denkapparat Operations GmbH Invests $390,000 in Caterpillar Inc. (NYSE:CAT)

denkapparat Operations GmbH purchased a new position in shares of Caterpillar Inc. (NYSE:CAT - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,074 shares of the industrial products company's stock, valued at approximately $390,000.

Other institutional investors have also modified their holdings of the company. Norges Bank acquired a new stake in shares of Caterpillar during the fourth quarter worth about $2,184,364,000. Raymond James Financial Inc. acquired a new position in shares of Caterpillar in the fourth quarter worth $353,231,000. Proficio Capital Partners LLC raised its stake in shares of Caterpillar by 50,072.7% in the fourth quarter. Proficio Capital Partners LLC now owns 804,770 shares of the industrial products company's stock valued at $291,938,000 after acquiring an additional 803,166 shares in the last quarter. Amundi boosted its holdings in Caterpillar by 17.3% in the fourth quarter. Amundi now owns 2,166,087 shares of the industrial products company's stock valued at $782,109,000 after purchasing an additional 318,891 shares during the period. Finally, Vanguard Group Inc. increased its holdings in Caterpillar by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 46,809,540 shares of the industrial products company's stock worth $16,980,629,000 after purchasing an additional 284,366 shares during the period. 70.98% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Jason Kaiser sold 2,425 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $354.70, for a total value of $860,147.50. Following the completion of the transaction, the insider now owns 6,275 shares of the company's stock, valued at approximately $2,225,742.50. This represents a 27.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the company's stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $380.09, for a total transaction of $3,800,900.00. Following the completion of the sale, the chief financial officer now directly owns 45,182 shares in the company, valued at $17,173,226.38. This represents a 18.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.29% of the stock is owned by corporate insiders.

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Analyst Ratings Changes

A number of equities analysts have recently commented on CAT shares. Citigroup boosted their price objective on Caterpillar from $420.00 to $430.00 and gave the stock a "buy" rating in a research report on Friday, January 31st. Evercore ISI boosted their target price 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. Jefferies Financial Group lifted their price target on Caterpillar from $455.00 to $475.00 and gave the stock a "buy" rating in a report on Friday, December 6th. UBS Group upgraded Caterpillar from a "sell" rating to a "neutral" rating and increased their price objective for the company from $355.00 to $385.00 in a report on Monday, February 3rd. Finally, JPMorgan Chase & Co. decreased their target price on Caterpillar from $515.00 to $490.00 and set an "overweight" rating for the company in a research note on Friday, January 31st. Two analysts have rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $383.80.

Caterpillar Trading Up 0.4 %

Shares of CAT traded up $1.17 on Tuesday, hitting $330.97. 734,448 shares of the stock traded hands, compared to its average volume of 2,532,754. Caterpillar Inc. has a 1 year low of $307.05 and a 1 year high of $418.50. The firm has a market capitalization of $158.18 billion, a P/E ratio of 14.98, a P/E/G ratio of 1.87 and a beta of 1.15. The stock's 50 day moving average is $353.87 and its two-hundred day moving average is $372.44. The company has a quick ratio of 0.89, a current ratio of 1.42 and a debt-to-equity ratio of 1.40.

Caterpillar (NYSE:CAT - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The industrial products company reported $5.14 earnings per share (EPS) for the quarter, topping 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, sell-side analysts predict that Caterpillar Inc. will post 19.86 earnings per share for the current year.

Caterpillar Company 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.