Harvest Fund Management Co. Ltd Purchases 1,114 Shares of Caterpillar Inc. (NYSE:CAT)

Harvest Fund Management Co. Ltd increased its holdings in Caterpillar Inc. (NYSE:CAT - Free Report) by 67.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,769 shares of the industrial products company's stock after purchasing an additional 1,114 shares during the quarter. Harvest Fund Management Co. Ltd's holdings in Caterpillar were worth $1,005,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Geode Capital Management LLC increased its stake in shares of Caterpillar by 0.7% in the third quarter. Geode Capital Management LLC now owns 10,213,455 shares of the industrial products company's stock valued at $3,987,206,000 after buying an additional 67,148 shares during the period. Fisher Asset Management LLC increased its position in Caterpillar by 1.4% during the 4th quarter. Fisher Asset Management LLC now owns 9,081,775 shares of the industrial products company's stock valued at $3,294,505,000 after purchasing an additional 129,143 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Caterpillar by 1.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,627,513 shares of the industrial products company's stock worth $1,418,793,000 after purchasing an additional 64,452 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Caterpillar by 1.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,289,101 shares of the industrial products company's stock worth $1,193,154,000 after purchasing an additional 61,723 shares during the period. Finally, Amundi increased its position in shares of Caterpillar by 17.3% during the fourth quarter. Amundi now owns 2,166,087 shares of the industrial products company's stock worth $782,109,000 after buying an additional 318,891 shares during the period. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

Caterpillar Stock Up 1.8 %

Shares of Caterpillar stock traded up $6.05 on Monday, hitting $341.83. The company had a trading volume of 2,277,144 shares, compared to its average volume of 2,448,054. The stock has a market capitalization of $163.37 billion, a price-to-earnings ratio of 15.49, a P/E/G 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. Caterpillar Inc. has a 1 year low of $307.05 and a 1 year high of $418.50. The stock has a 50 day moving average of $358.61 and a 200-day moving average of $372.30.

Caterpillar (NYSE:CAT - Get Free Report) last issued 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 forecast that Caterpillar Inc. will post 19.86 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Jason Kaiser sold 2,425 shares of the business'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 transaction, the insider now directly owns 6,275 shares of the company's stock, valued at approximately $2,225,742.50. The trade was a 27.87 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the firm's stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $380.09, for a total transaction of $3,800,900.00. Following the sale, the chief financial officer now owns 45,182 shares of the company's stock, valued at $17,173,226.38. This trade represents a 18.12 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.29% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on CAT. Evercore ISI upped their price target 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 raised their target price on Caterpillar from $420.00 to $430.00 and gave the stock a "buy" rating in a research note on Friday, January 31st. Raymond James raised Caterpillar from a "market perform" rating to an "outperform" rating in a research note on Monday, February 3rd. Morgan Stanley reduced 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. Finally, Truist Financial cut their target price on shares of Caterpillar from $455.00 to $438.00 and set a "buy" rating on the stock in a research note 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. According to data from MarketBeat, Caterpillar has an average rating of "Hold" and a consensus price target 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.