EagleClaw Capital Managment LLC Buys 1,900 Shares of Caterpillar Inc. $CAT

EagleClaw Capital Managment LLC raised its stake in Caterpillar Inc. (NYSE:CAT) by 10.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,325 shares of the industrial products company’s stock after acquiring an additional 1,900 shares during the quarter. Caterpillar makes up 1.4% of EagleClaw Capital Managment LLC’s holdings, making the stock its 29th biggest position. EagleClaw Capital Managment LLC’s holdings in Caterpillar were worth $9,698,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Norges Bank purchased a new position in Caterpillar in the second quarter valued at approximately $2,165,899,000. Wellington Management Group LLP increased its position in Caterpillar by 3,949.8% in the third quarter. Wellington Management Group LLP now owns 5,228,058 shares of the industrial products company’s stock worth $2,494,568,000 after buying an additional 5,098,964 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in Caterpillar by 1,851.8% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,830,414 shares of the industrial products company’s stock worth $873,382,000 after buying an additional 1,736,631 shares during the last quarter. Marshall Wace LLP raised its stake in shares of Caterpillar by 425.2% in the second quarter. Marshall Wace LLP now owns 761,800 shares of the industrial products company’s stock valued at $295,738,000 after buying an additional 616,739 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in shares of Caterpillar by 20.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 3,553,930 shares of the industrial products company’s stock valued at $1,695,757,000 after buying an additional 609,023 shares during the last quarter. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Insider Buying and Selling at Caterpillar

In related news, insider Lange Bob De sold 22,656 shares of the company’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $720.11, for a total transaction of $16,314,812.16. Following the sale, the insider owned 79,953 shares of the company’s stock, valued at approximately $57,574,954.83. This represents a 22.08% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO William E. Schaupp sold 972 shares of the firm’s stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $764.20, for a total transaction of $742,802.40. Following the completion of the transaction, the chief accounting officer directly owned 824 shares of the company’s stock, valued at approximately $629,700.80. The trade was a 54.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 135,950 shares of company stock worth $94,327,990 in the last ninety days. Insiders own 0.33% of the company’s stock.

Caterpillar Stock Down 1.0%

Shares of NYSE CAT opened at $693.89 on Friday. The company has a quick ratio of 0.94, a current ratio of 1.44 and a debt-to-equity ratio of 1.44. The company has a market cap of $322.86 billion, a P/E ratio of 36.87, a P/E/G ratio of 1.64 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 business has a 50-day simple moving average of $693.92 and a two-hundred day simple moving average of $585.00.

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

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Robert W. Baird set a $805.00 price objective on Caterpillar in a report on Friday, January 30th. Jefferies Financial Group upped their price objective on shares of Caterpillar from $785.00 to $825.00 and gave the company a “buy” rating in a report on Friday, March 6th. Barclays increased their target price on shares of Caterpillar from $610.00 to $625.00 and gave the stock an “equal weight” rating in a research report on Friday, January 30th. Rothschild & Co Redburn boosted their price target on shares of Caterpillar from $650.00 to $700.00 and gave the company a “neutral” rating in a research report on Wednesday, February 4th. Finally, Daiwa Securities Group upped their price target on shares of Caterpillar from $640.00 to $790.00 in a research note on Wednesday, February 25th. Sixteen research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $730.50.

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.