LMG Wealth Partners LLC Purchases 162 Shares of Caterpillar Inc. (NYSE:CAT)

LMG Wealth Partners LLC increased its stake in Caterpillar Inc. (NYSE:CATFree Report) by 1.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 9,038 shares of the industrial products company’s stock after purchasing an additional 162 shares during the quarter. LMG Wealth Partners LLC’s holdings in Caterpillar were worth $2,672,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of CAT. Moneta Group Investment Advisors LLC raised its holdings in Caterpillar by 130,632.5% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 9,784,017 shares of the industrial products company’s stock worth $2,343,859,000 after purchasing an additional 9,776,533 shares during the period. Norges Bank bought a new position in Caterpillar in the 4th quarter worth $1,175,255,000. Ontario Teachers Pension Plan Board bought a new position in Caterpillar in the 1st quarter worth $433,134,000. Imprint Wealth LLC raised its holdings in Caterpillar by 24,982.9% in the 2nd quarter. Imprint Wealth LLC now owns 1,538,084 shares of the industrial products company’s stock worth $153,808,000 after purchasing an additional 1,531,952 shares during the period. Finally, Winslow Capital Management LLC raised its holdings in Caterpillar by 2,265.3% in the 3rd quarter. Winslow Capital Management LLC now owns 1,117,830 shares of the industrial products company’s stock worth $305,168,000 after purchasing an additional 1,070,570 shares during the period. 70.98% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, insider Anthony D. Fassino sold 4,575 shares of Caterpillar stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $329.80, for a total value of $1,508,835.00. Following the completion of the transaction, the insider now owns 23,474 shares in the company, valued at $7,741,725.20. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, insider Anthony D. Fassino sold 4,575 shares of Caterpillar stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $329.80, for a total value of $1,508,835.00. Following the completion of the transaction, the insider now owns 23,474 shares in the company, valued at $7,741,725.20. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, January 25th. The shares were sold at an average price of $300.04, for a total value of $3,000,400.00. Following the transaction, the chief financial officer now owns 67,317 shares of the company’s stock, valued at approximately $20,197,792.68. The disclosure for this sale can be found here. Over the last quarter, insiders sold 45,769 shares of company stock worth $14,509,306. Corporate insiders own 0.33% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Truist Financial initiated coverage on Caterpillar in a report on Thursday, March 14th. They issued a “buy” rating and a $390.00 target price on the stock. Evercore ISI cut Caterpillar from an “outperform” rating to an “in-line” rating and raised their price target for the company from $321.00 to $338.00 in a report on Tuesday, February 20th. Robert W. Baird raised their price target on Caterpillar from $210.00 to $257.00 and gave the company an “underperform” rating in a report on Tuesday, February 6th. StockNews.com cut Caterpillar from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 20th. Finally, JPMorgan Chase & Co. raised their price target on Caterpillar from $345.00 to $385.00 and gave the company an “overweight” rating in a report on Tuesday, February 6th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $297.89.

Get Our Latest Report on Caterpillar

Caterpillar Trading Up 0.3 %

CAT traded up $1.23 on Tuesday, hitting $364.97. The company had a trading volume of 1,968,646 shares, compared to its average volume of 2,453,089. The company has a market cap of $182.27 billion, a PE ratio of 18.12, a PEG ratio of 1.75 and a beta of 1.17. Caterpillar Inc. has a 12-month low of $204.04 and a 12-month high of $367.93. The company has a quick ratio of 0.87, a current ratio of 1.35 and a debt-to-equity ratio of 1.25. The business’s fifty day simple moving average is $331.80 and its 200 day simple moving average is $289.64.

Caterpillar (NYSE:CATGet Free Report) last released its quarterly earnings results on Monday, February 5th. The industrial products company reported $5.23 EPS for the quarter, topping the consensus estimate of $4.76 by $0.47. The company had revenue of $17.07 billion during the quarter, compared to analyst estimates of $17.06 billion. Caterpillar had a return on equity of 56.99% and a net margin of 15.41%. The firm’s revenue was up 2.8% on a year-over-year basis. During the same quarter last year, the business posted $3.86 earnings per share. Equities research analysts expect that Caterpillar Inc. will post 21.25 EPS for the current year.

Caterpillar Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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