EagleClaw Capital Managment LLC Acquires 1,900 Shares of Caterpillar Inc. $CAT

EagleClaw Capital Managment LLC lifted its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 10.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,325 shares of the industrial products company’s stock after purchasing an additional 1,900 shares during the quarter. Caterpillar accounts for approximately 1.4% of EagleClaw Capital Managment LLC’s portfolio, making the stock its 29th largest position. EagleClaw Capital Managment LLC’s holdings in Caterpillar were worth $9,698,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Bollard Group LLC raised its stake in Caterpillar by 5.3% in the third quarter. Bollard Group LLC now owns 226,762 shares of the industrial products company’s stock valued at $108,199,000 after purchasing an additional 11,408 shares in the last quarter. Crawford Investment Counsel Inc. grew its stake in Caterpillar by 1.7% in the 3rd quarter. Crawford Investment Counsel Inc. now owns 6,121 shares of the industrial products company’s stock worth $2,921,000 after buying an additional 100 shares in the last quarter. Capitolis Liquid Global Markets LLC bought a new position in shares of Caterpillar in the 3rd quarter worth $9,543,000. Clark Capital Management Group Inc. lifted its holdings in shares of Caterpillar by 18.0% during the 3rd quarter. Clark Capital Management Group Inc. now owns 6,470 shares of the industrial products company’s stock worth $3,087,000 after acquiring an additional 987 shares during the last quarter. Finally, Ausdal Financial Partners Inc. grew its position in Caterpillar by 1.8% in the third quarter. Ausdal Financial Partners Inc. now owns 71,118 shares of the industrial products company’s stock worth $33,934,000 after acquiring an additional 1,290 shares in the last quarter. 70.98% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Caterpillar

In other Caterpillar news, insider Anthony D. Fassino sold 7,891 shares of the firm’s stock in a transaction on Friday, February 13th. The shares were sold at an average price of $776.90, for a total value of $6,130,517.90. Following the sale, the insider owned 46,643 shares of the company’s stock, valued at $36,236,946.70. This trade represents a 14.47% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Rodney Michael Shurman sold 2,278 shares of the business’s stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $759.61, for a total transaction of $1,730,391.58. Following the completion of the transaction, the insider owned 1,443 shares in the company, valued at $1,096,117.23. The trade was a 61.22% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 135,950 shares of company stock worth $94,327,990 over the last ninety days. 0.33% of the stock is owned by company insiders.

Caterpillar Price Performance

Shares of Caterpillar stock opened at $693.89 on Friday. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.44 and a quick ratio of 0.94. Caterpillar Inc. has a one year low of $267.30 and a one year high of $789.81. The business’s 50 day simple moving average is $693.92 and its two-hundred day simple moving average is $585.00. The stock has a market capitalization of $322.86 billion, a P/E ratio of 36.87, a price-to-earnings-growth ratio of 1.64 and a beta of 1.54.

Caterpillar (NYSE:CAT) last released its quarterly earnings data on Thursday, January 29th. The industrial products company reported $5.16 earnings per share for the quarter, beating analysts’ consensus estimates of $4.67 by $0.49. Caterpillar had a return on equity of 45.76% and a net margin of 13.14%.The firm had revenue of $19.13 billion during the quarter, compared to analyst estimates of $17.81 billion. During the same quarter in the prior year, the firm posted $5.14 earnings per share. The business’s quarterly revenue was up 17.9% compared to the same quarter last year. Analysts forecast that Caterpillar Inc. will post 19.86 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on CAT. DA Davidson upped their price objective on Caterpillar from $569.00 to $650.00 and gave the stock a “neutral” rating in a report on Monday, February 2nd. Evercore upped their target price on Caterpillar from $476.00 to $630.00 and gave the stock an “outperform” rating in a research note on Monday, November 17th. Citigroup lifted their price target on shares of Caterpillar from $760.00 to $785.00 and gave the stock a “buy” rating in a research note on Monday, March 9th. Morgan Stanley boosted their price objective on shares of Caterpillar from $400.00 to $425.00 and gave the stock an “underweight” rating in a report on Tuesday, February 3rd. Finally, UBS Group reaffirmed a “neutral” rating and issued a $677.00 price objective on shares of Caterpillar in a research note on Monday, February 2nd. Sixteen equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $730.50.

Caterpillar Profile

Caterpillar Inc is a global manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and locomotives. The company’s product portfolio includes earthmoving machines such as excavators, bulldozers, wheel loaders and off‑highway trucks, as well as a range of power generation products including generator sets and power systems for industrial and commercial use. Caterpillar serves customers across heavy construction, mining, energy, transportation and related industries with both equipment and integrated technology solutions.

In addition to manufacturing, Caterpillar provides a broad range of aftermarket parts and support services, including maintenance, repair, remanufacturing and fleet management tools.