Elwood & Goetz Wealth Advisory Group LLC Purchases 38 Shares of Caterpillar Inc. (NYSE:CAT)

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

Several other institutional investors and hedge funds also recently made changes to their positions in CAT. Cornerstone Wealth Management LLC raised its holdings in shares of Caterpillar by 1.0% in the 4th quarter. Cornerstone Wealth Management LLC now owns 3,507 shares of the industrial products company’s stock valued at $1,037,000 after acquiring an additional 36 shares in the last quarter. ACT Wealth Management LLC raised its holdings in shares of Caterpillar by 4.3% in the 4th quarter. ACT Wealth Management LLC now owns 877 shares of the industrial products company’s stock valued at $259,000 after acquiring an additional 36 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in shares of Caterpillar by 6.6% in the 2nd quarter. Farther Finance Advisors LLC now owns 595 shares of the industrial products company’s stock valued at $146,000 after acquiring an additional 37 shares in the last quarter. Caprock Group LLC raised its holdings in shares of Caterpillar by 0.4% in the 3rd quarter. Caprock Group LLC now owns 9,891 shares of the industrial products company’s stock valued at $2,700,000 after acquiring an additional 39 shares in the last quarter. Finally, Webster Bank N. A. raised its holdings in shares of Caterpillar by 0.3% in the 3rd quarter. Webster Bank N. A. now owns 14,639 shares of the industrial products company’s stock valued at $3,996,000 after acquiring an additional 40 shares in the last quarter. Institutional investors own 70.98% of the company’s stock.

Insider Activity at Caterpillar

In related news, insider Lange Bob De sold 21,194 shares of Caterpillar stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $325.52, for a total transaction of $6,899,070.88. Following the sale, the insider now directly owns 61,092 shares in the company, valued at $19,886,667.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director David Maclennan acquired 350 shares of the stock in a transaction on Friday, February 23rd. The stock was acquired at an average price of $323.37 per share, for a total transaction of $113,179.50. Following the completion of the purchase, the director now owns 5,238 shares of the company’s stock, valued at $1,693,812.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Lange Bob De sold 21,194 shares of Caterpillar stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $325.52, for a total value of $6,899,070.88. Following the transaction, the insider now owns 61,092 shares of the company’s stock, valued at approximately $19,886,667.84. The disclosure for this sale can be found here. Insiders have sold 45,769 shares of company stock worth $14,509,306 over the last ninety days. 0.33% of the stock is owned by corporate insiders.

Caterpillar Price Performance

Shares of CAT stock opened at $366.38 on Friday. The firm has a market cap of $182.97 billion, a P/E ratio of 18.19, a P/E/G ratio of 1.74 and a beta of 1.16. Caterpillar Inc. has a fifty-two week low of $204.04 and a fifty-two week high of $367.22. The business’s 50 day moving average price is $325.46 and its 200-day moving average price is $287.19. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.87 and a current ratio of 1.35.

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, topping analysts’ consensus estimates of $4.76 by $0.47. The firm had revenue of $17.07 billion for the quarter, compared to analyst estimates of $17.06 billion. Caterpillar had a return on equity of 56.99% and a net margin of 15.41%. The business’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period last year, the company earned $3.86 EPS. On average, equities research analysts anticipate that Caterpillar Inc. will post 21.25 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently weighed in on CAT. JPMorgan Chase & Co. raised their price objective on Caterpillar from $345.00 to $385.00 and gave the company an “overweight” rating in a report on Tuesday, February 6th. Truist Financial began coverage on Caterpillar in a report on Thursday, March 14th. They set a “buy” rating and a $390.00 price objective on the stock. Morgan Stanley began coverage on Caterpillar in a report on Monday, January 8th. They set an “equal weight” rating and a $270.00 price objective on the stock. StockNews.com cut Caterpillar from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 20th. Finally, Sanford C. Bernstein raised their price objective on Caterpillar from $216.00 to $245.00 and gave the company a “market perform” rating in a report on Thursday, December 21st. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $297.89.

Caterpillar 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.