Erste Asset Management GmbH Has $38.96 Million Stock Position in Caterpillar Inc. (NYSE:CAT)

Erste Asset Management GmbH lifted its stake in Caterpillar Inc. (NYSE:CAT - Free Report) by 2.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 106,809 shares of the industrial products company's stock after purchasing an additional 3,030 shares during the period. Erste Asset Management GmbH's holdings in Caterpillar were worth $38,959,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. FSM Wealth Advisors LLC grew its stake in shares of Caterpillar by 3.8% in the 4th quarter. FSM Wealth Advisors LLC now owns 688 shares of the industrial products company's stock worth $262,000 after purchasing an additional 25 shares during the last quarter. Allen Capital Group LLC boosted its holdings in shares of Caterpillar by 0.6% in the fourth quarter. Allen Capital Group LLC now owns 4,247 shares of the industrial products company's stock worth $1,541,000 after buying an additional 26 shares during the period. Wagner Wealth Management LLC boosted its holdings in shares of Caterpillar by 4.0% in the fourth quarter. Wagner Wealth Management LLC now owns 668 shares of the industrial products company's stock worth $242,000 after buying an additional 26 shares during the period. Channel Wealth LLC boosted its holdings in shares of Caterpillar by 1.9% in the fourth quarter. Channel Wealth LLC now owns 1,468 shares of the industrial products company's stock worth $533,000 after buying an additional 27 shares during the period. Finally, Total Clarity Wealth Management Inc. boosted its holdings in shares of Caterpillar by 0.6% in the fourth quarter. Total Clarity Wealth Management Inc. now owns 4,373 shares of the industrial products company's stock worth $1,586,000 after buying an additional 27 shares during the period. Institutional investors and hedge funds own 70.98% of the company's stock.

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Insiders Place Their Bets

In other Caterpillar news, Director Gerald Johnson purchased 100 shares of the firm's stock in a transaction on Tuesday, February 4th. The shares were 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 of the company's stock, valued at approximately $1,116,085.21. This represents a 3.39 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jason Kaiser sold 2,425 shares of Caterpillar 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 sale, the insider now owns 6,275 shares in the company, valued at $2,225,742.50. This represents a 27.87 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.29% of the company's stock.

Caterpillar Stock Performance

CAT stock traded down $4.87 on Thursday, reaching $333.26. 2,490,262 shares of the company were exchanged, compared to its average volume of 2,509,553. Caterpillar Inc. has a 12 month low of $307.05 and a 12 month high of $418.50. The stock's fifty day moving average price is $361.27 and its 200 day moving average price is $372.42. The firm has a market capitalization of $159.28 billion, a PE ratio of 15.10, a PEG ratio of 1.87 and a beta of 1.15. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.42 and a quick ratio of 0.89.

Caterpillar (NYSE:CAT - Get Free Report) last announced its 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 net margin of 16.65% and a return on equity of 58.18%. On average, research analysts anticipate that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have commented on CAT. Wedbush upgraded shares of Caterpillar to an "outperform" rating in a report on Monday, February 3rd. Raymond James upgraded shares of Caterpillar from a "market perform" rating to an "outperform" rating in a report on Monday, February 3rd. Citigroup raised their target price on shares of Caterpillar from $420.00 to $430.00 and gave the stock a "buy" rating in a report on Friday, January 31st. UBS Group upgraded shares of Caterpillar from a "sell" rating to a "neutral" rating and raised their price target for the stock from $355.00 to $385.00 in a report on Monday, February 3rd. Finally, DA Davidson raised their price target on shares of Caterpillar from $350.00 to $357.00 and gave the stock a "neutral" rating in a report on Tuesday, February 4th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $383.80.

About Caterpillar

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.