Caterpillar Inc. (NYSE:CAT) Shares Sold by CIBC Private Wealth Group LLC

CIBC Private Wealth Group LLC lowered its position in Caterpillar Inc. (NYSE:CAT - Free Report) by 2.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 41,279 shares of the industrial products company's stock after selling 1,148 shares during the quarter. CIBC Private Wealth Group LLC's holdings in Caterpillar were worth $14,905,000 as of its most recent SEC filing.

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

Caterpillar Price Performance

CAT traded down $28.91 during trading on Thursday, reaching $305.75. 4,634,646 shares of the stock were exchanged, compared to its average volume of 2,547,324. Caterpillar Inc. has a 1 year low of $303.30 and a 1 year high of $418.50. The company has a market capitalization of $146.13 billion, a price-to-earnings ratio of 13.85, a P/E/G ratio of 1.87 and a beta of 1.15. The business's 50 day moving average price is $351.26 and its two-hundred day moving average price is $372.07. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.42 and a quick ratio of 0.89.

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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 EPS for the quarter, beating analysts' consensus estimates of $4.97 by $0.17. Caterpillar had a net margin of 16.65% and a return on equity of 58.18%. As a group, equities research analysts anticipate that Caterpillar Inc. will post 19.86 earnings per share for the current year.

Insider Transactions at Caterpillar

In other Caterpillar news, CFO Andrew R. J. Bonfield sold 10,000 shares of the firm's stock in a transaction on 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. This trade represents a 18.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Jason Kaiser sold 2,425 shares of the company's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $354.70, for a total value of $860,147.50. Following the completion of the sale, the insider now owns 6,275 shares in the company, valued at $2,225,742.50. This represents a 27.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.29% of the company's stock.

Analyst Ratings Changes

CAT has been the topic of a number of research reports. UBS Group upgraded Caterpillar from a "sell" rating to a "neutral" rating and raised their price target for the stock from $355.00 to $385.00 in a research note on Monday, February 3rd. Truist Financial cut 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. Evercore ISI increased their price target on shares of Caterpillar from $365.00 to $375.00 and gave the stock an "in-line" rating in a research note on Wednesday, February 19th. Raymond James upgraded shares of Caterpillar from a "market perform" rating to an "outperform" rating in a research note on Monday, February 3rd. Finally, Jefferies Financial Group increased their target price on shares of Caterpillar from $455.00 to $475.00 and gave the stock a "buy" rating in a research note on Friday, December 6th. 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. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $383.80.

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.