TRU Independence Asset Management 2 LLC Acquires Shares of 225 Caterpillar Inc. (NYSE:CAT)


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TRU Independence Asset Management 2 LLC bought a new stake in shares of Caterpillar Inc. (NYSE:CAT) during the 4th quarter, Holdings Channel.com reports. The institutional investor bought 225 shares of the industrial products company’s stock, valued at approximately $41,000.

Several other hedge funds and other institutional investors have also made changes to their positions in CAT. HBC Financial Services PLLC purchased a new stake in shares of Caterpillar during the 4th quarter valued at about $31,000. Flagship Private Wealth LLC purchased a new stake in Caterpillar in the 4th quarter worth about $32,000. Wolff Wiese Magana LLC purchased a new stake in Caterpillar in the 4th quarter worth about $33,000. Oder Investment Management LLC purchased a new position in shares of Caterpillar during the fourth quarter worth approximately $34,000. Finally, RWM Asset Management LLC purchased a new position in shares of Caterpillar during the fourth quarter worth approximately $36,000. Hedge funds and other institutional investors own 67.48% of the company’s stock.

In other Caterpillar news, insider Denise C. Johnson sold 80,695 shares of Caterpillar stock in a transaction on Monday, March 8th. The shares were sold at an average price of $219.82, for a total value of $17,738,374.90. Following the completion of the transaction, the insider now owns 38,945 shares of the company’s stock, valued at $8,560,889.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Gary Michael Marvel sold 4,018 shares of Caterpillar stock in a transaction on Tuesday, February 2nd. The shares were sold at an average price of $190.76, for a total transaction of $766,473.68. In the last three months, insiders have sold 149,080 shares of company stock valued at $32,650,920. 0.31% of the stock is currently owned by corporate insiders.

Shares of Caterpillar stock opened at $230.41 on Thursday. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.54 and a quick ratio of 1.08. The firm has a fifty day moving average price of $222.41 and a 200 day moving average price of $186.67. Caterpillar Inc. has a 1 year low of $100.22 and a 1 year high of $237.78. The stock has a market cap of $125.64 billion, a PE ratio of 38.34, a price-to-earnings-growth ratio of 2.14 and a beta of 0.97.

Caterpillar (NYSE:CAT) last issued its earnings results on Thursday, January 28th. The industrial products company reported $2.12 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.49 by $0.63. Caterpillar had a net margin of 7.60% and a return on equity of 25.24%. The firm had revenue of $11.24 billion during the quarter, compared to analysts’ expectations of $11.24 billion. During the same quarter last year, the company posted $2.63 earnings per share. The firm’s revenue was down 14.5% compared to the same quarter last year. As a group, equities analysts expect that Caterpillar Inc. will post 5.44 EPS for the current year.

CAT has been the topic of a number of research reports. Robert W. Baird raised their target price on shares of Caterpillar to $220.00 in a research report on Wednesday, December 30th. BMO Capital Markets increased their price objective on shares of Caterpillar from $135.00 to $190.00 and gave the company a “market perform” rating in a research note on Monday, February 1st. Jefferies Financial Group increased their price objective on shares of Caterpillar from $160.00 to $200.00 and gave the company a “hold” rating in a research note on Friday, January 15th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell raised their target price on shares of Caterpillar from $205.00 to $245.00 in a research note on Tuesday, March 16th. Finally, Credit Suisse Group raised their target price on shares of Caterpillar from $228.00 to $235.00 and gave the company an “outperform” rating in a research note on Monday, February 1st. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and ten have issued a buy rating to the company. Caterpillar currently has an average rating of “Hold” and a consensus target price of $182.05.

About Caterpillar

Caterpillar Inc manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives worldwide. Its Construction Industries segment offers asphalt pavers, compactors, cold planers, motorgraders, pipelayers, road reclaimers, telehandlers, and utility vehicles; backhoe, compact track, multi-terrain, skid steer, and track-type loaders; forestry and wheel excavators; and site prep and track-type tractors.

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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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