Connor Clark & Lunn Investment Management Ltd. Takes Position in Caterpillar Inc. (NYSE:CAT)

Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Caterpillar Inc. (NYSE:CAT - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 56,198 shares of the industrial products company's stock, valued at approximately $20,386,000.

A number of other large investors have also recently modified their holdings of the company. Halbert Hargrove Global Advisors LLC bought a new position in shares of Caterpillar during the fourth quarter valued at approximately $27,000. Noble Wealth Management PBC purchased a new stake in Caterpillar during the fourth quarter worth $31,000. Retirement Wealth Solutions LLC bought a new stake in Caterpillar during the 4th quarter valued at $34,000. Whipplewood Advisors LLC bought a new position in shares of Caterpillar in the 4th quarter worth $36,000. Finally, Kimelman & Baird LLC lifted its stake in shares of Caterpillar by 42.9% during the 3rd quarter. Kimelman & Baird LLC now owns 100 shares of the industrial products company's stock worth $39,000 after purchasing an additional 30 shares during the last quarter. Hedge funds and other institutional investors own 70.98% of the company's stock.

Caterpillar Stock Performance

NYSE CAT traded up $3.02 during trading hours on Monday, reaching $342.66. The stock had a trading volume of 1,683,737 shares, compared to its average volume of 2,429,137. Caterpillar Inc. has a 52-week low of $307.05 and a 52-week high of $418.50. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.89 and a current ratio of 1.42. The stock has a market cap of $163.77 billion, a P/E ratio of 15.53, a price-to-earnings-growth ratio of 1.87 and a beta of 1.15. The stock has a fifty day moving average of $360.81 and a 200 day moving average of $372.66.

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Caterpillar (NYSE:CAT - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The industrial products company reported $5.14 earnings per share for the quarter, topping analysts' consensus estimates of $4.97 by $0.17. Caterpillar had a net margin of 16.65% and a return on equity of 58.18%. Sell-side analysts predict that Caterpillar Inc. will post 19.86 earnings per share for the current year.

Insider Buying and Selling at Caterpillar

In other news, insider Jason Kaiser sold 2,425 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $354.70, for a total transaction of $860,147.50. Following the sale, the insider now owns 6,275 shares of the company's stock, valued at $2,225,742.50. This trade represents a 27.87 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the business's stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $380.09, for a total transaction of $3,800,900.00. Following the completion of the transaction, the chief financial officer now owns 45,182 shares of the company's stock, valued at approximately $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. Company insiders own 0.29% of the company's stock.

Analyst Ratings Changes

CAT has been the topic of several analyst reports. StockNews.com lowered Caterpillar from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. UBS Group raised shares of Caterpillar from a "sell" rating to a "neutral" rating and lifted their price objective for the stock from $355.00 to $385.00 in a research report on Monday, February 3rd. Morgan Stanley decreased their target price on shares of Caterpillar from $330.00 to $300.00 and set an "underweight" rating for the company in a research report on Friday, January 31st. Evercore ISI raised their target price on shares of Caterpillar from $365.00 to $375.00 and gave the company an "in-line" rating in a research note on Wednesday, February 19th. Finally, Jefferies Financial Group upped their price target on Caterpillar from $455.00 to $475.00 and gave the stock a "buy" rating in a research report on Friday, December 6th. Two investment 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 data from MarketBeat, Caterpillar has a consensus rating of "Hold" and an average target price of $383.80.

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.