Gallacher Capital Management LLC Grows Holdings in Caterpillar Inc. (NYSE:CAT)

Gallacher Capital Management LLC raised its position in Caterpillar Inc. (NYSE:CAT) by 6.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,009 shares of the industrial products company’s stock after buying an additional 58 shares during the period. Gallacher Capital Management LLC’s holdings in Caterpillar were worth $366,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. FSM Wealth Advisors LLC raised its holdings in shares of Caterpillar by 3.8% in the fourth quarter. FSM Wealth Advisors LLC now owns 688 shares of the industrial products company’s stock valued at $262,000 after buying an additional 25 shares during the last quarter. Allen Capital Group LLC raised its holdings in shares of Caterpillar by 0.6% in the fourth quarter. Allen Capital Group LLC now owns 4,247 shares of the industrial products company’s stock valued at $1,541,000 after buying an additional 26 shares during the last quarter. Wagner Wealth Management LLC raised its holdings in shares of Caterpillar by 4.0% in the fourth quarter. Wagner Wealth Management LLC now owns 668 shares of the industrial products company’s stock valued at $242,000 after buying an additional 26 shares during the last quarter. Channel Wealth LLC raised its holdings in shares of Caterpillar by 1.9% in the fourth quarter. Channel Wealth LLC now owns 1,468 shares of the industrial products company’s stock valued at $533,000 after buying an additional 27 shares during the last quarter. Finally, Total Clarity Wealth Management Inc. increased its position in Caterpillar by 0.6% in the fourth quarter. Total Clarity Wealth Management Inc. now owns 4,373 shares of the industrial products company’s stock worth $1,586,000 after purchasing an additional 27 shares during the period. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Insider Activity

In other news, CFO Andrew R. J. Bonfield sold 10,000 shares of the firm’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $380.09, for a total value of $3,800,900.00. Following the completion of the transaction, the chief financial officer now owns 45,182 shares in the company, valued at $17,173,226.38. This trade represents a 18.12 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gerald Johnson acquired 100 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The stock was bought at an average price of $365.57 per share, with a total value of $36,557.00. Following the acquisition, the director now directly owns 3,053 shares in the company, valued at $1,116,085.21. This represents a 3.39 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.29% of the stock is owned by corporate insiders.

Caterpillar Stock Performance

CAT opened at $340.46 on Friday. The business’s 50-day moving average price is $360.81 and its two-hundred day moving average price is $372.49. Caterpillar Inc. has a 1 year low of $307.05 and a 1 year high of $418.50. The company has a market capitalization of $162.72 billion, a price-to-earnings ratio of 15.43, a P/E/G ratio of 1.87 and a beta of 1.15. 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 (NYSE:CAT) last released its quarterly earnings results on Thursday, January 30th. The industrial products company reported $5.14 earnings per share (EPS) for the quarter, beating 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%. Equities analysts expect that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

Analysts Set New Price Targets

CAT has been the subject of a number of research reports. Morgan Stanley lowered their price objective on Caterpillar from $330.00 to $300.00 and set an “underweight” rating for the company in a research report on Friday, January 31st. Raymond James upgraded Caterpillar from a “market perform” rating to an “outperform” rating in a research report on Monday, February 3rd. Bank of America lowered their price objective on Caterpillar from $452.00 to $414.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Jefferies Financial Group lifted their price objective on Caterpillar from $455.00 to $475.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Finally, Truist Financial lowered their price objective on Caterpillar from $455.00 to $438.00 and set a “buy” rating for the company in a research report on Monday, February 3rd. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $383.80.

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.