SeaCrest Wealth Management LLC Lowers Position in Caterpillar Inc. (NYSE:CAT)

SeaCrest Wealth Management LLC reduced its position in Caterpillar Inc. (NYSE:CAT) by 4.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,170 shares of the industrial products company’s stock after selling 610 shares during the period. SeaCrest Wealth Management LLC’s holdings in Caterpillar were worth $3,516,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CAT. Atlas Capital Advisors LLC grew its stake in Caterpillar by 272.4% in the 1st quarter. Atlas Capital Advisors LLC now owns 108 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 79 shares during the period. Kayne Anderson Rudnick Investment Management LLC grew its position in shares of Caterpillar by 730.8% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 108 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 95 shares during the period. First Capital Advisors Group LLC. acquired a new position in shares of Caterpillar during the 2nd quarter worth about $30,000. CGC Financial Services LLC purchased a new position in Caterpillar in the 2nd quarter valued at about $31,000. Finally, Fortitude Family Office LLC purchased a new stake in Caterpillar during the 4th quarter worth approximately $39,000. Institutional investors and hedge funds own 70.98% of the company’s stock.

Insider Buying and Selling

In other Caterpillar news, insider Anthony D. Fassino sold 4,575 shares of the business’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $329.80, for a total transaction of $1,508,835.00. Following the sale, the insider now directly owns 23,474 shares in the company, valued at $7,741,725.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Caterpillar news, insider Anthony D. Fassino sold 4,575 shares of the business’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $329.80, for a total value of $1,508,835.00. Following the completion of the transaction, the insider now owns 23,474 shares in the company, valued at $7,741,725.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of Caterpillar stock in a transaction on Thursday, January 25th. The shares were sold at an average price of $300.04, for a total value of $3,000,400.00. Following the completion of the transaction, the chief financial officer now owns 67,317 shares of the company’s stock, valued at $20,197,792.68. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 45,769 shares of company stock valued at $14,509,306. Corporate insiders own 0.33% of the company’s stock.

Caterpillar Trading Up 0.5 %

NYSE CAT traded up $1.78 during trading hours on Friday, reaching $366.43. The company had a trading volume of 2,028,629 shares, compared to its average volume of 2,158,563. The stock has a 50-day moving average of $325.46 and a 200 day moving average of $287.19. The stock has a market capitalization of $183.00 billion, a P/E ratio of 18.19, a price-to-earnings-growth ratio of 1.74 and a beta of 1.16. Caterpillar Inc. has a 1-year low of $204.04 and a 1-year high of $367.22. The company has a current ratio of 1.35, a quick ratio of 0.87 and a debt-to-equity ratio of 1.25.

Caterpillar (NYSE:CAT) last posted its earnings results on Monday, February 5th. The industrial products company reported $5.23 earnings per share for the quarter, beating the consensus estimate of $4.76 by $0.47. Caterpillar had a net margin of 15.41% and a return on equity of 56.99%. The firm had revenue of $17.07 billion during the quarter, compared to the consensus estimate of $17.06 billion. During the same quarter last year, the firm earned $3.86 EPS. The firm’s revenue for the quarter was up 2.8% on a year-over-year basis. As a group, research analysts anticipate that Caterpillar Inc. will post 21.25 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently weighed in on CAT. Sanford C. Bernstein raised their target price on Caterpillar from $216.00 to $245.00 and gave the company a “market perform” rating in a research report on Thursday, December 21st. Robert W. Baird upped their target price on shares of Caterpillar from $210.00 to $257.00 and gave the stock an “underperform” rating in a report on Tuesday, February 6th. JPMorgan Chase & Co. raised their price target on shares of Caterpillar from $345.00 to $385.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 6th. Morgan Stanley assumed coverage on shares of Caterpillar in a report on Monday, January 8th. They issued an “equal weight” rating and a $270.00 price objective for the company. Finally, TD Cowen boosted their target price on Caterpillar from $300.00 to $338.00 and gave the stock an “outperform” rating in a report on Tuesday, February 6th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, Caterpillar has a consensus rating of “Hold” and an average price target of $297.89.

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.