Intellus Advisors LLC Makes New Investment in Caterpillar Inc. (NYSE:CAT)

Intellus Advisors LLC purchased a new position in Caterpillar Inc. (NYSE:CAT - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 1,246 shares of the industrial products company's stock, valued at approximately $452,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Raymond James Financial Inc. purchased a new position in shares of Caterpillar in the fourth quarter worth approximately $353,231,000. Proficio Capital Partners LLC boosted its stake in shares of Caterpillar by 50,072.7% during the 4th quarter. Proficio Capital Partners LLC now owns 804,770 shares of the industrial products company's stock worth $291,938,000 after acquiring an additional 803,166 shares during the last quarter. Amundi grew its position in shares of Caterpillar by 17.3% during the 4th quarter. Amundi now owns 2,166,087 shares of the industrial products company's stock valued at $782,109,000 after acquiring an additional 318,891 shares during the period. Zurich Insurance Group Ltd FI increased its stake in shares of Caterpillar by 4,018.6% in the 3rd quarter. Zurich Insurance Group Ltd FI now owns 255,355 shares of the industrial products company's stock worth $99,874,000 after purchasing an additional 249,155 shares in the last quarter. Finally, Strategic Financial Concepts LLC raised its holdings in Caterpillar by 36,168.5% in the 4th quarter. Strategic Financial Concepts LLC now owns 227,041 shares of the industrial products company's stock worth $82,361,000 after purchasing an additional 226,415 shares during the period. 70.98% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

A number of analysts have commented on the company. Truist Financial reduced their price target on Caterpillar from $455.00 to $438.00 and set a "buy" rating for the company in a research report on Monday, February 3rd. Wedbush raised shares of Caterpillar to an "outperform" rating in a report on Monday, February 3rd. Bank of America lowered their price target 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. StockNews.com lowered Caterpillar from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Finally, Raymond James raised shares of Caterpillar from a "market perform" rating to an "outperform" rating in a 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 assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $383.80.

Insider Buying and Selling at Caterpillar

In other Caterpillar news, Director Gerald Johnson purchased 100 shares of Caterpillar stock in a transaction dated Tuesday, February 4th. The shares were purchased at an average cost of $365.57 per share, for a total transaction of $36,557.00. Following the completion of the acquisition, the director now owns 3,053 shares in the company, valued at $1,116,085.21. This represents a 3.39 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Jason Kaiser sold 2,425 shares of the business's stock in a transaction on 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 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 disclosure for this sale can be found here. Company insiders own 0.29% of the company's stock.

Caterpillar Trading Up 0.6 %

CAT traded up $1.91 on Tuesday, hitting $343.58. The company had a trading volume of 580,973 shares, compared to its average volume of 2,539,064. The business's fifty day simple moving average is $358.19 and its 200 day simple moving average is $372.36. The company has a quick ratio of 0.89, a current ratio of 1.42 and a debt-to-equity ratio of 1.40. Caterpillar Inc. has a 12-month low of $307.05 and a 12-month high of $418.50. The company has a market cap of $164.21 billion, a PE ratio of 15.57, a PEG ratio of 1.87 and a beta of 1.15.

Caterpillar (NYSE:CAT - Get Free Report) last announced its earnings results on Thursday, January 30th. The industrial products company reported $5.14 EPS for the quarter, topping 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%. Equities research analysts expect that Caterpillar Inc. will post 19.86 EPS for the current year.

About Caterpillar

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.