SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co Buys New Holdings in Caterpillar Inc. (NYSE:CAT)

SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co purchased a new position in shares of Caterpillar Inc. (NYSE:CAT - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,981 shares of the industrial products company's stock, valued at approximately $1,082,000. Caterpillar comprises 1.1% of SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co's holdings, making the stock its 21st biggest holding.

Several other institutional investors and hedge funds have also recently bought and sold shares of CAT. Nordea Investment Management AB grew its holdings in Caterpillar by 1.6% in the 4th quarter. Nordea Investment Management AB now owns 635,750 shares of the industrial products company's stock valued at $231,686,000 after buying an additional 10,212 shares in the last quarter. West Wealth Group LLC acquired a new position in shares of Caterpillar in the fourth quarter valued at about $230,000. Citizens Financial Group Inc. RI increased its position in Caterpillar by 43.0% during the third quarter. Citizens Financial Group Inc. RI now owns 13,902 shares of the industrial products company's stock worth $5,437,000 after acquiring an additional 4,181 shares during the period. Cadinha & Co. LLC acquired a new stake in Caterpillar in the 4th quarter worth about $11,084,000. Finally, Atomi Financial Group Inc. boosted its holdings in Caterpillar by 3.9% in the 4th quarter. Atomi Financial Group Inc. now owns 23,193 shares of the industrial products company's stock valued at $8,414,000 after purchasing an additional 871 shares during the period. Institutional investors own 70.98% of the company's stock.

Wall Street Analysts Forecast Growth

CAT has been the topic of several recent research reports. StockNews.com cut shares of Caterpillar from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. Truist Financial dropped their price objective on Caterpillar from $455.00 to $438.00 and set a "buy" rating for the company in a report on Monday, February 3rd. JPMorgan Chase & Co. reduced their target price on Caterpillar from $515.00 to $490.00 and set an "overweight" rating on the stock in a report on Friday, January 31st. Morgan Stanley dropped their price target on Caterpillar from $330.00 to $300.00 and set an "underweight" rating for the company in a research note on Friday, January 31st. Finally, DA Davidson increased their price objective on shares of Caterpillar from $350.00 to $357.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 4th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $383.80.

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Caterpillar Stock Performance

Shares of Caterpillar stock opened at $339.66 on Wednesday. The stock has a market cap of $162.33 billion, a price-to-earnings ratio of 15.39, a P/E/G ratio of 1.87 and a beta of 1.15. The company has a quick ratio of 0.89, a current ratio of 1.42 and a debt-to-equity ratio of 1.40. Caterpillar Inc. has a twelve month low of $307.05 and a twelve month high of $418.50. The company's fifty day moving average is $362.29 and its 200 day moving average is $372.93.

Caterpillar (NYSE:CAT - Get Free Report) last issued its quarterly earnings data 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%. Sell-side analysts forecast that Caterpillar Inc. will post 19.86 EPS for the current year.

Insiders Place Their Bets

In other news, CFO Andrew R. J. Bonfield sold 10,000 shares of the stock in a transaction dated 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Jason Kaiser sold 2,425 shares of the business's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $354.70, for a total value of $860,147.50. Following the completion of the sale, the insider now directly owns 6,275 shares of the company's stock, valued at $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 currently owned by corporate insiders.

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.

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