Sienna Gestion Acquires 28,947 Shares of Caterpillar Inc. (NYSE:CAT)

Sienna Gestion lifted its position in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 1,174.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 31,411 shares of the industrial products company's stock after purchasing an additional 28,947 shares during the quarter. Sienna Gestion's holdings in Caterpillar were worth $11,393,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of CAT. Halbert Hargrove Global Advisors LLC acquired a new stake in shares of Caterpillar during the 4th quarter worth approximately $27,000. Noble Wealth Management PBC acquired a new stake in shares of Caterpillar during the 4th quarter worth approximately $31,000. Retirement Wealth Solutions LLC acquired a new stake in shares of Caterpillar during the 4th quarter worth approximately $34,000. Albion Financial Group UT boosted its stake in Caterpillar by 334.8% in the fourth quarter. Albion Financial Group UT now owns 100 shares of the industrial products company's stock worth $36,000 after purchasing an additional 77 shares in the last quarter. Finally, Whipplewood Advisors LLC acquired a new position in Caterpillar in the fourth quarter worth $36,000. Institutional investors and hedge funds own 70.98% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Citigroup boosted their target price on Caterpillar from $420.00 to $430.00 and gave the stock a "buy" rating in a research report on Friday, January 31st. Bank of America cut their price target on Caterpillar from $452.00 to $414.00 and set a "buy" rating on the stock in a research note on Friday, January 31st. JPMorgan Chase & Co. cut their price target on Caterpillar from $515.00 to $490.00 and set an "overweight" rating on the stock in a research note on Friday, January 31st. DA Davidson increased their price objective on shares of Caterpillar from $350.00 to $357.00 and gave the company a "neutral" rating in a report on Tuesday, February 4th. Finally, Raymond James upgraded shares of Caterpillar from a "market perform" rating to an "outperform" rating in a report on Monday, February 3rd. Two 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. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $383.80.

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Insider Buying and Selling

In related news, Director Gerald Johnson acquired 100 shares of the company's stock in a transaction that occurred on Tuesday, February 4th. The shares were acquired at an average cost of $365.57 per share, for a total transaction 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. The trade was a 3.39 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Jason Kaiser sold 2,425 shares of the firm'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 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 currently owned by company insiders.

Caterpillar Trading Down 1.7 %

CAT traded down $5.97 during mid-day trading on Tuesday, hitting $336.67. The stock had a trading volume of 3,309,912 shares, compared to its average volume of 2,432,176. The stock's fifty day simple moving average is $360.39 and its 200-day simple moving average is $372.60. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.42 and a quick ratio of 0.89. The firm has a market capitalization of $160.90 billion, a price-to-earnings ratio of 15.25, a price-to-earnings-growth ratio of 1.87 and a beta of 1.15. Caterpillar Inc. has a 1-year low of $307.05 and a 1-year high of $418.50.

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

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.