Courier Capital LLC Boosts Stock Holdings in Caterpillar Inc. (NYSE:CAT)

Courier Capital LLC raised its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 101.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,294 shares of the industrial products company’s stock after buying an additional 2,660 shares during the period. Courier Capital LLC’s holdings in Caterpillar were worth $1,565,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Atlas Capital Advisors LLC boosted its holdings in shares of 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 purchasing an additional 79 shares during the period. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in shares of 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 purchasing an additional 95 shares during the period. First Capital Advisors Group LLC. purchased a new stake in shares of Caterpillar during the second quarter worth about $30,000. CGC Financial Services LLC purchased a new stake in shares of Caterpillar during the second quarter worth about $31,000. Finally, Fortitude Family Office LLC purchased a new stake in shares of Caterpillar during the fourth quarter worth about $39,000. 70.98% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. TD Cowen raised their price objective on shares of Caterpillar from $300.00 to $338.00 and gave the stock an “outperform” rating in a report on Tuesday, February 6th. The Goldman Sachs Group raised 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. Stifel Nicolaus raised their price objective on shares of Caterpillar from $285.00 to $293.00 and gave the stock a “buy” rating in a report on Tuesday, December 19th. Wells Fargo & Company raised their price objective on shares of Caterpillar from $290.00 to $325.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 6th. Finally, Robert W. Baird raised their price objective on shares of Caterpillar from $210.00 to $257.00 and gave the stock an “underperform” rating in a report on Tuesday, February 6th. 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 company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $297.89.

Insider Activity at Caterpillar

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 shares were 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 in the company, valued at $17,774,001.70. The sale was disclosed in a filing with the Securities & Exchange Commission, 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 shares were 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 in the company, valued at $17,774,001.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David Maclennan bought 350 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was bought at an average price of $323.37 per share, for a total transaction of $113,179.50. Following the acquisition, the director now directly owns 5,238 shares of the company’s stock, valued at approximately $1,693,812.06. The disclosure for this purchase can be found here. Insiders sold 45,769 shares of company stock valued at $14,509,306 over the last 90 days. Corporate insiders own 0.33% of the company’s stock.

Caterpillar Stock Up 1.1 %

Shares of CAT traded up $4.04 on Wednesday, hitting $360.43. 581,120 shares of the stock traded hands, compared to its average volume of 2,447,574. The company has a market capitalization of $180.00 billion, a PE ratio of 17.71, a P/E/G ratio of 1.70 and a beta of 1.16. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.87 and a current ratio of 1.35. The business has a 50 day simple moving average of $322.35 and a 200 day simple moving average of $286.12. Caterpillar Inc. has a one year low of $204.04 and a one year high of $365.52.

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

Caterpillar 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.