Sei Investments Co. Sells 16,458 Shares of Caterpillar Inc. (NYSE:CAT)

Sei Investments Co. trimmed its stake in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 13.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 103,191 shares of the industrial products company's stock after selling 16,458 shares during the quarter. Sei Investments Co.'s holdings in Caterpillar were worth $37,436,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Caterpillar Trading Up 1.8 %

Shares of Caterpillar stock opened at $341.83 on Tuesday. The company has a market capitalization of $163.37 billion, a P/E ratio of 15.49, a price-to-earnings-growth ratio of 1.87 and a beta of 1.15. The stock has a fifty day simple moving average of $358.19 and a 200 day simple moving average of $372.36. Caterpillar Inc. has a 12-month low of $307.05 and a 12-month high of $418.50. The company has a current ratio of 1.42, a quick ratio of 0.89 and a debt-to-equity ratio of 1.40.

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Caterpillar (NYSE:CAT - Get Free Report) last announced its earnings results on Thursday, January 30th. The industrial products company reported $5.14 EPS 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%. On average, sell-side analysts anticipate that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Gerald Johnson acquired 100 shares of the stock in a transaction on Tuesday, February 4th. The shares were acquired 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. The trade was a 3.39 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 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 transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.29% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on CAT shares. StockNews.com cut Caterpillar from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Wedbush upgraded shares of Caterpillar to an "outperform" rating in a research note on Monday, February 3rd. JPMorgan Chase & Co. reduced their price target on shares of Caterpillar from $515.00 to $490.00 and set an "overweight" rating for the company in a report on Friday, January 31st. Bank of America dropped their price objective on shares of Caterpillar from $452.00 to $414.00 and set a "buy" rating on the stock in a report on Friday, January 31st. Finally, DA Davidson boosted their target price on Caterpillar from $350.00 to $357.00 and gave the company a "neutral" rating in a research report on Tuesday, February 4th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat, Caterpillar currently has an average rating of "Hold" and an average price target of $383.80.

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.

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