Moment Partners LLC bought a new position in shares of Caterpillar Inc. (NYSE:CAT - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,760 shares of the industrial products company's stock, valued at approximately $638,000.
A number of other large investors also recently modified their holdings of the business. Flagship Wealth Advisors LLC acquired a new stake in Caterpillar in the fourth quarter worth $26,000. Halbert Hargrove Global Advisors LLC bought a new position in shares of Caterpillar during the fourth quarter worth about $27,000. Cyrus J. Lawrence LLC acquired a new stake in shares of Caterpillar in the 4th quarter worth about $27,000. Noble Wealth Management PBC bought a new stake in Caterpillar in the 4th quarter valued at about $31,000. Finally, Retirement Wealth Solutions LLC acquired a new position in Caterpillar during the 4th quarter valued at about $34,000. 70.98% of the stock is currently owned by institutional investors.
Insider Transactions at Caterpillar
In other news, Director Gerald Johnson acquired 100 shares of Caterpillar stock in a transaction that occurred on Tuesday, February 4th. The stock was purchased at an average price of $365.57 per share, with a total value of $36,557.00. Following the completion of the transaction, 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 transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Jason Kaiser sold 2,425 shares of the company's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $354.70, for a total value 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. The trade was a 27.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.29% of the stock is owned by insiders.
Analyst Ratings Changes
CAT has been the topic of a number of recent analyst reports. Jefferies Financial Group boosted their price objective on Caterpillar from $455.00 to $475.00 and gave the stock a "buy" rating in a research report on Friday, December 6th. StockNews.com cut shares of Caterpillar from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. DA Davidson raised 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. Wedbush raised shares of Caterpillar to an "outperform" rating in a research note on Monday, February 3rd. Finally, Bank of America decreased their price target on Caterpillar from $452.00 to $414.00 and set a "buy" rating for the company in a research note on Friday, January 31st. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $383.80.
View Our Latest Analysis on CAT
Caterpillar Trading Down 0.6 %
Shares of CAT stock traded down $1.94 during trading hours on Monday, reaching $327.76. 702,281 shares of the stock traded hands, compared to its average volume of 2,484,978. The business has a fifty day moving average price of $354.99 and a 200 day moving average price of $372.50. Caterpillar Inc. has a 1-year low of $307.05 and a 1-year high of $418.50. The company has a quick ratio of 0.89, a current ratio of 1.42 and a debt-to-equity ratio of 1.40. The firm has a market capitalization of $156.64 billion, a PE ratio of 14.87, a PEG ratio of 1.87 and a beta of 1.15.
Caterpillar (NYSE:CAT - Get Free Report) last released its earnings results on Thursday, January 30th. The industrial products company reported $5.14 earnings per share (EPS) for the quarter, beating 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%. On average, equities research analysts forecast that Caterpillar Inc. will post 19.86 EPS for the current year.
Caterpillar Profile
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Free Report)
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.
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