Sawtooth Solutions LLC Buys New Position in Caterpillar Inc. (CAT)

Sawtooth Solutions LLC bought a new position in Caterpillar Inc. (NYSE:CAT) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 4,129 shares of the industrial products company’s stock, valued at approximately $651,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CAT. Davis R M Inc. grew its position in Caterpillar by 5.9% during the fourth quarter. Davis R M Inc. now owns 6,061 shares of the industrial products company’s stock valued at $955,000 after buying an additional 337 shares during the period. Covington Capital Management grew its position in Caterpillar by 14.5% during the fourth quarter. Covington Capital Management now owns 2,690 shares of the industrial products company’s stock valued at $424,000 after buying an additional 340 shares during the period. RiverPoint Capital Management LLC grew its position in Caterpillar by 13.1% during the fourth quarter. RiverPoint Capital Management LLC now owns 2,980 shares of the industrial products company’s stock valued at $470,000 after buying an additional 344 shares during the period. Bridges Investment Management Inc. grew its position in Caterpillar by 7.4% during the fourth quarter. Bridges Investment Management Inc. now owns 5,096 shares of the industrial products company’s stock valued at $803,000 after buying an additional 350 shares during the period. Finally, Northstar Group Inc. grew its position in Caterpillar by 15.3% during the fourth quarter. Northstar Group Inc. now owns 2,735 shares of the industrial products company’s stock valued at $431,000 after buying an additional 362 shares during the period. Hedge funds and other institutional investors own 69.22% of the company’s stock.

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In other news, General Counsel Suzette M. Long sold 528 shares of the stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $160.46, for a total value of $84,722.88. Following the sale, the general counsel now directly owns 19,646 shares of the company’s stock, valued at $3,152,397.16. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Thomas A. Pellette sold 95,199 shares of the stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $163.09, for a total transaction of $15,526,004.91. Following the completion of the sale, the insider now directly owns 96,268 shares in the company, valued at $15,700,348.12. The disclosure for this sale can be found here. Corporate insiders own 0.14% of the company’s stock.

Several equities analysts recently weighed in on the stock. Vetr upgraded shares of Caterpillar from a “buy” rating to a “strong-buy” rating and set a $169.76 price target for the company in a research report on Monday. Credit Suisse Group restated a “buy” rating and set a $210.00 price target on shares of Caterpillar in a research report on Wednesday, March 14th. ValuEngine lowered shares of Caterpillar from a “buy” rating to a “hold” rating in a research report on Wednesday, March 7th. Morgan Stanley assumed coverage on shares of Caterpillar in a research report on Friday, March 2nd. They set an “overweight” rating and a $185.00 price target for the company. Finally, UBS set a $190.00 price target on shares of Caterpillar and gave the company a “buy” rating in a research report on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $170.40.

Shares of CAT stock opened at $144.29 on Friday. Caterpillar Inc. has a fifty-two week low of $90.34 and a fifty-two week high of $173.24. The stock has a market cap of $87,791.23, a PE ratio of 114.52, a PEG ratio of 1.34 and a beta of 1.23. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.35 and a quick ratio of 0.97.

Caterpillar (NYSE:CAT) last announced its quarterly earnings results on Thursday, January 25th. The industrial products company reported $2.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.77 by $0.39. Caterpillar had a net margin of 1.66% and a return on equity of 28.69%. The firm had revenue of $12.90 billion for the quarter, compared to the consensus estimate of $12.01 billion. During the same period in the prior year, the firm posted $0.83 earnings per share. The company’s revenue for the quarter was up 34.7% on a year-over-year basis. research analysts predict that Caterpillar Inc. will post 9.1 EPS for the current year.

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About Caterpillar

Caterpillar Inc is a manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The Company operates through segments, including Construction Industries, which is engaged in supporting customers using machinery in infrastructure, forestry and building construction; Resource Industries, which is engaged in supporting customers using machinery in mining, quarry, waste and material handling applications; Energy & Transportation, which supports customers in oil and gas, power generation, marine, rail and industrial applications, including Cat machines; Financial Products segment, which provides financing and related services, and All Other operating segments, which includes activities, such as product management and development, and manufacturing of filters and fluids, undercarriage, tires and rims, ground engaging tools, fluid transfer products, and sealing and connecting components for Cat products.

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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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