Catalyst Funds Management Pty Ltd Has $326,000 Position in Caterpillar Inc. (NYSE:CAT)

Catalyst Funds Management Pty Ltd lowered its stake in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 75.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 900 shares of the industrial products company's stock after selling 2,700 shares during the quarter. Catalyst Funds Management Pty Ltd's holdings in Caterpillar were worth $326,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CAT. Principal Financial Group Inc. lifted its stake in shares of Caterpillar by 0.7% in the 3rd quarter. Principal Financial Group Inc. now owns 729,654 shares of the industrial products company's stock valued at $285,382,000 after purchasing an additional 5,371 shares during the period. CIBC Asset Management Inc lifted its stake in Caterpillar by 4.4% in the third quarter. CIBC Asset Management Inc now owns 72,743 shares of the industrial products company's stock valued at $28,451,000 after buying an additional 3,051 shares during the period. Coastline Trust Co grew its position in shares of Caterpillar by 4.4% during the 3rd quarter. Coastline Trust Co now owns 6,376 shares of the industrial products company's stock worth $2,494,000 after buying an additional 271 shares during the period. KPP Advisory Services LLC bought a new stake in shares of Caterpillar in the 3rd quarter valued at about $231,000. Finally, Turtle Creek Wealth Advisors LLC raised its position in shares of Caterpillar by 1.5% in the 3rd quarter. Turtle Creek Wealth Advisors LLC now owns 20,114 shares of the industrial products company's stock valued at $7,867,000 after acquiring an additional 291 shares during the period. Institutional investors and hedge funds own 70.98% of the company's stock.

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Analyst Ratings Changes

A number of brokerages recently weighed in on CAT. JPMorgan Chase & Co. reduced their target price on shares of Caterpillar from $515.00 to $490.00 and set an "overweight" rating for the company in a research note on Friday, January 31st. StockNews.com cut Caterpillar from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Jefferies Financial Group raised their target price on shares of Caterpillar from $455.00 to $475.00 and gave the company a "buy" rating in a research note on Friday, December 6th. Raymond James raised Caterpillar from a "market perform" rating to an "outperform" rating in a research report on Monday, February 3rd. Finally, Bank of America cut their price objective on Caterpillar from $452.00 to $414.00 and set a "buy" rating for the company in a research report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $383.80.

Caterpillar Price Performance

Shares of CAT stock traded down $2.53 during trading on Thursday, hitting $336.09. The company had a trading volume of 2,742,383 shares, compared to its average volume of 2,499,301. The firm has a market capitalization of $160.63 billion, a P/E ratio of 15.23, a price-to-earnings-growth ratio of 1.87 and a beta of 1.15. Caterpillar Inc. has a one year low of $307.05 and a one year high of $418.50. 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 stock's 50-day moving average price is $359.41 and its 200 day moving average price is $372.23.

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

Insider Activity

In other Caterpillar news, CFO Andrew R. J. Bonfield sold 10,000 shares of the business's stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $380.09, for a total transaction of $3,800,900.00. Following the completion of the transaction, the chief financial officer now owns 45,182 shares of the company's stock, valued at approximately $17,173,226.38. The trade was a 18.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jason Kaiser sold 2,425 shares of the stock in a transaction dated 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 transaction, the insider now directly owns 6,275 shares of the company's stock, valued at $2,225,742.50. This trade represents a 27.87 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.29% of the company's stock.

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.