Elgethun Capital Management Boosts Stock Holdings in Caterpillar Inc. (NYSE:CAT)

Elgethun Capital Management grew its position in Caterpillar Inc. (NYSE:CAT) by 16.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,097 shares of the industrial products company’s stock after acquiring an additional 155 shares during the quarter. Elgethun Capital Management’s holdings in Caterpillar were worth $398,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Twin Capital Management Inc. boosted its stake in Caterpillar by 0.5% during the 4th quarter. Twin Capital Management Inc. now owns 16,016 shares of the industrial products company’s stock worth $5,810,000 after purchasing an additional 81 shares during the last quarter. Invesco Ltd. boosted its position in Caterpillar by 0.3% during the fourth quarter. Invesco Ltd. now owns 2,991,403 shares of the industrial products company’s stock worth $1,085,161,000 after acquiring an additional 9,212 shares during the last quarter. Trek Financial LLC grew its stake in Caterpillar by 29.6% during the 4th quarter. Trek Financial LLC now owns 3,044 shares of the industrial products company’s stock valued at $1,104,000 after acquiring an additional 695 shares in the last quarter. Waterloo Capital L.P. acquired a new stake in Caterpillar in the 4th quarter valued at about $229,000. Finally, Titleist Asset Management LLC boosted its holdings in shares of Caterpillar by 20.0% during the 4th quarter. Titleist Asset Management LLC now owns 3,062 shares of the industrial products company’s stock worth $1,111,000 after purchasing an additional 511 shares during the last quarter. 70.98% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. StockNews.com downgraded Caterpillar from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Wedbush raised shares of Caterpillar to an “outperform” rating in a research report on Monday, February 3rd. UBS Group upgraded shares of Caterpillar from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $355.00 to $385.00 in a research report on Monday, February 3rd. Bank of America cut their price target on shares of Caterpillar from $452.00 to $414.00 and set a “buy” rating for the company in a report on Friday, January 31st. Finally, Evercore ISI increased their price objective on Caterpillar from $365.00 to $375.00 and gave the stock an “in-line” rating in a research report on Wednesday, February 19th. 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 currently has an average rating of “Hold” and a consensus target price of $383.80.

Insider Activity at Caterpillar

In other news, CFO Andrew R. J. Bonfield sold 10,000 shares of the stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $380.09, for a total value of $3,800,900.00. Following the completion of the sale, the chief financial officer now directly owns 45,182 shares of the company’s stock, valued at approximately $17,173,226.38. This represents a 18.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jason Kaiser sold 2,425 shares of Caterpillar stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $354.70, for a total transaction of $860,147.50. Following the completion of the transaction, the insider now directly owns 6,275 shares in the company, valued at $2,225,742.50. The trade was a 27.87 % 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 Price Performance

CAT stock opened at $287.57 on Monday. The business has a 50 day moving average price of $346.83 and a 200 day moving average price of $371.43. 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 stock has a market cap of $137.44 billion, a price-to-earnings ratio of 13.03, a PEG ratio of 1.87 and a beta of 1.21. Caterpillar Inc. has a fifty-two week low of $269.43 and a fifty-two week high of $418.50.

Caterpillar (NYSE:CAT) last issued its earnings results on Thursday, January 30th. The industrial products company reported $5.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.97 by $0.17. Caterpillar had a net margin of 16.65% and a return on equity of 58.18%. Equities research 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.