B. Metzler seel. Sohn & Co. AG reduced its holdings in Caterpillar Inc. (NYSE:CAT - Free Report) by 11.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. 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 reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Flagship Wealth Advisors LLC bought a new stake in Caterpillar in the fourth quarter valued at approximately $26,000. Halbert Hargrove Global Advisors LLC acquired a new stake in shares of Caterpillar during the 4th quarter worth about $27,000. Cyrus J. Lawrence LLC acquired a new position in shares of Caterpillar in the fourth quarter valued at approximately $27,000. Noble Wealth Management PBC acquired a new position in Caterpillar in the 4th quarter valued at $31,000. Finally, Retirement Wealth Solutions LLC bought a new position in Caterpillar during the fourth quarter worth about $34,000. 70.98% of the stock is owned by institutional investors.
Analysts Set New Price Targets
CAT has been the subject of several recent analyst reports. UBS Group raised shares of Caterpillar from a "sell" rating to a "neutral" rating and upped their price objective for the stock from $355.00 to $385.00 in a research report on Monday, February 3rd. StockNews.com downgraded Caterpillar from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. Bank of America decreased their price target on shares of Caterpillar from $452.00 to $414.00 and set a "buy" rating for the company in a research note on Friday, January 31st. Citigroup raised their price target 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. Finally, Truist Financial dropped their price target on Caterpillar from $455.00 to $438.00 and set a "buy" rating on the stock in a research report on Monday, February 3rd. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $383.80.
Read Our Latest Analysis on Caterpillar
Caterpillar Stock Performance
NYSE CAT traded down $28.91 during trading hours on Thursday, hitting $305.75. 4,627,446 shares of the company's stock traded hands, compared to its average volume of 2,547,309. The business's fifty day moving average price is $351.26 and its two-hundred day moving average price is $372.07. Caterpillar Inc. has a 52 week low of $305.10 and a 52 week high of $418.50. The company has a current ratio of 1.42, a quick ratio of 0.89 and a debt-to-equity ratio of 1.40. The firm has a market capitalization of $146.13 billion, a P/E ratio of 13.85, a P/E/G ratio of 1.87 and a beta of 1.15.
Caterpillar (NYSE:CAT - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The industrial products company reported $5.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.97 by $0.17. Caterpillar had a return on equity of 58.18% and a net margin of 16.65%. Equities research analysts predict that Caterpillar Inc. will post 19.86 EPS for the current year.
Insider Transactions at Caterpillar
In other Caterpillar news, CFO Andrew R. J. Bonfield sold 10,000 shares of the 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 sale, the chief financial officer now owns 45,182 shares in the company, valued at $17,173,226.38. This trade represents a 18.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Gerald Johnson acquired 100 shares of the firm's stock in a transaction that occurred on Tuesday, February 4th. The stock was purchased at an average price of $365.57 per share, with a total value of $36,557.00. Following the completion of the acquisition, the director now directly owns 3,053 shares of the company's stock, valued at $1,116,085.21. This represents a 3.39 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.29% of the company's stock.
About Caterpillar
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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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