1,266 Shares in Caterpillar Inc. (NYSE:CAT) Acquired by Tumwater Wealth Management LLC

Tumwater Wealth Management LLC purchased a new position in shares of Caterpillar Inc. (NYSE:CAT) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 1,266 shares of the industrial products company’s stock, valued at approximately $459,000. Caterpillar comprises approximately 0.2% of Tumwater Wealth Management LLC’s portfolio, making the stock its 20th biggest holding.

Several other institutional investors and hedge funds have also bought and sold shares of CAT. Principal Financial Group Inc. grew its position in Caterpillar by 0.7% during the 3rd quarter. Principal Financial Group Inc. now owns 729,654 shares of the industrial products company’s stock worth $285,382,000 after acquiring an additional 5,371 shares during the last quarter. CIBC Asset Management Inc grew its position in Caterpillar by 4.4% during the 3rd quarter. CIBC Asset Management Inc now owns 72,743 shares of the industrial products company’s stock worth $28,451,000 after acquiring an additional 3,051 shares during the last quarter. Coastline Trust Co grew its position in shares of Caterpillar by 4.4% in the 3rd quarter. Coastline Trust Co now owns 6,376 shares of the industrial products company’s stock worth $2,494,000 after buying an additional 271 shares during the last quarter. KPP Advisory Services LLC bought a new stake in shares of Caterpillar in the 3rd quarter worth approximately $231,000. Finally, Turtle Creek Wealth Advisors LLC grew its position in shares of Caterpillar by 1.5% in the 3rd quarter. Turtle Creek Wealth Advisors LLC now owns 20,114 shares of the industrial products company’s stock worth $7,867,000 after buying an additional 291 shares during the last quarter. 70.98% of the stock is currently owned by institutional investors.

Caterpillar Stock Performance

Shares of CAT opened at $340.46 on Friday. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.42 and a quick ratio of 0.89. Caterpillar Inc. has a one year low of $307.05 and a one year high of $418.50. The firm has a market capitalization of $162.72 billion, a P/E ratio of 15.43, a PEG ratio of 1.87 and a beta of 1.15. The business has a fifty day moving average of $360.81 and a 200 day moving average of $372.49.

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

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Raymond James upgraded Caterpillar from a “market perform” rating to an “outperform” rating in a research report on Monday, February 3rd. DA Davidson lifted their price objective on Caterpillar from $350.00 to $357.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 4th. Bank of America cut their price objective on Caterpillar from $452.00 to $414.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. JPMorgan Chase & Co. dropped their price target on Caterpillar from $515.00 to $490.00 and set an “overweight” rating on the stock in a research report on Friday, January 31st. Finally, Truist Financial dropped their price target on Caterpillar from $455.00 to $438.00 and set a “buy” rating on the stock in a research report on Monday, February 3rd. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $383.80.

Insider Buying and Selling at Caterpillar

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

Caterpillar Company Profile

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.