Caterpillar Inc. (NYSE:CAT) Shares Sold by Groupama Asset Managment

Groupama Asset Managment trimmed its holdings in Caterpillar Inc. (NYSE:CAT - Free Report) by 5.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 20,391 shares of the industrial products company's stock after selling 1,150 shares during the quarter. Groupama Asset Managment's holdings in Caterpillar were worth $7,402,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Principal Financial Group Inc. grew its holdings in shares of Caterpillar by 0.7% in the third quarter. Principal Financial Group Inc. now owns 729,654 shares of the industrial products company's stock worth $285,382,000 after purchasing an additional 5,371 shares during the last quarter. Kestra Investment Management LLC bought a new position in Caterpillar in the 3rd quarter worth about $393,000. Benjamin Edwards Inc. increased its position in shares of Caterpillar by 976.0% during the third quarter. Benjamin Edwards Inc. now owns 31,796 shares of the industrial products company's stock worth $12,441,000 after acquiring an additional 28,841 shares during the period. Ascent Group LLC raised its stake in shares of Caterpillar by 19.4% during the third quarter. Ascent Group LLC now owns 1,138 shares of the industrial products company's stock valued at $445,000 after acquiring an additional 185 shares in the last quarter. Finally, Hilltop Holdings Inc. boosted its holdings in shares of Caterpillar by 38.8% in the third quarter. Hilltop Holdings Inc. now owns 3,982 shares of the industrial products company's stock valued at $1,557,000 after purchasing an additional 1,113 shares during the period. 70.98% of the stock is owned by institutional investors.

Caterpillar Stock Down 5.9 %

Shares of CAT traded down $18.19 during mid-day trading on Friday, hitting $287.57. 7,214,330 shares of the company traded hands, compared to its average volume of 2,567,844. The company has a market capitalization of $137.44 billion, a PE ratio of 13.03, a price-to-earnings-growth ratio of 1.87 and a beta of 1.21. 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 of $346.83 and a 200 day moving average of $371.31. Caterpillar Inc. has a 1-year low of $281.50 and a 1-year high of $418.50.

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, beating 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%. Equities research analysts anticipate that Caterpillar Inc. will post 19.86 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Morgan Stanley decreased their target price on Caterpillar from $330.00 to $300.00 and set an "underweight" rating for the company in a research report on Friday, January 31st. Truist Financial lowered their price objective on shares of Caterpillar from $455.00 to $438.00 and set a "buy" rating for the company in a research note on Monday, February 3rd. 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 report on Wednesday, February 19th. Citigroup upped their price target on shares of Caterpillar from $420.00 to $430.00 and gave the stock a "buy" rating in a research report on Friday, January 31st. Finally, Bank of America cut their price objective on shares of Caterpillar from $452.00 to $414.00 and set a "buy" rating on the stock in a report on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $383.80.

Insider Buying and Selling

In other Caterpillar news, Director Gerald Johnson bought 100 shares of Caterpillar stock in a transaction that occurred on Tuesday, February 4th. The stock was purchased at an average price of $365.57 per share, with a total value of $36,557.00. Following the completion of the acquisition, the director now directly owns 3,053 shares in the company, valued at approximately $1,116,085.21. This trade represents a 3.39 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jason Kaiser sold 2,425 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $354.70, for a total value of $860,147.50. Following the sale, the insider now directly owns 6,275 shares in the company, valued at $2,225,742.50. This represents a 27.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.29% of the stock is currently owned by company insiders.

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.