpillar Inc. (NYSE:CAT) Bought by Encompass Wealth Advisors LLC


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Encompass Wealth Advisors LLC purchased a new stake in Caterpillar Inc. (NYSE:CAT) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 225 shares of the industrial products company’s stock, valued at approximately $41,000.

Other hedge funds have also recently modified their holdings of the company. Price T Rowe Associates Inc. MD increased its position in Caterpillar by 109.1% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 13,041,360 shares of the industrial products company’s stock worth $2,373,788,000 after buying an additional 6,803,900 shares during the period. Norges Bank purchased a new position in Caterpillar in the fourth quarter worth $878,514,000. FMR LLC lifted its holdings in Caterpillar by 42.3% in the fourth quarter. FMR LLC now owns 6,019,787 shares of the industrial products company’s stock valued at $1,095,721,000 after acquiring an additional 1,788,783 shares during the period. Amundi Pioneer Asset Management Inc. boosted its position in shares of Caterpillar by 23.9% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 3,444,897 shares of the industrial products company’s stock worth $627,039,000 after purchasing an additional 665,237 shares in the last quarter. Finally, Morgan Stanley increased its holdings in shares of Caterpillar by 11.9% in the 4th quarter. Morgan Stanley now owns 4,867,473 shares of the industrial products company’s stock valued at $885,977,000 after purchasing an additional 519,151 shares in the last quarter. 67.48% of the stock is currently owned by institutional investors.

Shares of NYSE:CAT opened at $230.41 on Thursday. The company has a market cap of $125.64 billion, a PE ratio of 38.34, a P/E/G ratio of 2.14 and a beta of 0.97. Caterpillar Inc. has a fifty-two week low of $100.22 and a fifty-two week high of $237.78. The firm has a 50-day simple moving average of $222.41 and a 200 day simple moving average of $186.67. The company has a quick ratio of 1.08, a current ratio of 1.54 and a debt-to-equity ratio of 1.74.

Caterpillar (NYSE:CAT) last issued its quarterly earnings data on Thursday, January 28th. The industrial products company reported $2.12 EPS for the quarter, topping the Zacks’ consensus estimate of $1.49 by $0.63. Caterpillar had a return on equity of 25.24% and a net margin of 7.60%. The firm had revenue of $11.24 billion during the quarter, compared to the consensus estimate of $11.24 billion. The firm’s revenue was down 14.5% on a year-over-year basis. During the same period in the prior year, the business earned $2.63 EPS. As a group, research analysts forecast that Caterpillar Inc. will post 5.44 EPS for the current fiscal year.

In other Caterpillar news, CAO Gary Michael Marvel sold 5,056 shares of the company’s stock in a transaction that occurred on Monday, March 8th. The shares were sold at an average price of $220.97, for a total value of $1,117,224.32. Following the transaction, the chief accounting officer now owns 5,623 shares in the company, valued at approximately $1,242,514.31. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, General Counsel Suzette M. Long sold 59,311 shares of the stock in a transaction that occurred on Monday, March 8th. The stock was sold at an average price of $219.67, for a total transaction of $13,028,847.37. Following the completion of the sale, the general counsel now owns 33,320 shares of the company’s stock, valued at approximately $7,319,404.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 149,080 shares of company stock worth $32,650,920. Company insiders own 0.31% of the company’s stock.

CAT has been the subject of several research reports. OTR Global raised Caterpillar to a “positive” rating in a report on Monday, December 14th. Jefferies Financial Group lifted their target price on shares of Caterpillar from $160.00 to $200.00 and gave the stock a “hold” rating in a research report on Friday, January 15th. Stifel Nicolaus raised their price objective on shares of Caterpillar from $175.00 to $195.00 and gave the stock a “buy” rating in a research note on Tuesday, December 15th. Credit Suisse Group increased their target price on Caterpillar from $228.00 to $235.00 and gave the company an “outperform” rating in a report on Monday, February 1st. Finally, Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell boosted their target price on shares of Caterpillar from $205.00 to $245.00 in a research note on Tuesday, March 16th. Four analysts have rated the stock with a sell rating, twelve have given a hold rating and ten have given a buy rating to the company’s stock. Caterpillar has an average rating of “Hold” and an average target price of $182.05.

About Caterpillar

Caterpillar Inc manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives worldwide. Its Construction Industries segment offers asphalt pavers, compactors, cold planers, motorgraders, pipelayers, road reclaimers, telehandlers, and utility vehicles; backhoe, compact track, multi-terrain, skid steer, and track-type loaders; forestry and wheel excavators; and site prep and track-type tractors.

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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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