Caterpillar Inc. (NYSE:CAT) Shares Sold by AGF Management Ltd.

AGF Management Ltd. trimmed its position in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 23.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,074 shares of the industrial products company's stock after selling 921 shares during the period. AGF Management Ltd.'s holdings in Caterpillar were worth $1,115,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in CAT. Halbert Hargrove Global Advisors LLC acquired a new position in Caterpillar during the fourth quarter worth $27,000. Noble Wealth Management PBC acquired a new position in Caterpillar during the fourth quarter worth $31,000. Retirement Wealth Solutions LLC acquired a new stake in shares of Caterpillar in the fourth quarter valued at $34,000. Albion Financial Group UT raised 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 valued at $36,000 after acquiring an additional 77 shares in the last quarter. Finally, Whipplewood Advisors LLC acquired a new stake in shares of Caterpillar in the fourth quarter valued at $36,000. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Caterpillar Stock Performance

Shares of CAT stock traded up $1.89 during mid-day trading on Wednesday, hitting $338.60. 2,362,349 shares of the stock were exchanged, compared to its average volume of 2,431,046. The stock's fifty day simple moving average is $359.86 and its two-hundred day simple moving average is $372.46. The stock has a market capitalization of $161.83 billion, a price-to-earnings ratio of 15.34, a P/E/G ratio of 1.87 and a beta of 1.15. Caterpillar Inc. has a 12-month low of $307.05 and a 12-month 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.

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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 return on equity of 58.18% and a net margin of 16.65%. On average, analysts forecast that Caterpillar Inc. will post 19.86 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Bank of America reduced their price objective on Caterpillar from $452.00 to $414.00 and set a "buy" rating on the stock in a research note on Friday, January 31st. Raymond James upgraded Caterpillar from a "market perform" rating to an "outperform" rating in a research note on Monday, February 3rd. Evercore ISI increased their price objective on Caterpillar from $365.00 to $375.00 and gave the company an "in-line" rating in a research note on Wednesday, February 19th. DA Davidson increased their target price on Caterpillar from $350.00 to $357.00 and gave the company a "neutral" rating in a report on Tuesday, February 4th. Finally, UBS Group raised Caterpillar from a "sell" rating to a "neutral" rating and increased their target price for the company from $355.00 to $385.00 in a report on Monday, February 3rd. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $383.80.

Insider Transactions at Caterpillar

In other news, CFO Andrew R. J. Bonfield sold 10,000 shares of the stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $380.09, for a total transaction of $3,800,900.00. Following the completion of the sale, the chief financial officer now owns 45,182 shares in the company, valued at approximately $17,173,226.38. This represents a 18.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gerald Johnson bought 100 shares of the firm's stock in a transaction dated Tuesday, February 4th. The shares were acquired at an average price of $365.57 per share, with a total value of $36,557.00. Following the purchase, the director now directly owns 3,053 shares of the company's stock, valued at approximately $1,116,085.21. This trade represents a 3.39 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.29% of the company's stock.

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.