Kestra Advisory Services LLC Grows Holdings in Caterpillar Inc. (NYSE:CAT)

Kestra Advisory Services LLC increased its position in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 4.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 163,946 shares of the industrial products company's stock after purchasing an additional 6,479 shares during the period. Kestra Advisory Services LLC's holdings in Caterpillar were worth $59,473,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in CAT. Halbert Hargrove Global Advisors LLC purchased a new position in Caterpillar in the fourth quarter valued at about $27,000. Noble Wealth Management PBC purchased a new position in Caterpillar in the fourth quarter valued at about $31,000. Retirement Wealth Solutions LLC purchased a new position in Caterpillar in the fourth quarter valued at about $34,000. Albion Financial Group UT increased its holdings in Caterpillar by 334.8% in the fourth quarter. Albion Financial Group UT now owns 100 shares of the industrial products company's stock valued at $36,000 after buying an additional 77 shares in the last quarter. Finally, Whipplewood Advisors LLC purchased a new position in Caterpillar in the fourth quarter valued at about $36,000. 70.98% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Caterpillar

In other news, CFO Andrew R. J. Bonfield sold 10,000 shares of the firm's stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $380.09, for a total value of $3,800,900.00. Following the transaction, the chief financial officer now owns 45,182 shares of the company's stock, valued at approximately $17,173,226.38. This trade represents a 18.12 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Jason Kaiser sold 2,425 shares of the firm's stock in a transaction on 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 transaction, the insider now directly owns 6,275 shares in the company, valued at approximately $2,225,742.50. This represents a 27.87 % decrease in their position. The disclosure for this sale can be found here. 0.29% of the stock is owned by company insiders.

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Caterpillar Trading Up 0.6 %

Shares of CAT traded up $1.89 during mid-day trading on Wednesday, reaching $338.60. The company had a trading volume of 2,407,165 shares, compared to its average volume of 2,431,225. The stock has a market cap of $161.83 billion, a price-to-earnings ratio of 15.34, a price-to-earnings-growth ratio of 1.87 and a beta of 1.15. The firm has a fifty day simple moving average of $359.86 and a 200-day simple moving average of $372.46. Caterpillar Inc. has a fifty-two week low of $307.05 and a fifty-two week high of $418.50. The company has a current ratio of 1.42, a quick ratio of 0.89 and a debt-to-equity ratio of 1.40.

Caterpillar (NYSE:CAT - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The industrial products company reported $5.14 earnings per share 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%. On average, sell-side analysts anticipate that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on CAT shares. Morgan Stanley dropped their target price on shares of Caterpillar from $330.00 to $300.00 and set an "underweight" rating for the company in a report on Friday, January 31st. Raymond James raised shares of Caterpillar from a "market perform" rating to an "outperform" rating in a report on Monday, February 3rd. JPMorgan Chase & Co. lowered their price target on shares of Caterpillar from $515.00 to $490.00 and set an "overweight" rating on the stock in a research report on Friday, January 31st. UBS Group upgraded shares of Caterpillar from a "sell" rating to a "neutral" rating and increased their price target for the company from $355.00 to $385.00 in a research report on Monday, February 3rd. Finally, Jefferies Financial Group increased their price target on shares of Caterpillar from $455.00 to $475.00 and gave the company a "buy" rating in a research report on Friday, December 6th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price 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.