Caterpillar Inc. (NYSE:CAT) Shares Sold by Securian Asset Management Inc.

Securian Asset Management Inc. lowered its stake in Caterpillar Inc. (NYSE:CAT - Free Report) by 3.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,949 shares of the industrial products company's stock after selling 870 shares during the period. Securian Asset Management Inc.'s holdings in Caterpillar were worth $9,413,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the stock. FSM Wealth Advisors LLC increased its position in Caterpillar by 3.8% during the fourth quarter. FSM Wealth Advisors LLC now owns 688 shares of the industrial products company's stock worth $262,000 after buying an additional 25 shares during the period. Allen Capital Group LLC increased its position in Caterpillar by 0.6% during the fourth quarter. Allen Capital Group LLC now owns 4,247 shares of the industrial products company's stock worth $1,541,000 after buying an additional 26 shares during the period. Wagner Wealth Management LLC increased its position in Caterpillar by 4.0% during the fourth quarter. Wagner Wealth Management LLC now owns 668 shares of the industrial products company's stock worth $242,000 after buying an additional 26 shares during the period. Channel Wealth LLC increased its position in Caterpillar by 1.9% during the fourth quarter. Channel Wealth LLC now owns 1,468 shares of the industrial products company's stock worth $533,000 after buying an additional 27 shares during the period. Finally, Total Clarity Wealth Management Inc. increased its position in Caterpillar by 0.6% during the fourth quarter. Total Clarity Wealth Management Inc. now owns 4,373 shares of the industrial products company's stock worth $1,586,000 after buying an additional 27 shares during the period. Institutional investors and hedge funds own 70.98% of the company's stock.

Insider Transactions at Caterpillar

In other Caterpillar news, Director Gerald Johnson purchased 100 shares of Caterpillar stock in a transaction that occurred on Tuesday, February 4th. The stock was purchased at an average price 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 approximately $1,116,085.21. This trade represents a 3.39 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the company's stock in a transaction that occurred 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 in the company, valued at $17,173,226.38. The trade was a 18.12 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.29% of the company's stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Jefferies Financial Group lifted their target price on Caterpillar from $455.00 to $475.00 and gave the company a "buy" rating in a research note on Friday, December 6th. Citigroup lifted their target price on Caterpillar from $420.00 to $430.00 and gave the company a "buy" rating in a research note on Friday, January 31st. DA Davidson lifted their target price on Caterpillar from $350.00 to $357.00 and gave the company a "neutral" rating in a research note on Tuesday, February 4th. Raymond James upgraded Caterpillar from a "market perform" rating to an "outperform" rating in a research note on Monday, February 3rd. Finally, UBS Group upgraded Caterpillar from a "sell" rating to a "neutral" rating and lifted their price target for the company from $355.00 to $385.00 in a research note on Monday, February 3rd. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $383.80.

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Caterpillar Price Performance

CAT stock opened at $339.66 on Wednesday. The stock has a 50-day moving average price of $362.29 and a two-hundred day moving average price of $372.93. Caterpillar Inc. has a 12-month low of $307.05 and a 12-month high of $418.50. The company has a current ratio of 1.42, a quick ratio of 0.89 and a debt-to-equity ratio of 1.40. The company has a market cap of $162.33 billion, a PE ratio of 15.39, a price-to-earnings-growth ratio of 1.87 and a beta of 1.15.

Caterpillar (NYSE:CAT - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The industrial products company reported $5.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.97 by $0.17. Caterpillar had a return on equity of 58.18% and a net margin of 16.65%. As a group, research analysts predict that Caterpillar Inc. will post 19.86 EPS for the current year.

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.

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