IHT Wealth Management LLC Has $1.34 Million Holdings in Caterpillar Inc. (NYSE:CAT)

IHT Wealth Management LLC grew its holdings in shares of Caterpillar Inc. (NYSE:CAT – Get Rating) by 70.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,175 shares of the industrial products company’s stock after purchasing an additional 3,379 shares during the period. IHT Wealth Management LLC’s holdings in Caterpillar were worth $1,341,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Morgan Dempsey Capital Management LLC acquired a new stake in shares of Caterpillar during the 3rd quarter worth approximately $33,000. Cowa LLC acquired a new stake in shares of Caterpillar during the 3rd quarter worth approximately $33,000. Alpha Paradigm Partners LLC acquired a new stake in shares of Caterpillar during the 2nd quarter worth approximately $40,000. McClarren Financial Advisors Inc. acquired a new stake in shares of Caterpillar during the 3rd quarter worth approximately $49,000. Finally, Heritage Wealth Management LLC acquired a new stake in shares of Caterpillar during the 2nd quarter worth approximately $62,000. Institutional investors and hedge funds own 68.02% of the company’s stock.

Insider Buying and Selling

In related news, insider Denise C. Johnson sold 23,737 shares of Caterpillar stock in a transaction on Tuesday, December 27th. The shares were sold at an average price of $240.14, for a total transaction of $5,700,203.18. Following the completion of the transaction, the insider now owns 8,605 shares of the company’s stock, valued at $2,066,404.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Caterpillar news, insider Denise C. Johnson sold 23,737 shares of Caterpillar stock in a transaction on Tuesday, December 27th. The shares were sold at an average price of $240.14, for a total value of $5,700,203.18. Following the completion of the sale, the insider now directly owns 8,605 shares of the company’s stock, valued at $2,066,404.70. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Lange Bob De sold 11,000 shares of Caterpillar stock in a transaction on Monday, January 9th. The shares were sold at an average price of $250.00, for a total transaction of $2,750,000.00. Following the completion of the sale, the insider now directly owns 44,559 shares of the company’s stock, valued at $11,139,750. The disclosure for this sale can be found here. Insiders sold 90,984 shares of company stock valued at $22,519,893 over the last quarter. Insiders own 0.27% of the company’s stock.

Caterpillar Price Performance

Shares of NYSE CAT opened at $218.71 on Friday. Caterpillar Inc. has a twelve month low of $160.60 and a twelve month high of $266.04. The firm has a fifty day simple moving average of $246.87 and a 200 day simple moving average of $221.87. The company has a market capitalization of $112.93 billion, a PE ratio of 17.29, a P/E/G ratio of 1.20 and a beta of 1.11. The company has a quick ratio of 0.87, a current ratio of 1.39 and a debt-to-equity ratio of 1.62.

Caterpillar (NYSE:CAT – Get Rating) last announced its earnings results on Tuesday, January 31st. The industrial products company reported $3.86 earnings per share for the quarter, missing analysts’ consensus estimates of $3.95 by ($0.09). Caterpillar had a return on equity of 45.61% and a net margin of 11.28%. The firm had revenue of $16.60 billion for the quarter, compared to the consensus estimate of $15.84 billion. During the same period in the prior year, the business earned $2.69 EPS. Caterpillar’s quarterly revenue was up 20.3% on a year-over-year basis. On average, sell-side analysts forecast that Caterpillar Inc. will post 15.67 EPS for the current year.

Analyst Upgrades and Downgrades

CAT has been the topic of several analyst reports. Citigroup increased their price target on shares of Caterpillar to $250.00 in a research report on Wednesday, December 14th. Morgan Stanley raised their target price on shares of Caterpillar from $174.00 to $190.00 and gave the company an “underweight” rating in a research report on Wednesday, December 14th. Barclays raised their target price on shares of Caterpillar from $200.00 to $225.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 1st. Credit Suisse Group raised their target price on shares of Caterpillar from $290.00 to $306.00 and gave the company an “outperform” rating in a research report on Wednesday, February 1st. Finally, UBS Group lowered shares of Caterpillar from a “neutral” rating to a “sell” rating and cut their target price for the company from $230.00 to $225.00 in a research report on Friday, March 10th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $241.00.

Caterpillar Profile

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Caterpillar, Inc engages in the manufacture of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. It operates through the following segments: Construction Industries, Resource Industries, Energy and Transportation, Financial Products, and All Other.