Caterpillar Inc. $CAT Shares Acquired by Central Pacific Bank Trust Division

Central Pacific Bank Trust Division increased its position in shares of Caterpillar Inc. (NYSE:CAT) by 238.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,115 shares of the industrial products company’s stock after acquiring an additional 2,194 shares during the period. Central Pacific Bank Trust Division’s holdings in Caterpillar were worth $1,784,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Caterpillar in the second quarter valued at approximately $2,165,899,000. Illinois Municipal Retirement Fund boosted its position in Caterpillar by 7.3% in the 3rd quarter. Illinois Municipal Retirement Fund now owns 17,262 shares of the industrial products company’s stock valued at $8,237,000 after buying an additional 1,181 shares during the period. Groupe la Francaise boosted its position in Caterpillar by 82.0% in the 2nd quarter. Groupe la Francaise now owns 27,246 shares of the industrial products company’s stock valued at $10,820,000 after buying an additional 12,278 shares during the period. Union Bancaire Privee UBP SA grew its stake in shares of Caterpillar by 155.9% in the third quarter. Union Bancaire Privee UBP SA now owns 47,231 shares of the industrial products company’s stock worth $21,014,000 after acquiring an additional 28,773 shares in the last quarter. Finally, Caprock Group LLC purchased a new stake in shares of Caterpillar during the third quarter worth $8,893,000. 70.98% of the stock is currently owned by hedge funds and other institutional investors.

Caterpillar Trading Down 1.2%

Shares of Caterpillar stock opened at $680.15 on Friday. The company has a current ratio of 1.44, a quick ratio of 0.94 and a debt-to-equity ratio of 1.44. The company has a fifty day simple moving average of $701.95 and a 200-day simple moving average of $593.15. The stock has a market cap of $316.47 billion, a price-to-earnings ratio of 36.14, a PEG ratio of 1.63 and a beta of 1.54. Caterpillar Inc. has a 12-month low of $267.30 and a 12-month high of $789.81.

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

Wall Street Analysts Forecast Growth

CAT has been the subject of a number of recent research reports. Oppenheimer lifted their target price on Caterpillar from $729.00 to $817.00 and gave the company an “outperform” rating in a report on Friday, March 6th. Jefferies Financial Group upped their price target on Caterpillar from $785.00 to $825.00 and gave the stock a “buy” rating in a report on Friday, March 6th. Weiss Ratings reiterated a “buy (b)” rating on shares of Caterpillar in a research note on Monday, December 29th. Daiwa Securities Group boosted their price objective on Caterpillar from $640.00 to $790.00 in a research report on Wednesday, February 25th. Finally, HSBC upped their target price on shares of Caterpillar from $660.00 to $850.00 and gave the stock a “buy” rating in a research note on Thursday, February 5th. 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 company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $730.50.

Insider Buying and Selling at Caterpillar

In other news, insider Anthony D. Fassino sold 7,891 shares of Caterpillar stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $776.90, for a total transaction of $6,130,517.90. Following the sale, the insider owned 46,643 shares in the company, valued at approximately $36,236,946.70. The trade was a 14.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO William E. Schaupp sold 972 shares of the company’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $764.20, for a total value of $742,802.40. Following the completion of the sale, the chief accounting officer directly owned 824 shares of the company’s stock, valued at approximately $629,700.80. This trade represents a 54.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 135,950 shares of company stock valued at $94,327,990. 0.33% of the stock is owned by insiders.

Caterpillar Company 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.