Caterpillar Inc. (NYSE:CAT) is Minneapolis Portfolio Management Group LLC's 6th Largest Position

Minneapolis Portfolio Management Group LLC reduced its stake in Caterpillar Inc. (NYSE:CAT - Free Report) by 1.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 94,243 shares of the industrial products company's stock after selling 1,645 shares during the quarter. Caterpillar makes up approximately 4.5% of Minneapolis Portfolio Management Group LLC's investment portfolio, making the stock its 6th biggest position. Minneapolis Portfolio Management Group LLC's holdings in Caterpillar were worth $34,187,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Interchange Capital Partners LLC lifted its position in shares of Caterpillar by 12.6% in the fourth quarter. Interchange Capital Partners LLC now owns 1,137 shares of the industrial products company's stock valued at $413,000 after acquiring an additional 127 shares in the last quarter. ICW Investment Advisors LLC purchased a new position in Caterpillar in the 4th quarter worth approximately $417,000. Woodmont Investment Counsel LLC grew its holdings in Caterpillar by 105.2% during the 4th quarter. Woodmont Investment Counsel LLC now owns 5,208 shares of the industrial products company's stock valued at $1,889,000 after buying an additional 2,670 shares in the last quarter. Congress Wealth Management LLC DE raised its position in shares of Caterpillar by 2.8% during the fourth quarter. Congress Wealth Management LLC DE now owns 60,640 shares of the industrial products company's stock valued at $21,998,000 after buying an additional 1,658 shares during the last quarter. Finally, Clune & Associates LTD. bought a new position in shares of Caterpillar during the fourth quarter worth $3,083,000. Institutional investors own 70.98% of the company's stock.

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Caterpillar Trading Down 0.6 %

Shares of NYSE:CAT traded down $1.91 on Wednesday, hitting $340.71. 943,170 shares of the company's stock were exchanged, compared to its average volume of 2,440,702. The business's 50 day simple moving average is $357.63 and its two-hundred day simple moving average is $372.46. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.42 and a quick ratio of 0.89. The stock has a market capitalization of $162.84 billion, a price-to-earnings ratio of 15.43, a price-to-earnings-growth 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.

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

Insider Buying and Selling

In other news, Director Gerald Johnson purchased 100 shares of the business's stock in a transaction on Tuesday, February 4th. The shares were acquired at an average cost of $365.57 per share, with a total value of $36,557.00. Following the completion of the acquisition, the director now owns 3,053 shares of the company's stock, valued at $1,116,085.21. This trade represents a 3.39 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the 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 approximately $17,173,226.38. This represents a 18.12 % decrease in their position. The disclosure for this sale can be found here. 0.29% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts have issued reports on CAT shares. Citigroup lifted their price target on shares of Caterpillar from $420.00 to $430.00 and gave the company a "buy" rating in a report on Friday, January 31st. StockNews.com downgraded Caterpillar from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. UBS Group upgraded Caterpillar from a "sell" rating to a "neutral" rating and raised their price target for the company from $355.00 to $385.00 in a report on Monday, February 3rd. Bank of America decreased their price objective on Caterpillar from $452.00 to $414.00 and set a "buy" rating on the stock in a report on Friday, January 31st. Finally, 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 report on Friday, December 6th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $383.80.

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.