Edmond DE Rothschild Holding S.A. Has $884,000 Stock Holdings in Caterpillar Inc. (NYSE:CAT)

Edmond DE Rothschild Holding S.A. trimmed its stake in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 23.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,437 shares of the industrial products company's stock after selling 763 shares during the quarter. Edmond DE Rothschild Holding S.A.'s holdings in Caterpillar were worth $884,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of CAT. Norges Bank bought a new position in Caterpillar during the fourth quarter worth about $2,184,364,000. Raymond James Financial Inc. bought a new position in shares of Caterpillar during the fourth quarter worth approximately $353,231,000. Proficio Capital Partners LLC raised its position 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 buying an additional 803,166 shares in the last quarter. Amundi boosted its stake in shares of 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 buying an additional 318,891 shares during the period. Finally, Vanguard Group Inc. increased its stake 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 acquiring an additional 284,366 shares during the period. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on CAT. DA Davidson increased their target price on Caterpillar from $350.00 to $357.00 and gave the stock a "neutral" rating in a report on Tuesday, February 4th. StockNews.com cut shares of Caterpillar from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Truist Financial reduced their price target on shares of Caterpillar from $455.00 to $438.00 and set a "buy" rating on the stock in a research report on Monday, February 3rd. Morgan Stanley lowered their price objective on shares of Caterpillar from $330.00 to $300.00 and set an "underweight" rating for the company in a research report on Friday, January 31st. Finally, UBS Group raised Caterpillar from a "sell" rating to a "neutral" rating and raised their target price for the company from $355.00 to $385.00 in a report on Monday, February 3rd. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, Caterpillar has an average rating of "Hold" and a consensus price target of $383.80.

Insiders Place Their Bets

In related news, insider Jason Kaiser sold 2,425 shares of Caterpillar stock in a transaction on Tuesday, February 18th. The shares were 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 of the company's stock, valued at $2,225,742.50. This trade represents a 27.87 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 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 sale, the chief financial officer now directly owns 45,182 shares in the company, valued at $17,173,226.38. This trade represents 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.

Caterpillar Trading Down 5.9 %

Shares of NYSE:CAT traded down $18.19 during mid-day trading on Friday, reaching $287.57. 7,214,330 shares of the company's stock were exchanged, compared to its average volume of 2,567,844. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.89 and a current ratio of 1.42. Caterpillar Inc. has a twelve month low of $281.50 and a twelve month high of $418.50. The firm has a market capitalization of $137.44 billion, a price-to-earnings ratio of 13.03, a PEG ratio of 1.87 and a beta of 1.21. The business's fifty day moving average price is $346.83 and its 200-day moving average price is $371.31.

Caterpillar (NYSE:CAT - Get Free Report) last announced its earnings results on Thursday, January 30th. The industrial products company reported $5.14 EPS for the quarter, topping the consensus estimate of $4.97 by $0.17. Caterpillar had a return on equity of 58.18% and a net margin of 16.65%. On average, research analysts predict that Caterpillar Inc. will post 19.86 EPS for the current fiscal 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.