Antonelli Financial Advisors LLC Acquires New Shares in Caterpillar Inc. (NYSE:CAT)

Antonelli Financial Advisors LLC acquired a new stake in Caterpillar Inc. (NYSE:CAT - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 1,053 shares of the industrial products company's stock, valued at approximately $382,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CAT. Holderness Investments Co. grew its holdings in shares of Caterpillar by 0.6% during the 4th quarter. Holderness Investments Co. now owns 16,149 shares of the industrial products company's stock valued at $5,858,000 after purchasing an additional 92 shares during the last quarter. HUB Investment Partners LLC boosted its position in Caterpillar by 5.0% in the fourth quarter. HUB Investment Partners LLC now owns 3,512 shares of the industrial products company's stock valued at $1,274,000 after buying an additional 167 shares in the last quarter. Whittier Trust Co. grew its stake in shares of Caterpillar by 1.5% during the fourth quarter. Whittier Trust Co. now owns 50,216 shares of the industrial products company's stock worth $18,216,000 after buying an additional 762 shares during the last quarter. iA Global Asset Management Inc. increased its holdings in shares of Caterpillar by 5.3% during the fourth quarter. iA Global Asset Management Inc. now owns 18,836 shares of the industrial products company's stock worth $6,833,000 after buying an additional 956 shares in the last quarter. Finally, Wilkins Investment Counsel Inc. lifted its stake in shares of Caterpillar by 36.9% in the 4th quarter. Wilkins Investment Counsel Inc. now owns 4,270 shares of the industrial products company's stock valued at $1,549,000 after acquiring an additional 1,150 shares during the last quarter. Institutional investors own 70.98% of the company's stock.

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Caterpillar Stock Up 1.8 %

Shares of CAT traded up $6.05 during trading hours on Monday, hitting $341.83. The stock had a trading volume of 2,277,144 shares, compared to its average volume of 2,447,507. Caterpillar Inc. has a 1-year low of $307.05 and a 1-year high of $418.50. The firm has a market capitalization of $163.37 billion, a P/E ratio of 15.49, a price-to-earnings-growth ratio of 1.87 and a beta of 1.15. The firm has a 50 day simple moving average of $358.19 and a 200-day simple moving average of $372.36. 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 - Get Free Report) last released 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 return on equity of 58.18% and a net margin of 16.65%. Sell-side analysts predict that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on CAT shares. Truist Financial lowered 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. StockNews.com lowered shares of Caterpillar from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. Wedbush raised shares of Caterpillar to an "outperform" rating in a report on Monday, February 3rd. Jefferies Financial Group raised their price target on shares of Caterpillar from $455.00 to $475.00 and gave the company a "buy" rating in a research note on Friday, December 6th. Finally, Citigroup boosted their price objective on shares of Caterpillar from $420.00 to $430.00 and gave the stock a "buy" rating in a research note on Friday, January 31st. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $383.80.

Insider Buying and Selling at Caterpillar

In other news, CFO Andrew R. J. Bonfield sold 10,000 shares of the company's stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $380.09, for a total value of $3,800,900.00. Following the completion of the sale, the chief financial officer now owns 45,182 shares in the company, valued at $17,173,226.38. This represents a 18.12 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Jason Kaiser sold 2,425 shares of the business's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $354.70, for a total value of $860,147.50. Following the completion of the transaction, the insider now directly owns 6,275 shares in the company, valued at approximately $2,225,742.50. This represents a 27.87 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.29% of the company's stock.

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.