Delta Asset Management LLC TN lessened its holdings in Caterpillar Inc. (NYSE:CAT - Free Report) by 1.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 59,734 shares of the industrial products company's stock after selling 912 shares during the quarter. Caterpillar makes up approximately 1.9% of Delta Asset Management LLC TN's holdings, making the stock its 16th biggest holding. Delta Asset Management LLC TN's holdings in Caterpillar were worth $21,669,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of CAT. Flagship Wealth Advisors LLC acquired a new position 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 valued at approximately $27,000. Cyrus J. Lawrence LLC acquired a new stake in Caterpillar in the fourth quarter worth $27,000. Noble Wealth Management PBC acquired a new position in shares of Caterpillar in the 4th quarter valued at $31,000. Finally, Retirement Wealth Solutions LLC bought a new stake in shares of Caterpillar in the 4th quarter valued at $34,000. 70.98% of the stock is owned by institutional investors.
Caterpillar Stock Performance
Shares of CAT traded down $1.63 during mid-day trading on Monday, hitting $328.06. 816,631 shares of the company's stock were exchanged, compared to its average volume of 2,487,188. The company has a quick ratio of 0.89, a current ratio of 1.42 and a debt-to-equity ratio of 1.40. The firm has a market cap of $156.79 billion, a price-to-earnings ratio of 14.87, a price-to-earnings-growth ratio of 1.87 and a beta of 1.15. The stock's 50-day simple moving average is $354.99 and its 200-day simple moving average is $372.50. Caterpillar Inc. has a 52 week low of $307.05 and a 52 week high of $418.50.
Caterpillar (NYSE:CAT - Get Free Report) last announced its quarterly earnings data 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 net margin of 16.65% and a return on equity of 58.18%. On average, equities research analysts expect that Caterpillar Inc. will post 19.86 EPS for the current year.
Wall Street Analysts Forecast Growth
Several equities analysts have recently weighed in on the company. Jefferies Financial Group lifted their price objective on Caterpillar from $455.00 to $475.00 and gave the company a "buy" rating in a report on Friday, December 6th. Bank of America dropped their price objective 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. Citigroup upped their target price on shares of Caterpillar from $420.00 to $430.00 and gave the stock a "buy" rating in a research note on Friday, January 31st. Wedbush upgraded Caterpillar to an "outperform" rating in a report on Monday, February 3rd. Finally, Evercore ISI increased their price objective on Caterpillar from $365.00 to $375.00 and gave the stock an "in-line" rating in a report on Wednesday, February 19th. 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 company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $383.80.
Get Our Latest Stock Analysis on CAT
Insider Buying and Selling
In other news, insider Jason Kaiser sold 2,425 shares of the business's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $354.70, for a total transaction of $860,147.50. Following the sale, the insider now directly owns 6,275 shares in the company, valued at approximately $2,225,742.50. The trade was a 27.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Gerald Johnson acquired 100 shares of the company's stock in a transaction that occurred on Tuesday, February 4th. The stock was acquired at an average price of $365.57 per share, with a total value of $36,557.00. Following the acquisition, the director now owns 3,053 shares in the company, valued at $1,116,085.21. The trade was a 3.39 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.29% of the stock is owned by corporate insiders.
About Caterpillar
(
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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