Caterpillar Inc. (NYSE:CAT) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC boosted its position in Caterpillar Inc. (NYSE:CAT - Free Report) by 2.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,449,770 shares of the industrial products company's stock after acquiring an additional 236,315 shares during the quarter. Geode Capital Management LLC owned 2.16% of Caterpillar worth $3,790,841,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the company. Flagship Wealth Advisors LLC purchased a new position in Caterpillar in the fourth quarter valued at $26,000. Halbert Hargrove Global Advisors LLC purchased a new position in shares of Caterpillar in the 4th quarter valued at about $27,000. Cyrus J. Lawrence LLC acquired a new stake in shares of Caterpillar during the 4th quarter worth about $27,000. Noble Wealth Management PBC purchased a new stake in Caterpillar during the fourth quarter worth approximately $31,000. Finally, Retirement Wealth Solutions LLC acquired a new position in Caterpillar in the fourth quarter valued at approximately $34,000. Hedge funds and other institutional investors own 70.98% of the company's stock.

Insider Activity

In other news, CFO Andrew R. J. Bonfield sold 10,000 shares of the company's stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $380.09, for a total transaction of $3,800,900.00. Following the transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is available 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 transaction of $860,147.50. Following the completion of the sale, the insider now owns 6,275 shares of the company's stock, valued at $2,225,742.50. This trade represents a 27.87 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.29% of the company's stock.

Remove Ads

Caterpillar Stock Performance

CAT traded down $28.91 during trading on Thursday, hitting $305.75. The stock had a trading volume of 4,634,646 shares, compared to its average volume of 2,547,331. Caterpillar Inc. has a twelve month low of $303.30 and a twelve month high of $418.50. The firm has a market capitalization of $146.13 billion, a P/E ratio of 13.85, a PEG ratio of 1.87 and a beta of 1.15. 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's 50-day moving average price is $351.26 and its 200 day moving average price is $372.07.

Caterpillar (NYSE:CAT - Get Free Report) last issued its quarterly 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, equities research analysts forecast that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. DA Davidson raised their price objective on shares of Caterpillar from $350.00 to $357.00 and gave the stock a "neutral" rating in a report on Tuesday, February 4th. Citigroup lifted their price target on shares of Caterpillar from $420.00 to $430.00 and gave the stock a "buy" rating in a research note on Friday, January 31st. Morgan Stanley decreased their price objective on shares of Caterpillar from $330.00 to $300.00 and set an "underweight" rating for the company in a research note on Friday, January 31st. Raymond James upgraded Caterpillar from a "market perform" rating to an "outperform" rating in a research report on Monday, February 3rd. Finally, UBS Group raised Caterpillar from a "sell" rating to a "neutral" rating and upped their target price for the company from $355.00 to $385.00 in a research report on Monday, February 3rd. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $383.80.

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.