Crowley Wealth Management Inc. Purchases Shares of 1,262 Caterpillar Inc. (NYSE:CAT)

Crowley Wealth Management Inc. acquired a new position in shares of Caterpillar Inc. (NYSE:CAT) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 1,262 shares of the industrial products company’s stock, valued at approximately $458,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CAT. Principal Financial Group Inc. raised its stake in Caterpillar by 0.7% in the third quarter. Principal Financial Group Inc. now owns 729,654 shares of the industrial products company’s stock valued at $285,382,000 after buying an additional 5,371 shares during the last quarter. Thompson Siegel & Walmsley LLC boosted its stake in Caterpillar by 1.0% in the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 6,344 shares of the industrial products company’s stock worth $2,481,000 after purchasing an additional 60 shares in the last quarter. Pacer Advisors Inc. grew its position in Caterpillar by 1.8% during the 3rd quarter. Pacer Advisors Inc. now owns 45,930 shares of the industrial products company’s stock worth $17,964,000 after purchasing an additional 824 shares during the last quarter. CFS Investment Advisory Services LLC raised its holdings in shares of Caterpillar by 24.4% in the third quarter. CFS Investment Advisory Services LLC now owns 2,026 shares of the industrial products company’s stock worth $792,000 after buying an additional 397 shares during the last quarter. Finally, Nwam LLC lifted its stake in shares of Caterpillar by 9.6% during the third quarter. Nwam LLC now owns 4,802 shares of the industrial products company’s stock worth $1,878,000 after buying an additional 421 shares during the period. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Caterpillar Price Performance

Caterpillar stock opened at $335.49 on Friday. The stock has a market capitalization of $160.34 billion, a P/E ratio of 15.20, a P/E/G ratio of 1.87 and a beta of 1.15. The company’s fifty day moving average price is $358.61 and its 200 day moving average price is $372.05. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.89 and a current ratio of 1.42. Caterpillar Inc. has a 1 year low of $307.05 and a 1 year high of $418.50.

Caterpillar (NYSE:CAT) last released its earnings results on Thursday, January 30th. The industrial products company reported $5.14 EPS for the quarter, topping analysts’ consensus estimates 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, equities research analysts anticipate that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CAT. Morgan Stanley reduced their target price on Caterpillar from $330.00 to $300.00 and set an “underweight” rating for the company in a research note on Friday, January 31st. Raymond James raised Caterpillar from a “market perform” rating to an “outperform” rating in a report on Monday, February 3rd. UBS Group upgraded shares of Caterpillar from a “sell” rating to a “neutral” rating and increased their price target for the stock from $355.00 to $385.00 in a report on Monday, February 3rd. Truist Financial dropped their price objective on shares of Caterpillar from $455.00 to $438.00 and set a “buy” rating on the stock in a report on Monday, February 3rd. Finally, Citigroup raised their target price on shares of Caterpillar from $420.00 to $430.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $383.80.

Insider Activity

In other news, CFO Andrew R. J. Bonfield sold 10,000 shares of the stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $380.09, for a total value of $3,800,900.00. Following the completion of the sale, the chief financial officer now directly owns 45,182 shares in the company, valued at $17,173,226.38. This represents a 18.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Gerald Johnson acquired 100 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The shares were acquired at an average cost of $365.57 per share, with a total value of $36,557.00. Following the purchase, the director now owns 3,053 shares in the company, valued at $1,116,085.21. This represents a 3.39 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.29% of the company’s stock.

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.