Caterpillar Inc. (NYSE:CAT) Shares Purchased by Evoke Wealth LLC

Evoke Wealth LLC lifted its position in Caterpillar Inc. (NYSE:CAT) by 31.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,243 shares of the industrial products company’s stock after acquiring an additional 771 shares during the period. Evoke Wealth LLC’s holdings in Caterpillar were worth $1,176,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in CAT. Raymond James Financial Inc. acquired a new stake in shares of Caterpillar in the fourth quarter worth approximately $353,231,000. Proficio Capital Partners LLC boosted its stake in Caterpillar by 50,072.7% during the fourth quarter. Proficio Capital Partners LLC now owns 804,770 shares of the industrial products company’s stock worth $291,938,000 after buying an additional 803,166 shares during the last quarter. Amundi boosted its stake in Caterpillar by 17.3% during the fourth quarter. Amundi now owns 2,166,087 shares of the industrial products company’s stock worth $782,109,000 after buying an additional 318,891 shares during the last quarter. Zurich Insurance Group Ltd FI boosted its stake in Caterpillar by 4,018.6% during the third quarter. Zurich Insurance Group Ltd FI now owns 255,355 shares of the industrial products company’s stock worth $99,874,000 after buying an additional 249,155 shares during the last quarter. Finally, Strategic Financial Concepts LLC boosted its stake in Caterpillar by 36,168.5% during the fourth quarter. Strategic Financial Concepts LLC now owns 227,041 shares of the industrial products company’s stock worth $82,361,000 after buying an additional 226,415 shares during the last quarter. 70.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on CAT shares. JPMorgan Chase & Co. lowered their price objective on Caterpillar from $515.00 to $490.00 and set an “overweight” rating on the stock in a research note on Friday, January 31st. Morgan Stanley lowered their price objective on Caterpillar from $330.00 to $300.00 and set an “underweight” rating on the stock in a research note on Friday, January 31st. UBS Group raised Caterpillar from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $355.00 to $385.00 in a research note on Monday, February 3rd. Bank of America lowered their price objective on Caterpillar from $452.00 to $414.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Finally, Raymond James upgraded Caterpillar from a “market perform” rating to an “outperform” rating in a research report on Monday, February 3rd. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $383.80.

Insiders Place Their Bets

In other Caterpillar news, Director Gerald Johnson acquired 100 shares of the stock in a transaction dated Tuesday, February 4th. The stock was acquired at an average cost of $365.57 per share, with a total value of $36,557.00. Following the transaction, the director now owns 3,053 shares in the company, valued at $1,116,085.21. The trade was a 3.39 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the company’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $380.09, for a total value of $3,800,900.00. Following the transaction, the chief financial officer now directly owns 45,182 shares of the company’s stock, valued at approximately $17,173,226.38. This represents a 18.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.29% of the stock is owned by company insiders.

Caterpillar Price Performance

CAT stock opened at $336.67 on Wednesday. The company has a current ratio of 1.42, a quick ratio of 0.89 and a debt-to-equity ratio of 1.40. The company has a market capitalization of $160.90 billion, a PE ratio of 15.25, a P/E/G ratio of 1.87 and a beta of 1.15. Caterpillar Inc. has a 12-month low of $307.05 and a 12-month high of $418.50. The business’s fifty day moving average price is $359.86 and its 200 day moving average price is $372.46.

Caterpillar (NYSE:CAT) last issued its quarterly earnings results on Thursday, January 30th. The industrial products company reported $5.14 earnings per share for the quarter, topping the consensus estimate of $4.97 by $0.17. Caterpillar had a return on equity of 58.18% and a net margin of 16.65%. On average, sell-side analysts anticipate that Caterpillar Inc. will post 19.86 EPS for the current year.

Caterpillar Company 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.