LM Advisors LLC Acquires Shares of 1,286 Caterpillar Inc. (NYSE:CAT)

LM Advisors LLC bought a new position in shares of Caterpillar Inc. (NYSE:CAT - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 1,286 shares of the industrial products company's stock, valued at approximately $467,000.

Other hedge funds have also recently added to or reduced their stakes in the company. FSM Wealth Advisors LLC grew its stake in Caterpillar by 3.8% in the fourth quarter. FSM Wealth Advisors LLC now owns 688 shares of the industrial products company's stock valued at $262,000 after acquiring an additional 25 shares during the period. Allen Capital Group LLC raised its holdings in Caterpillar by 0.6% during the fourth quarter. Allen Capital Group LLC now owns 4,247 shares of the industrial products company's stock worth $1,541,000 after buying an additional 26 shares during the last quarter. Wagner Wealth Management LLC increased its position in shares of Caterpillar by 4.0% during the fourth quarter. Wagner Wealth Management LLC now owns 668 shares of the industrial products company's stock worth $242,000 after acquiring an additional 26 shares in the last quarter. Channel Wealth LLC boosted its stake in Caterpillar by 1.9% during the 4th quarter. Channel Wealth LLC now owns 1,468 shares of the industrial products company's stock valued at $533,000 after purchasing an additional 27 shares during the last quarter. Finally, Total Clarity Wealth Management Inc. raised its stake in shares of Caterpillar by 0.6% in the fourth quarter. Total Clarity Wealth Management Inc. now owns 4,373 shares of the industrial products company's stock worth $1,586,000 after purchasing an additional 27 shares during the last quarter. Institutional investors own 70.98% of the company's stock.

Remove Ads

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Raymond James upgraded Caterpillar from a "market perform" rating to an "outperform" rating in a report on Monday, February 3rd. Morgan Stanley cut their price target on shares of Caterpillar from $330.00 to $300.00 and set an "underweight" rating on the stock in a report on Friday, January 31st. Jefferies Financial Group boosted their target price on Caterpillar from $455.00 to $475.00 and gave the stock a "buy" rating in a research note on Friday, December 6th. Citigroup upped their price objective on Caterpillar from $420.00 to $430.00 and gave the company a "buy" rating in a research note on Friday, January 31st. Finally, DA Davidson boosted their target price on shares of Caterpillar from $350.00 to $357.00 and gave the company a "neutral" rating in a research note on Tuesday, February 4th. Two 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. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $383.80.

Insider Activity

In other news, CFO Andrew R. J. Bonfield sold 10,000 shares of the business's stock in a transaction that occurred 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 completion of the sale, the chief financial officer now directly owns 45,182 shares in the company, valued at approximately $17,173,226.38. The trade was a 18.12 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Gerald Johnson bought 100 shares of the firm's stock in a transaction that occurred on Tuesday, February 4th. The stock was acquired at an average price of $365.57 per share, for a total transaction of $36,557.00. Following the transaction, the director now owns 3,053 shares in the company, valued at $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. Corporate insiders own 0.29% of the company's stock.

Caterpillar Price Performance

Shares of NYSE:CAT traded down $1.72 on Monday, hitting $327.97. The company's stock had a trading volume of 816,631 shares, compared to its average volume of 2,531,861. Caterpillar Inc. has a 1 year low of $307.05 and a 1 year high of $418.50. The company has a market capitalization of $156.75 billion, a PE ratio of 14.87, a PEG ratio of 1.87 and a beta of 1.15. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.42 and a quick ratio of 0.89. The company has a 50-day simple moving average of $354.99 and a 200 day simple moving average of $372.50.

Caterpillar (NYSE:CAT - Get Free Report) last posted 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 net margin of 16.65% and a return on equity of 58.18%. Sell-side analysts forecast that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

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.