Titleist Asset Management LLC Purchases 511 Shares of Caterpillar Inc. (NYSE:CAT)

Titleist Asset Management LLC lifted its stake in Caterpillar Inc. (NYSE:CAT) by 20.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 3,062 shares of the industrial products company’s stock after purchasing an additional 511 shares during the quarter. Titleist Asset Management LLC’s holdings in Caterpillar were worth $1,111,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Principal Financial Group Inc. grew its position in Caterpillar by 0.7% in the third quarter. Principal Financial Group Inc. now owns 729,654 shares of the industrial products company’s stock valued at $285,382,000 after acquiring an additional 5,371 shares during the last quarter. EP Wealth Advisors LLC grew its holdings in shares of Caterpillar by 55.0% during the 3rd quarter. EP Wealth Advisors LLC now owns 18,032 shares of the industrial products company’s stock valued at $7,053,000 after purchasing an additional 6,400 shares during the last quarter. Orion Portfolio Solutions LLC lifted its stake in Caterpillar by 3.3% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 27,053 shares of the industrial products company’s stock valued at $10,581,000 after purchasing an additional 856 shares during the last quarter. Dunhill Financial LLC boosted its position in Caterpillar by 47.0% in the third quarter. Dunhill Financial LLC now owns 169 shares of the industrial products company’s stock valued at $66,000 after buying an additional 54 shares in the last quarter. Finally, Northeast Financial Consultants Inc bought a new stake in shares of Caterpillar during the third quarter worth $232,000. 70.98% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CAT has been the topic of several recent research reports. DA Davidson raised their price objective on Caterpillar from $350.00 to $357.00 and gave the company a “neutral” rating in a report on Tuesday, February 4th. Wedbush raised Caterpillar 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. Truist Financial cut their target price on shares of Caterpillar from $455.00 to $438.00 and set a “buy” rating on the stock in a research report on Monday, February 3rd. Finally, Evercore ISI upped their price target on shares of Caterpillar from $365.00 to $375.00 and gave the company an “in-line” rating in a research report on Wednesday, February 19th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $383.80.

Insiders Place Their Bets

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

Caterpillar Stock Performance

CAT stock opened at $287.57 on Monday. Caterpillar Inc. has a 1-year low of $269.43 and a 1-year 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 stock has a 50-day moving average price of $346.83 and a 200-day moving average price of $371.43. The firm has a market cap of $137.44 billion, a PE ratio of 13.03, a price-to-earnings-growth ratio of 1.87 and a beta of 1.21.

Caterpillar (NYSE:CAT) last issued its quarterly earnings results on Thursday, January 30th. The industrial products company reported $5.14 earnings per share (EPS) 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%. As a group, equities research analysts expect that Caterpillar Inc. will post 19.86 earnings per share for the current year.

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.