Cambridge Trust Co. Increases Stock Holdings in Caterpillar Inc. (NYSE:CAT)

Cambridge Trust Co. lifted its holdings in shares of Caterpillar Inc. (NYSE:CAT – Get Rating) by 6.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,028 shares of the industrial products company’s stock after acquiring an additional 505 shares during the period. Cambridge Trust Co.’s holdings in Caterpillar were worth $1,923,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of CAT. Ontario Teachers Pension Plan Board purchased a new position in shares of Caterpillar during the first quarter worth approximately $433,134,000. Altshuler Shaham Ltd grew its position in Caterpillar by 46.8% in the 3rd quarter. Altshuler Shaham Ltd now owns 2,624,672 shares of the industrial products company’s stock valued at $435,423,000 after buying an additional 836,340 shares during the last quarter. Barclays PLC grew its position in Caterpillar by 168.0% in the 3rd quarter. Barclays PLC now owns 977,373 shares of the industrial products company’s stock valued at $160,368,000 after buying an additional 612,692 shares during the last quarter. Amundi grew its position in Caterpillar by 15.6% in the 2nd quarter. Amundi now owns 3,130,082 shares of the industrial products company’s stock valued at $531,926,000 after buying an additional 422,355 shares during the last quarter. Finally, State Street Corp grew its position in Caterpillar by 0.7% in the 3rd quarter. State Street Corp now owns 40,070,278 shares of the industrial products company’s stock valued at $6,574,731,000 after buying an additional 291,836 shares during the last quarter. 68.02% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on CAT shares. StockNews.com initiated coverage on shares of Caterpillar in a research report on Thursday. They issued a “buy” rating on the stock. Morgan Stanley raised their target price on Caterpillar from $174.00 to $190.00 and gave the company an “underweight” rating in a report on Wednesday, December 14th. Robert W. Baird downgraded Caterpillar from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $290.00 to $230.00 in a report on Monday, February 13th. Credit Suisse Group raised their target price on Caterpillar from $290.00 to $306.00 and gave the company an “outperform” rating in a report on Wednesday, February 1st. Finally, BMO Capital Markets raised their target price on Caterpillar from $210.00 to $230.00 in a report on Tuesday, February 7th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $241.00.

Caterpillar Trading Down 1.7 %

Caterpillar stock opened at $215.01 on Friday. The stock has a market cap of $111.02 billion, a PE ratio of 17.00, a P/E/G ratio of 1.20 and a beta of 1.11. The stock has a 50-day moving average price of $246.19 and a 200 day moving average price of $222.03. Caterpillar Inc. has a 52 week low of $160.60 and a 52 week high of $266.04. The company has a current ratio of 1.39, a quick ratio of 0.87 and a debt-to-equity ratio of 1.62.

Caterpillar (NYSE:CAT – Get Rating) last posted its quarterly earnings results on Tuesday, January 31st. The industrial products company reported $3.86 EPS for the quarter, missing the consensus estimate of $3.95 by ($0.09). The business had revenue of $16.60 billion during the quarter, compared to analysts’ expectations of $15.84 billion. Caterpillar had a net margin of 11.28% and a return on equity of 45.61%. The firm’s quarterly revenue was up 20.3% compared to the same quarter last year. During the same quarter last year, the firm earned $2.69 EPS. Equities research analysts predict that Caterpillar Inc. will post 15.67 earnings per share for the current fiscal year.

Insider Transactions at Caterpillar

In other news, insider Denise C. Johnson sold 23,737 shares of the business’s stock in a transaction dated Tuesday, December 27th. The stock was sold at an average price of $240.14, for a total transaction of $5,700,203.18. Following the completion of the sale, the insider now owns 8,605 shares in the company, valued at approximately $2,066,404.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Caterpillar news, insider Denise C. Johnson sold 23,737 shares of the stock in a transaction that occurred on Tuesday, December 27th. The shares were sold at an average price of $240.14, for a total value of $5,700,203.18. Following the completion of the sale, the insider now owns 8,605 shares of the company’s stock, valued at $2,066,404.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Suzette M. Long sold 8,000 shares of the stock in a transaction that occurred on Thursday, February 9th. The shares were sold at an average price of $251.04, for a total transaction of $2,008,320.00. Following the completion of the sale, the general counsel now directly owns 8,776 shares of the company’s stock, valued at approximately $2,203,127.04. The disclosure for this sale can be found here. In the last quarter, insiders sold 90,984 shares of company stock worth $22,519,893. 0.27% of the stock is currently owned by company insiders.

Caterpillar Profile

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Caterpillar, Inc engages in the manufacture of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. It operates through the following segments: Construction Industries, Resource Industries, Energy and Transportation, Financial Products, and All Other.