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

Coldstream Capital Management Inc. increased its stake in shares of Caterpillar Inc. (NYSE:CAT) by 9.9% during the third quarter, HoldingsChannel reports. The fund 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 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of the stock. Norges Bank acquired a new stake in Caterpillar during the second quarter worth $2,165,899,000. Illinois Municipal Retirement Fund raised its stake in shares of 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 in the last quarter. Groupe la Francaise lifted its holdings in shares of Caterpillar by 82.0% during the 2nd quarter. Groupe la Francaise now owns 27,246 shares of the industrial products company’s stock worth $10,820,000 after acquiring an additional 12,278 shares during the period. Union Bancaire Privee UBP SA lifted its holdings in shares of Caterpillar by 155.9% during the 3rd 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 during the period. Finally, Caprock Group LLC acquired a new stake in shares of Caterpillar during the 3rd quarter valued at about $8,893,000. 70.98% of the stock is owned by institutional investors.

Caterpillar Stock Up 0.5%

Shares of NYSE CAT opened at $703.53 on Wednesday. Caterpillar Inc. has a 12-month low of $267.30 and a 12-month high of $789.81. The firm’s 50-day simple moving average is $697.19 and its 200 day simple moving average is $589.94. The company has a quick ratio of 0.94, a current ratio of 1.44 and a debt-to-equity ratio of 1.44. The company has a market cap of $327.34 billion, a price-to-earnings ratio of 37.38, a price-to-earnings-growth ratio of 1.65 and a beta of 1.54.

Caterpillar (NYSE:CAT) last posted its quarterly earnings data on Thursday, January 29th. The industrial products company reported $5.16 earnings per share for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $17.81 billion. During the same quarter last year, the company posted $5.14 EPS. The company’s quarterly revenue was up 17.9% compared to the same quarter last year. On average, research analysts expect that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently issued reports on CAT shares. Morgan Stanley increased their price target on shares of Caterpillar from $400.00 to $425.00 and gave the stock an “underweight” rating in a research report on Tuesday, February 3rd. Barclays upped their price objective on Caterpillar from $610.00 to $625.00 and gave the company an “equal weight” rating in a research note on Friday, January 30th. Weiss Ratings reissued a “buy (b)” rating on shares of Caterpillar in a report on Monday, December 29th. HSBC boosted their price target on Caterpillar from $660.00 to $850.00 and gave the company a “buy” rating in a research note on Thursday, February 5th. Finally, Wolfe Research upped their price target on Caterpillar from $470.00 to $670.00 and gave the company an “outperform” rating in a research report on Friday, January 2nd. Sixteen analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $730.50.

Insiders Place Their Bets

In other Caterpillar news, insider Lange Bob De sold 22,656 shares of the stock in a transaction on Friday, February 6th. The stock was sold at an average price of $720.11, for a total value of $16,314,812.16. Following the transaction, the insider directly owned 79,953 shares in the company, valued at approximately $57,574,954.83. This trade represents a 22.08% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Rodney Michael Shurman sold 2,278 shares of the business’s stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $759.61, for a total value of $1,730,391.58. Following the sale, the insider owned 1,443 shares of the company’s stock, valued at approximately $1,096,117.23. The trade was a 61.22% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 135,950 shares of company stock valued at $94,327,990 over the last quarter. Company insiders own 0.33% of the company’s stock.

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.