Caterpillar Inc. (NYSE:CAT) Shares Sold by Gleason Group Inc.

Gleason Group Inc. reduced its holdings in Caterpillar Inc. (NYSE:CAT) by 1.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,409 shares of the industrial products company’s stock after selling 36 shares during the quarter. Gleason Group Inc.’s holdings in Caterpillar were worth $1,008,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in CAT. Atlas Capital Advisors LLC raised its stake in Caterpillar by 272.4% during the first quarter. Atlas Capital Advisors LLC now owns 108 shares of the industrial products company’s stock valued at $25,000 after buying an additional 79 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its position in shares of Caterpillar by 730.8% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 108 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 95 shares during the period. First Capital Advisors Group LLC. acquired a new position in shares of Caterpillar during the 2nd quarter valued at $30,000. CGC Financial Services LLC acquired a new position in shares of Caterpillar during the 2nd quarter valued at $31,000. Finally, SkyView Investment Advisors LLC acquired a new position in shares of Caterpillar in the 1st quarter worth $35,000. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on CAT shares. StockNews.com cut Caterpillar from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 20th. Robert W. Baird upped their target price on shares of Caterpillar from $210.00 to $257.00 and gave the stock an “underperform” rating in a research report on Tuesday, February 6th. Wells Fargo & Company upped their target price on shares of Caterpillar from $290.00 to $325.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 6th. The Goldman Sachs Group boosted their price target on shares of Caterpillar from $274.00 to $357.00 and gave the company a “buy” rating in a report on Tuesday, February 6th. Finally, Morgan Stanley initiated coverage on shares of Caterpillar in a research note on Monday, January 8th. They issued an “equal weight” rating and a $270.00 target price for the company. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $297.89.

Insiders Place Their Bets

In other news, CFO Andrew R. J. Bonfield sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $310.10, for a total transaction of $3,101,000.00. Following the transaction, the chief financial officer now owns 57,317 shares of the company’s stock, valued at $17,774,001.70. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, CFO Andrew R. J. Bonfield sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $310.10, for a total value of $3,101,000.00. Following the completion of the sale, the chief financial officer now owns 57,317 shares in the company, valued at $17,774,001.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Anthony D. Fassino sold 4,575 shares of the company’s stock in a transaction on 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 sale, the insider now owns 23,474 shares of the company’s stock, valued at approximately $7,741,725.20. The disclosure for this sale can be found here. Insiders sold 45,769 shares of company stock valued at $14,509,306 in the last three months. Corporate insiders own 0.33% of the company’s stock.

Caterpillar Trading Up 0.5 %

Shares of NYSE:CAT traded up $1.78 on Friday, hitting $366.43. The company had a trading volume of 2,028,629 shares, compared to its average volume of 2,158,563. The firm’s 50-day simple moving average is $328.78 and its two-hundred day simple moving average is $288.33. Caterpillar Inc. has a 1 year low of $204.04 and a 1 year high of $367.22. 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 firm has a market capitalization of $183.00 billion, a price-to-earnings ratio of 18.19, a P/E/G ratio of 1.74 and a beta of 1.16.

Caterpillar (NYSE:CAT) last issued its earnings results on Monday, February 5th. The industrial products company reported $5.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.76 by $0.47. Caterpillar had a net margin of 15.41% and a return on equity of 56.99%. The business had revenue of $17.07 billion during the quarter, compared to analysts’ expectations of $17.06 billion. During the same period in the previous year, the company earned $3.86 earnings per share. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. Equities analysts anticipate that Caterpillar Inc. will post 21.25 earnings per share for the current fiscal year.

Caterpillar Profile

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.