Brooklyn FI LLC purchased a new stake in shares of Caterpillar Inc. (NYSE:CAT - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,944 shares of the industrial products company's stock, valued at approximately $755,000.
A number of other hedge funds also recently added to or reduced their stakes in CAT. Flagship Wealth Advisors LLC purchased a new position in shares of Caterpillar in the fourth quarter worth $26,000. Halbert Hargrove Global Advisors LLC purchased a new position in Caterpillar in the 4th quarter worth about $27,000. Noble Wealth Management PBC bought a new position in Caterpillar during the 4th quarter valued at about $31,000. Retirement Wealth Solutions LLC purchased a new stake in shares of Caterpillar during the 4th quarter valued at about $34,000. Finally, Albion Financial Group UT grew its stake in shares of Caterpillar by 334.8% in 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 period. 70.98% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity at Caterpillar
In other news, Director Gerald Johnson purchased 100 shares of the company's stock in a transaction that occurred on Tuesday, February 4th. The stock was bought at an average cost of $365.57 per share, with a total value of $36,557.00. Following the completion of the purchase, the director now 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 legal filing with the SEC, which is available through this hyperlink. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of Caterpillar stock in a transaction that occurred 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 completion of the sale, the chief financial officer now directly owns 45,182 shares in the company, valued at approximately $17,173,226.38. The trade was 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 corporate insiders.
Caterpillar Price Performance
Shares of Caterpillar stock traded up $6.05 during trading hours on Monday, hitting $341.83. The company's stock had a trading volume of 2,277,144 shares, compared to its average volume of 2,448,054. The company has a market cap of $163.37 billion, a PE ratio of 15.49, a PEG ratio of 1.87 and a beta of 1.15. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.89 and a current ratio of 1.42. The business has a 50 day moving average price of $358.61 and a two-hundred day moving average price of $372.30. Caterpillar Inc. has a 12-month low of $307.05 and a 12-month high of $418.50.
Caterpillar (NYSE:CAT - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The industrial products company reported $5.14 earnings per share for the quarter, topping 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%. Analysts expect that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal year.
Analyst Ratings Changes
Several equities research analysts recently issued reports on CAT shares. Truist Financial dropped their target price on shares of Caterpillar from $455.00 to $438.00 and set a "buy" rating on the stock in a report on Monday, February 3rd. DA Davidson lifted their price objective on Caterpillar from $350.00 to $357.00 and gave the stock a "neutral" rating in a report on Tuesday, February 4th. JPMorgan Chase & Co. lowered their target price on Caterpillar from $515.00 to $490.00 and set an "overweight" rating on the stock in a report on Friday, January 31st. StockNews.com downgraded Caterpillar from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Finally, Wedbush upgraded shares of Caterpillar 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 stock. Based on data from MarketBeat, Caterpillar presently has a consensus rating of "Hold" and an average price target of $383.80.
View Our Latest Report on Caterpillar
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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