Generali Investments Management Co LLC Takes Position in Caterpillar Inc. (NYSE:CAT)

Generali Investments Management Co LLC bought a new position in Caterpillar Inc. (NYSE:CAT - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 2,427 shares of the industrial products company's stock, valued at approximately $880,000.

Several other institutional investors have also made changes to their positions in the company. Principal Financial Group Inc. grew its stake in shares of Caterpillar by 0.7% in the 3rd quarter. Principal Financial Group Inc. now owns 729,654 shares of the industrial products company's stock valued at $285,382,000 after buying an additional 5,371 shares in the last quarter. Caprock Group LLC grew its stake in shares of Caterpillar by 14.7% in the 3rd quarter. Caprock Group LLC now owns 12,937 shares of the industrial products company's stock valued at $5,060,000 after buying an additional 1,661 shares in the last quarter. Chesapeake Wealth Management grew its stake in shares of Caterpillar by 7.7% in the 3rd quarter. Chesapeake Wealth Management now owns 2,480 shares of the industrial products company's stock valued at $970,000 after buying an additional 177 shares in the last quarter. OneAscent Financial Services LLC bought a new position in shares of Caterpillar in the 3rd quarter valued at approximately $4,369,000. Finally, Prospera Financial Services Inc lifted its holdings in Caterpillar by 8.3% in the 3rd quarter. Prospera Financial Services Inc now owns 95,620 shares of the industrial products company's stock worth $37,409,000 after purchasing an additional 7,293 shares during the last quarter. 70.98% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Raymond James upgraded Caterpillar from a "market perform" rating to an "outperform" rating in a report on Monday, February 3rd. Evercore ISI boosted their target price on Caterpillar from $365.00 to $375.00 and gave the stock an "in-line" rating in a report on Wednesday, February 19th. Truist Financial reduced their target price on Caterpillar from $455.00 to $438.00 and set a "buy" rating for the company in a report on Monday, February 3rd. Citigroup boosted their target price on Caterpillar from $420.00 to $430.00 and gave the stock a "buy" rating in a report on Friday, January 31st. Finally, UBS Group upgraded Caterpillar from a "sell" rating to a "neutral" rating and boosted their target price for the stock from $355.00 to $385.00 in a 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 issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $383.80.

Caterpillar Price Performance

NYSE:CAT traded down $0.76 during trading hours on Friday, reaching $335.49. The company had a trading volume of 6,752,336 shares, compared to its average volume of 2,448,743. The stock has a 50-day moving average of $358.61 and a two-hundred day moving average of $372.05. The company has a quick ratio of 0.89, a current ratio of 1.42 and a debt-to-equity ratio of 1.40. The firm has a market capitalization of $160.34 billion, a PE ratio of 15.20, a PEG ratio of 1.87 and a beta of 1.15. Caterpillar Inc. has a one year low of $307.05 and a one year high of $418.50.

Caterpillar (NYSE:CAT - Get Free Report) last announced its earnings results on Thursday, January 30th. The industrial products company reported $5.14 EPS for the quarter, topping 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%. Analysts forecast that Caterpillar Inc. will post 19.86 earnings per share for the current year.

Insider Buying and Selling at Caterpillar

In related news, Director Gerald Johnson purchased 100 shares of the firm's stock in a transaction on Tuesday, February 4th. The stock was purchased at an average cost of $365.57 per share, for a total transaction of $36,557.00. Following the completion of the purchase, the director now directly owns 3,053 shares in the company, valued at $1,116,085.21. This trade represents a 3.39 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of Caterpillar stock in a transaction that occurred 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 of the company's stock, valued at $17,173,226.38. This represents a 18.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.29% of the company's stock.

Caterpillar 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.