Teacher Retirement System of Texas Raises Position in Caterpillar Inc. (NYSE:CAT)

Teacher Retirement System of Texas raised its position in Caterpillar Inc. (NYSE:CAT - Free Report) by 38.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 256,626 shares of the industrial products company's stock after acquiring an additional 70,915 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.05% of Caterpillar worth $93,094,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Generali Investments Management Co LLC purchased a new stake in Caterpillar in the 4th quarter worth approximately $880,000. Harvest Fund Management Co. Ltd lifted its stake in Caterpillar by 67.3% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 2,769 shares of the industrial products company's stock worth $1,005,000 after acquiring an additional 1,114 shares during the period. VSM Wealth Advisory LLC bought a new stake in Caterpillar in the fourth quarter valued at $508,000. OVERSEA CHINESE BANKING Corp Ltd increased its position in Caterpillar by 198.1% during the 4th quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 4,803 shares of the industrial products company's stock valued at $1,747,000 after purchasing an additional 3,192 shares during the period. Finally, Brooklyn FI LLC bought a new position in Caterpillar in the 4th quarter worth $755,000. 70.98% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CAT has been the topic of several research analyst reports. Jefferies Financial Group boosted their price target on shares of Caterpillar from $455.00 to $475.00 and gave the company a "buy" rating in a research report on Friday, December 6th. Evercore ISI increased their target price on Caterpillar from $365.00 to $375.00 and gave the stock an "in-line" rating in a research report on Wednesday, February 19th. Wedbush upgraded Caterpillar to an "outperform" rating in a research report on Monday, February 3rd. Truist Financial reduced their price target on Caterpillar from $455.00 to $438.00 and set a "buy" rating on the stock in a research note on Monday, February 3rd. Finally, Citigroup boosted their target price on shares of Caterpillar from $420.00 to $430.00 and gave the company a "buy" rating in a report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $383.80.

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Caterpillar Stock Up 1.8 %

NYSE CAT traded up $6.05 during mid-day trading on Monday, reaching $341.83. The stock had a trading volume of 2,277,144 shares, compared to its average volume of 2,448,054. The stock has a market cap of $163.37 billion, a PE ratio of 15.49, 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. 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 company has a fifty day moving average price of $358.61 and a 200 day moving average price of $372.30.

Caterpillar (NYSE:CAT - Get Free Report) last posted its quarterly 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 return on equity of 58.18% and a net margin of 16.65%. On average, research analysts expect that Caterpillar Inc. will post 19.86 earnings per share for the current year.

Insider Buying and Selling at Caterpillar

In related news, Director Gerald Johnson bought 100 shares of the firm's stock in a transaction on Tuesday, February 4th. The stock was acquired at an average cost of $365.57 per share, for a total transaction of $36,557.00. Following the purchase, 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 ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the firm's stock in a transaction on Thursday, January 16th. The stock was 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 in the company, valued at approximately $17,173,226.38. This trade represents a 18.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.29% of the company's stock.

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.