Cahaba Wealth Management Inc. Has $656,000 Stock Holdings in Caterpillar Inc. (NYSE:CAT)

Cahaba Wealth Management Inc. cut its holdings in Caterpillar Inc. (NYSE:CATFree Report) by 19.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 2,219 shares of the industrial products company’s stock after selling 543 shares during the quarter. Cahaba Wealth Management Inc.’s holdings in Caterpillar were worth $656,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Moneta Group Investment Advisors LLC lifted its stake 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 valued at $2,343,859,000 after acquiring an additional 9,776,533 shares in the last quarter. Northern Trust Corp lifted its stake in Caterpillar by 1.6% in the 3rd quarter. Northern Trust Corp now owns 6,962,809 shares of the industrial products company’s stock valued at $1,900,847,000 after acquiring an additional 111,384 shares in the last quarter. Morgan Stanley lifted its stake in Caterpillar by 0.7% in the 3rd quarter. Morgan Stanley now owns 6,830,849 shares of the industrial products company’s stock valued at $1,864,823,000 after acquiring an additional 47,258 shares in the last quarter. FMR LLC lifted its stake in Caterpillar by 14.9% in the 3rd quarter. FMR LLC now owns 6,038,207 shares of the industrial products company’s stock valued at $1,648,431,000 after acquiring an additional 781,111 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Caterpillar by 1.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 5,440,783 shares of the industrial products company’s stock worth $892,724,000 after purchasing an additional 92,360 shares in the last quarter. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CFO Andrew R. J. Bonfield sold 10,000 shares of the firm’s stock in a transaction on Thursday, January 25th. The stock was 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 in the company, valued at $20,197,792.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Anthony D. Fassino sold 4,575 shares of the firm’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 transaction, the insider now owns 23,474 shares in the company, valued at $7,741,725.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of Caterpillar stock in a transaction dated 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 completion of the transaction, the chief financial officer now owns 67,317 shares in the company, valued at approximately $20,197,792.68. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 45,769 shares of company stock worth $14,509,306. Company insiders own 0.33% of the company’s stock.

Caterpillar Stock Performance

NYSE CAT traded up $1.23 on Tuesday, reaching $364.97. The stock had a trading volume of 1,968,646 shares, compared to its average volume of 2,453,089. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.35 and a quick ratio of 0.87. The firm has a fifty day moving average of $331.80 and a two-hundred day moving average of $289.64. Caterpillar Inc. has a 1-year low of $204.04 and a 1-year high of $367.93. The company has a market cap of $182.27 billion, a P/E ratio of 18.12, a price-to-earnings-growth ratio of 1.75 and a beta of 1.17.

Caterpillar (NYSE:CATGet Free Report) last issued its quarterly earnings data on Monday, February 5th. The industrial products company reported $5.23 EPS for the quarter, beating analysts’ consensus estimates of $4.76 by $0.47. Caterpillar had a return on equity of 56.99% and a net margin of 15.41%. The firm had revenue of $17.07 billion for the quarter, compared to analyst estimates of $17.06 billion. During the same period in the prior year, the firm posted $3.86 EPS. The company’s revenue for the quarter was up 2.8% on a year-over-year basis. On average, equities research analysts anticipate that Caterpillar Inc. will post 21.25 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. The Goldman Sachs Group upped their price objective on Caterpillar from $274.00 to $357.00 and gave the stock a “buy” rating in a research note on Tuesday, February 6th. Stifel Nicolaus upped their price objective on Caterpillar from $285.00 to $293.00 and gave the stock a “buy” rating in a research note on Tuesday, December 19th. TD Cowen upped their price objective on Caterpillar from $300.00 to $338.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 6th. Citigroup upped their price objective on Caterpillar from $255.00 to $340.00 and gave the stock a “neutral” rating in a research note on Monday, February 12th. Finally, Evercore ISI cut Caterpillar from an “outperform” rating to an “in-line” rating and upped their price objective for the stock from $321.00 to $338.00 in a research note on Tuesday, February 20th. One analyst has rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $297.89.

Get Our Latest Report on Caterpillar

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.

Read More

Want to see what other hedge funds are holding CAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Caterpillar Inc. (NYSE:CATFree Report).

Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

Receive News & Ratings for Caterpillar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Caterpillar and related companies with MarketBeat.com's FREE daily email newsletter.