Wilmington Savings Fund Society FSB Sells 5,804 Shares of Caterpillar Inc. $CAT

Wilmington Savings Fund Society FSB decreased its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 28.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,295 shares of the industrial products company’s stock after selling 5,804 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Caterpillar were worth $6,821,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the business. Pacific Point Advisors LLC bought a new stake in shares of Caterpillar in the 4th quarter valued at $579,000. Brighton Jones LLC boosted its stake in Caterpillar by 51.5% during the fourth quarter. Brighton Jones LLC now owns 7,409 shares of the industrial products company’s stock worth $2,688,000 after acquiring an additional 2,519 shares in the last quarter. United Bank boosted its stake in Caterpillar by 108.5% during the second quarter. United Bank now owns 4,083 shares of the industrial products company’s stock worth $1,585,000 after acquiring an additional 2,125 shares in the last quarter. Schnieders Capital Management LLC. grew its holdings in Caterpillar by 3.9% in the second quarter. Schnieders Capital Management LLC. now owns 9,147 shares of the industrial products company’s stock worth $3,551,000 after purchasing an additional 347 shares during the period. Finally, Kingsview Wealth Management LLC increased its stake in Caterpillar by 0.8% in the second quarter. Kingsview Wealth Management LLC now owns 11,159 shares of the industrial products company’s stock valued at $4,332,000 after purchasing an additional 86 shares in the last quarter. 70.98% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Caterpillar

In other Caterpillar news, CEO Joseph E. Creed sold 2,500 shares of the firm’s stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $718.93, for a total transaction of $1,797,325.00. Following the transaction, the chief executive officer directly owned 35,083 shares in the company, valued at approximately $25,222,221.19. This trade represents a 6.65% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Lange Bob De sold 22,656 shares of the company’s stock in a transaction on Friday, February 6th. The stock was sold at an average price of $720.11, for a total transaction of $16,314,812.16. Following the completion of the sale, the insider owned 79,953 shares of the company’s stock, valued at approximately $57,574,954.83. The trade was a 22.08% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 135,950 shares of company stock worth $94,327,990. 0.33% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

CAT has been the topic of a number of research analyst reports. Wall Street Zen cut shares of Caterpillar from a “buy” rating to a “hold” rating in a research report on Saturday, February 21st. Barclays upped their price target on Caterpillar from $610.00 to $625.00 and gave the stock an “equal weight” rating in a research note on Friday, January 30th. Sanford C. Bernstein reissued a “market perform” rating and issued a $678.00 price objective on shares of Caterpillar in a research note on Friday, January 30th. Wolfe Research boosted their price objective on Caterpillar from $470.00 to $670.00 and gave the company an “outperform” rating in a report on Friday, January 2nd. Finally, Morgan Stanley increased their target price on Caterpillar from $400.00 to $425.00 and gave the stock an “underweight” rating in a report on Tuesday, February 3rd. Sixteen analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $730.50.

Caterpillar Stock Performance

Shares of CAT opened at $703.53 on Wednesday. The firm has a market capitalization of $327.34 billion, a P/E ratio of 37.38, a P/E/G ratio of 1.65 and a beta of 1.54. Caterpillar Inc. has a 52 week low of $267.30 and a 52 week high of $789.81. The stock has a 50 day moving average price of $697.19 and a two-hundred day moving average price of $589.94. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.94 and a current ratio of 1.44.

Caterpillar (NYSE:CAT) last posted its earnings results on Thursday, January 29th. The industrial products company reported $5.16 earnings per share for the quarter, beating analysts’ consensus estimates of $4.67 by $0.49. The company had revenue of $19.13 billion for the quarter, compared to analyst estimates of $17.81 billion. Caterpillar had a return on equity of 45.76% and a net margin of 13.14%.The company’s revenue for the quarter was up 17.9% on a year-over-year basis. During the same quarter last year, the company earned $5.14 earnings per share. Equities analysts forecast that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal year.

Caterpillar Profile

Caterpillar Inc is a global manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and locomotives. The company’s product portfolio includes earthmoving machines such as excavators, bulldozers, wheel loaders and off‑highway trucks, as well as a range of power generation products including generator sets and power systems for industrial and commercial use. Caterpillar serves customers across heavy construction, mining, energy, transportation and related industries with both equipment and integrated technology solutions.

In addition to manufacturing, Caterpillar provides a broad range of aftermarket parts and support services, including maintenance, repair, remanufacturing and fleet management tools.