B. Metzler seel. Sohn & Co. AG reduced its holdings in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 11.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 124,141 shares of the industrial products company's stock after selling 16,473 shares during the period. B. Metzler seel. Sohn & Co. AG's holdings in Caterpillar were worth $45,024,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Flagship Wealth Advisors LLC purchased a new stake in shares of Caterpillar during the fourth quarter valued at $26,000. Halbert Hargrove Global Advisors LLC purchased a new stake in Caterpillar in the 4th quarter valued at about $27,000. Cyrus J. Lawrence LLC bought a new position in Caterpillar in the 4th quarter worth about $27,000. Noble Wealth Management PBC purchased a new position in shares of Caterpillar during the fourth quarter worth approximately $31,000. Finally, Retirement Wealth Solutions LLC bought a new stake in shares of Caterpillar during the fourth quarter valued at approximately $34,000. Hedge funds and other institutional investors own 70.98% of the company's stock.
Wall Street Analyst Weigh In
Several research analysts have commented on the company. Wedbush upgraded Caterpillar to an "outperform" rating in a report on Monday, February 3rd. UBS Group upgraded Caterpillar from a "sell" rating to a "neutral" rating and lifted their price objective for the company from $355.00 to $385.00 in a report on Monday, February 3rd. Morgan Stanley lowered their price objective on shares of Caterpillar from $330.00 to $300.00 and set an "underweight" rating for the company in a research note on Friday, January 31st. JPMorgan Chase & Co. reduced their price target on shares of Caterpillar from $515.00 to $490.00 and set an "overweight" rating for the company in a report on Friday, January 31st. Finally, Raymond James upgraded shares of Caterpillar from a "market perform" rating to an "outperform" rating in a research note on Monday, February 3rd. Two equities research 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. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $383.80.
Check Out Our Latest Research Report on CAT
Insider Buying and Selling at Caterpillar
In other Caterpillar 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 sale, the chief financial officer now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jason Kaiser sold 2,425 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $354.70, for a total value of $860,147.50. Following the sale, the insider now directly owns 6,275 shares in the company, valued at $2,225,742.50. This represents a 27.87 % 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.
Caterpillar Stock Performance
Shares of Caterpillar stock traded down $15.13 during midday trading on Friday, hitting $290.63. The company had a trading volume of 3,612,639 shares, compared to its average volume of 2,552,692. The stock has a market cap of $138.90 billion, a price-to-earnings ratio of 13.22, a PEG ratio of 1.87 and a beta of 1.15. Caterpillar Inc. has a 12-month low of $281.81 and a 12-month high of $418.50. 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 company has a fifty day simple moving average of $349.24 and a 200 day simple moving average of $371.61.
Caterpillar (NYSE:CAT - Get Free Report) last posted its quarterly earnings data 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 net margin of 16.65% and a return on equity of 58.18%. As a group, analysts predict that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal year.
About Caterpillar
(
Free Report)
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.
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