StoneX Group Inc. Acquires 9,558 Shares of Caterpillar Inc. (NYSE:CAT)

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

Other institutional investors also recently added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its position in shares of Caterpillar by 0.7% in the 3rd quarter. Principal Financial Group Inc. now owns 729,654 shares of the industrial products company's stock worth $285,382,000 after acquiring an additional 5,371 shares during the period. Tradition Wealth Management LLC lifted its position in Caterpillar by 6.0% in the third quarter. Tradition Wealth Management LLC now owns 2,478 shares of the industrial products company's stock worth $969,000 after purchasing an additional 140 shares during the period. Kestra Investment Management LLC acquired a new stake in Caterpillar during the third quarter worth $393,000. Benjamin Edwards Inc. increased its holdings in Caterpillar by 976.0% in the 3rd quarter. Benjamin Edwards Inc. now owns 31,796 shares of the industrial products company's stock valued at $12,441,000 after buying an additional 28,841 shares during the period. Finally, Beacon Investment Advisory Services Inc. raised its stake in shares of Caterpillar by 3.7% in the 3rd quarter. Beacon Investment Advisory Services Inc. now owns 21,079 shares of the industrial products company's stock valued at $8,244,000 after buying an additional 752 shares in the last quarter. 70.98% of the stock is owned by institutional investors.

Remove Ads

Insider Buying and Selling

In related news, CFO Andrew R. J. Bonfield sold 10,000 shares of Caterpillar 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 owns 45,182 shares of the company's stock, valued at $17,173,226.38. This trade represents a 18.12 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jason Kaiser sold 2,425 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $354.70, for a total transaction of $860,147.50. Following the transaction, the insider now owns 6,275 shares of the company's stock, valued at approximately $2,225,742.50. This represents a 27.87 % decrease in their position. The disclosure for this sale can be found here. 0.29% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Morgan Stanley lowered their target price on shares of Caterpillar from $330.00 to $300.00 and set an "underweight" rating on the stock in a research note on Friday, January 31st. Wedbush raised Caterpillar to an "outperform" rating in a report on Monday, February 3rd. StockNews.com lowered Caterpillar from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. JPMorgan Chase & Co. cut their price objective on Caterpillar from $515.00 to $490.00 and set an "overweight" rating for the company in a report on Friday, January 31st. Finally, Truist Financial lowered their target price on shares of Caterpillar from $455.00 to $438.00 and set a "buy" rating on the stock in a report on Monday, February 3rd. Two investment 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.com, Caterpillar currently has an average rating of "Hold" and a consensus price target of $383.80.

Caterpillar Trading Down 8.6 %

CAT traded down $28.91 during mid-day trading on Thursday, reaching $305.75. The stock had a trading volume of 4,634,646 shares, compared to its average volume of 2,547,331. The stock has a market capitalization of $146.13 billion, a P/E ratio of 13.85, a P/E/G ratio of 1.87 and a beta of 1.15. Caterpillar Inc. has a 52 week low of $303.30 and a 52 week 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 firm's fifty day simple moving average is $351.26 and its two-hundred day simple moving average is $372.07.

Caterpillar (NYSE:CAT - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The industrial products company reported $5.14 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%. On average, equities analysts predict that Caterpillar Inc. will post 19.86 EPS for the current 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.