Caterpillar Inc. (NYSE:CAT) Shares Sold by CIBC Private Wealth Group LLC

CIBC Private Wealth Group LLC cut its holdings in Caterpillar Inc. (NYSE:CAT) by 2.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 41,279 shares of the industrial products company’s stock after selling 1,148 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in Caterpillar were worth $14,905,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of CAT. Flagship Wealth Advisors LLC acquired a new position in Caterpillar in the fourth quarter worth approximately $26,000. Halbert Hargrove Global Advisors LLC acquired a new stake in shares of Caterpillar during the fourth quarter worth $27,000. Cyrus J. Lawrence LLC purchased a new stake in shares of Caterpillar during the fourth quarter valued at $27,000. Noble Wealth Management PBC acquired a new stake in Caterpillar during the 4th quarter valued at $31,000. Finally, Retirement Wealth Solutions LLC purchased a new stake in Caterpillar in the 4th quarter worth about $34,000. 70.98% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently issued reports on CAT shares. Evercore ISI lifted their price objective on Caterpillar from $365.00 to $375.00 and gave the company an “in-line” rating in a research report on Wednesday, February 19th. UBS Group raised Caterpillar from a “sell” rating to a “neutral” rating and boosted their price target for the company from $355.00 to $385.00 in a research note on Monday, February 3rd. Jefferies Financial Group raised their price objective on shares of Caterpillar from $455.00 to $475.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Bank of America dropped their price target on shares of Caterpillar from $452.00 to $414.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Finally, Citigroup raised their target price on Caterpillar from $420.00 to $430.00 and gave the company a “buy” rating in a report on Friday, January 31st. Two investment 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, Caterpillar has an average rating of “Hold” and a consensus price target of $383.80.

Caterpillar Stock Up 0.1 %

NYSE CAT opened at $330.14 on Tuesday. The stock’s 50 day moving average is $353.87 and its two-hundred day moving average is $372.44. The company has a current ratio of 1.42, a quick ratio of 0.89 and a debt-to-equity ratio of 1.40. Caterpillar Inc. has a 1-year low of $307.05 and a 1-year high of $418.50. The company has a market capitalization of $157.78 billion, a price-to-earnings ratio of 14.96, a PEG ratio of 1.87 and a beta of 1.15.

Caterpillar (NYSE:CAT) last announced its earnings results on Thursday, January 30th. The industrial products company reported $5.14 earnings per share for the quarter, topping analysts’ consensus estimates of $4.97 by $0.17. Caterpillar had a net margin of 16.65% and a return on equity of 58.18%. Equities analysts forecast that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal year.

Insider Transactions at Caterpillar

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

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.