Apella Capital LLC Purchases New Holdings in Caterpillar Inc. (NYSE:CAT)

Apella Capital LLC purchased a new stake in Caterpillar Inc. (NYSE:CAT – Get Rating) in the fourth quarter, HoldingsChannel reports. The firm purchased 838 shares of the industrial products company’s stock, valued at approximately $201,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Ontario Teachers Pension Plan Board acquired a new stake in Caterpillar during the 1st quarter worth $433,134,000. Altshuler Shaham Ltd grew its holdings in Caterpillar by 46.8% during the 3rd quarter. Altshuler Shaham Ltd now owns 2,624,672 shares of the industrial products company’s stock worth $435,423,000 after acquiring an additional 836,340 shares during the period. Barclays PLC grew its holdings in Caterpillar by 168.0% during the 3rd quarter. Barclays PLC now owns 977,373 shares of the industrial products company’s stock worth $160,368,000 after acquiring an additional 612,692 shares during the period. Amundi grew its holdings in Caterpillar by 15.6% during the 2nd quarter. Amundi now owns 3,130,082 shares of the industrial products company’s stock worth $531,926,000 after acquiring an additional 422,355 shares during the period. Finally, State Street Corp grew its holdings in Caterpillar by 0.7% during the 3rd quarter. State Street Corp now owns 40,070,278 shares of the industrial products company’s stock worth $6,574,731,000 after acquiring an additional 291,836 shares during the period. Institutional investors and hedge funds own 68.02% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on CAT shares. BMO Capital Markets lifted their target price on shares of Caterpillar from $210.00 to $230.00 in a report on Tuesday, February 7th. Bank of America raised shares of Caterpillar from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $217.00 to $295.00 in a research report on Friday, January 13th. Wells Fargo & Company lifted their price target on shares of Caterpillar from $228.00 to $240.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 1st. UBS Group cut shares of Caterpillar from a “neutral” rating to a “sell” rating and reduced their price target for the stock from $230.00 to $225.00 in a research report on Friday, March 10th. Finally, Barclays lifted their price target on shares of Caterpillar from $200.00 to $225.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 1st. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $241.00.

Insiders Place Their Bets

In other Caterpillar news, insider Cheryl H. Johnson sold 23,883 shares of the business’s stock in a transaction dated Friday, February 3rd. The shares were sold at an average price of $250.44, for a total transaction of $5,981,258.52. Following the sale, the insider now directly owns 13,857 shares of the company’s stock, valued at approximately $3,470,347.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, insider Denise C. Johnson sold 23,737 shares of the business’s stock in a transaction dated Tuesday, December 27th. The shares were sold at an average price of $240.14, for a total transaction of $5,700,203.18. Following the transaction, the insider now directly owns 8,605 shares in the company, valued at approximately $2,066,404.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Cheryl H. Johnson sold 23,883 shares of the business’s stock in a transaction dated Friday, February 3rd. The stock was sold at an average price of $250.44, for a total transaction of $5,981,258.52. Following the transaction, the insider now owns 13,857 shares in the company, valued at $3,470,347.08. The disclosure for this sale can be found here. Insiders have sold 90,984 shares of company stock valued at $22,519,893 in the last three months. 0.27% of the stock is currently owned by corporate insiders.

Caterpillar Trading Down 1.7 %

CAT opened at $215.01 on Friday. The stock has a market capitalization of $111.02 billion, a P/E ratio of 17.00, a P/E/G ratio of 1.16 and a beta of 1.11. Caterpillar Inc. has a 12 month low of $160.60 and a 12 month high of $266.04. The firm’s fifty day simple moving average is $246.19 and its 200 day simple moving average is $222.28. The company has a current ratio of 1.39, a quick ratio of 0.87 and a debt-to-equity ratio of 1.62.

Caterpillar (NYSE:CAT – Get Rating) last issued its quarterly earnings results on Tuesday, January 31st. The industrial products company reported $3.86 EPS for the quarter, missing the consensus estimate of $3.95 by ($0.09). Caterpillar had a return on equity of 45.61% and a net margin of 11.28%. The business had revenue of $16.60 billion for the quarter, compared to the consensus estimate of $15.84 billion. During the same period last year, the firm earned $2.69 earnings per share. The company’s quarterly revenue was up 20.3% compared to the same quarter last year. As a group, research analysts anticipate that Caterpillar Inc. will post 15.67 EPS for the current fiscal year.

Caterpillar Company Profile

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Caterpillar, Inc engages in the manufacture of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. It operates through the following segments: Construction Industries, Resource Industries, Energy and Transportation, Financial Products, and All Other.