Caterpillar Inc. (NYSE:CAT) Position Boosted by Bowen Hanes & Co. Inc.

Bowen Hanes & Co. Inc. lifted its position in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 388.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,779 shares of the industrial products company's stock after acquiring an additional 30,835 shares during the quarter. Bowen Hanes & Co. Inc.'s holdings in Caterpillar were worth $14,067,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Halbert Hargrove Global Advisors LLC purchased a new position in shares of Caterpillar in the fourth quarter valued at $27,000. Noble Wealth Management PBC acquired a new stake in Caterpillar in the 4th quarter valued at about $31,000. Retirement Wealth Solutions LLC purchased a new position in Caterpillar during the 4th quarter valued at about $34,000. Albion Financial Group UT raised its position in Caterpillar by 334.8% during the fourth quarter. Albion Financial Group UT now owns 100 shares of the industrial products company's stock worth $36,000 after acquiring an additional 77 shares during the last quarter. Finally, Whipplewood Advisors LLC purchased a new stake in shares of Caterpillar in the fourth quarter valued at about $36,000. Institutional investors and hedge funds own 70.98% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. StockNews.com cut shares of Caterpillar from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Truist Financial cut their price target on Caterpillar from $455.00 to $438.00 and set a "buy" rating for the company in a report on Monday, February 3rd. UBS Group raised Caterpillar from a "sell" rating to a "neutral" rating and increased their price objective for the company from $355.00 to $385.00 in a research note on Monday, February 3rd. DA Davidson boosted their target price on shares of Caterpillar from $350.00 to $357.00 and gave the company a "neutral" rating in a research note on Tuesday, February 4th. Finally, Evercore ISI raised their price target on shares of Caterpillar from $365.00 to $375.00 and gave the stock an "in-line" rating in a research note on Wednesday, February 19th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, Caterpillar has an average rating of "Hold" and an average price target of $383.80.

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Caterpillar Trading Up 0.9 %

Shares of NYSE CAT traded up $3.02 during trading on Monday, hitting $342.66. 1,683,737 shares of the company traded hands, compared to its average volume of 2,422,404. 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 firm has a market capitalization of $163.77 billion, a P/E ratio of 15.53, a P/E/G ratio of 1.87 and a beta of 1.15. The company has a 50-day moving average price of $360.81 and a 200-day moving average price of $372.66. Caterpillar Inc. has a 1 year low of $307.05 and a 1 year high of $418.50.

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, 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%. On average, equities analysts predict that Caterpillar Inc. will post 19.86 EPS for the current year.

Insider Buying and Selling at Caterpillar

In other news, insider Jason Kaiser sold 2,425 shares of Caterpillar 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 in the company, valued at $2,225,742.50. This trade represents a 27.87 % 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 on Tuesday, February 4th. The stock was purchased at an average cost of $365.57 per share, with a total value of $36,557.00. Following the completion of the transaction, the director now owns 3,053 shares in the company, valued at $1,116,085.21. The trade was a 3.39 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.29% of the stock is currently owned by corporate 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.