Indiana Trust & Investment Management CO Sells 252 Shares of Caterpillar Inc. (NYSE:CAT)

Indiana Trust & Investment Management CO lessened its stake in shares of Caterpillar Inc. (NYSE:CAT) by 7.4% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 3,146 shares of the industrial products company’s stock after selling 252 shares during the period. Indiana Trust & Investment Management CO’s holdings in Caterpillar were worth $729,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Price T Rowe Associates Inc. MD grew its stake in shares of Caterpillar by 109.1% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 13,041,360 shares of the industrial products company’s stock worth $2,373,788,000 after buying an additional 6,803,900 shares during the last quarter. Fisher Asset Management LLC grew its stake in shares of Caterpillar by 3.2% during the fourth quarter. Fisher Asset Management LLC now owns 6,188,027 shares of the industrial products company’s stock worth $1,126,345,000 after buying an additional 194,728 shares during the last quarter. FMR LLC grew its stake in shares of Caterpillar by 42.3% in the fourth quarter. FMR LLC now owns 6,019,787 shares of the industrial products company’s stock worth $1,095,721,000 after purchasing an additional 1,788,783 shares during the last quarter. Morgan Stanley grew its stake in shares of Caterpillar by 11.9% in the fourth quarter. Morgan Stanley now owns 4,867,473 shares of the industrial products company’s stock worth $885,977,000 after purchasing an additional 519,151 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Caterpillar in the fourth quarter worth $878,514,000. 67.48% of the stock is currently owned by hedge funds and other institutional investors.

In related news, CAO Gary Michael Marvel sold 5,056 shares of the company’s stock in a transaction that occurred on Monday, March 8th. The shares were sold at an average price of $220.97, for a total transaction of $1,117,224.32. Following the sale, the chief accounting officer now directly owns 5,623 shares in the company, valued at approximately $1,242,514.31. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Denise C. Johnson sold 80,695 shares of the company’s stock in a transaction that occurred on Monday, March 8th. The shares were sold at an average price of $219.82, for a total transaction of $17,738,374.90. Following the sale, the insider now owns 38,945 shares in the company, valued at $8,560,889.90. The disclosure for this sale can be found here. Insiders have sold a total of 149,080 shares of company stock worth $32,650,920 over the last 90 days. 0.31% of the stock is currently owned by corporate insiders.

Shares of Caterpillar stock traded down $1.67 on Thursday, reaching $228.74. 58,681 shares of the company traded hands, compared to its average volume of 3,398,930. Caterpillar Inc. has a 52 week low of $100.22 and a 52 week high of $237.78. The company has a 50 day moving average of $222.41 and a 200 day moving average of $186.67. The firm has a market capitalization of $124.73 billion, a PE ratio of 37.88, a PEG ratio of 2.14 and a beta of 0.97. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.54 and a quick ratio of 1.08.

Caterpillar (NYSE:CAT) last released its earnings results on Thursday, January 28th. The industrial products company reported $2.12 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.49 by $0.63. The firm had revenue of $11.24 billion during the quarter, compared to the consensus estimate of $11.24 billion. Caterpillar had a net margin of 7.60% and a return on equity of 25.24%. The company’s revenue was down 14.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.63 EPS. As a group, analysts anticipate that Caterpillar Inc. will post 5.44 earnings per share for the current year.

Several brokerages recently weighed in on CAT. Vertical Research began coverage on shares of Caterpillar in a research note on Wednesday, January 20th. They issued a “buy” rating and a $230.00 price objective on the stock. BMO Capital Markets boosted their target price on shares of Caterpillar from $135.00 to $190.00 and gave the company a “market perform” rating in a report on Monday, February 1st. Barclays boosted their target price on shares of Caterpillar from $165.00 to $200.00 and gave the company an “equal weight” rating in a report on Friday, January 15th. Stifel Nicolaus boosted their target price on shares of Caterpillar from $175.00 to $195.00 and gave the company a “buy” rating in a report on Tuesday, December 15th. Finally, Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell boosted their target price on shares of Caterpillar from $205.00 to $245.00 in a report on Tuesday, March 16th. Four research analysts have rated the stock with a sell rating, twelve have issued a hold rating and ten have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $182.05.

Caterpillar Company Profile

Caterpillar Inc manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives worldwide. Its Construction Industries segment offers asphalt pavers, compactors, cold planers, motorgraders, pipelayers, road reclaimers, telehandlers, and utility vehicles; backhoe, compact track, multi-terrain, skid steer, and track-type loaders; forestry and wheel excavators; and site prep and track-type tractors.

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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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