Caterpillar Inc. $CAT Holdings Trimmed by AAFMAA Wealth Management & Trust LLC

AAFMAA Wealth Management & Trust LLC trimmed its holdings in Caterpillar Inc. (NYSE:CAT) by 36.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,395 shares of the industrial products company’s stock after selling 1,370 shares during the quarter. AAFMAA Wealth Management & Trust LLC’s holdings in Caterpillar were worth $1,372,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. Kilter Group LLC acquired a new stake in Caterpillar during the 2nd quarter valued at $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 purchased a new position in shares of Caterpillar during the 2nd quarter valued at $32,000. Joseph Group Capital Management acquired a new position in shares of Caterpillar in the third quarter worth $32,000. Finally, Noble Wealth Management PBC increased its stake in shares of Caterpillar by 140.0% in the fourth quarter. Noble Wealth Management PBC now owns 60 shares of the industrial products company’s stock worth $34,000 after acquiring an additional 35 shares during the last quarter. Institutional investors own 70.98% of the company’s stock.

Insider Transactions at Caterpillar

In related news, CAO William E. Schaupp sold 972 shares of Caterpillar stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $764.20, for a total transaction of $742,802.40. Following the transaction, the chief accounting officer owned 824 shares of the company’s stock, valued at $629,700.80. This trade represents a 54.12% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Lange Bob De sold 22,656 shares of the business’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $720.11, for a total transaction of $16,314,812.16. Following the transaction, the insider owned 79,953 shares of the company’s stock, valued at approximately $57,574,954.83. This represents a 22.08% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 135,950 shares of company stock valued at $94,327,990. 0.33% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts have commented on CAT shares. Argus boosted their target price on Caterpillar from $625.00 to $820.00 and gave the company a “buy” rating in a research note on Wednesday, February 11th. Sanford C. Bernstein reiterated a “market perform” rating and set a $678.00 price target on shares of Caterpillar in a report on Friday, January 30th. Robert W. Baird set a $805.00 price objective on shares of Caterpillar in a research report on Friday, January 30th. Morgan Stanley lifted their target price on shares of Caterpillar from $400.00 to $425.00 and gave the company an “underweight” rating in a research note on Tuesday, February 3rd. Finally, JPMorgan Chase & Co. increased their price target on shares of Caterpillar from $765.00 to $860.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 4th. Sixteen equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $730.50.

Caterpillar Trading Down 1.2%

Shares of CAT opened at $680.15 on Friday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.94 and a current ratio of 1.44. The company 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. The stock has a fifty day moving average price of $701.95 and a two-hundred day moving average price of $593.15. Caterpillar Inc. has a 52-week low of $267.30 and a 52-week high of $789.81.

Caterpillar (NYSE:CAT) last announced its earnings results on Thursday, January 29th. The industrial products company reported $5.16 earnings per share 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 company had revenue of $19.13 billion during the quarter, compared to analyst estimates of $17.81 billion. During the same period last year, the company posted $5.14 earnings per share. The firm’s quarterly revenue was up 17.9% compared to the same quarter last year. Analysts predict that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

About Caterpillar

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.