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.
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.
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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