PDS Planning Inc Sells 32 Shares of Caterpillar Inc. (NYSE:CAT)

PDS Planning Inc lessened its holdings in Caterpillar Inc. (NYSE:CAT) by 1.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 2,370 shares of the industrial products company’s stock after selling 32 shares during the period. PDS Planning Inc’s holdings in Caterpillar were worth $860,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in CAT. Flagship Wealth Advisors LLC bought a new stake in shares of Caterpillar in the fourth quarter worth $26,000. Halbert Hargrove Global Advisors LLC bought a new stake in shares of Caterpillar in the fourth quarter worth $27,000. Noble Wealth Management PBC bought a new stake in shares of Caterpillar in the fourth quarter worth $31,000. Retirement Wealth Solutions LLC bought a new stake in shares of Caterpillar in the fourth quarter worth $34,000. Finally, Albion Financial Group UT lifted its position in shares of Caterpillar by 334.8% in the fourth quarter. Albion Financial Group UT now owns 100 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 77 shares in the last quarter. Institutional investors own 70.98% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on CAT shares. Evercore ISI upped their price target on shares of Caterpillar from $365.00 to $375.00 and gave the stock an “in-line” rating in a research report on Wednesday, February 19th. JPMorgan Chase & Co. dropped their price target on shares of Caterpillar from $515.00 to $490.00 and set an “overweight” rating on the stock in a research report on Friday, January 31st. Citigroup upped their price target on shares of Caterpillar from $420.00 to $430.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. DA Davidson upped their price target on shares of Caterpillar from $350.00 to $357.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 4th. Finally, Wedbush raised shares of Caterpillar to an “outperform” rating in a research report on Monday, February 3rd. Two analysts have rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $383.80.

Caterpillar Trading Up 0.9 %

CAT stock opened at $342.66 on Tuesday. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.89 and a current ratio of 1.42. The company’s 50-day simple moving average is $360.39 and its 200 day simple moving average is $372.60. Caterpillar Inc. has a 52 week low of $307.05 and a 52 week high of $418.50. The company has a market capitalization of $163.77 billion, a PE ratio of 15.53, a price-to-earnings-growth ratio of 1.87 and a beta of 1.15.

Caterpillar (NYSE:CAT) last released its quarterly earnings results on Thursday, January 30th. The industrial products company reported $5.14 EPS for the quarter, beating the consensus estimate of $4.97 by $0.17. Caterpillar had a net margin of 16.65% and a return on equity of 58.18%. As a group, sell-side analysts anticipate that Caterpillar Inc. will post 19.86 earnings per share for the current year.

Insider Activity at Caterpillar

In other Caterpillar news, insider Jason Kaiser sold 2,425 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $354.70, for a total transaction of $860,147.50. Following the sale, the insider now directly owns 6,275 shares in the company, valued at $2,225,742.50. This represents a 27.87 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $380.09, for a total transaction of $3,800,900.00. Following the sale, the chief financial officer now owns 45,182 shares in the company, valued at $17,173,226.38. The trade was a 18.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.29% of the stock is currently owned by corporate insiders.

About Caterpillar

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.