Creekmur Asset Management LLC Acquires 62 Shares of Caterpillar Inc. (NYSE:CAT)

Creekmur Asset Management LLC raised its holdings in Caterpillar Inc. (NYSE:CAT) by 0.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,172 shares of the industrial products company’s stock after purchasing an additional 62 shares during the period. Caterpillar makes up about 1.7% of Creekmur Asset Management LLC’s portfolio, making the stock its 13th largest holding. Creekmur Asset Management LLC’s holdings in Caterpillar were worth $7,317,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in CAT. WESCAP Management Group Inc. raised its position in shares of Caterpillar by 68.8% in the 4th quarter. WESCAP Management Group Inc. now owns 2,700 shares of the industrial products company’s stock valued at $979,000 after buying an additional 1,100 shares in the last quarter. DKM Wealth Management Inc. bought a new stake in Caterpillar in the fourth quarter valued at approximately $212,000. RFG Bristol Wealth Advisors LLC acquired a new stake in shares of Caterpillar during the fourth quarter worth $3,310,000. Meeder Advisory Services Inc. lifted its stake in shares of Caterpillar by 3.0% in the 4th quarter. Meeder Advisory Services Inc. now owns 12,345 shares of the industrial products company’s stock valued at $4,478,000 after purchasing an additional 354 shares during the period. Finally, May Hill Capital LLC acquired a new stake in Caterpillar during the fourth quarter worth approximately $272,000. 70.98% of the stock is owned by institutional investors.

Insider Buying and Selling at Caterpillar

In other news, insider Jason Kaiser sold 2,425 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $354.70, for a total transaction of $860,147.50. Following the completion of the transaction, the insider now directly owns 6,275 shares in the company, valued at $2,225,742.50. This trade represents a 27.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the firm’s stock in a transaction dated 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 sale, the chief financial officer now 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. Insiders own 0.29% of the company’s stock.

Wall Street Analysts Forecast Growth

CAT has been the topic of several recent research reports. Citigroup increased their price target on Caterpillar from $420.00 to $430.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Morgan Stanley reduced their price objective on shares of Caterpillar from $330.00 to $300.00 and set an “underweight” rating for the company in a research report on Friday, January 31st. Jefferies Financial Group boosted their target price on Caterpillar from $455.00 to $475.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. DA Davidson increased their price target on Caterpillar from $350.00 to $357.00 and gave the company a “neutral” rating in a research report on Tuesday, February 4th. Finally, JPMorgan Chase & Co. cut their price objective on Caterpillar from $515.00 to $490.00 and set an “overweight” rating on the stock in a research report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $383.80.

Caterpillar Stock Performance

NYSE:CAT opened at $330.40 on Wednesday. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.89 and a current ratio of 1.42. Caterpillar Inc. has a fifty-two week low of $307.05 and a fifty-two week high of $418.50. The business has a 50 day moving average price of $352.51 and a 200-day moving average price of $372.33. The firm has a market cap of $157.91 billion, a PE ratio of 14.97, a price-to-earnings-growth ratio of 1.87 and a beta of 1.15.

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