Intrust Bank NA Decreases Stock Holdings in Caterpillar Inc. (NYSE:CAT)

Intrust Bank NA cut its stake in Caterpillar Inc. (NYSE:CAT) by 1.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,205 shares of the industrial products company’s stock after selling 34 shares during the quarter. Intrust Bank NA’s holdings in Caterpillar were worth $800,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Allstate Corp bought a new position in shares of Caterpillar during the 4th quarter valued at $5,221,000. Brown Brothers Harriman & Co. increased its position in Caterpillar by 0.4% during the fourth quarter. Brown Brothers Harriman & Co. now owns 13,308 shares of the industrial products company’s stock valued at $4,828,000 after acquiring an additional 58 shares during the last quarter. DnB Asset Management AS lifted its holdings in Caterpillar by 23.6% in the fourth quarter. DnB Asset Management AS now owns 1,536 shares of the industrial products company’s stock valued at $557,000 after acquiring an additional 293 shares during the period. Slagle Financial LLC grew its stake in shares of Caterpillar by 3.9% during the 4th quarter. Slagle Financial LLC now owns 6,858 shares of the industrial products company’s stock valued at $2,488,000 after purchasing an additional 260 shares during the period. Finally, denkapparat Operations GmbH purchased a new stake in shares of Caterpillar during the 4th quarter valued at about $390,000. 70.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CAT. Citigroup boosted their target price on shares of Caterpillar from $420.00 to $430.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Raymond James upgraded Caterpillar from a “market perform” rating to an “outperform” rating in a research note on Monday, February 3rd. Morgan Stanley lowered their target price on Caterpillar from $330.00 to $300.00 and set an “underweight” rating on the stock in a research report on Friday, January 31st. Bank of America reduced their price target on Caterpillar from $452.00 to $414.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Finally, StockNews.com downgraded Caterpillar from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Caterpillar presently has a consensus rating of “Hold” and an average target price of $383.80.

Insider Transactions at Caterpillar

In other news, Director Gerald Johnson purchased 100 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The stock was purchased at an average cost of $365.57 per share, with a total value of $36,557.00. Following the purchase, the director now owns 3,053 shares in the company, valued at approximately $1,116,085.21. This trade represents a 3.39 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jason Kaiser sold 2,425 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $354.70, for a total transaction of $860,147.50. Following the completion of the sale, the insider now directly owns 6,275 shares in the company, valued at $2,225,742.50. This trade represents a 27.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.29% of the company’s stock.

Caterpillar Price Performance

CAT stock opened at $329.65 on Friday. The company has a fifty day simple moving average of $354.99 and a two-hundred day simple moving average of $372.24. Caterpillar Inc. has a 52 week low of $307.05 and a 52 week high of $418.50. The company has a quick ratio of 0.89, a current ratio of 1.42 and a debt-to-equity ratio of 1.40. The firm has a market capitalization of $157.55 billion, a P/E ratio of 14.94, a price-to-earnings-growth ratio of 1.87 and a beta of 1.15.

Caterpillar (NYSE:CAT) last released its quarterly earnings results on Thursday, January 30th. The industrial products company reported $5.14 EPS for the quarter, topping the consensus estimate of $4.97 by $0.17. Caterpillar had a return on equity of 58.18% and a net margin of 16.65%. Analysts anticipate that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal year.

About Caterpillar

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.