Hartford Investment Management Co. Sells 615 Shares of Caterpillar Inc. (NYSE:CAT)

Hartford Investment Management Co. trimmed its holdings in Caterpillar Inc. (NYSE:CATFree Report) by 1.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,369 shares of the industrial products company’s stock after selling 615 shares during the period. Hartford Investment Management Co.’s holdings in Caterpillar were worth $10,162,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of the stock. Atlas Capital Advisors LLC grew its holdings in shares of Caterpillar by 272.4% during 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 last quarter. Kayne Anderson Rudnick Investment Management LLC grew its holdings in Caterpillar by 730.8% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 108 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 95 shares during the last quarter. Gilfoyle & Co LLC bought a new stake in shares of Caterpillar in the 4th quarter valued at about $30,000. First Capital Advisors Group LLC. bought a new position in Caterpillar during the 2nd quarter worth approximately $30,000. Finally, CGC Financial Services LLC acquired a new position in Caterpillar in the second quarter valued at $31,000. 70.98% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on CAT. JPMorgan Chase & Co. raised their price objective 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. Morgan Stanley assumed coverage on shares of Caterpillar in a research report on Monday, January 8th. They set an “equal weight” rating and a $270.00 target price for the company. Truist Financial assumed coverage on shares of Caterpillar in a report on Thursday, March 14th. They set a “buy” rating and a $390.00 price objective on the stock. Sanford C. Bernstein upped their target price on shares of Caterpillar from $216.00 to $245.00 and gave the stock a “market perform” rating in a report on Thursday, December 21st. Finally, Citigroup upped their price target on shares of Caterpillar from $255.00 to $340.00 and gave the stock a “neutral” rating in a report on Monday, February 12th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, Caterpillar presently has a consensus rating of “Hold” and an average price target of $297.89.

Check Out Our Latest Research Report on CAT

Caterpillar Trading Up 2.1 %

Shares of NYSE:CAT traded up $7.84 during midday trading on Wednesday, hitting $372.67. 1,144,231 shares of the stock traded hands, compared to its average volume of 2,431,704. Caterpillar Inc. has a one year low of $204.04 and a one year high of $373.00. The stock has a market capitalization of $186.11 billion, a PE ratio of 18.12, a P/E/G ratio of 1.74 and a beta of 1.17. The company has a quick ratio of 0.87, a current ratio of 1.35 and a debt-to-equity ratio of 1.25. The business’s 50 day moving average is $331.80 and its two-hundred day moving average is $289.64.

Caterpillar (NYSE:CATGet Free Report) last announced its earnings results on Monday, February 5th. The industrial products company reported $5.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.76 by $0.47. The firm had revenue of $17.07 billion during the quarter, compared to analyst estimates of $17.06 billion. Caterpillar had a return on equity of 56.99% and a net margin of 15.41%. The business’s revenue was up 2.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.86 EPS. As a group, research analysts forecast that Caterpillar Inc. will post 21.25 earnings per share for the current year.

Insider Buying and Selling at Caterpillar

In other Caterpillar news, CFO Andrew R. J. Bonfield sold 10,000 shares of the business’s stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $300.04, for a total value of $3,000,400.00. Following the sale, the chief financial officer now directly owns 67,317 shares of the company’s stock, valued at $20,197,792.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CFO Andrew R. J. Bonfield sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 25th. The shares were sold at an average price of $300.04, for a total transaction of $3,000,400.00. Following the completion of the sale, the chief financial officer now owns 67,317 shares of the company’s stock, valued at $20,197,792.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Lange Bob De sold 21,194 shares of the stock in a transaction 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 sale, the insider now owns 61,092 shares in the company, valued at $19,886,667.84. The disclosure for this sale can be found here. Over the last quarter, insiders sold 45,769 shares of company stock valued at $14,509,306. Corporate insiders own 0.33% of the company’s stock.

Caterpillar Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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