Lbp Am Sa Sells 26,232 Shares of Caterpillar Inc. (NYSE:CAT)

LBP AM SA decreased its holdings in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 78.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 7,188 shares of the industrial products company's stock after selling 26,232 shares during the period. LBP AM SA's holdings in Caterpillar were worth $2,608,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Halbert Hargrove Global Advisors LLC bought a new stake in shares of Caterpillar during the 4th quarter valued at $27,000. Noble Wealth Management PBC bought a new stake in shares of Caterpillar in the 4th quarter valued at $31,000. Retirement Wealth Solutions LLC bought a new stake in shares of Caterpillar in the 4th quarter valued at $34,000. Albion Financial Group UT increased its position in shares of Caterpillar by 334.8% in the 4th 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 bought a new stake in shares of Caterpillar in the 4th quarter valued at $36,000. Institutional investors own 70.98% of the company's stock.

Insider Activity at Caterpillar

In related news, CFO Andrew R. J. Bonfield sold 10,000 shares of the firm's stock in a transaction dated 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 completion of the sale, the chief financial officer now directly owns 45,182 shares in the company, valued at approximately $17,173,226.38. This trade represents a 18.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Gerald Johnson purchased 100 shares of the stock in a transaction 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 completion of the acquisition, the director now owns 3,053 shares in the company, valued at approximately $1,116,085.21. This trade represents a 3.39 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.29% of the stock is currently owned by company insiders.

Remove Ads

Wall Street Analysts Forecast Growth

A number of analysts recently commented on CAT shares. StockNews.com cut shares of Caterpillar from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Jefferies Financial Group upped their price objective 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. Wedbush upgraded Caterpillar to an "outperform" rating in a report on Monday, February 3rd. Bank of America lowered their target price on Caterpillar from $452.00 to $414.00 and set a "buy" rating for the company in a report on Friday, January 31st. Finally, JPMorgan Chase & Co. lowered their target price on Caterpillar from $515.00 to $490.00 and set an "overweight" rating for the company in a report on Friday, January 31st. Two analysts have rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $383.80.

Caterpillar Stock Down 0.7 %

Shares of Caterpillar stock traded down $2.53 during trading hours on Thursday, reaching $336.09. 2,666,865 shares of the company's stock were exchanged, compared to its average volume of 2,432,654. The company has a 50 day moving average of $359.41 and a two-hundred day moving average of $372.23. 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. The stock has a market cap of $160.63 billion, a P/E ratio of 15.23, a P/E/G ratio of 1.87 and a beta of 1.15.

Caterpillar (NYSE:CAT - Get Free Report) last issued its earnings results on Thursday, January 30th. The industrial products company reported $5.14 earnings per share (EPS) for the quarter, beating the consensus estimate 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 forecast that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

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.