23,476 Shares in Caterpillar Inc. (NYSE:CAT) Bought by Madison Investment Advisors LLC

Madison Investment Advisors LLC acquired a new position in shares of Caterpillar Inc. (NYSE:CAT - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 23,476 shares of the industrial products company's stock, valued at approximately $8,516,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Halbert Hargrove Global Advisors 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 shares of Caterpillar in the fourth quarter valued at approximately $31,000. Retirement Wealth Solutions LLC acquired a new stake in Caterpillar during the 4th quarter worth approximately $34,000. Albion Financial Group UT boosted its stake in 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 purchasing an additional 77 shares during the period. Finally, Whipplewood Advisors LLC acquired a new position in Caterpillar in the 4th quarter valued at $36,000. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Caterpillar

In related news, insider Jason Kaiser sold 2,425 shares of the firm's stock in a transaction on Tuesday, February 18th. The stock was 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 of the company's stock, valued at $2,225,742.50. This trade represents a 27.87 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $380.09, for a total transaction of $3,800,900.00. Following the sale, the chief financial officer now directly owns 45,182 shares of the company's stock, valued at $17,173,226.38. This represents a 18.12 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.29% of the company's stock.

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Caterpillar Price Performance

Shares of Caterpillar stock traded down $5.97 during midday trading on Tuesday, hitting $336.67. 3,309,912 shares of the company traded hands, compared to its average volume of 2,432,175. The stock has a market cap of $160.90 billion, a price-to-earnings ratio of 15.25, a PEG ratio of 1.87 and a beta of 1.15. 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 firm's fifty day moving average price is $360.39 and its 200-day moving average price is $372.60. Caterpillar Inc. has a 12 month low of $307.05 and a 12 month high of $418.50.

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 (EPS) for the quarter, topping 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%. As a group, sell-side analysts forecast that Caterpillar Inc. will post 19.86 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently commented on CAT shares. UBS Group upgraded shares of Caterpillar from a "sell" rating to a "neutral" rating and upped their price target for the company from $355.00 to $385.00 in a research note on Monday, February 3rd. Wedbush raised shares of Caterpillar to an "outperform" rating in a report on Monday, February 3rd. DA Davidson boosted their price target on Caterpillar from $350.00 to $357.00 and gave the company a "neutral" rating in a research note on Tuesday, February 4th. StockNews.com lowered Caterpillar from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Finally, JPMorgan Chase & Co. cut their target price on Caterpillar from $515.00 to $490.00 and set an "overweight" rating for the company in a research report on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $383.80.

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.