StoneX Group Inc. Increases Stake in Caterpillar Inc. (NYSE:CAT)

StoneX Group Inc. increased its holdings in Caterpillar Inc. (NYSE:CAT - Free Report) by 71.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,867 shares of the industrial products company's stock after acquiring an additional 9,558 shares during the period. StoneX Group Inc.'s holdings in Caterpillar were worth $8,295,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in CAT. HighPoint Advisor Group LLC grew its stake in shares of Caterpillar by 1.9% in the 4th quarter. HighPoint Advisor Group LLC now owns 36,493 shares of the industrial products company's stock worth $13,219,000 after acquiring an additional 665 shares in the last quarter. Franklin Resources Inc. boosted its holdings in Caterpillar by 4.6% during the fourth quarter. Franklin Resources Inc. now owns 463,786 shares of the industrial products company's stock worth $168,243,000 after purchasing an additional 20,471 shares during the last quarter. Cannell & Spears LLC increased its stake in Caterpillar by 0.6% in the 4th quarter. Cannell & Spears LLC now owns 19,225 shares of the industrial products company's stock valued at $6,974,000 after buying an additional 109 shares during the last quarter. Summit Financial LLC lifted its position in shares of Caterpillar by 2.3% during the 4th quarter. Summit Financial LLC now owns 37,737 shares of the industrial products company's stock worth $13,689,000 after buying an additional 853 shares in the last quarter. Finally, Hoey Investments Inc. boosted its stake in shares of Caterpillar by 143.1% in the 4th quarter. Hoey Investments Inc. now owns 2,193 shares of the industrial products company's stock worth $796,000 after buying an additional 1,291 shares during the last quarter. Institutional investors and hedge funds own 70.98% of the company's stock.

Analyst Ratings Changes

A number of analysts recently commented on CAT shares. DA Davidson lifted their price target on Caterpillar from $350.00 to $357.00 and gave the stock a "neutral" rating in a report on Tuesday, February 4th. Morgan Stanley lowered their target price on Caterpillar from $330.00 to $300.00 and set an "underweight" rating on the stock in a research note 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. Bank of America lowered their price objective on shares of Caterpillar from $452.00 to $414.00 and set a "buy" rating on the stock in a research report on Friday, January 31st. Finally, Evercore ISI increased their target price on shares of Caterpillar from $365.00 to $375.00 and gave the company an "in-line" rating in a research report on Wednesday, February 19th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, Caterpillar currently has an average rating of "Hold" and an average price target of $383.80.

Caterpillar Price Performance

Shares of Caterpillar stock traded down $18.19 on Friday, reaching $287.57. The stock had a trading volume of 7,214,330 shares, compared to its average volume of 2,567,844. The business's 50 day moving average is $346.83 and its two-hundred day moving average is $371.31. The company has a market cap of $137.44 billion, a P/E ratio of 13.03, a price-to-earnings-growth ratio of 1.87 and a beta of 1.21. Caterpillar Inc. has a 1 year low of $281.50 and a 1 year 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.

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, 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%. As a group, research analysts anticipate that Caterpillar Inc. will post 19.86 EPS for the current year.

Insider Transactions at Caterpillar

In other Caterpillar news, CFO Andrew R. J. Bonfield sold 10,000 shares of the business's stock in a transaction that occurred 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 owns 45,182 shares of the company's stock, valued at $17,173,226.38. The trade was a 18.12 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Gerald Johnson acquired 100 shares of the stock in a transaction dated Tuesday, February 4th. The shares were bought at an average price of $365.57 per share, for a total transaction of $36,557.00. Following the transaction, the director now owns 3,053 shares in the company, valued at approximately $1,116,085.21. This represents a 3.39 % increase in their position. The disclosure for this purchase can be found here. 0.29% of the stock is owned by insiders.

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.