Natixis Advisors LLC Purchases 18,041 Shares of Caterpillar Inc. (NYSE:CAT)

Natixis Advisors LLC raised its holdings in Caterpillar Inc. (NYSE:CAT - Free Report) by 7.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 248,548 shares of the industrial products company's stock after buying an additional 18,041 shares during the quarter. Natixis Advisors LLC owned 0.05% of Caterpillar worth $90,163,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in CAT. Nordea Investment Management AB increased its position in shares of Caterpillar by 1.6% during the fourth quarter. Nordea Investment Management AB now owns 635,750 shares of the industrial products company's stock valued at $231,686,000 after purchasing an additional 10,212 shares during the period. West Wealth Group LLC acquired a new position in Caterpillar in the fourth quarter worth about $230,000. Citizens Financial Group Inc. RI lifted its stake in Caterpillar by 43.0% during the third quarter. Citizens Financial Group Inc. RI now owns 13,902 shares of the industrial products company's stock worth $5,437,000 after purchasing an additional 4,181 shares during the period. Cadinha & Co. LLC acquired a new stake in Caterpillar during the fourth quarter valued at approximately $11,084,000. Finally, Atomi Financial Group Inc. grew its stake in shares of Caterpillar by 3.9% in the 4th quarter. Atomi Financial Group Inc. now owns 23,193 shares of the industrial products company's stock valued at $8,414,000 after purchasing an additional 871 shares during the period. 70.98% of the stock is owned by institutional investors.

Caterpillar Stock Down 0.7 %

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

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Caterpillar (NYSE:CAT - Get Free Report) last issued its quarterly earnings data 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 net margin of 16.65% and a return on equity of 58.18%. On average, equities research analysts expect that Caterpillar Inc. will post 19.86 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of 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 for the company in a research report on Monday, February 3rd. DA Davidson boosted their target price on Caterpillar from $350.00 to $357.00 and gave the stock a "neutral" rating in a report on Tuesday, February 4th. Raymond James raised Caterpillar from a "market perform" rating to an "outperform" rating in a report on Monday, February 3rd. UBS Group raised Caterpillar from a "sell" rating to a "neutral" rating and boosted their price objective for the stock from $355.00 to $385.00 in a research note on Monday, February 3rd. Finally, StockNews.com cut Caterpillar from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat.com, Caterpillar currently has an average rating of "Hold" and an average target price of $383.80.

Insider Activity

In other news, CFO Andrew R. J. Bonfield sold 10,000 shares of the business's stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $380.09, for a total value of $3,800,900.00. Following the sale, the chief financial officer now owns 45,182 shares of the company's stock, valued at $17,173,226.38. The trade was a 18.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Jason Kaiser sold 2,425 shares of the firm's stock in a transaction 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 completion of the transaction, the insider now directly 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 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.