Coldstream Capital Management Inc. Has $14.47 Million Stock Position in Caterpillar Inc. $CAT

Coldstream Capital Management Inc. boosted its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 9.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 30,322 shares of the industrial products company’s stock after acquiring an additional 2,722 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Caterpillar were worth $14,468,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Kilter Group LLC purchased a new position in Caterpillar during the second quarter valued at approximately $27,000. Marquette Asset Management LLC boosted its stake in shares of Caterpillar by 1,060.0% during the 3rd quarter. Marquette Asset Management LLC now owns 58 shares of the industrial products company’s stock valued at $28,000 after buying an additional 53 shares during the period. RiverPark Advisors LLC acquired a new stake in shares of Caterpillar during the 2nd quarter valued at $32,000. Joseph Group Capital Management purchased a new position in shares of Caterpillar during the 3rd quarter valued at $32,000. Finally, Vermillion & White Wealth Management Group LLC increased its stake in shares of Caterpillar by 107.0% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 89 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 46 shares during the last quarter. Institutional investors and hedge funds own 70.98% of the company’s stock.

Insider Buying and Selling

In related news, insider Denise C. Johnson sold 39,138 shares of Caterpillar stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $681.08, for a total value of $26,656,109.04. Following the transaction, the insider owned 43,350 shares in the company, valued at $29,524,818. This trade represents a 47.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the company’s stock in a transaction dated Wednesday, December 31st. The shares were sold at an average price of $575.06, for a total transaction of $5,750,600.00. Following the sale, the chief financial officer owned 45,460 shares of the company’s stock, valued at $26,142,227.60. This trade represents a 18.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 135,950 shares of company stock valued at $94,327,990. 0.33% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

CAT has been the subject of a number of research reports. Raymond James Financial reissued a “market perform” rating on shares of Caterpillar in a research report on Wednesday, January 7th. Rothschild & Co Redburn upped their target price on Caterpillar from $650.00 to $700.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 4th. Barclays lifted their price target on Caterpillar from $610.00 to $625.00 and gave the company an “equal weight” rating in a report on Friday, January 30th. Citigroup boosted their price target on Caterpillar from $760.00 to $785.00 and gave the company a “buy” rating in a research note on Monday, March 9th. Finally, CICC Research assumed coverage on Caterpillar in a report on Friday, February 6th. They issued an “outperform” rating on the stock. Sixteen research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Caterpillar currently has an average rating of “Moderate Buy” and an average target price of $730.50.

Caterpillar Price Performance

Shares of NYSE:CAT opened at $703.53 on Wednesday. The stock has a market capitalization of $327.34 billion, a P/E ratio of 37.38, a P/E/G ratio of 1.65 and a beta of 1.54. The business has a 50-day moving average of $697.19 and a two-hundred day moving average of $589.94. Caterpillar Inc. has a fifty-two week low of $267.30 and a fifty-two week high of $789.81. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.44 and a quick ratio of 0.94.

Caterpillar (NYSE:CAT) last issued its quarterly earnings data on Thursday, January 29th. The industrial products company reported $5.16 EPS for the quarter, beating analysts’ consensus estimates of $4.67 by $0.49. Caterpillar had a return on equity of 45.76% and a net margin of 13.14%.The business had revenue of $19.13 billion for the quarter, compared to analyst estimates of $17.81 billion. During the same quarter in the prior year, the firm posted $5.14 EPS. The firm’s revenue for the quarter was up 17.9% on a year-over-year basis. On average, equities research analysts predict that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

Caterpillar Profile

Caterpillar Inc is a global manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and locomotives. The company’s product portfolio includes earthmoving machines such as excavators, bulldozers, wheel loaders and off‑highway trucks, as well as a range of power generation products including generator sets and power systems for industrial and commercial use. Caterpillar serves customers across heavy construction, mining, energy, transportation and related industries with both equipment and integrated technology solutions.

In addition to manufacturing, Caterpillar provides a broad range of aftermarket parts and support services, including maintenance, repair, remanufacturing and fleet management tools.