Vivid Wealth Management LLC Takes Position in Caterpillar Inc. (NYSE:CAT)

Vivid Wealth Management LLC acquired a new stake in Caterpillar Inc. (NYSE:CAT - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 4,509 shares of the industrial products company's stock, valued at approximately $1,333,000. Caterpillar accounts for 0.9% of Vivid Wealth Management LLC's investment portfolio, making the stock its 23rd biggest holding.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. BCK Partners Inc. acquired a new position in Caterpillar during the 1st quarter worth approximately $2,580,000. Sei Investments Co. raised its stake in Caterpillar by 17.3% during the 1st quarter. Sei Investments Co. now owns 65,643 shares of the industrial products company's stock worth $14,634,000 after buying an additional 9,695 shares during the period. Dakota Wealth Management acquired a new position in Caterpillar during the 1st quarter worth approximately $405,000. Mather Group LLC. raised its stake in Caterpillar by 6.8% during the 1st quarter. Mather Group LLC. now owns 2,592 shares of the industrial products company's stock worth $577,000 after buying an additional 165 shares during the period. Finally, NewEdge Advisors LLC raised its stake in Caterpillar by 4.4% during the 1st quarter. NewEdge Advisors LLC now owns 49,705 shares of the industrial products company's stock worth $11,075,000 after buying an additional 2,076 shares during the period. 70.98% of the stock is owned by institutional investors and hedge funds.

Caterpillar Stock Performance

Shares of CAT stock traded down $1.60 during trading on Tuesday, hitting $371.87. The company's stock had a trading volume of 2,042,694 shares, compared to its average volume of 2,447,964. The company has a market cap of $185.71 billion, a PE ratio of 18.54, a P/E/G ratio of 1.69 and a beta of 1.17. The company has a current ratio of 1.35, a quick ratio of 0.87 and a debt-to-equity ratio of 1.25. The business has a fifty day moving average of $337.88 and a 200-day moving average of $292.36. Caterpillar Inc. has a 52 week low of $204.04 and a 52 week high of $382.01.

Caterpillar (NYSE:CAT - Get Free Report) last posted its quarterly earnings data on Monday, February 5th. The industrial products company reported $5.23 EPS for the quarter, beating the consensus estimate of $4.76 by $0.47. Caterpillar had a return on equity of 56.99% and a net margin of 15.41%. The business had revenue of $17.07 billion for the quarter, compared to the consensus estimate of $17.06 billion. During the same quarter in the prior year, the business earned $3.86 earnings per share. Caterpillar's revenue for the quarter was up 2.8% on a year-over-year basis. As a group, research analysts anticipate that Caterpillar Inc. will post 21.33 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Stifel Nicolaus upped their price target on Caterpillar from $285.00 to $293.00 and gave the stock a "buy" rating in a research note on Tuesday, December 19th. Sanford C. Bernstein boosted their price objective on Caterpillar from $216.00 to $245.00 and gave the stock a "market perform" rating in a report on Thursday, December 21st. Morgan Stanley initiated coverage on Caterpillar in a report on Monday, January 8th. They set an "equal weight" rating and a $270.00 price objective for the company. Citigroup boosted their price objective on Caterpillar from $255.00 to $340.00 and gave the stock a "neutral" rating in a report on Monday, February 12th. Finally, StockNews.com lowered Caterpillar from a "strong-buy" rating to a "buy" rating in a report on Tuesday, February 20th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $297.89.

Insiders Place Their Bets

In other Caterpillar news, insider Anthony D. Fassino sold 4,575 shares of the firm's stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $329.80, for a total transaction of $1,508,835.00. Following the sale, the insider now owns 23,474 shares in the company, valued at $7,741,725.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Caterpillar news, CFO Andrew R. J. Bonfield sold 10,000 shares of Caterpillar stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $310.10, for a total transaction of $3,101,000.00. Following the sale, the chief financial officer now directly owns 57,317 shares of the company's stock, valued at approximately $17,774,001.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Anthony D. Fassino sold 4,575 shares of Caterpillar stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $329.80, for a total value of $1,508,835.00. Following the sale, the insider now directly owns 23,474 shares in the company, valued at $7,741,725.20. The disclosure for this sale can be found here. Insiders have sold a total of 45,769 shares of company stock worth $14,509,306 over the last 90 days. Corporate insiders own 0.33% of the company's stock.

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.

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