SevenBridge Financial Group LLC Has $2.32 Million Holdings in Caterpillar Inc. (NYSE:CAT)

SevenBridge Financial Group LLC lifted its stake in shares of Caterpillar Inc. (NYSE:CAT) by 21.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 6,404 shares of the industrial products company’s stock after buying an additional 1,132 shares during the quarter. SevenBridge Financial Group LLC’s holdings in Caterpillar were worth $2,320,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of CAT. Principal Financial Group Inc. grew its stake in shares of Caterpillar by 0.7% in the 3rd quarter. Principal Financial Group Inc. now owns 729,654 shares of the industrial products company’s stock valued at $285,382,000 after buying an additional 5,371 shares during the period. Kestra Investment Management LLC acquired a new stake in Caterpillar in the third quarter valued at approximately $393,000. Benjamin Edwards Inc. increased its holdings in shares of Caterpillar by 976.0% during the third quarter. Benjamin Edwards Inc. now owns 31,796 shares of the industrial products company’s stock valued at $12,441,000 after acquiring an additional 28,841 shares in the last quarter. Ascent Group LLC raised its position in shares of Caterpillar by 19.4% during the third quarter. Ascent Group LLC now owns 1,138 shares of the industrial products company’s stock worth $445,000 after purchasing an additional 185 shares during the period. Finally, Hilltop Holdings Inc. lifted its holdings in shares of Caterpillar by 38.8% in the 3rd quarter. Hilltop Holdings Inc. now owns 3,982 shares of the industrial products company’s stock worth $1,557,000 after purchasing an additional 1,113 shares in the last quarter. Institutional investors and hedge funds own 70.98% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Bank of America decreased their price target on shares of Caterpillar from $452.00 to $414.00 and set a “buy” rating for the company in a research note on Friday, January 31st. UBS Group upgraded shares of Caterpillar from a “sell” rating to a “neutral” rating and upped their target price for the stock from $355.00 to $385.00 in a report on Monday, February 3rd. Evercore ISI raised their price target on shares of Caterpillar from $365.00 to $375.00 and gave the company an “in-line” rating in a research report on Wednesday, February 19th. JPMorgan Chase & Co. decreased their price objective on Caterpillar from $515.00 to $490.00 and set an “overweight” rating for the company in a report on Friday, January 31st. Finally, DA Davidson raised their target price on Caterpillar from $350.00 to $357.00 and gave the company a “neutral” rating in a report on Tuesday, February 4th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $383.80.

Insider Activity

In other news, insider Jason Kaiser sold 2,425 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $354.70, for a total value of $860,147.50. Following the sale, the insider now owns 6,275 shares of the company’s stock, valued at $2,225,742.50. The trade was a 27.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $380.09, for a total transaction of $3,800,900.00. Following the completion of the transaction, the chief financial officer now directly owns 45,182 shares of the company’s stock, valued at approximately $17,173,226.38. This trade represents a 18.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.29% of the company’s stock.

Caterpillar Stock Performance

Shares of CAT stock opened at $330.40 on Wednesday. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.89 and a current ratio of 1.42. The firm has a market cap of $157.91 billion, a price-to-earnings ratio of 14.97, a P/E/G ratio of 1.87 and a beta of 1.15. Caterpillar Inc. has a 52 week low of $307.05 and a 52 week high of $418.50. The firm’s 50-day simple moving average is $352.51 and its two-hundred day simple moving average is $372.33.

Caterpillar (NYSE:CAT) last posted its quarterly earnings results on Thursday, January 30th. The industrial products company reported $5.14 EPS for the quarter, topping analysts’ consensus estimates of $4.97 by $0.17. Caterpillar had a net margin of 16.65% and a return on equity of 58.18%. As a group, equities analysts forecast that Caterpillar Inc. will post 19.86 earnings per share for the current 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.