Caterpillar Inc. (NYSE:CAT) Shares Sold by Triangle Securities Wealth Management

Triangle Securities Wealth Management decreased its holdings in shares of Caterpillar Inc. (NYSE:CAT – Get Rating) by 1.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,165 shares of the industrial products company’s stock after selling 125 shares during the period. Triangle Securities Wealth Management’s holdings in Caterpillar were worth $1,956,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. Greenleaf Trust boosted its position in shares of Caterpillar by 0.4% during the 3rd quarter. Greenleaf Trust now owns 13,044 shares of the industrial products company’s stock valued at $2,140,000 after purchasing an additional 46 shares in the last quarter. Ironwood Investment Counsel LLC boosted its position in shares of Caterpillar by 1.5% during the 3rd quarter. Ironwood Investment Counsel LLC now owns 3,355 shares of the industrial products company’s stock valued at $550,000 after purchasing an additional 48 shares in the last quarter. M Holdings Securities Inc. boosted its position in shares of Caterpillar by 0.9% during the 3rd quarter. M Holdings Securities Inc. now owns 5,499 shares of the industrial products company’s stock valued at $902,000 after purchasing an additional 48 shares in the last quarter. Gilbert & Cook Inc. boosted its position in shares of Caterpillar by 1.2% during the 3rd quarter. Gilbert & Cook Inc. now owns 4,118 shares of the industrial products company’s stock valued at $884,000 after purchasing an additional 49 shares in the last quarter. Finally, Marks Group Wealth Management Inc boosted its position in shares of Caterpillar by 2.6% during the 2nd quarter. Marks Group Wealth Management Inc now owns 1,995 shares of the industrial products company’s stock valued at $357,000 after purchasing an additional 51 shares in the last quarter. Institutional investors own 68.02% of the company’s stock.

Insider Activity at Caterpillar

In related news, Director Daniel M. Dickinson sold 6,070 shares of the firm’s stock in a transaction that occurred on Monday, February 6th. The shares were sold at an average price of $251.22, for a total transaction of $1,524,905.40. Following the transaction, the director now owns 5,038 shares of the company’s stock, valued at $1,265,646.36. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, Director David Maclennan purchased 400 shares of the company’s stock in a transaction dated Friday, February 17th. The shares were bought at an average price of $249.29 per share, with a total value of $99,716.00. Following the completion of the transaction, the director now directly owns 3,709 shares in the company, valued at approximately $924,616.61. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, Director Daniel M. Dickinson sold 6,070 shares of Caterpillar stock in a transaction that occurred on Monday, February 6th. The shares were sold at an average price of $251.22, for a total transaction of $1,524,905.40. Following the completion of the transaction, the director now directly owns 5,038 shares in the company, valued at approximately $1,265,646.36. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 90,984 shares of company stock valued at $22,519,893. 0.27% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

CAT has been the subject of several recent analyst reports. Barclays raised their target price on shares of Caterpillar from $200.00 to $225.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 1st. Credit Suisse Group raised their target price on shares of Caterpillar from $290.00 to $306.00 and gave the stock an “outperform” rating in a report on Wednesday, February 1st. BMO Capital Markets raised their target price on shares of Caterpillar from $210.00 to $230.00 in a report on Tuesday, February 7th. Wells Fargo & Company raised their target price on shares of Caterpillar from $228.00 to $240.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 1st. Finally, Citigroup raised their target price on shares of Caterpillar to $250.00 in a report on Wednesday, December 14th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, Caterpillar currently has an average rating of “Hold” and a consensus target price of $241.00.

Caterpillar Stock Down 1.7 %

CAT traded down $3.70 during midday trading on Friday, hitting $215.01. 7,203,047 shares of the company’s stock traded hands, compared to its average volume of 3,480,817. The company has a market cap of $111.02 billion, a PE ratio of 17.00, a price-to-earnings-growth ratio of 1.20 and a beta of 1.11. The stock’s fifty day simple moving average is $246.19 and its 200-day simple moving average is $222.03. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.39 and a quick ratio of 0.87. Caterpillar Inc. has a one year low of $160.60 and a one year high of $266.04.

Caterpillar (NYSE:CAT – Get Rating) last issued its quarterly earnings data on Tuesday, January 31st. The industrial products company reported $3.86 earnings per share for the quarter, missing the consensus estimate of $3.95 by ($0.09). The business had revenue of $16.60 billion for the quarter, compared to the consensus estimate of $15.84 billion. Caterpillar had a net margin of 11.28% and a return on equity of 45.61%. Caterpillar’s revenue was up 20.3% compared to the same quarter last year. During the same period in the previous year, the business posted $2.69 EPS. As a group, equities analysts anticipate that Caterpillar Inc. will post 15.67 earnings per share for the current fiscal year.

Caterpillar Profile

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Caterpillar, Inc engages in the manufacture of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. It operates through the following segments: Construction Industries, Resource Industries, Energy and Transportation, Financial Products, and All Other.