SeaCrest Wealth Management LLC Has $3.52 Million Position in Caterpillar Inc. (NYSE:CAT)

SeaCrest Wealth Management LLC lessened its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 4.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 12,170 shares of the industrial products company’s stock after selling 610 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in Caterpillar were worth $3,516,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Waterway Wealth Management LLC acquired a new stake in Caterpillar during the fourth quarter worth about $352,000. Farmers Trust Co. increased its position in shares of Caterpillar by 2.7% during the fourth quarter. Farmers Trust Co. now owns 4,490 shares of the industrial products company’s stock valued at $1,328,000 after purchasing an additional 120 shares during the period. Panagora Asset Management Inc. raised its stake in shares of Caterpillar by 16.7% in the third quarter. Panagora Asset Management Inc. now owns 367,655 shares of the industrial products company’s stock valued at $100,370,000 after purchasing an additional 52,576 shares in the last quarter. Rise Advisors LLC boosted its stake in Caterpillar by 7.8% during the fourth quarter. Rise Advisors LLC now owns 1,074 shares of the industrial products company’s stock worth $318,000 after buying an additional 78 shares in the last quarter. Finally, Eagle Asset Management Inc. increased its holdings in Caterpillar by 176.9% in the 3rd quarter. Eagle Asset Management Inc. now owns 27,357 shares of the industrial products company’s stock valued at $7,468,000 after buying an additional 17,478 shares during the period. Institutional investors own 70.98% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on CAT. Wells Fargo & Company lifted their target price on shares of Caterpillar from $290.00 to $325.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 6th. JPMorgan Chase & Co. increased their target price on Caterpillar from $345.00 to $385.00 and gave the stock an “overweight” rating in a report on Tuesday, February 6th. StockNews.com lowered Caterpillar from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 20th. Sanford C. Bernstein boosted their target price on shares of Caterpillar from $216.00 to $245.00 and gave the company a “market perform” rating in a research note on Thursday, December 21st. Finally, Citigroup increased their target price on shares of Caterpillar from $255.00 to $340.00 and gave the stock a “neutral” rating in a research report on Monday, February 12th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $297.89.

Insider Transactions at Caterpillar

In other news, CFO Andrew R. J. Bonfield sold 10,000 shares of the stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $310.10, for a total value of $3,101,000.00. Following the transaction, the chief financial officer now owns 57,317 shares of the company’s stock, valued at approximately $17,774,001.70. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Caterpillar news, insider Lange Bob De sold 21,194 shares of the company’s stock in a transaction that occurred 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 sale, the insider now owns 61,092 shares of the company’s stock, valued at $19,886,667.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of Caterpillar stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $310.10, for a total transaction of $3,101,000.00. Following the transaction, the chief financial officer now directly owns 57,317 shares in the company, valued at $17,774,001.70. The disclosure for this sale can be found here. Insiders sold a total of 45,769 shares of company stock worth $14,509,306 in the last quarter. 0.33% of the stock is owned by company insiders.

Caterpillar Trading Up 0.5 %

NYSE:CAT traded up $1.78 during trading hours on Friday, hitting $366.43. 2,028,629 shares of the stock were exchanged, compared to its average volume of 2,158,563. The company’s 50 day moving average is $325.46 and its two-hundred day moving average is $287.19. The company has a market capitalization of $183.00 billion, a P/E ratio of 18.19, a price-to-earnings-growth ratio of 1.74 and a beta of 1.16. Caterpillar Inc. has a twelve month low of $204.04 and a twelve month high of $367.22. The company has a quick ratio of 0.87, a current ratio of 1.35 and a debt-to-equity ratio of 1.25.

Caterpillar (NYSE:CAT) last posted its quarterly earnings results on Monday, February 5th. The industrial products company reported $5.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.76 by $0.47. The business had revenue of $17.07 billion for the quarter, compared to analysts’ expectations of $17.06 billion. Caterpillar had a return on equity of 56.99% and a net margin of 15.41%. The firm’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter last year, the business earned $3.86 earnings per share. On average, sell-side analysts anticipate that Caterpillar Inc. will post 21.25 earnings per share for the current fiscal year.

Caterpillar Company 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.