Boston Family Office LLC Sells 1,201 Shares of Caterpillar Inc. (NYSE:CAT)

Boston Family Office LLC lessened its stake in Caterpillar Inc. (NYSE:CAT - Free Report) by 26.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,301 shares of the industrial products company's stock after selling 1,201 shares during the quarter. Boston Family Office LLC's holdings in Caterpillar were worth $1,197,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Flagship Wealth Advisors LLC bought a new position in shares of Caterpillar in the 4th quarter valued at about $26,000. Halbert Hargrove Global Advisors LLC acquired a new stake in Caterpillar in the 4th quarter valued at about $27,000. Cyrus J. Lawrence LLC bought a new position in Caterpillar during the fourth quarter worth about $27,000. Noble Wealth Management PBC acquired a new position in Caterpillar during the fourth quarter worth approximately $31,000. Finally, Retirement Wealth Solutions LLC bought a new stake in Caterpillar in the fourth quarter valued at approximately $34,000. 70.98% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on CAT. 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. Raymond James upgraded shares of Caterpillar from a "market perform" rating to an "outperform" rating in a report on Monday, February 3rd. UBS Group upgraded shares of Caterpillar from a "sell" rating to a "neutral" rating and raised their target price for the stock from $355.00 to $385.00 in a research note on Monday, February 3rd. Bank of America decreased their price target on shares of Caterpillar from $452.00 to $414.00 and set a "buy" rating on the stock in a research note on Friday, January 31st. Finally, StockNews.com cut Caterpillar from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $383.80.

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Caterpillar Price Performance

Shares of NYSE:CAT traded down $18.19 during trading on Friday, reaching $287.57. 7,214,330 shares of the company traded hands, compared to its average volume of 2,567,844. The firm has a market capitalization of $137.44 billion, a PE ratio of 13.03, a PEG ratio of 1.87 and a beta of 1.21. Caterpillar Inc. has a 52 week low of $281.50 and a 52 week 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's 50 day moving average is $346.83 and its two-hundred day moving average is $371.31.

Caterpillar (NYSE:CAT - Get Free Report) last announced its quarterly earnings data 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 net margin of 16.65% and a return on equity of 58.18%. As a group, sell-side analysts predict that Caterpillar Inc. will post 19.86 earnings per share for the current year.

Insider Buying and Selling

In other Caterpillar news, insider Jason Kaiser sold 2,425 shares of the firm'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 sale, the insider now owns 6,275 shares of the company's stock, valued at approximately $2,225,742.50. This trade represents a 27.87 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the business's 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 transaction, the chief financial officer now directly owns 45,182 shares of the company's stock, valued at $17,173,226.38. This trade represents a 18.12 % decrease in their position. The disclosure for this sale can be found here. 0.29% of the stock is currently owned by company insiders.

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.