Caterpillar Inc. (NYSE:CAT) Shares Acquired by McGlone Suttner Wealth Management Inc.

McGlone Suttner Wealth Management Inc. lifted its holdings in Caterpillar Inc. (NYSE:CAT) by 11.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,182 shares of the industrial products company’s stock after buying an additional 328 shares during the quarter. McGlone Suttner Wealth Management Inc.’s holdings in Caterpillar were worth $941,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Atlas Capital Advisors LLC boosted its stake in shares of Caterpillar by 272.4% in the first quarter. Atlas Capital Advisors LLC now owns 108 shares of the industrial products company’s stock valued at $25,000 after buying an additional 79 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its stake in shares of Caterpillar by 730.8% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 108 shares of the industrial products company’s stock valued at $25,000 after buying an additional 95 shares in the last quarter. First Capital Advisors Group LLC. purchased a new stake in shares of Caterpillar in the second quarter valued at approximately $30,000. CGC Financial Services LLC purchased a new stake in Caterpillar during the second quarter worth $31,000. Finally, Fortitude Family Office LLC purchased a new stake in Caterpillar during the fourth quarter worth $39,000. 70.98% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have commented on the company. Morgan Stanley assumed coverage on Caterpillar in a research report on Monday, January 8th. They set an “equal weight” rating and a $270.00 target price on the stock. Wells Fargo & Company boosted their target price on Caterpillar from $290.00 to $325.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 6th. Evercore ISI downgraded Caterpillar from an “outperform” rating to an “in-line” rating and boosted their target price for the stock from $321.00 to $338.00 in a research report on Tuesday, February 20th. StockNews.com downgraded Caterpillar from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 20th. Finally, TD Cowen upped their price objective on Caterpillar from $300.00 to $338.00 and gave the company an “outperform” rating in a research report on Tuesday, February 6th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, Caterpillar has a consensus rating of “Hold” and an average price target of $297.89.

Insiders Place Their Bets

In other Caterpillar news, CFO Andrew R. J. Bonfield sold 10,000 shares of the company’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $310.10, for a total transaction of $3,101,000.00. Following the completion of the sale, the chief financial officer now directly owns 57,317 shares in the company, valued at $17,774,001.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director David Maclennan bought 350 shares of the stock in a transaction dated Friday, February 23rd. The stock was acquired at an average price of $323.37 per share, for a total transaction of $113,179.50. Following the completion of the purchase, the director now owns 5,238 shares in the company, valued at $1,693,812.06. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $310.10, for a total value of $3,101,000.00. Following the completion of the transaction, the chief financial officer now directly owns 57,317 shares of the company’s stock, valued at approximately $17,774,001.70. The disclosure for this sale can be found here. Insiders sold 45,769 shares of company stock worth $14,509,306 over the last three months. 0.33% of the stock is owned by insiders.

Caterpillar Trading Up 0.5 %

Caterpillar stock traded up $1.73 during trading on Thursday, hitting $366.38. The company’s stock had a trading volume of 2,028,222 shares, compared to its average volume of 2,469,203. The stock has a market capitalization of $182.97 billion, a price-to-earnings ratio of 18.19, a P/E/G ratio of 1.70 and a beta of 1.16. The stock’s fifty day moving average is $325.46 and its 200 day moving average is $287.19. Caterpillar Inc. has a 1-year low of $204.04 and a 1-year high of $367.22. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.87 and a current ratio of 1.35.

Caterpillar (NYSE:CAT) last announced its quarterly earnings results on Monday, February 5th. The industrial products company reported $5.23 EPS for the quarter, topping the consensus estimate of $4.76 by $0.47. The company had revenue of $17.07 billion during the quarter, compared to analyst estimates of $17.06 billion. Caterpillar had a return on equity of 56.99% and a net margin of 15.41%. The firm’s revenue was up 2.8% on a year-over-year basis. During the same period in the prior year, the firm posted $3.86 earnings per share. As a group, equities research analysts predict that Caterpillar Inc. will post 21.25 EPS 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.