Brandywine Global Investment Management LLC Has $184.22 Million Stake in Caterpillar Inc. (NYSE:CAT)

Brandywine Global Investment Management LLC increased its holdings in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 10.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 507,817 shares of the industrial products company's stock after buying an additional 49,554 shares during the quarter. Caterpillar accounts for approximately 1.3% of Brandywine Global Investment Management LLC's holdings, making the stock its 13th largest holding. Brandywine Global Investment Management LLC owned 0.11% of Caterpillar worth $184,216,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Flagship Wealth Advisors LLC acquired a new position in Caterpillar in the 4th quarter worth $26,000. Halbert Hargrove Global Advisors LLC bought a new position in shares of Caterpillar during the fourth quarter worth about $27,000. Cyrus J. Lawrence LLC bought a new stake in Caterpillar in the 4th quarter valued at approximately $27,000. Noble Wealth Management PBC bought a new position in shares of Caterpillar during the 4th quarter worth approximately $31,000. Finally, Retirement Wealth Solutions LLC acquired a new stake in shares of Caterpillar in the fourth quarter valued at approximately $34,000. Institutional investors and hedge funds own 70.98% of the company's stock.

Insiders Place Their Bets

In other Caterpillar news, Director Gerald Johnson bought 100 shares of the business's stock in a transaction that occurred on Tuesday, February 4th. The shares were acquired at an average cost of $365.57 per share, for a total transaction of $36,557.00. Following the transaction, the director now directly owns 3,053 shares in the company, valued at approximately $1,116,085.21. This represents a 3.39 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 transaction of $860,147.50. Following the completion of the sale, 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.

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Analyst Upgrades and Downgrades

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

Caterpillar Price Performance

CAT stock traded down $22.59 during midday trading on Thursday, reaching $312.07. The company had a trading volume of 2,040,373 shares, compared to its average volume of 2,537,339. The company has a market capitalization of $149.15 billion, a price-to-earnings ratio of 14.14, a price-to-earnings-growth ratio of 1.87 and a beta of 1.15. 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 Inc. has a 1-year low of $307.05 and a 1-year high of $418.50. The stock has a 50 day moving average price of $351.26 and a 200-day moving average price of $372.07.

Caterpillar (NYSE:CAT - Get Free Report) last issued its earnings results on Thursday, January 30th. The industrial products company reported $5.14 earnings per share for the quarter, beating 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 expect that Caterpillar Inc. will post 19.86 earnings per share for the current year.

About Caterpillar

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.