Clear Harbor Asset Management LLC Has $14.61 Million Stock Holdings in Caterpillar Inc. (NYSE:CAT)

Clear Harbor Asset Management LLC reduced its position in shares of Caterpillar Inc. (NYSE:CAT) by 1.9% in the 4th quarter, HoldingsChannel reports. The firm owned 49,397 shares of the industrial products company’s stock after selling 953 shares during the period. Caterpillar accounts for about 1.3% of Clear Harbor Asset Management LLC’s investment portfolio, making the stock its 13th largest holding. Clear Harbor Asset Management LLC’s holdings in Caterpillar were worth $14,605,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CAT. Moneta Group Investment Advisors LLC increased its stake in shares of Caterpillar by 130,632.5% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 9,784,017 shares of the industrial products company’s stock valued at $2,343,859,000 after buying an additional 9,776,533 shares in the last quarter. Northern Trust Corp increased its position in Caterpillar by 1.6% in the 3rd quarter. Northern Trust Corp now owns 6,962,809 shares of the industrial products company’s stock valued at $1,900,847,000 after acquiring an additional 111,384 shares in the last quarter. Morgan Stanley increased its stake in shares of Caterpillar by 0.7% in the 3rd quarter. Morgan Stanley now owns 6,830,849 shares of the industrial products company’s stock valued at $1,864,823,000 after buying an additional 47,258 shares during the period. FMR LLC raised its position in shares of Caterpillar by 14.9% during the third quarter. FMR LLC now owns 6,038,207 shares of the industrial products company’s stock worth $1,648,431,000 after acquiring an additional 781,111 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of Caterpillar by 1.7% during the third quarter. Bank of New York Mellon Corp now owns 5,440,783 shares of the industrial products company’s stock valued at $892,724,000 after acquiring an additional 92,360 shares during the period. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Caterpillar

In other news, insider Lange Bob De sold 21,194 shares of Caterpillar stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $325.52, for a total value of $6,899,070.88. Following the sale, the insider now directly owns 61,092 shares in the company, valued at $19,886,667.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Lange Bob De sold 21,194 shares of the stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $325.52, for a total transaction of $6,899,070.88. Following the completion of the transaction, the insider now directly owns 61,092 shares in the company, valued at approximately $19,886,667.84. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director David Maclennan acquired 350 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was bought at an average price of $323.37 per share, with a total value of $113,179.50. Following the acquisition, the director now directly owns 5,238 shares in the company, valued at $1,693,812.06. The disclosure for this purchase can be found here. Insiders sold 45,769 shares of company stock valued at $14,509,306 over the last three months. Company insiders own 0.33% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. The Goldman Sachs Group lifted their price objective on Caterpillar from $274.00 to $357.00 and gave the stock a “buy” rating in a research report on Tuesday, February 6th. TD Cowen increased their price objective on shares of Caterpillar from $300.00 to $338.00 and gave the company an “outperform” rating in a report on Tuesday, February 6th. Citigroup increased their price target on Caterpillar from $255.00 to $340.00 and gave the company a “neutral” rating in a research note on Monday, February 12th. Sanford C. Bernstein lifted their price objective on Caterpillar from $216.00 to $245.00 and gave the stock a “market perform” rating in a research note on Thursday, December 21st. Finally, Stifel Nicolaus increased their target price on Caterpillar from $285.00 to $293.00 and gave the company a “buy” rating in a research note on Tuesday, December 19th. One 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. According to data from MarketBeat.com, Caterpillar currently has a consensus rating of “Hold” and a consensus price target of $297.89.

Caterpillar Stock Up 0.5 %

CAT traded up $1.73 during trading on Thursday, reaching $366.38. The company had a trading volume of 2,028,222 shares, compared to its average volume of 2,469,203. The business’s fifty day moving average price is $325.46 and its 200 day moving average price is $287.19. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.35 and a quick ratio of 0.87. Caterpillar Inc. has a 12 month low of $204.04 and a 12 month high of $367.22. The company has a market cap of $182.97 billion, a P/E ratio of 18.19, a PEG ratio of 1.70 and a beta of 1.16.

Caterpillar (NYSE:CAT) last announced its earnings results on Monday, February 5th. The industrial products company reported $5.23 earnings per share for the quarter, topping analysts’ consensus estimates of $4.76 by $0.47. Caterpillar had a net margin of 15.41% and a return on equity of 56.99%. The firm had revenue of $17.07 billion during the quarter, compared to analyst estimates of $17.06 billion. During the same period in the prior year, the business earned $3.86 EPS. The company’s revenue for the quarter was up 2.8% compared to the same quarter last year. Equities analysts anticipate that Caterpillar Inc. will post 21.25 EPS for the current year.

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.