Caterpillar Inc. (NYSE:CAT) Stake Lowered by Fox Hill Wealth Management

Fox Hill Wealth Management lowered its holdings in Caterpillar Inc. (NYSE:CAT - Free Report) by 82.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,253 shares of the industrial products company's stock after selling 5,820 shares during the period. Fox Hill Wealth Management's holdings in Caterpillar were worth $455,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Flagship Wealth Advisors LLC purchased a new stake in shares of Caterpillar in the fourth quarter valued at $26,000. Halbert Hargrove Global Advisors LLC purchased a new stake in shares of Caterpillar in the fourth quarter valued at $27,000. Noble Wealth Management PBC purchased a new stake in shares of Caterpillar in the fourth quarter valued at $31,000. Retirement Wealth Solutions LLC purchased a new stake in shares of Caterpillar in the fourth quarter valued at $34,000. Finally, Albion Financial Group UT grew its position in shares of Caterpillar by 334.8% in the fourth quarter. Albion Financial Group UT now owns 100 shares of the industrial products company's stock valued at $36,000 after purchasing an additional 77 shares during the period. Hedge funds and other institutional investors own 70.98% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Bank of America lowered their price objective on Caterpillar from $452.00 to $414.00 and set a "buy" rating for the company in a research report on Friday, January 31st. StockNews.com cut Caterpillar from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. Jefferies Financial Group lifted their target price on Caterpillar from $455.00 to $475.00 and gave the company a "buy" rating in a report on Friday, December 6th. Truist Financial reduced their target price on Caterpillar from $455.00 to $438.00 and set a "buy" rating on the stock in a report on Monday, February 3rd. Finally, JPMorgan Chase & Co. reduced their target price on Caterpillar from $515.00 to $490.00 and set an "overweight" rating on the stock in a report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $383.80.

Remove Ads

Insider Activity at Caterpillar

In related news, CFO Andrew R. J. Bonfield sold 10,000 shares of the business's stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $380.09, for a total value of $3,800,900.00. Following the completion of the sale, the chief financial officer now directly owns 45,182 shares of the company's stock, valued at $17,173,226.38. The trade was a 18.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 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 cost of $365.57 per share, with a total value of $36,557.00. Following the completion of the acquisition, the director now owns 3,053 shares of the company's stock, valued at $1,116,085.21. The trade was a 3.39 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.29% of the stock is owned by corporate insiders.

Caterpillar Stock Down 0.2 %

Shares of NYSE:CAT traded down $0.76 during trading on Friday, hitting $335.49. The company's stock had a trading volume of 6,752,336 shares, compared to its average volume of 2,448,743. 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 fifty-two week low of $307.05 and a fifty-two week high of $418.50. The stock's 50-day moving average price is $358.61 and its two-hundred day moving average price is $372.05. The company has a market capitalization of $160.34 billion, a PE ratio of 15.20, a PEG ratio of 1.87 and a beta of 1.15.

Caterpillar (NYSE:CAT - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The industrial products company reported $5.14 earnings per share for the quarter, beating 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%. As a group, sell-side analysts expect that Caterpillar Inc. will post 19.86 EPS 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.