Caterpillar Inc. (NYSE:CAT) Stock Position Raised by tru Independence LLC


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tru Independence LLC raised its position in shares of Caterpillar Inc. (NYSE:CAT) by 40.2% in the fourth quarter, Holdings Channel reports. The firm owned 666 shares of the industrial products company’s stock after buying an additional 191 shares during the period. tru Independence LLC’s holdings in Caterpillar were worth $120,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. HBC Financial Services PLLC bought a new position in shares of Caterpillar in the 4th quarter valued at approximately $31,000. Flagship Private Wealth LLC bought a new position in shares of Caterpillar in the 4th quarter valued at approximately $32,000. Wolff Wiese Magana LLC bought a new position in shares of Caterpillar in the 4th quarter valued at approximately $33,000. Oder Investment Management LLC bought a new position in shares of Caterpillar in the 4th quarter valued at approximately $34,000. Finally, RWM Asset Management LLC bought a new position in shares of Caterpillar in the 4th quarter valued at approximately $36,000. 67.48% of the stock is owned by institutional investors.

Caterpillar stock opened at $230.41 on Thursday. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.54 and a quick ratio of 1.08. The company has a market capitalization of $125.64 billion, a PE ratio of 38.34, a price-to-earnings-growth ratio of 2.14 and a beta of 0.97. Caterpillar Inc. has a one year low of $100.22 and a one year high of $237.78. The business has a 50 day simple moving average of $222.41 and a 200 day simple moving average of $186.67.

Caterpillar (NYSE:CAT) last posted its earnings results on Thursday, January 28th. The industrial products company reported $2.12 EPS for the quarter, topping the Thomson Reuters’ 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 business had revenue of $11.24 billion during the quarter, compared to the consensus estimate of $11.24 billion. During the same quarter last year, the company earned $2.63 EPS. Caterpillar’s revenue was down 14.5% on a year-over-year basis. Equities analysts anticipate that Caterpillar Inc. will post 5.44 earnings per share for the current fiscal year.

In other Caterpillar news, insider Denise C. Johnson sold 80,695 shares of Caterpillar stock in a transaction on Monday, March 8th. The stock was sold at an average price of $219.82, for a total value of $17,738,374.90. Following the completion of the transaction, the insider now owns 38,945 shares in the company, valued at approximately $8,560,889.90. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Gary Michael Marvel sold 4,018 shares of Caterpillar stock in a transaction on Tuesday, February 2nd. The shares were sold at an average price of $190.76, for a total value of $766,473.68. In the last quarter, insiders sold 149,080 shares of company stock valued at $32,650,920. Corporate insiders own 0.31% of the company’s stock.

A number of research analysts recently weighed in on CAT shares. Vertical Research started coverage on Caterpillar in a research note on Wednesday, January 20th. They issued a “buy” rating and a $230.00 price objective on the stock. Barclays raised their target price on Caterpillar from $165.00 to $200.00 and gave the company an “equal weight” rating in a report on Friday, January 15th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell raised their target price on Caterpillar from $205.00 to $245.00 in a report on Tuesday, March 16th. Jefferies Financial Group raised their target price on Caterpillar from $160.00 to $200.00 and gave the company a “hold” rating in a report on Friday, January 15th. Finally, Citigroup raised their target price on Caterpillar from $205.00 to $245.00 in a report on Tuesday, March 16th. Four equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and ten have given a buy rating to the stock. Caterpillar has an average rating of “Hold” and an average target price of $182.05.

Caterpillar Profile

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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