Cottage Street Advisors LLC Has $2.10 Million Stock Position in Caterpillar Inc. (NYSE:CAT)

Cottage Street Advisors LLC boosted its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 1.0% during the 4th quarter, HoldingsChannel.com reports. The fund owned 5,797 shares of the industrial products company’s stock after purchasing an additional 55 shares during the period. Caterpillar accounts for approximately 1.1% of Cottage Street Advisors LLC’s portfolio, making the stock its 27th biggest position. Cottage Street Advisors LLC’s holdings in Caterpillar were worth $2,103,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Tyler Stone Wealth Management lifted its position in shares of Caterpillar by 2.6% in the fourth quarter. Tyler Stone Wealth Management now owns 2,264 shares of the industrial products company’s stock worth $821,000 after purchasing an additional 58 shares in the last quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new position in shares of Caterpillar in the 4th quarter valued at about $1,233,000. Graney & King LLC acquired a new stake in shares of Caterpillar in the fourth quarter valued at about $112,000. Dechtman Wealth Management LLC raised its holdings in Caterpillar by 29.1% during the fourth quarter. Dechtman Wealth Management LLC now owns 852 shares of the industrial products company’s stock worth $309,000 after acquiring an additional 192 shares in the last quarter. Finally, Mendel Money Management grew its stake in Caterpillar by 12.7% in the fourth quarter. Mendel Money Management now owns 3,337 shares of the industrial products company’s stock valued at $1,211,000 after purchasing an additional 375 shares in the last quarter. 70.98% of the stock is currently owned by institutional investors.

Insider Activity at Caterpillar

In related news, Director Gerald Johnson purchased 100 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The stock was acquired at an average price of $365.57 per share, for a total transaction of $36,557.00. Following the completion of the acquisition, the director now owns 3,053 shares of the company’s stock, valued at $1,116,085.21. This represents a 3.39 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the firm’s stock in a transaction on 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 transaction, the chief financial officer now owns 45,182 shares in the company, valued at approximately $17,173,226.38. This trade represents a 18.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.29% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. JPMorgan Chase & Co. cut their price objective on Caterpillar from $515.00 to $490.00 and set an “overweight” rating for the company in a report on Friday, January 31st. StockNews.com downgraded Caterpillar from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Bank of America decreased their target price on Caterpillar from $452.00 to $414.00 and set a “buy” rating on the stock in a report on Friday, January 31st. DA Davidson lifted their target price on shares of Caterpillar from $350.00 to $357.00 and gave the stock a “neutral” rating in a report on Tuesday, February 4th. Finally, Morgan Stanley lowered their price target on shares of Caterpillar from $330.00 to $300.00 and set an “underweight” rating on the stock in a report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $383.80.

Caterpillar Stock Performance

NYSE:CAT opened at $342.65 on Wednesday. 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 fifty-two week low of $307.05 and a fifty-two week high of $418.50. The company has a 50 day simple moving average of $357.63 and a two-hundred day simple moving average of $372.46. The company has a market capitalization of $163.76 billion, a PE ratio of 15.53, a P/E/G ratio of 1.87 and a beta of 1.15.

Caterpillar (NYSE:CAT) last announced its earnings results on Thursday, January 30th. The industrial products company reported $5.14 earnings per share 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%. Research analysts anticipate that Caterpillar Inc. will post 19.86 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.