Steel Grove Capital Advisors LLC Has $358,000 Stock Position in Caterpillar Inc. (NYSE:CAT)

Steel Grove Capital Advisors LLC lessened its stake in shares of Caterpillar Inc. (NYSE:CAT) by 3.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,209 shares of the industrial products company’s stock after selling 45 shares during the period. Steel Grove Capital Advisors LLC’s holdings in Caterpillar were worth $358,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Moneta Group Investment Advisors LLC grew its holdings in shares of Caterpillar by 130,632.5% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 9,784,017 shares of the industrial products company’s stock valued at $2,343,859,000 after buying an additional 9,776,533 shares in the last quarter. Northern Trust Corp grew its stake in Caterpillar by 1.6% during the 3rd quarter. Northern Trust Corp now owns 6,962,809 shares of the industrial products company’s stock valued at $1,900,847,000 after acquiring an additional 111,384 shares in the last quarter. Morgan Stanley increased its holdings in shares of Caterpillar by 0.7% in the 3rd quarter. Morgan Stanley now owns 6,830,849 shares of the industrial products company’s stock valued at $1,864,823,000 after purchasing an additional 47,258 shares during the period. FMR LLC boosted its holdings in shares of Caterpillar by 14.9% during the third quarter. FMR LLC now owns 6,038,207 shares of the industrial products company’s stock worth $1,648,431,000 after purchasing an additional 781,111 shares during the period. Finally, Bank of New York Mellon Corp grew its position in Caterpillar by 1.7% during the third quarter. Bank of New York Mellon Corp now owns 5,440,783 shares of the industrial products company’s stock valued at $892,724,000 after purchasing an additional 92,360 shares in the last quarter. 70.98% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director David Maclennan purchased 350 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was acquired at an average price of $323.37 per share, with a total value of $113,179.50. Following the completion of the acquisition, the director now directly owns 5,238 shares in the company, valued at approximately $1,693,812.06. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Anthony D. Fassino sold 4,575 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $329.80, for a total transaction of $1,508,835.00. Following the completion of the sale, the insider now directly owns 23,474 shares of the company’s stock, valued at $7,741,725.20. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director David Maclennan acquired 350 shares of Caterpillar stock in a transaction on Friday, February 23rd. The stock was acquired at an average cost of $323.37 per share, for a total transaction of $113,179.50. Following the completion of the purchase, the director now owns 5,238 shares of the company’s stock, valued at approximately $1,693,812.06. The disclosure for this purchase can be found here. Insiders have sold a total of 45,769 shares of company stock valued at $14,509,306 in the last 90 days. 0.33% of the stock is currently owned by insiders.

Caterpillar Price Performance

Caterpillar stock traded up $1.63 during trading hours on Thursday, hitting $366.28. 1,072,871 shares of the stock were exchanged, compared to its average volume of 2,452,879. Caterpillar Inc. has a 12 month low of $204.04 and a 12 month high of $366.69. The business’s 50-day moving average is $325.46 and its two-hundred day moving average is $287.19. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.87 and a current ratio of 1.35. The stock has a market capitalization of $182.92 billion, a P/E ratio of 18.11, a P/E/G ratio of 1.70 and a beta of 1.16.

Caterpillar (NYSE:CAT) last issued its quarterly earnings data 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. Caterpillar had a return on equity of 56.99% and a net margin of 15.41%. The firm had revenue of $17.07 billion during the quarter, compared to the consensus estimate of $17.06 billion. During the same quarter in the previous year, the company posted $3.86 EPS. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. Equities research analysts expect that Caterpillar Inc. will post 21.25 EPS for the current fiscal year.

Analyst Ratings Changes

CAT has been the subject of a number of research reports. Sanford C. Bernstein lifted 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. Citigroup lifted their price target on Caterpillar from $255.00 to $340.00 and gave the stock a “neutral” rating in a research report on Monday, February 12th. Stifel Nicolaus increased their price objective on Caterpillar from $285.00 to $293.00 and gave the company a “buy” rating in a research report on Tuesday, December 19th. StockNews.com cut shares of Caterpillar from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 20th. Finally, Wells Fargo & Company boosted their price objective on shares of Caterpillar from $290.00 to $325.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 6th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $297.89.

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.