RFG Bristol Wealth Advisors LLC Invests $3.31 Million in Caterpillar Inc. (NYSE:CAT)

RFG Bristol Wealth Advisors LLC bought a new position in shares of Caterpillar Inc. (NYSE:CAT - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 9,125 shares of the industrial products company's stock, valued at approximately $3,310,000. Caterpillar accounts for about 1.1% of RFG Bristol Wealth Advisors LLC's investment portfolio, making the stock its 24th largest position.

Other large investors have also modified their holdings of the company. Flagship Wealth Advisors LLC acquired a new position in Caterpillar during the fourth quarter worth about $26,000. Halbert Hargrove Global Advisors LLC acquired a new stake in shares of Caterpillar in the 4th quarter worth approximately $27,000. Cyrus J. Lawrence LLC purchased a new position in Caterpillar in the 4th quarter valued at approximately $27,000. Noble Wealth Management PBC acquired a new position in Caterpillar during the fourth quarter worth $31,000. Finally, Retirement Wealth Solutions LLC acquired a new stake in Caterpillar in the fourth quarter valued at $34,000. 70.98% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Wedbush raised Caterpillar to an "outperform" rating in a research note on Monday, February 3rd. Bank of America cut their target price on shares of Caterpillar from $452.00 to $414.00 and set a "buy" rating for the company in a research report on Friday, January 31st. StockNews.com lowered shares of Caterpillar from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. UBS Group upgraded Caterpillar from a "sell" rating to a "neutral" rating and lifted their price objective for the stock from $355.00 to $385.00 in a research report on Monday, February 3rd. Finally, Citigroup increased their target price on Caterpillar from $420.00 to $430.00 and gave the company a "buy" rating in a report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, eight have given 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 an average target price of $383.80.

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Insider Buying and Selling at Caterpillar

In other news, CFO Andrew R. J. Bonfield sold 10,000 shares of the firm'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 transaction, the chief financial officer now owns 45,182 shares of the company's stock, valued at approximately $17,173,226.38. This trade represents a 18.12 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Jason Kaiser sold 2,425 shares of the company'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 sale, the insider now directly owns 6,275 shares of the company's stock, valued at approximately $2,225,742.50. This trade represents 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 currently owned by corporate insiders.

Caterpillar Trading Down 5.9 %

Caterpillar stock traded down $18.19 during trading on Friday, reaching $287.57. The company had a trading volume of 7,214,330 shares, compared to its average volume of 2,567,844. Caterpillar Inc. has a 12-month low of $281.50 and a 12-month high of $418.50. 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 stock's 50 day moving average price is $346.83 and its two-hundred day moving average price is $371.31. The firm has a market capitalization of $137.44 billion, a price-to-earnings ratio of 13.03, a PEG ratio of 1.87 and a beta of 1.21.

Caterpillar (NYSE:CAT - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The industrial products company reported $5.14 EPS for the quarter, topping the consensus estimate of $4.97 by $0.17. Caterpillar had a return on equity of 58.18% and a net margin of 16.65%. As a group, equities analysts expect that Caterpillar Inc. will post 19.86 earnings per share 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.