Zions Bancorporation N.A. Has $335,000 Stock Position in Caterpillar Inc. (NYSE:CAT)

Zions Bancorporation N.A. boosted its position in Caterpillar Inc. (NYSE:CAT) by 9.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 923 shares of the industrial products company’s stock after buying an additional 78 shares during the period. Zions Bancorporation N.A.’s holdings in Caterpillar were worth $335,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in CAT. TIAA Trust National Association raised its position in shares of Caterpillar by 8.0% during the fourth quarter. TIAA Trust National Association now owns 22,868 shares of the industrial products company’s stock worth $8,295,000 after purchasing an additional 1,686 shares during the period. Ashton Thomas Securities LLC raised its holdings in Caterpillar by 16.5% during the fourth quarter. Ashton Thomas Securities LLC now owns 655 shares of the industrial products company’s stock worth $240,000 after buying an additional 93 shares during the last quarter. Modern Wealth Management LLC lifted its stake in shares of Caterpillar by 12.3% in the fourth quarter. Modern Wealth Management LLC now owns 9,935 shares of the industrial products company’s stock valued at $3,608,000 after buying an additional 1,087 shares in the last quarter. CoreFirst Bank & Trust acquired a new stake in shares of Caterpillar in the 4th quarter worth about $448,000. Finally, Grantvest Financial Group LLC acquired a new position in Caterpillar during the 4th quarter valued at about $289,000. 70.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CAT has been the subject of several analyst reports. Raymond James raised Caterpillar from a “market perform” rating to an “outperform” rating in a research note on Monday, February 3rd. Jefferies Financial Group raised their price objective on Caterpillar from $455.00 to $475.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Truist Financial reduced their target price on shares of Caterpillar from $455.00 to $438.00 and set a “buy” rating for the company in a research note on Monday, February 3rd. Bank of America dropped their price target on shares of Caterpillar from $452.00 to $414.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Finally, DA Davidson upped their price objective 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. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, Caterpillar currently has an average rating of “Hold” and an average target price of $383.80.

Insider Buying and Selling at Caterpillar

In related news, insider Jason Kaiser sold 2,425 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $354.70, for a total transaction of $860,147.50. Following the completion of the transaction, the insider now owns 6,275 shares of the company’s stock, valued at approximately $2,225,742.50. The trade was a 27.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the stock in a transaction that occurred on 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 completion of the sale, the chief financial officer now 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 disclosure for this sale can be found here. Insiders own 0.29% of the company’s stock.

Caterpillar Stock Performance

Shares of CAT opened at $340.91 on Thursday. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.42 and a quick ratio of 0.89. The firm has a market cap of $162.93 billion, a PE ratio of 15.45, a PEG ratio of 1.87 and a beta of 1.15. Caterpillar Inc. has a 1 year low of $307.05 and a 1 year high of $418.50. The stock’s fifty day moving average price is $356.95 and its two-hundred day moving average price is $372.24.

Caterpillar (NYSE:CAT) last released its quarterly earnings data 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%. On average, equities research analysts forecast that Caterpillar Inc. will post 19.86 EPS for the current year.

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.