Sound Income Strategies LLC grew its position in shares of Caterpillar Inc. (NYSE:CAT – Get Rating) by 86.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,282 shares of the industrial products company’s stock after buying an additional 596 shares during the quarter. Sound Income Strategies LLC’s holdings in Caterpillar were worth $307,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also made changes to their positions in CAT. Greenleaf Trust grew its holdings in Caterpillar by 0.4% during the third quarter. Greenleaf Trust now owns 13,044 shares of the industrial products company’s stock valued at $2,140,000 after purchasing an additional 46 shares during the period. Ironwood Investment Counsel LLC increased its position in shares of Caterpillar by 1.5% in the 3rd quarter. Ironwood Investment Counsel LLC now owns 3,355 shares of the industrial products company’s stock valued at $550,000 after buying an additional 48 shares in the last quarter. M Holdings Securities Inc. increased its position in shares of Caterpillar by 0.9% in the 3rd quarter. M Holdings Securities Inc. now owns 5,499 shares of the industrial products company’s stock valued at $902,000 after buying an additional 48 shares in the last quarter. Gilbert & Cook Inc. lifted its holdings in Caterpillar by 1.2% during the third quarter. Gilbert & Cook Inc. now owns 4,118 shares of the industrial products company’s stock worth $884,000 after acquiring an additional 49 shares in the last quarter. Finally, Marks Group Wealth Management Inc grew its stake in Caterpillar by 2.6% in the second quarter. Marks Group Wealth Management Inc now owns 1,995 shares of the industrial products company’s stock valued at $357,000 after acquiring an additional 51 shares during the period. Institutional investors own 68.02% of the company’s stock.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on the company. Cowen lifted their price objective on Caterpillar from $240.00 to $264.00 in a report on Friday, December 9th. BMO Capital Markets upped their price target on shares of Caterpillar from $210.00 to $230.00 in a report on Tuesday, February 7th. William Blair restated a “market perform” rating on shares of Caterpillar in a report on Tuesday, January 31st. Wells Fargo & Company upped their target price on shares of Caterpillar from $228.00 to $240.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 1st. Finally, Bank of America raised Caterpillar from a “neutral” rating to a “buy” rating and lifted their price target for the company from $217.00 to $295.00 in a research note on Friday, January 13th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $241.00.
Caterpillar Trading Down 1.7 %
Caterpillar (NYSE:CAT – Get Rating) last posted its quarterly earnings results on Tuesday, January 31st. The industrial products company reported $3.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.95 by ($0.09). The firm had revenue of $16.60 billion for the quarter, compared to the consensus estimate of $15.84 billion. Caterpillar had a return on equity of 45.61% and a net margin of 11.28%. The business’s revenue was up 20.3% compared to the same quarter last year. During the same period last year, the company posted $2.69 earnings per share. On average, equities research analysts anticipate that Caterpillar Inc. will post 15.67 EPS for the current fiscal year.
Insider Buying and Selling
In other Caterpillar news, Director David Maclennan purchased 400 shares of the stock in a transaction on Friday, February 17th. The shares were purchased at an average price of $249.29 per share, with a total value of $99,716.00. Following the completion of the transaction, the director now directly owns 3,709 shares in the company, valued at $924,616.61. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Caterpillar news, Director David Maclennan bought 400 shares of Caterpillar stock in a transaction dated Friday, February 17th. The stock was bought at an average cost of $249.29 per share, for a total transaction of $99,716.00. Following the purchase, the director now owns 3,709 shares of the company’s stock, valued at approximately $924,616.61. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Daniel M. Dickinson sold 6,070 shares of the stock in a transaction on Monday, February 6th. The shares were sold at an average price of $251.22, for a total value of $1,524,905.40. Following the completion of the sale, the director now owns 5,038 shares in the company, valued at approximately $1,265,646.36. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 90,984 shares of company stock worth $22,519,893. Company insiders own 0.27% of the company’s stock.
Caterpillar Company Profile
Caterpillar, Inc engages in the manufacture of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. It operates through the following segments: Construction Industries, Resource Industries, Energy and Transportation, Financial Products, and All Other.
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