Geode Capital Management LLC Purchases 236,315 Shares of Caterpillar Inc. (NYSE:CAT)

Geode Capital Management LLC increased its holdings in Caterpillar Inc. (NYSE:CAT - Free Report) by 2.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 10,449,770 shares of the industrial products company's stock after buying an additional 236,315 shares during the period. Geode Capital Management LLC owned about 2.16% of Caterpillar worth $3,790,841,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of CAT. FSM Wealth Advisors LLC grew its position in Caterpillar by 3.8% during the 4th quarter. FSM Wealth Advisors LLC now owns 688 shares of the industrial products company's stock worth $262,000 after acquiring an additional 25 shares during the last quarter. Allen Capital Group LLC boosted its stake in 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 purchasing an additional 26 shares in the last quarter. Wagner Wealth Management LLC grew its holdings in shares of Caterpillar by 4.0% during the fourth quarter. Wagner Wealth Management LLC now owns 668 shares of the industrial products company's stock worth $242,000 after purchasing an additional 26 shares during the last quarter. Channel Wealth LLC increased its stake 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 valued at $533,000 after buying an additional 27 shares in the last quarter. Finally, Total Clarity Wealth Management Inc. raised 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 valued at $1,586,000 after buying an additional 27 shares during the last quarter. Institutional investors own 70.98% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Evercore ISI raised their price objective on shares of Caterpillar from $365.00 to $375.00 and gave the company an "in-line" rating in a research report on Wednesday, February 19th. Morgan Stanley dropped 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. UBS Group raised Caterpillar from a "sell" rating to a "neutral" rating and upped their price objective for the stock from $355.00 to $385.00 in a report on Monday, February 3rd. Jefferies Financial Group lifted their target price on Caterpillar from $455.00 to $475.00 and gave the company a "buy" rating in a research note on Friday, December 6th. Finally, DA Davidson boosted their price target on shares of Caterpillar from $350.00 to $357.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 4th. Two investment 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.com, Caterpillar currently has an average rating of "Hold" and an average price target of $383.80.

Insider Transactions at Caterpillar

In other Caterpillar news, Director Gerald Johnson purchased 100 shares of the business's stock in a transaction on Tuesday, February 4th. The shares were purchased at an average cost of $365.57 per share, with a total value of $36,557.00. Following the transaction, the director now directly owns 3,053 shares of the company's stock, valued at $1,116,085.21. This represents a 3.39 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jason Kaiser sold 2,425 shares of the firm's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $354.70, for a total value 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. The trade was a 27.87 % decrease in their position. The disclosure for this sale can be found here. 0.29% of the stock is currently owned by insiders.

Caterpillar Stock Down 5.9 %

CAT stock traded down $18.19 during trading hours on Friday, reaching $287.57. 7,214,330 shares of the stock were exchanged, compared to its average volume of 2,567,844. The company has a market cap 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 firm's 50-day moving average is $346.83 and its 200-day moving average is $371.31. Caterpillar Inc. has a 12 month low of $281.50 and a 12 month high of $418.50. 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, beating analysts' consensus estimates of $4.97 by $0.17. Caterpillar had a return on equity of 58.18% and a net margin of 16.65%. On average, equities research analysts expect that Caterpillar Inc. will post 19.86 earnings per share 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.