Aaron Wealth Advisors LLC Raises Stake in Caterpillar Inc. $CAT

Aaron Wealth Advisors LLC grew its stake in shares of Caterpillar Inc. (NYSE:CAT) by 61.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,320 shares of the industrial products company’s stock after purchasing an additional 4,680 shares during the period. Aaron Wealth Advisors LLC’s holdings in Caterpillar were worth $7,058,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Wellington Management Group LLP boosted its position in shares of Caterpillar by 3,949.8% during the 3rd quarter. Wellington Management Group LLP now owns 5,228,058 shares of the industrial products company’s stock worth $2,494,568,000 after purchasing an additional 5,098,964 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Caterpillar by 20.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 3,553,930 shares of the industrial products company’s stock worth $1,695,757,000 after buying an additional 609,023 shares in the last quarter. Legal & General Group Plc boosted its position in shares of Caterpillar by 2.2% in the 3rd quarter. Legal & General Group Plc now owns 2,802,068 shares of the industrial products company’s stock worth $1,337,007,000 after buying an additional 58,993 shares in the last quarter. Amundi boosted its position in shares of Caterpillar by 24.3% in the 3rd quarter. Amundi now owns 2,375,710 shares of the industrial products company’s stock worth $1,176,870,000 after buying an additional 464,036 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its position in shares of Caterpillar by 1,851.8% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,830,414 shares of the industrial products company’s stock worth $873,382,000 after buying an additional 1,736,631 shares in the last quarter. 70.98% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Caterpillar

In other news, insider Anthony D. Fassino sold 10,671 shares of the company’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $680.45, for a total transaction of $7,261,081.95. Following the completion of the transaction, the insider owned 41,151 shares of the company’s stock, valued at $28,001,197.95. This represents a 20.59% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Denise C. Johnson sold 39,138 shares of the company’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $681.08, for a total transaction of $26,656,109.04. Following the transaction, the insider directly owned 43,350 shares of the company’s stock, valued at approximately $29,524,818. This represents a 47.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 125,950 shares of company stock worth $88,577,390 in the last ninety days. Company insiders own 0.33% of the company’s stock.

Caterpillar Trading Up 0.5%

Shares of CAT stock opened at $720.84 on Tuesday. The firm has a 50-day moving average price of $717.23 and a 200 day moving average price of $616.99. Caterpillar Inc. has a twelve month low of $267.30 and a twelve month high of $789.81. The company has a market capitalization of $335.40 billion, a price-to-earnings ratio of 38.30, a PEG ratio of 1.69 and a beta of 1.52. The company has a current ratio of 1.44, a quick ratio of 0.94 and a debt-to-equity ratio of 1.44.

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 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 the consensus estimate of $17.81 billion. During the same quarter in the previous year, the company posted $5.14 EPS. The firm’s revenue for the quarter was up 17.9% on a year-over-year basis. Research analysts forecast that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CAT has been the topic of several recent research reports. Oppenheimer boosted their price objective on shares of Caterpillar from $729.00 to $817.00 and gave the stock an “outperform” rating in a research report on Friday, March 6th. DA Davidson boosted their price objective on shares of Caterpillar from $569.00 to $650.00 and gave the stock a “neutral” rating in a research report on Monday, February 2nd. HSBC boosted their price objective on shares of Caterpillar from $660.00 to $850.00 and gave the stock a “buy” rating in a research report on Thursday, February 5th. Wall Street Zen lowered shares of Caterpillar from a “buy” rating to a “hold” rating in a research report on Saturday, February 21st. Finally, Argus boosted their price objective on shares of Caterpillar from $625.00 to $820.00 and gave the stock a “buy” rating in a research report on Wednesday, February 11th. Sixteen equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $737.55.

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.