Ritholtz Wealth Management Purchases 139 Shares of Caterpillar Inc. (NYSE:CAT)

Ritholtz Wealth Management raised its stake in shares of Caterpillar Inc. (NYSE:CAT) by 1.9% during the 4th quarter, Holdings Channel reports. The fund owned 7,536 shares of the industrial products company’s stock after purchasing an additional 139 shares during the period. Ritholtz Wealth Management’s holdings in Caterpillar were worth $2,228,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. BCK Partners Inc. purchased a new stake in shares of Caterpillar during the 1st quarter valued at $2,580,000. Sei Investments Co. lifted its holdings in shares of Caterpillar by 17.3% during the 1st quarter. Sei Investments Co. now owns 65,643 shares of the industrial products company’s stock valued at $14,634,000 after purchasing an additional 9,695 shares during the last quarter. Dakota Wealth Management purchased a new stake in shares of Caterpillar during the 1st quarter valued at $405,000. Mather Group LLC. lifted its holdings in shares of Caterpillar by 6.8% during the 1st quarter. Mather Group LLC. now owns 2,592 shares of the industrial products company’s stock valued at $577,000 after purchasing an additional 165 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its holdings in shares of Caterpillar by 4.4% during the 1st quarter. NewEdge Advisors LLC now owns 49,705 shares of the industrial products company’s stock valued at $11,075,000 after purchasing an additional 2,076 shares during the last quarter. Institutional investors own 70.98% of the company’s stock.

Caterpillar Stock Up 0.5 %

Shares of NYSE:CAT traded up $1.73 during trading on Thursday, hitting $366.38. The company’s stock had a trading volume of 2,028,222 shares, compared to its average volume of 2,469,203. The business has a 50 day moving average price of $325.46 and a two-hundred day moving average price of $287.19. The company has a market capitalization of $182.97 billion, a PE ratio of 18.19, a P/E/G ratio of 1.70 and a beta of 1.16. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.87 and a current ratio of 1.35. Caterpillar Inc. has a fifty-two week low of $204.04 and a fifty-two week high of $367.22.

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

Analyst Ratings Changes

Several analysts have recently commented on the company. Evercore ISI lowered Caterpillar from an “outperform” rating to an “in-line” rating and increased their price objective for the company from $321.00 to $338.00 in a report on Tuesday, February 20th. Wells Fargo & Company raised their target price on Caterpillar from $290.00 to $325.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 6th. TD Cowen raised their target price on Caterpillar from $300.00 to $338.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 6th. Sanford C. Bernstein lifted their price objective on Caterpillar from $216.00 to $245.00 and gave the company a “market perform” rating in a research note on Thursday, December 21st. Finally, Robert W. Baird lifted their price objective on Caterpillar from $210.00 to $257.00 and gave the company an “underperform” rating in a research note on Tuesday, February 6th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $297.89.

Insider Buying and Selling at Caterpillar

In other Caterpillar news, insider Lange Bob De sold 21,194 shares of the company’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $325.52, for a total value of $6,899,070.88. Following the completion of the transaction, the insider now owns 61,092 shares in the company, valued at $19,886,667.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Lange Bob De sold 21,194 shares of the company’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $325.52, for a total value of $6,899,070.88. Following the completion of the sale, the insider now directly owns 61,092 shares of the company’s stock, valued at $19,886,667.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the stock in a transaction dated Thursday, January 25th. The stock was sold at an average price of $300.04, for a total transaction of $3,000,400.00. Following the transaction, the chief financial officer now directly owns 67,317 shares of the company’s stock, valued at $20,197,792.68. The disclosure for this sale can be found here. Insiders sold 45,769 shares of company stock worth $14,509,306 over the last 90 days. Corporate insiders own 0.33% of the company’s stock.

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.