GWN Securities Inc. Invests $1.04 Million in Caterpillar Inc. (NYSE:CAT)

GWN Securities Inc. bought a new stake in shares of Caterpillar Inc. (NYSE:CAT) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 2,856 shares of the industrial products company’s stock, valued at approximately $1,036,000.

Several other large investors have also bought and sold shares of the company. Glenview Trust co boosted its stake in Caterpillar by 2.7% during the fourth quarter. Glenview Trust co now owns 70,400 shares of the industrial products company’s stock valued at $25,538,000 after buying an additional 1,825 shares in the last quarter. Gallacher Capital Management LLC boosted its stake in Caterpillar by 6.1% during the fourth quarter. Gallacher Capital Management LLC now owns 1,009 shares of the industrial products company’s stock valued at $366,000 after buying an additional 58 shares in the last quarter. Patten & Patten Inc. TN boosted its stake in Caterpillar by 2.6% during the fourth quarter. Patten & Patten Inc. TN now owns 3,924 shares of the industrial products company’s stock valued at $1,423,000 after buying an additional 100 shares in the last quarter. Facet Wealth Inc. lifted its holdings in shares of Caterpillar by 6.9% during the fourth quarter. Facet Wealth Inc. now owns 1,143 shares of the industrial products company’s stock valued at $416,000 after purchasing an additional 74 shares during the last quarter. Finally, Tumwater Wealth Management LLC purchased a new stake in shares of Caterpillar during the fourth quarter valued at $459,000. Institutional investors own 70.98% of the company’s stock.

Analyst Upgrades and Downgrades

CAT has been the subject of several analyst reports. Citigroup upped their target price on Caterpillar from $420.00 to $430.00 and gave the company a “buy” rating in a report on Friday, January 31st. Raymond James raised Caterpillar from a “market perform” rating to an “outperform” rating in a report on Monday, February 3rd. Jefferies Financial Group upped their target price on Caterpillar from $455.00 to $475.00 and gave the company a “buy” rating in a report on Friday, December 6th. DA Davidson upped their target price on Caterpillar from $350.00 to $357.00 and gave the company a “neutral” rating in a report on Tuesday, February 4th. Finally, Morgan Stanley reduced their price objective on Caterpillar from $330.00 to $300.00 and set an “underweight” rating for the company in a research note on Friday, January 31st. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, Caterpillar currently has a consensus rating of “Hold” and a consensus target price of $383.80.

Caterpillar Stock Performance

Shares of CAT stock opened at $340.46 on Friday. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.42 and a quick ratio of 0.89. Caterpillar Inc. has a fifty-two week low of $307.05 and a fifty-two week high of $418.50. The stock’s 50-day moving average is $360.81 and its two-hundred day moving average is $372.49. The firm has a market cap of $162.72 billion, a P/E ratio of 15.43, a PEG ratio of 1.87 and a beta of 1.15.

Caterpillar (NYSE:CAT) last issued its earnings results on Thursday, January 30th. The industrial products company reported $5.14 earnings per share for the quarter, topping the consensus estimate of $4.97 by $0.17. Caterpillar had a return on equity of 58.18% and a net margin of 16.65%. Analysts predict that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal year.

Insider Activity

In other Caterpillar news, insider Jason Kaiser sold 2,425 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $354.70, for a total value of $860,147.50. Following the sale, the insider now owns 6,275 shares of the company’s stock, valued at $2,225,742.50. This trade represents a 27.87 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $380.09, for a total value of $3,800,900.00. Following the completion of the sale, the chief financial officer now directly owns 45,182 shares in the company, valued at $17,173,226.38. This trade represents a 18.12 % decrease in their position. The disclosure for this sale can be found here. 0.29% of the stock is currently owned by insiders.

About Caterpillar

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.