Caterpillar Inc. (NYSE:CAT) Shares Purchased by Chicago Capital LLC

Chicago Capital LLC grew its position in shares of Caterpillar Inc. (NYSE:CATFree Report) by 241.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 13,767 shares of the industrial products company’s stock after acquiring an additional 9,732 shares during the period. Chicago Capital LLC’s holdings in Caterpillar were worth $4,070,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Atlas Capital Advisors LLC grew 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 grew 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. Gilfoyle & Co LLC acquired a new stake in shares of Caterpillar in the fourth quarter valued at about $30,000. First Capital Advisors Group LLC. acquired a new stake in shares of Caterpillar in the second quarter valued at about $30,000. Finally, CGC Financial Services LLC acquired a new stake in shares of Caterpillar in the second quarter valued at about $31,000. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CFO Andrew R. J. Bonfield sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $310.10, for a total value of $3,101,000.00. Following the sale, the chief financial officer now owns 57,317 shares of the company’s stock, valued at approximately $17,774,001.70. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CFO Andrew R. J. Bonfield sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $310.10, for a total value of $3,101,000.00. Following the sale, the chief financial officer now directly owns 57,317 shares in the company, valued at approximately $17,774,001.70. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Anthony D. Fassino sold 4,575 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $329.80, for a total value of $1,508,835.00. Following the completion of the sale, the insider now owns 23,474 shares in the company, valued at $7,741,725.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 45,769 shares of company stock valued at $14,509,306. Insiders own 0.33% of the company’s stock.

Caterpillar Trading Down 0.8 %

NYSE:CAT opened at $363.64 on Tuesday. The company has a market cap of $181.60 billion, a PE ratio of 18.06, a P/E/G ratio of 1.75 and a beta of 1.17. Caterpillar Inc. has a 52 week low of $204.04 and a 52 week high of $367.93. The company has a quick ratio of 0.87, a current ratio of 1.35 and a debt-to-equity ratio of 1.25. The business’s 50 day moving average is $330.28 and its two-hundred day moving average is $289.03.

Caterpillar (NYSE:CATGet Free Report) last announced its quarterly earnings results on Monday, February 5th. The industrial products company reported $5.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.76 by $0.47. The business had revenue of $17.07 billion for the quarter, compared to the consensus estimate of $17.06 billion. Caterpillar had a return on equity of 56.99% and a net margin of 15.41%. The business’s revenue was up 2.8% on a year-over-year basis. During the same quarter last year, the business posted $3.86 EPS. On average, analysts predict that Caterpillar Inc. will post 21.25 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on CAT shares. StockNews.com lowered Caterpillar from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 20th. The Goldman Sachs Group increased their price target on Caterpillar from $274.00 to $357.00 and gave the company a “buy” rating in a report on Tuesday, February 6th. Truist Financial began coverage on Caterpillar in a report on Thursday, March 14th. They issued a “buy” rating and a $390.00 price target for the company. TD Cowen increased their price target on Caterpillar from $300.00 to $338.00 and gave the company an “outperform” rating in a report on Tuesday, February 6th. Finally, Sanford C. Bernstein increased their price target on Caterpillar from $216.00 to $245.00 and gave the company a “market perform” rating in a report on Thursday, December 21st. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $297.89.

Get Our Latest Analysis on Caterpillar

Caterpillar Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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