Caterpillar Inc. (NYSE:CAT) Shares Sold by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co lowered its holdings in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 8.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,617 shares of the industrial products company's stock after selling 3,855 shares during the quarter. Elo Mutual Pension Insurance Co's holdings in Caterpillar were worth $15,460,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Principal Financial Group Inc. lifted its stake in Caterpillar by 0.7% in the 3rd quarter. Principal Financial Group Inc. now owns 729,654 shares of the industrial products company's stock worth $285,382,000 after purchasing an additional 5,371 shares in the last quarter. Loomis Sayles & Co. L P lifted its position in shares of Caterpillar by 120.4% in the third quarter. Loomis Sayles & Co. L P now owns 3,854 shares of the industrial products company's stock worth $1,507,000 after buying an additional 2,105 shares in the last quarter. Qsemble Capital Management LP bought a new position in Caterpillar during the third quarter valued at approximately $1,123,000. Townsquare Capital LLC increased its stake in Caterpillar by 5.1% in the 3rd quarter. Townsquare Capital LLC now owns 27,438 shares of the industrial products company's stock worth $10,732,000 after acquiring an additional 1,338 shares during the last quarter. Finally, Hardy Reed LLC raised its holdings in shares of Caterpillar by 2.8% during the 3rd quarter. Hardy Reed LLC now owns 4,093 shares of the industrial products company's stock worth $1,601,000 after acquiring an additional 112 shares in the last quarter. Institutional investors own 70.98% of the company's stock.

Insider Buying and Selling

In other news, Director Gerald Johnson bought 100 shares of the stock in a transaction on Tuesday, February 4th. The stock was bought at an average cost 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 approximately $1,116,085.21. The trade was a 3.39 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of Caterpillar stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $380.09, for a total transaction of $3,800,900.00. Following the completion of the transaction, 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 currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. DA Davidson increased their price objective on shares of Caterpillar from $350.00 to $357.00 and gave the company a "neutral" rating in a research report on Tuesday, February 4th. Jefferies Financial Group increased their price target on shares of Caterpillar from $455.00 to $475.00 and gave the company a "buy" rating in a report on Friday, December 6th. Raymond James raised Caterpillar from a "market perform" rating to an "outperform" rating in a research note on Monday, February 3rd. Evercore ISI raised their price objective on Caterpillar from $365.00 to $375.00 and gave the company an "in-line" rating in a research note on Wednesday, February 19th. Finally, Bank of America decreased their price target on Caterpillar from $452.00 to $414.00 and set a "buy" rating on the stock in a report on Friday, January 31st. 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's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $383.80.

Caterpillar Stock Down 0.6 %

NYSE CAT traded down $1.94 on Monday, reaching $327.76. 702,281 shares of the stock traded hands, compared to its average volume of 2,484,978. Caterpillar Inc. has a 12 month low of $307.05 and a 12 month high of $418.50. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.89 and a current ratio of 1.42. The company has a fifty day moving average price of $354.99 and a 200-day moving average price of $372.50. The company has a market cap of $156.64 billion, a price-to-earnings ratio of 14.87, a PEG ratio of 1.87 and a beta of 1.15.

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

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.