Wayfinding Financial LLC Takes $840,000 Position in Caterpillar Inc. (NYSE:CAT)

Wayfinding Financial LLC acquired a new position in Caterpillar Inc. (NYSE:CAT - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 2,318 shares of the industrial products company's stock, valued at approximately $840,000.

A number of other large investors also recently added to or reduced their stakes in CAT. Geode Capital Management LLC boosted its holdings in Caterpillar by 0.7% during the third quarter. Geode Capital Management LLC now owns 10,213,455 shares of the industrial products company's stock worth $3,987,206,000 after buying an additional 67,148 shares during the last quarter. Fisher Asset Management LLC grew its stake in shares of Caterpillar by 1.4% during the 4th quarter. Fisher Asset Management LLC now owns 9,081,775 shares of the industrial products company's stock worth $3,294,505,000 after acquiring an additional 129,143 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Caterpillar by 1.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,627,513 shares of the industrial products company's stock valued at $1,418,793,000 after buying an additional 64,452 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Caterpillar by 1.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,289,101 shares of the industrial products company's stock worth $1,193,154,000 after acquiring an additional 61,723 shares in the last quarter. Finally, Amundi raised its stake in shares of Caterpillar by 17.3% during the 4th quarter. Amundi now owns 2,166,087 shares of the industrial products company's stock worth $782,109,000 after purchasing an additional 318,891 shares in the last quarter. 70.98% of the stock is currently owned by institutional investors and hedge funds.

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Insiders Place Their Bets

In other Caterpillar news, insider Jason Kaiser sold 2,425 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $354.70, for a total transaction of $860,147.50. Following the completion of the sale, the insider now directly owns 6,275 shares of the company's stock, valued at approximately $2,225,742.50. This represents a 27.87 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the business's stock in a transaction on 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 transaction, the chief financial officer now owns 45,182 shares in the company, valued at approximately $17,173,226.38. This trade represents a 18.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.29% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CAT. Evercore ISI increased their price objective on shares of Caterpillar from $365.00 to $375.00 and gave the company an "in-line" rating in a research report on Wednesday, February 19th. DA Davidson lifted their price objective on shares of Caterpillar from $350.00 to $357.00 and gave the company a "neutral" rating in a research note on Tuesday, February 4th. Citigroup raised their target price on shares of Caterpillar from $420.00 to $430.00 and gave the company a "buy" rating in a research report on Friday, January 31st. Wedbush raised Caterpillar to an "outperform" rating in a report on Monday, February 3rd. Finally, UBS Group raised Caterpillar from a "sell" rating to a "neutral" rating and raised their target price for the stock from $355.00 to $385.00 in a research note on Monday, February 3rd. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, Caterpillar presently has an average rating of "Hold" and a consensus target price of $383.80.

Caterpillar Stock Performance

Caterpillar stock traded up $0.42 during mid-day trading on Tuesday, reaching $342.09. 135,859 shares of the stock traded hands, compared to its average volume of 2,447,507. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.42 and a quick ratio of 0.89. The stock has a market capitalization of $163.50 billion, a PE ratio of 15.51, a price-to-earnings-growth ratio of 1.87 and a beta of 1.15. The business's 50-day moving average is $358.19 and its 200-day moving average is $372.36. Caterpillar Inc. has a 12-month low of $307.05 and a 12-month high of $418.50.

Caterpillar (NYSE:CAT - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The industrial products company reported $5.14 EPS for the quarter, beating the consensus estimate of $4.97 by $0.17. Caterpillar had a net margin of 16.65% and a return on equity of 58.18%. As a group, sell-side analysts predict that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

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.