Caterpillar Inc. (NYSE:CAT) Shares Bought by Elwood & Goetz Wealth Advisory Group LLC

Elwood & Goetz Wealth Advisory Group LLC lifted its holdings in Caterpillar Inc. (NYSE:CAT) by 2.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,916 shares of the industrial products company’s stock after acquiring an additional 38 shares during the period. Elwood & Goetz Wealth Advisory Group LLC’s holdings in Caterpillar were worth $567,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in CAT. Transform Wealth LLC grew its holdings in Caterpillar by 0.9% during the 4th quarter. Transform Wealth LLC now owns 14,139 shares of the industrial products company’s stock valued at $4,181,000 after purchasing an additional 133 shares in the last quarter. Ritholtz Wealth Management grew its holdings in Caterpillar by 1.9% during the 4th quarter. Ritholtz Wealth Management now owns 7,536 shares of the industrial products company’s stock valued at $2,228,000 after purchasing an additional 139 shares in the last quarter. Accel Wealth Management grew its holdings in Caterpillar by 4.8% during the 4th quarter. Accel Wealth Management now owns 923 shares of the industrial products company’s stock valued at $273,000 after purchasing an additional 42 shares in the last quarter. Trueblood Wealth Management LLC acquired a new stake in Caterpillar during the 4th quarter valued at $2,000,000. Finally, Good Life Advisors LLC boosted its stake in Caterpillar by 4.0% during the 4th quarter. Good Life Advisors LLC now owns 6,166 shares of the industrial products company’s stock valued at $1,823,000 after acquiring an additional 238 shares during the last quarter. Institutional investors and hedge funds own 70.98% of the company’s stock.

Insider Buying and Selling at Caterpillar

In other Caterpillar news, insider Anthony D. Fassino sold 4,575 shares of the firm’s stock in a transaction dated 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 transaction, the insider now owns 23,474 shares of the company’s stock, valued at approximately $7,741,725.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Caterpillar news, insider Anthony D. Fassino sold 4,575 shares of the firm’s stock in a transaction dated 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 transaction, the insider now owns 23,474 shares of the company’s stock, valued at approximately $7,741,725.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of Caterpillar stock in a transaction that occurred on Thursday, January 25th. The stock was sold at an average price of $300.04, for a total transaction of $3,000,400.00. Following the completion of the transaction, the chief financial officer now directly owns 67,317 shares in the company, valued at approximately $20,197,792.68. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 45,769 shares of company stock valued at $14,509,306. Company insiders own 0.33% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Truist Financial assumed coverage on shares of Caterpillar in a research note on Thursday, March 14th. They set a “buy” rating and a $390.00 price objective on the stock. Morgan Stanley assumed coverage on shares of Caterpillar in a research note on Monday, January 8th. They set an “equal weight” rating and a $270.00 price objective on the stock. TD Cowen increased their price objective on shares of Caterpillar from $300.00 to $338.00 and gave the company an “outperform” rating in a research note on Tuesday, February 6th. StockNews.com downgraded shares of Caterpillar from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 20th. Finally, Stifel Nicolaus increased their price objective on shares of Caterpillar from $285.00 to $293.00 and gave the company a “buy” rating in a research note on Tuesday, December 19th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Caterpillar presently has a consensus rating of “Hold” and an average target price of $297.89.

Caterpillar Trading Up 0.5 %

Shares of NYSE:CAT opened at $366.38 on Friday. The company has a market cap of $182.97 billion, a PE ratio of 18.19, a P/E/G ratio of 1.74 and a beta of 1.16. The company’s 50-day moving average price is $325.46 and its 200 day moving average price is $287.19. Caterpillar Inc. has a fifty-two week low of $204.04 and a fifty-two week high of $367.22. 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 (NYSE:CAT) last issued its quarterly earnings data on Monday, February 5th. The industrial products company reported $5.23 earnings per share for the quarter, beating the consensus estimate of $4.76 by $0.47. The firm had revenue of $17.07 billion for the quarter, compared to the consensus estimate of $17.06 billion. Caterpillar had a net margin of 15.41% and a return on equity of 56.99%. Caterpillar’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period last year, the firm posted $3.86 EPS. Sell-side analysts anticipate that Caterpillar Inc. will post 21.25 earnings per share for the current year.

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.