Generali Asset Management SPA SGR Makes New $19.56 Million Investment in Caterpillar Inc. (NYSE:CAT)

Generali Asset Management SPA SGR acquired a new stake in shares of Caterpillar Inc. (NYSE:CAT - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 53,905 shares of the industrial products company's stock, valued at approximately $19,555,000.

Other large investors have also recently added to or reduced their stakes in the company. Nordea Investment Management AB raised its holdings in shares of Caterpillar by 1.6% during the fourth quarter. Nordea Investment Management AB now owns 635,750 shares of the industrial products company's stock worth $231,686,000 after purchasing an additional 10,212 shares during the period. West Wealth Group LLC acquired a new stake in shares of Caterpillar in the 4th quarter worth about $230,000. Citizens Financial Group Inc. RI increased its holdings in shares of Caterpillar by 43.0% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 13,902 shares of the industrial products company's stock worth $5,437,000 after acquiring an additional 4,181 shares during the period. Cadinha & Co. LLC acquired a new position in Caterpillar during the 4th quarter valued at about $11,084,000. Finally, Atomi Financial Group Inc. increased its stake in Caterpillar by 3.9% during the 4th quarter. Atomi Financial Group Inc. now owns 23,193 shares of the industrial products company's stock valued at $8,414,000 after buying an additional 871 shares during the period. 70.98% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Gerald Johnson acquired 100 shares of the company's stock in a transaction 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 acquisition, the director now owns 3,053 shares of the company's stock, valued at $1,116,085.21. This trade represents a 3.39 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 sale, the chief financial officer now directly owns 45,182 shares of the company's stock, 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 owned by corporate insiders.

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Caterpillar Stock Performance

CAT traded down $0.76 during trading on Friday, reaching $335.49. 6,752,336 shares of the company's stock were exchanged, compared to its average volume of 2,447,156. Caterpillar Inc. has a fifty-two week low of $307.05 and a fifty-two week high of $418.50. The company has a quick ratio of 0.89, a current ratio of 1.42 and a debt-to-equity ratio of 1.40. The business has a 50 day moving average price of $358.61 and a 200 day moving average price of $371.83. The company has a market capitalization of $160.34 billion, a P/E ratio of 15.20, a PEG ratio of 1.87 and a beta of 1.15.

Caterpillar (NYSE:CAT - Get Free Report) last posted its quarterly earnings results 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, analysts predict that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on CAT shares. Morgan Stanley lowered their target price on shares of Caterpillar from $330.00 to $300.00 and set an "underweight" rating on the stock in a research note on Friday, January 31st. DA Davidson raised their target price on shares of Caterpillar from $350.00 to $357.00 and gave the company a "neutral" rating in a research note on Tuesday, February 4th. Evercore ISI raised their target price on shares of Caterpillar from $365.00 to $375.00 and gave the company an "in-line" rating in a research note on Wednesday, February 19th. StockNews.com lowered shares of Caterpillar from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Finally, Truist Financial reduced their price objective on shares of Caterpillar from $455.00 to $438.00 and set a "buy" rating for the company in a research report on Monday, February 3rd. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $383.80.

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.