Ellsworth Advisors LLC Has $10.62 Million Stock Holdings in Caterpillar Inc. (NYSE:CAT)

Ellsworth Advisors LLC increased its position in shares of Caterpillar Inc. (NYSE:CAT) by 67.2% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 35,904 shares of the industrial products company’s stock after buying an additional 14,424 shares during the quarter. Caterpillar makes up 3.4% of Ellsworth Advisors LLC’s investment portfolio, making the stock its 2nd largest holding. Ellsworth Advisors LLC’s holdings in Caterpillar were worth $10,616,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Atlas Capital Advisors LLC boosted its holdings in Caterpillar by 272.4% in the 1st quarter. Atlas Capital Advisors LLC now owns 108 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 79 shares during the period. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in Caterpillar by 730.8% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 108 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 95 shares during the period. First Capital Advisors Group LLC. bought a new stake in Caterpillar in the 2nd quarter valued at $30,000. CGC Financial Services LLC bought a new position in shares of Caterpillar during the 2nd quarter worth about $31,000. Finally, SkyView Investment Advisors LLC bought a new position in shares of Caterpillar during the 1st quarter worth about $35,000. 70.98% of the stock is owned by institutional investors.

Insider Transactions at Caterpillar

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on CAT shares. Evercore ISI downgraded shares of Caterpillar from an “outperform” rating to an “in-line” rating and raised their price objective for the stock from $321.00 to $338.00 in a report on Tuesday, February 20th. StockNews.com cut shares of Caterpillar from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 20th. Sanford C. Bernstein increased their target price on shares of Caterpillar from $216.00 to $245.00 and gave the stock a “market perform” rating in a research report on Thursday, December 21st. Truist Financial assumed coverage on shares of Caterpillar in a research report on Thursday, March 14th. They set a “buy” rating and a $390.00 target price for the company. Finally, JPMorgan Chase & Co. increased their target price on shares of Caterpillar from $345.00 to $385.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 6th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $297.89.

Caterpillar Trading Up 0.5 %

Caterpillar stock traded up $1.78 during midday trading 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 has a quick ratio of 0.87, a current ratio of 1.35 and a debt-to-equity ratio of 1.25. Caterpillar Inc. has a 52 week low of $204.04 and a 52 week high of $367.22. The company has a fifty day simple moving average of $325.46 and a two-hundred day simple moving average of $287.19. The stock has a market capitalization of $183.00 billion, a PE ratio of 18.19, a P/E/G ratio of 1.74 and a beta of 1.16.

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