ERTS Wealth Advisors LLC Takes $222,000 Position in Caterpillar Inc. (NYSE:CAT)

ERTS Wealth Advisors LLC acquired a new stake in Caterpillar Inc. (NYSE:CATFree Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 750 shares of the industrial products company’s stock, valued at approximately $222,000.

A number of other institutional investors also recently modified their holdings of the company. Moneta Group Investment Advisors LLC boosted its stake in Caterpillar by 130,632.5% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 9,784,017 shares of the industrial products company’s stock worth $2,343,859,000 after acquiring an additional 9,776,533 shares in the last quarter. Northern Trust Corp boosted its stake in Caterpillar by 1.6% during the third quarter. Northern Trust Corp now owns 6,962,809 shares of the industrial products company’s stock worth $1,900,847,000 after acquiring an additional 111,384 shares in the last quarter. Morgan Stanley boosted its stake in Caterpillar by 0.7% during the third quarter. Morgan Stanley now owns 6,830,849 shares of the industrial products company’s stock worth $1,864,823,000 after acquiring an additional 47,258 shares in the last quarter. FMR LLC boosted its stake in Caterpillar by 14.9% during the third quarter. FMR LLC now owns 6,038,207 shares of the industrial products company’s stock worth $1,648,431,000 after acquiring an additional 781,111 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Caterpillar by 1.7% during the third quarter. Bank of New York Mellon Corp now owns 5,440,783 shares of the industrial products company’s stock worth $892,724,000 after acquiring an additional 92,360 shares in the last quarter. 70.98% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Sanford C. Bernstein increased their target price on shares of Caterpillar from $216.00 to $245.00 and gave the stock a “market perform” rating in a research note on Thursday, December 21st. Morgan Stanley initiated coverage on shares of Caterpillar in a research note on Monday, January 8th. They set an “equal weight” rating and a $270.00 target price on the stock. Stifel Nicolaus raised their price objective on shares of Caterpillar from $285.00 to $293.00 and gave the company a “buy” rating in a research note on Tuesday, December 19th. Citigroup raised their price objective on shares of Caterpillar from $255.00 to $340.00 and gave the company a “neutral” rating in a research note on Monday, February 12th. Finally, StockNews.com lowered shares of Caterpillar from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 20th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $297.89.

Read Our Latest Report on CAT

Caterpillar Stock Performance

Shares of CAT stock opened at $375.93 on Thursday. Caterpillar Inc. has a one year low of $204.04 and a one year high of $376.07. The firm has a 50-day moving average of $333.50 and a 200-day moving average of $290.24. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.35 and a quick ratio of 0.87. The company has a market cap of $187.74 billion, a P/E ratio of 18.67, a P/E/G ratio of 1.74 and a beta of 1.17.

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

Insider Buying and Selling

In related news, insider Lange Bob De sold 21,194 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $325.52, for a total transaction of $6,899,070.88. Following the completion of the sale, the insider now owns 61,092 shares in the company, valued at $19,886,667.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Lange Bob De sold 21,194 shares of Caterpillar stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $325.52, for a total value of $6,899,070.88. Following the completion of the transaction, the insider now owns 61,092 shares in the company, valued at $19,886,667.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Anthony D. Fassino sold 4,575 shares of Caterpillar stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $329.80, for a total transaction of $1,508,835.00. Following the completion of the transaction, the insider now owns 23,474 shares of the company’s stock, valued at approximately $7,741,725.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 45,769 shares of company stock worth $14,509,306. Insiders own 0.33% of the company’s stock.

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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