Glenview Trust co Acquires 1,825 Shares of Caterpillar Inc. (NYSE:CAT)

Glenview Trust co grew its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 2.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 70,400 shares of the industrial products company’s stock after buying an additional 1,825 shares during the quarter. Glenview Trust co’s holdings in Caterpillar were worth $25,538,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Gallacher Capital Management LLC raised its holdings in Caterpillar by 6.1% during the fourth quarter. Gallacher Capital Management LLC now owns 1,009 shares of the industrial products company’s stock worth $366,000 after acquiring an additional 58 shares in the last quarter. Patten & Patten Inc. TN raised its stake in shares of Caterpillar by 2.6% during the 4th quarter. Patten & Patten Inc. TN now owns 3,924 shares of the industrial products company’s stock worth $1,423,000 after purchasing an additional 100 shares in the last quarter. Facet Wealth Inc. boosted its holdings in shares of Caterpillar by 6.9% in the 4th quarter. Facet Wealth Inc. now owns 1,143 shares of the industrial products company’s stock valued at $416,000 after buying an additional 74 shares during the last quarter. Tumwater Wealth Management LLC bought a new position in shares of Caterpillar in the fourth quarter valued at $459,000. Finally, one8zero8 LLC bought a new stake in Caterpillar during the fourth quarter worth $663,000. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on CAT shares. Jefferies Financial Group boosted their price objective on shares of Caterpillar from $455.00 to $475.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Wedbush raised Caterpillar to an “outperform” rating in a research report on Monday, February 3rd. StockNews.com cut Caterpillar from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Citigroup increased their price target on Caterpillar from $420.00 to $430.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Finally, Truist Financial reduced their price objective on shares of Caterpillar from $455.00 to $438.00 and set a “buy” rating for the company in a research report on Monday, February 3rd. 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 company’s stock. Based on data from MarketBeat.com, Caterpillar has a consensus rating of “Hold” and an average price target of $383.80.

Caterpillar Trading Up 2.1 %

Shares of CAT stock opened at $340.46 on Friday. The stock has a 50 day simple moving average of $360.81 and a 200 day simple moving average of $372.49. Caterpillar Inc. has a 1 year low of $307.05 and a 1 year high of $418.50. The company has a current ratio of 1.42, a quick ratio of 0.89 and a debt-to-equity ratio of 1.40. The stock has a market cap of $162.72 billion, a P/E ratio of 15.43, a price-to-earnings-growth ratio of 1.87 and a beta of 1.15.

Caterpillar (NYSE:CAT) last posted its quarterly earnings results on Thursday, January 30th. The industrial products company reported $5.14 EPS for the quarter, beating analysts’ consensus estimates of $4.97 by $0.17. Caterpillar had a return on equity of 58.18% and a net margin of 16.65%. On average, research analysts predict that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal year.

Insider Transactions at Caterpillar

In other Caterpillar news, CFO Andrew R. J. Bonfield sold 10,000 shares of the company’s stock in a transaction 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 directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jason Kaiser sold 2,425 shares of Caterpillar stock in a transaction on Tuesday, February 18th. The shares were 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 owns 6,275 shares in the company, valued at approximately $2,225,742.50. The trade was 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 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.