ICW Investment Advisors LLC Buys Shares of 1,148 Caterpillar Inc. (NYSE:CAT)

ICW Investment Advisors LLC purchased a new position in Caterpillar Inc. (NYSE:CAT - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,148 shares of the industrial products company's stock, valued at approximately $417,000.

Several other large investors also recently made changes to their positions in CAT. Flagship Wealth Advisors LLC acquired a new stake in shares of Caterpillar in the fourth quarter valued at about $26,000. Halbert Hargrove Global Advisors LLC acquired a new stake in shares of Caterpillar during the fourth quarter worth $27,000. Cyrus J. Lawrence LLC bought a new position in Caterpillar in the 4th quarter valued at about $27,000. Noble Wealth Management PBC acquired a new position in Caterpillar during the fourth quarter valued at approximately $31,000. Finally, Retirement Wealth Solutions LLC acquired a new position in Caterpillar in the 4th quarter worth about $34,000. Institutional investors own 70.98% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CAT. Truist Financial decreased their price target on 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 price objective on Caterpillar from $365.00 to $375.00 and gave the company an "in-line" rating in a research note on Wednesday, February 19th. Morgan Stanley lowered their price target on Caterpillar from $330.00 to $300.00 and set an "underweight" rating for the company in a research report on Friday, January 31st. Raymond James upgraded Caterpillar from a "market perform" rating to an "outperform" rating in a research note on Monday, February 3rd. Finally, UBS Group raised shares of Caterpillar from a "sell" rating to a "neutral" rating and lifted their price objective for the stock from $355.00 to $385.00 in a research report on Monday, February 3rd. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $383.80.

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Caterpillar Stock Down 0.6 %

NYSE:CAT traded down $1.91 during mid-day trading on Wednesday, hitting $340.71. 943,170 shares of the company's stock traded hands, compared to its average volume of 2,440,702. Caterpillar Inc. has a twelve month low of $307.05 and a twelve month high of $418.50. 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 has a market capitalization of $162.84 billion, a P/E ratio of 15.43, a P/E/G ratio of 1.87 and a beta of 1.15. The company has a fifty day moving average of $357.63 and a 200 day moving average of $372.46.

Caterpillar (NYSE:CAT - Get Free Report) last released its quarterly earnings data 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%. On average, analysts forecast that Caterpillar Inc. will post 19.86 EPS for the current year.

Insider Buying and Selling

In other news, Director Gerald Johnson bought 100 shares of the stock in a transaction that occurred on Tuesday, February 4th. The stock was bought at an average cost of $365.57 per share, for a total transaction of $36,557.00. Following the acquisition, the director now directly owns 3,053 shares of the company's stock, valued at $1,116,085.21. The trade was a 3.39 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Jason Kaiser sold 2,425 shares of the company's stock in a transaction on 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 position. The disclosure for this sale can be found here. Insiders own 0.29% of the company's stock.

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.