Chilton Investment Co. Inc. Increases Stock Position in Caterpillar Inc. $CAT

Chilton Investment Co. Inc. grew its position in shares of Caterpillar Inc. (NYSE:CAT) by 944.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,059 shares of the industrial products company’s stock after purchasing an additional 10,000 shares during the period. Chilton Investment Co. Inc.’s holdings in Caterpillar were worth $5,277,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Kilter Group LLC bought a new position in Caterpillar during the second quarter valued at approximately $27,000. Marquette Asset Management LLC increased its stake in Caterpillar by 1,060.0% in the 3rd quarter. Marquette Asset Management LLC now owns 58 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 53 shares during the last quarter. RiverPark Advisors LLC purchased a new stake in shares of Caterpillar during the 2nd quarter worth approximately $32,000. Joseph Group Capital Management bought a new position in shares of Caterpillar during the 3rd quarter valued at approximately $32,000. Finally, Vermillion & White Wealth Management Group LLC boosted its position in shares of Caterpillar by 107.0% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 89 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 46 shares during the last quarter. 70.98% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. UBS Group restated a “neutral” rating and issued a $677.00 price target on shares of Caterpillar in a research report on Monday, February 2nd. Citigroup increased their price objective on shares of Caterpillar from $760.00 to $785.00 and gave the company a “buy” rating in a research report on Monday, March 9th. Weiss Ratings restated a “buy (b)” rating on shares of Caterpillar in a report on Monday, December 29th. HSBC upped their target price on shares of Caterpillar from $660.00 to $850.00 and gave the company a “buy” rating in a research report on Thursday, February 5th. Finally, Bank of America lifted their price target on Caterpillar from $735.00 to $825.00 and gave the stock a “buy” rating in a research report on Tuesday, February 10th. Sixteen equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $730.50.

Insider Transactions at Caterpillar

In other Caterpillar news, CAO William E. Schaupp sold 972 shares of the company’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $764.20, for a total value of $742,802.40. Following the transaction, the chief accounting officer owned 824 shares of the company’s stock, valued at $629,700.80. This represents a 54.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Rodney Michael Shurman sold 2,278 shares of the stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $759.61, for a total value of $1,730,391.58. Following the completion of the sale, the insider owned 1,443 shares in the company, valued at approximately $1,096,117.23. The trade was a 61.22% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 135,950 shares of company stock valued at $94,327,990. Company insiders own 0.33% of the company’s stock.

Caterpillar Price Performance

CAT stock opened at $693.89 on Friday. The stock has a market cap of $322.86 billion, a PE ratio of 36.87, a P/E/G ratio of 1.64 and a beta of 1.54. Caterpillar Inc. has a 12 month low of $267.30 and a 12 month high of $789.81. The company has a 50-day moving average price of $693.92 and a 200 day moving average price of $585.00. The company has a current ratio of 1.44, a quick ratio of 0.94 and a debt-to-equity ratio of 1.44.

Caterpillar (NYSE:CAT) last posted its quarterly earnings data on Thursday, January 29th. The industrial products company reported $5.16 earnings per share for the quarter, topping 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 net margin of 13.14% and a return on equity of 45.76%. The firm’s revenue for the quarter was up 17.9% on a year-over-year basis. During the same period in the prior year, the company posted $5.14 EPS. Equities research analysts anticipate that Caterpillar Inc. will post 19.86 earnings per share for the current year.

Caterpillar Company 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.