CoreFirst Bank & Trust purchased a new stake in shares of Caterpillar Inc. (NYSE:CAT - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,236 shares of the industrial products company's stock, valued at approximately $448,000.
Several other hedge funds have also made changes to their positions in the company. Flagship Wealth Advisors LLC purchased a new stake in shares of Caterpillar during the 4th quarter worth about $26,000. Halbert Hargrove Global Advisors LLC bought a new stake in Caterpillar in the fourth quarter worth $27,000. Cyrus J. Lawrence LLC bought a new position in Caterpillar during the fourth quarter valued at about $27,000. Noble Wealth Management PBC bought a new stake in shares of Caterpillar during the 4th quarter worth about $31,000. Finally, Retirement Wealth Solutions LLC acquired a new stake in Caterpillar in the 4th quarter worth approximately $34,000. Hedge funds and other institutional investors own 70.98% of the company's stock.
Caterpillar Price Performance
NYSE CAT traded down $9.65 during trading hours on Friday, reaching $329.65. 1,965,220 shares of the company's stock were exchanged, compared to its average volume of 2,538,598. The firm has a fifty day moving average of $354.99 and a 200-day moving average of $372.24. The company has a current ratio of 1.42, a quick ratio of 0.89 and a debt-to-equity ratio of 1.40. Caterpillar Inc. has a one year low of $307.05 and a one year high of $418.50. The stock has a market cap of $157.55 billion, a PE ratio of 14.94, a price-to-earnings-growth ratio of 1.87 and a beta of 1.15.
Caterpillar (NYSE:CAT - Get Free Report) last announced its earnings results on Thursday, January 30th. The industrial products company reported $5.14 earnings per share 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%. On average, equities research analysts predict that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal year.
Insiders Place Their Bets
In related news, CFO Andrew R. J. Bonfield sold 10,000 shares of the company's stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $380.09, for a total value 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Jason Kaiser sold 2,425 shares of the company's stock in a transaction dated 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 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 ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.29% of the company's stock.
Analyst Ratings Changes
Several research analysts recently commented on CAT shares. Bank of America dropped their target price on shares of Caterpillar from $452.00 to $414.00 and set a "buy" rating on the stock in a report on Friday, January 31st. Morgan Stanley reduced their price objective on Caterpillar from $330.00 to $300.00 and set an "underweight" rating for the company in a research report on Friday, January 31st. Evercore ISI raised their price target on shares of Caterpillar from $365.00 to $375.00 and gave the stock an "in-line" rating in a research report on Wednesday, February 19th. Citigroup lifted their target price on Caterpillar from $420.00 to $430.00 and gave the stock a "buy" rating in a research report on Friday, January 31st. Finally, Jefferies Financial Group lifted their price objective on Caterpillar from $455.00 to $475.00 and gave the stock a "buy" rating in a report on Friday, December 6th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $383.80.
View Our Latest Analysis on Caterpillar
Caterpillar Profile
(
Free Report)
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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