Diametric Capital LP Buys Shares of 964 Caterpillar Inc. (NYSE:CAT)

Diametric Capital LP purchased a new stake in shares of Caterpillar Inc. (NYSE:CAT - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 964 shares of the industrial products company's stock, valued at approximately $350,000.

A number of other hedge funds also recently modified their holdings of the business. Flagship Wealth Advisors LLC acquired a new position in Caterpillar during the 4th quarter worth about $26,000. Halbert Hargrove Global Advisors LLC bought a new stake in Caterpillar during the fourth quarter valued at $27,000. Cyrus J. Lawrence LLC acquired a new stake in Caterpillar during the 4th quarter worth about $27,000. Noble Wealth Management PBC bought a new position in shares of Caterpillar in the 4th quarter worth about $31,000. Finally, Retirement Wealth Solutions LLC bought a new stake in shares of Caterpillar during the 4th quarter valued at about $34,000. Institutional investors and hedge funds own 70.98% of the company's stock.

Caterpillar Stock Performance

Shares of NYSE:CAT traded down $18.19 during midday trading on Friday, reaching $287.57. The company had a trading volume of 7,214,330 shares, compared to its average volume of 2,567,844. The stock has a market cap of $137.44 billion, a P/E ratio of 13.03, a P/E/G ratio of 1.87 and a beta of 1.21. The company's 50 day moving average price is $346.83 and its 200 day moving average price is $371.31. 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 52-week low of $281.50 and a 52-week high of $418.50.

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Caterpillar (NYSE:CAT - Get Free Report) last released 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 net margin of 16.65% and a return on equity of 58.18%. As a group, sell-side analysts anticipate that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Jason Kaiser sold 2,425 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $354.70, for a total transaction of $860,147.50. Following the completion of the transaction, the insider now owns 6,275 shares in the company, valued at approximately $2,225,742.50. This represents a 27.87 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gerald Johnson acquired 100 shares of the stock in a transaction that occurred on Tuesday, February 4th. The stock was purchased at an average price of $365.57 per share, for a total transaction of $36,557.00. Following the completion of the purchase, the director now directly owns 3,053 shares in the company, valued at $1,116,085.21. This trade represents a 3.39 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.29% of the company's stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Raymond James raised Caterpillar from a "market perform" rating to an "outperform" rating in a research note on Monday, February 3rd. Truist Financial dropped their price objective on shares of Caterpillar from $455.00 to $438.00 and set a "buy" rating on the stock in a report on Monday, February 3rd. JPMorgan Chase & Co. decreased their price objective on Caterpillar from $515.00 to $490.00 and set an "overweight" rating for the company in a report on Friday, January 31st. Wedbush raised shares of Caterpillar to an "outperform" rating in a research report on Monday, February 3rd. Finally, Bank of America dropped their price target on shares of Caterpillar from $452.00 to $414.00 and set a "buy" rating on the stock in a research report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $383.80.

Caterpillar 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.