OneAscent Financial Services LLC Has $4.34 Million Position in Caterpillar Inc. (NYSE:CAT)

OneAscent Financial Services LLC boosted its stake in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 7.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,976 shares of the industrial products company's stock after buying an additional 805 shares during the quarter. OneAscent Financial Services LLC's holdings in Caterpillar were worth $4,344,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank bought a new stake in Caterpillar in the fourth quarter valued at $2,184,364,000. Raymond James Financial Inc. purchased a new stake in shares of Caterpillar in the fourth quarter worth $353,231,000. Proficio Capital Partners LLC lifted its stake in shares of Caterpillar by 50,072.7% in the fourth quarter. Proficio Capital Partners LLC now owns 804,770 shares of the industrial products company's stock worth $291,938,000 after buying an additional 803,166 shares in the last quarter. Amundi increased its holdings in shares of Caterpillar by 17.3% in the 4th quarter. Amundi now owns 2,166,087 shares of the industrial products company's stock worth $782,109,000 after purchasing an additional 318,891 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of Caterpillar by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 46,809,540 shares of the industrial products company's stock valued at $16,980,629,000 after purchasing an additional 284,366 shares during the last quarter. Institutional investors own 70.98% of the company's stock.

Caterpillar Stock Performance

NYSE CAT traded down $12.56 on Monday, hitting $275.52. 3,570,780 shares of the company's stock were exchanged, compared to its average volume of 2,572,244. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.42 and a quick ratio of 0.89. Caterpillar Inc. has a fifty-two week low of $268.29 and a fifty-two week high of $418.50. The firm has a market cap of $131.68 billion, a price-to-earnings ratio of 12.48, a P/E/G ratio of 1.87 and a beta of 1.21. The firm's 50-day moving average price is $346.83 and its two-hundred day moving average price is $371.43.

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

Insider Activity at Caterpillar

In other news, Director Gerald Johnson bought 100 shares of the company's stock in a transaction that occurred on Tuesday, February 4th. The shares were purchased at an average price of $365.57 per share, with a total value of $36,557.00. Following the completion of the acquisition, the director now directly 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the company'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 completion of the transaction, the chief financial officer now directly owns 45,182 shares in the company, valued at $17,173,226.38. This represents a 18.12 % decrease in their position. The disclosure for this sale can be found here. 0.29% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have recently commented on CAT shares. Morgan Stanley decreased their price objective on Caterpillar from $330.00 to $300.00 and set an "underweight" rating on the stock in a research note on Friday, January 31st. JPMorgan Chase & Co. lowered their price objective on shares of Caterpillar from $515.00 to $490.00 and set an "overweight" rating for the company in a research report on Friday, January 31st. Citigroup lifted their price target on shares of Caterpillar from $420.00 to $430.00 and gave the stock a "buy" rating in a research note on Friday, January 31st. Truist Financial reduced their target price on shares of Caterpillar from $455.00 to $438.00 and set a "buy" rating on the stock in a research report on Monday, February 3rd. Finally, Raymond James raised Caterpillar from a "market perform" rating to an "outperform" rating in a research report on Monday, February 3rd. Two investment analysts have rated the stock with a sell rating, eight have issued 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 a consensus target price of $383.80.

About Caterpillar

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.