Tower Wealth Partners Inc. Acquires Shares of 922 Caterpillar Inc. (NYSE:CAT)

Tower Wealth Partners Inc. bought a new position in shares of Caterpillar Inc. (NYSE:CATFree Report) in the fourth quarter, Holdings Channel reports. The institutional investor bought 922 shares of the industrial products company’s stock, valued at approximately $273,000.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Atlas Capital Advisors LLC boosted its position in Caterpillar by 272.4% during the first quarter. Atlas Capital Advisors LLC now owns 108 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 79 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its position in Caterpillar by 730.8% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 108 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 95 shares during the last quarter. Gilfoyle & Co LLC acquired a new position in Caterpillar during the fourth quarter worth about $30,000. First Capital Advisors Group LLC. acquired a new position in Caterpillar during the second quarter worth about $30,000. Finally, CGC Financial Services LLC acquired a new position in Caterpillar during the second quarter worth about $31,000. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Insider Activity

In other news, CFO Andrew R. J. Bonfield sold 10,000 shares of the company’s stock in a transaction on Thursday, January 25th. The shares were sold at an average price of $300.04, for a total value of $3,000,400.00. Following the completion of the transaction, the chief financial officer now owns 67,317 shares in the company, valued at approximately $20,197,792.68. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, CFO Andrew R. J. Bonfield sold 10,000 shares of the stock in a transaction on Thursday, January 25th. The shares were sold at an average price of $300.04, for a total transaction of $3,000,400.00. Following the completion of the sale, the chief financial officer now owns 67,317 shares in the company, valued at approximately $20,197,792.68. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Anthony D. Fassino sold 4,575 shares of the stock in a transaction on 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 sale, 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. In the last quarter, insiders sold 45,769 shares of company stock worth $14,509,306. Corporate insiders own 0.33% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on CAT shares. Robert W. Baird boosted their target price on shares of Caterpillar from $210.00 to $257.00 and gave the company an “underperform” rating in a report on Tuesday, February 6th. Stifel Nicolaus boosted their target price on shares of Caterpillar from $285.00 to $293.00 and gave the company a “buy” rating in a report on Tuesday, December 19th. TD Cowen boosted their target price on shares of Caterpillar from $300.00 to $338.00 and gave the company an “outperform” rating in a report on Tuesday, February 6th. The Goldman Sachs Group upped their price objective on shares of Caterpillar from $274.00 to $357.00 and gave the stock a “buy” rating in a report on Tuesday, February 6th. Finally, Evercore ISI lowered shares of Caterpillar from an “outperform” rating to an “in-line” rating and upped their price objective for the stock from $321.00 to $338.00 in a report on Tuesday, February 20th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $297.89.

View Our Latest Analysis on CAT

Caterpillar Trading Down 0.8 %

Shares of NYSE:CAT opened at $363.64 on Tuesday. Caterpillar Inc. has a 52 week low of $204.04 and a 52 week high of $367.93. The company’s 50 day moving average is $330.28 and its two-hundred day moving average is $289.03. The company has a current ratio of 1.35, a quick ratio of 0.87 and a debt-to-equity ratio of 1.25. 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 (NYSE:CATGet Free Report) last issued its earnings results on Monday, February 5th. The industrial products company reported $5.23 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analysts’ expectations of $17.06 billion. During the same quarter in the prior year, the business posted $3.86 EPS. The company’s revenue for the quarter was up 2.8% on a year-over-year basis. Equities analysts predict that Caterpillar Inc. will post 21.25 earnings per share for the current fiscal year.

Caterpillar Company 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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